The Farmington phenomenon |
Investors still looking for that golden nest egg need look no further than Farmington, N.M. Durango’s bargain-priced neighbor to the south was recently featured on NBC’s “Today Show” as bucking the national trend of sagging housing markets. Farmington was featured along with three other “up-and-coming” markets nationwide. Other areas included Redding, Pa.; Austin, Texas; and Biddleville, N.C., outside of Charlotte. Not only is Farmington a relative bargain, with the median home price at $188,865, but it is also a good investment, with median prices still climbing to the annual tune of 10 percent, despite the national downturn. All this, and the area is “drop-dead” gorgeous, according to the 10-second stint, which aired last Friday. –Missy Votel |
In this week's issue...
- January 25, 2024
- Bagging it
State plastic bag ban is in full effect, but enforcement varies
- January 26, 2024
- Paper chase
The Sneer is back – and no we’re not talking about Billy Idol’s comeback tour.
- January 11, 2024
- High and dry
New state climate report projects continued warming, declining streamflows