Rural New Mexico real estate has a mini-boom during pandemic | Real Estate

 Rural New Mexico real estate has a mini-boom during pandemic | Real Estate

An exodus of people from America’s cities to rural towns and villages in places such as Northern New Mexico continued to grow in the last year as society limped through a pandemic.

The coronavirus has driven a surge in real estate sales in rural areas.

“When I ask why they pick this area, they all say about the same thing — they want to get out of the big city,” said Stacie Ewing, owner and qualifying broker of American West Ranches based in Eagle Nest. “They say they are worried about where it will go in the future.”

Local people in the region also are looking to buy while interest rates are low. But a shortage of inventory, rising home prices and competition from people who can pay cash, is making their dream of homeownership tough.

“There is no available housing. We’re in a tiny place…

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