FORECLOSURES LOW IN NM

A national report released today states that NM ranks 36th in the US in foreclosure notices. Our rate has been hovering around 3.6% and seems to be holding. Some States like California, AZ and Nevada have more than 1 in 200 households receiving foreclosure notices. Nationally, the rate is up 50%. I think we are low because both realtors and lenders here in NM are more responsible in pricing homes fairly and not encouraging people to buy if they qualify only marginally. We try to be fair here and are not so driven by the allmighty dollar such that we might push to make a sale that brings us our commission at the expense of a buyer who really shouldn't buy.