RIO RANCHO THIRD LARGEST CITY IN NM

Rio Rancho is now New Mexico’s third largest city beating out Santa Fe. Since 2000, Rio Rancho has grown from 51,765 to 70,493 at a rate of 36%. The pace accelerated until 2007 and has now slowed some allowing the growth to prepare for the next growth spurt. The growth will come from the re-hiring at Intel, the new HP center to open in 2009 and movie studio activity. The housing activity is picking up some although there are still more houses for sale than buyers in the market now. As the new home inventory has been absorbed, the resale sector has picked up. For the forward looking buyer, it's an area with a long term upside.