SUMMARY    HISTORY    PEAKS & TROUGHS    FORECASTS

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The Ruidoso housing market has seen strong price increases over the past few years, after a five year period of real price stagnation. Historically, the Ruidoso market has avoided national trends and has increasing become tied to local economic and recreational conditions. However, recent increases in investor activity have created fears of declines. Further sales declines should be expected due to current national market psychology, however, significant nominal price declines are unlikely as the mortgage debt servicing cost has remained near the historical median.

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This ratio compares the monthly mortgage payment (principal & interest only, which does not include hazard insurance, property taxes or any needed private mortgage insurance) for a median priced home financed at the prevailing 30 year mortgage rate to the local median 4-person family income.