There are some places in the US where housing prices are not swooning and spiraling downward. Unlike places like Miami, Los Angeles, Las Vegas, Phoenix, and most elsewhere, smaller communities are holding their own as the grand price runup in the last five years was substantially less. Very few cities can make that claim, but among those that can are Albuquerque and Salt Lake City. Having been a past resident of the Duke City and usually aware of significant events there, it is not too surprising to see what has happened there. As for the reference in article that is linked below that likens Albuquerque to having a "resort town ambience", it is clearly and totally a mistake of a gross magnitude. Albuquerque is as much a resort town as Fargo is as a summer paradise in January. The quality of life in Albuquerque trails substantially to most places as crime, ethnic tensions, low wages, lack of economic diversification and sophistication, and traffic makes living there very unpleasant and the future holds no promise of improvement as New Mexico is a truly a third world country masquerading as an American state.=
http://www.usatoday.com/money/economy/housing/closetohome/2008-04-28-albuquerque_N.htm
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