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Money is flowing into Albuquerque from 3 areas:

1. SoCal money diverted from LV
2. SoCal money diverted from Phoenix
3. Florida/Gulf Coast

Why?

1. Albuquerque has not had the rampant appreciation seen in LV and Phoenix.
2. Good job base with high paying work force: Sandia Labs/Intel.
3. Builders cutoff sales to investors back in June, learning lessons from Phoenix.
4. Unlike other areas, a home purchased with 20-25% down will cash flow as a rental.
5. Continued optimism in low interest rates.
6. Slight rising of interest rates is eliminating many first-time buyers, thereby strengthening the rental market.