Rioranchorealestate’s Blog

December 27, 2008

Economy is holding up despite national downturn

Filed under: Local News — rioranchorealestate @ 9:56 pm

New Mexico is holding up very well despite the national and international economic downturn. This is attributed to many factors but a few are more obvious than others: First, the housing market did not sky rocket out of control so when the bubble burst it was not far from reality; Second, the industries here are diversified into agriculture, manufacturing, high-tech industries, an educated workforce is attracting some large companies to relocate here. Third, we have a growing moving industry that will be second only to Hollywood and is now being referred to as Tamalewood.

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