Housing Market in Las Cruces is Exploding
October 25, 2008
By Steve Klinger.
Am I the only one wondering what would make a sprawling 4,400 square foot home in the tony Talavera subdivision east of Las Cruces go up in a sudden fireball early Thursday morning, smashing windows and raining insulation down on neighboring properties, and leaving a propane tank and part of a rock wall as the only things standing?
The fact that this $723,000 home had been on the market for several months is curious, and that it was owned by a former Drug Enforcement Administration employee, who was out of town at the time, is even curiouser.
Will we be seeing more empty homes popping off like puffballs as foreclosures rise and the economy worsens. That would definitely serve to reduce inventory in the local real estate market.
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Oh, Steve, you DO have a way with words! I loved this article.
Right on! Insurance companies had better plan on paying out big bucks in the coming months as people figure out how to get rid of their albatrosses.