News Spotlight
IRS Extends Tax Deadlines
The IRS extended relief to existing 1031 like-kind exchange and opportunity fund investment deadlines, both which were designed to foster economic growth in America. NAR has argued that well-meaning investors in these programs should not be harmed due to the effects of COVID-19...

Notice to Members
Real Estate Transactions dealing with MVD
The MVD offices are closed, so we've made arrangements!

If you need assistance with mobile home transactions, you may e-mail Htet Gonzales, Deputy Field Operations, MVD, at Htet.Gonzales@state.nm.us

In your email, include the contact number and email address of either the county assessor or the contact person
of the real estate agency that needs to complete the mobile home title transaction.

Her office will set up drop off and pick up times for the paperwork.
Evictions Under the CARES Act
Federal Law Prohibits Evictions and Late Fees for “Covered Properties”. On March 27, 2020, the Coronavirus Aid, Relief and Economic Security Act (“CARES Act”) was signed into law. The CARES Act includes important, immediate protections for tenants living in certain types of housing...

Leadership Opportunities
The New Mexico Association of REALTORS® is currently seeking applications for leadership positions for terms begin January 1, 2021. Don't miss your chance to make a difference. Step up to leadership!

Housing Trends
March 2020 Sales Statistics
Numbers reported to the New Mexico Association of REALTORS (NMAR) for March 2020 continue the trends of the last several years. Number of sales are on the increase and median prices continue to rise...

NAR Flash Survey: Economic Pulse
On April 12-13 , NAR conducted a flash survey of members on the impact of the coronavirus on their market. The survey was delivered to a random sample of 86,699 members ...
Unsurprisingly, 60% of members reported buyers are...

Advocacy
NMAR requests extension to property tax payment deadline
NMAR sent a letter to the Governor requesting a 90-day extension for the payment of property taxes, which are currently due on May 10, 2020...

Voting Options in the June 2 Primary
The New Mexico Supreme Court has ruled that the upcoming June 2 primary in New Mexico cannot be conducted solely via mail, but that doesn’t rule out your option to vote by mail...

NAR Calls for Servicing Relief as Banks Tighten Mortgages
The real estate industry is growing alarmed over recent moves to tighten credit standards for new loans to home buyers as banks try to fend off disruption and losses during the COVID-19 pandemic. NAR is warning that lending standards could grow even more stringent...

Events
REALTORS® Legislative Meetings - Virtual Conference Sessions
The NAR Legislative Meetings are being held virtually, which means, you can attend the conference sessions from your home or office, from May 12-14...

2020 New Mexico Housing Summit
Make plans to attend the 2020 New Mexico Housing Summit, September 16-18 at Hotel Albuquerque. More information to come...

Member Resources
Forms Update
New NMAR forms you can use now!:
  • Form 1505: Remote Viewing and Sight Unseen Hold Harmless Agreement
  • Form 1506: Covid-19 Seller(s) and Buyer(s) Hold Harmless Agreement
  • Form 1507: Covid-19 In-Person Viewing/Inspection of Property Information Sheet and Acknowledgement.