Comparing Las Vegas to Albuquerque Housing Market: Real Estate Update

We compare the Las Vegas real estate market to the Albuquerque real estate market. Both housing markets seem to move in tandem with each other, despite being driven by substantially different factors. Las Vegas is more of a tourism economy and Albuquerque is driven more by government employment and colleges.

Also Las Vegas is a much more expensive market than Albuquerque, although Albuquerque is a smaller market but has older homes in the downtown area. Albuquerque also has lower home prices throughout the price spectrum.

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