A recent article in Bloomberg.com confirms some of what has been happening in Taos: Many people are looking to escape urban areas and are buying homes in the western states. Although the Bloomberg article refers to “rich” buyers paying over $1million for a home, the trend is apparent in the $300,000 – $900,000 price range that is more typical in Taos. The article notes that since many people can now work from anywhere, buyers are searching for a place they can go to if lockdowns occur again. The inter-mountain west offers abundant outdoor recreational opportunities to enjoy during an escape from crowded cities. The boom is causing prices to rise rapidly, which is creating affordability problems for locals in some areas.
Here is a link to the full article: