New Mexico has “definitely been one of the states that has faster than the national average growth in housing costs,” according to Nicholas Sly, a Denver branch executive and economist with the Federal Reserve Bank of Kansas City.
“Rents as well grew very, very quickly in the northern part of the state,” Sly added, whose job entails staying on top of economic conditions in Colorado, Wyoming and northern New Mexico.
Sly is in town to meet with business leaders to gauge how the local economy is doing and where it’s heading. He sat down with the Journal on Tuesday, discussing everything from the Federal Reserve’s outlook on interest rate cuts this year to how Trump’s policy proposals might affect local businesses.
(Click “Read More” to see the full article by the Albuquerque Journal – potential paywall.)