New Mexico Real Estate

In New Mexico, the Native Americans and theIndustries
Anglo-Americans make up the small population of theEarly in their history, the people settled along the river
state. There are still adobe villages throughout thebanks. They found sufficient livelihood in farming and
state. People still celebrate traditional festivitiesranching. When the first railroad was completed in1879
reminiscent of pre-Columbian and Spanish influences.the state saw an important economic transformation.
Much of this influences are still visible in the architectureWith the availability of freight services, cattle ranching
of the buildings and homes, and in the customs of theexpanded to a large scale. Agriculture also saw
people. In 1945, New Mexico became the center fordevelopment as more people cultivated cash crops.
nuclear research.Mining became an important source for economic
Geographical Location and Demographyviability. People mined silver and gold and other
New Mexico occupies a stretch of 314,917 sq kmminerals.
(121,590 sq mi) and 606 sq km (234 sq mi) of inlandEconomic activities increased when the Los Alamos
water. It has therefore the distinction of being the fifthNational Laboratory was set up in 1943. It was here
largest state in the United States. On the north are thethat the first atomic bomb was developed. Military and
Colorado boundaries, on the west Oklahoma andEnergy establishments spurred economic growth.
Texas. The south border is taken up by Texas andIn 2005, the work force of New Mexico had 941,300
Mexico. Arizona borders on the west. The Newpeople. Some 42 percent were in the service
Mexican landscape is guarded by the mountain rangesindustries, mostly occupations along tourism. Others did
that lend a formidable skyscrape.work as computer programmers or did serving in the
Climatemany restaurants. Twenty percent was in wholesale
Down in New Mexico it is sunny. The climate is mild.or in the retail trade; 22 percent were working for the
Winters are warm. It is always cooler and wetter up infederal, state, or local government. Some were in the
the mountains and the nearby environs. The state alsoemploy of the military. About 6 percent are in
experiences an annual average precipitation of aboutconstruction; 29 percent in real estate, finance and
8 inches. Precipitation is higher in the valleys of Rioinsurance. Manufacturing had an employment of 6
Grande and San Juan.percent. Farming or forestry had a minimal 3 percent
The wettest season is on July and August. In wintereven including agricultural services. The mining industry
snow caps the mountains and the lower elevations.had 2 percent of the total workforce.