SFR's year-end issue has a brief overview of how New Mexico and Santa Fe County fared economically in 2009. The short answer is,
worse than was reported
.
Here's a little holiday bonus: Background research. These cold numbers may be small consolation if you're among the unemployed, or the employed-but-broke, but then again, at least you'll know you're not alone.
The map below links to the New York Fed's
nationwide "credit conditions" data
, where you can see how Santa Feans are doing when it comes to
repaying their credit cars, student loans and mortgages on time
.
But wait, there's more.
These Excel spreadsheets have loads of state-by-state data on the performance of non-prime mortgage loans. Right-click to download them
and
. They show that 8.1 percent of alt-A (read: slightly better than subprime) mortgages, and
10.5 percent of subprime mortgages in New Mexico are in foreclosure
.
Curiously, they also show that New Mexicans are paying relatively high interest rates on their mortgages.
Theories, anyone? Explanations? Gripes?
