Increased Demand as the Holidays Approach As the holiday season draws near, the United States Postal Service (USPS) is preparing for its busiest time of the year. With an expected volume surge, the USPS is set to process an astounding 88 million packages daily in December, a significant increase from the standard 60 million. This…
Significant Changes in Cannabis Regulation New Mexico’s cannabis industry is on the brink of transformation following President Trump’s recent executive order aimed at reclassifying marijuana from a Schedule I to a Schedule III substance. This landmark decision acknowledges the drug’s medicinal potential and could pave the way for significant economic benefits for local dispensaries and…
Significant Policy Shift Announced In a landmark decision, President Trump has issued an executive order aimed at reclassifying marijuana from Schedule I to Schedule III under the Controlled Substances Act. This pivotal move could transform the landscape for New Mexico’s cannabis industry, acknowledging the plant’s accepted medical use and easing various regulatory hurdles. Impact on…
Closure Announcement and Timeline Range Cafe, a staple in Downtown Albuquerque, has announced its impending closure, effective December 27, 2025. The restaurant, located at 320 Central SE, has been a popular dining destination but will shut down operations as part of the owners’ proactive planning for a potential property sale. Background on Range Cafe Founded…
Historic Jackpot on the Line The excitement surrounding the Powerball lottery continues to build as the jackpot climbs to an astonishing $1.25 billion for the drawing held on Wednesday night. This jackpot marks only the second time this year that a prize has exceeded the billion-dollar mark, captivating the attention of residents and tourists alike…
Overview of Current Industry Sentiment According to the latest Dallas Fed Energy Survey, oil producers in New Mexico and Texas are facing a challenging landscape, with little change in production levels despite ongoing concerns about market conditions. Conducted from December 3-11, the survey gathered insights from 131 executives across the oil and gas sector, highlighting…
Current Mortgage Rate Landscape The average long-term mortgage rate in the United States has seen a slight decline, settling at 6.21% for the week ending December 18, 2025. This represents a minor drop from 6.22% the previous week and is considerably lower than the 6.72% rate recorded a year ago, according to data from Freddie…
Understanding the Recent Business Closures Albuquerque is witnessing a wave of business closures that raises critical questions about the health of its local economy. Notable establishments like the east downtown location of the Range Cafe, which has served the community for 20 years, will close on December 27, 2025, due to the sale of the…
As we look ahead to the housing market in 2026, various macroeconomic factors will play a significant role in shaping the landscape for buyers, sellers, and investors alike. Experts predict a period of modest growth, driven by shifts in mortgage rates, employment trends, and regional dynamics. Macroeconomic Influences on Housing Prices Analysts forecast that mortgage…