RUIDOSO, N.M. — Severe flooding hit the Ruidoso area Tuesday afternoon, leaving three people dead and buildings, including at least one home, swept away. The Village of Ruidoso identified the three people as a man in their 40s or 50s, a four-year-old girl and a seven-year-old boy.

The National Weather Service is sharing details on the rapidly evolving situation in New Mexico. In the past few minutes, the NWS says a "father and two children washed away. SW crews in pursuit." Another update reads, "1 adult 2 children trapped and needing rescue".

The National Weather Service said the threat of severe weather is low, but some flood warnings are still in effect.

The disaster that unfolded in Kerr County, Texas shows how many communities will struggle to prepare for extreme weather as the federal government pulls back.

Fox News senior correspondent Mike Tobin reports on the latest to come from the search and recovery efforts after the devastating floods in Texas on 'Special Report.'

Visitors to a local brewery in Ruidoso, New Mexico, were stunned to see a house swept away by rushing floodwaters on Tuesday as they waited out the danger.