I guess the newspaper has more information than I do on El Paso's real estate market because they reported that El Paso had the nation's 7th highest annual home price increase from the 2nd quarter of 2006 to the 2nd quarter of this year. This information was from federal data that was released Thursday August 30, 2007.
El Paso home prices increased 12.49% since the 2nd quarter of 2006, according to the latest House Price Index calculated by the US Office of Federal Housing Enterprise Oversight. In the 1st quarter, El Paso's annual price increase ranked 23rd with an 11.21% annual increase.
El Paso real estate market prices have increased 3.08% from the 1st quarter to the April-June second quarter, the index shows.
The index tracks average house price changes in repeat sales or refinancing of the same single-family residences.
This was printed in the El Paso Times on August 31, 2007
Active Rain Real Estate Network
You can find great local El Paso, Texas real estate information on Localism.com Patti Olivas is a proud member of the ActiveRain Real Estate Network, a free online community to help real estate professionals grow their business.
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