Well all is well in the El Paso, TX real estate market.
El Paso is humming along and luckily we are not with the rest of the country in how sales are going.
Our average price is holding steady-much as it was last year- and we are not going down in prices.
What we are seeing in the real estate market in El Pasois that homes are taking a little longer to sell and sellers are helping more with closing costs.
Now is the time to buy a home because we feel that prices will start going back up in El Paso because the military is bringing about 90,000 troops and family members here by 2013 and we know that we are short on homes for those soldiers and their families.
It is a great time to invest in El Paso, whether you are a big investor (like apts-the city is giving incentives to those that start building now) or if you want to buy a rental home it should not last long on the market.
We are seeing the rental market increase too. I know that everyone is reading about the violence in Juarez, Mexico but it IS NOT SPILLING OVER INTO EL PASO!
I have lived here for over 30 years and we are still one of the safest cities in the nation for cities over 500,000 even with what is going on over there. What is happening is that we are seeing alot more Mexican National buying and renting homes in El Paso.
Why wait for prices and interest rates to go up-you know they will so give me a call and let's get going.
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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