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.

Tuesday, July 13, 2010

Why are people waiting-do they want higher interest rates

I do not understand why people are waiting to buy a home in El Paso, Texas.
Interest rates are at a 50 year low and I think they will stay down for awhile so you can afford more of a home than you could even a year ago.

The real estate market in El Paso, Texas is strong and active and El Paso has pretty much been spared the "foreclosures" that we see prominent in most markets. Yes we do have some and they don't help the over all market but we are not like Phoenix, the west coast and Florida (thank Goodness).

Living in El Paso, Texas is great now. With the recent "All American City" award and being the 2nd safest city with populations over 500,000(amazing with all that is happening in our sister city of Juarez, Mexico)El Paso is a great place to be right now. It just goes to show that you can not believe everything that you read in the papers. El Paso is a warm and friendly city where people will speak to you as you pass them on a side walk!!!

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