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Anthony, Ysleta join Canutillo as an A-rated district in El Paso County.

August 22, 2022 | Comments Off on Anthony, Ysleta join Canutillo as an A-rated district in El Paso County.

The Ysleta and Anthony independent school districts celebrated a shared first Monday: They both were A-rated districts in the eyes of the state for the first time. CLICK HERE TO READ STORIES FROM EL PASO MATTERS. PLEASE DONATE TO SUPPORT LOCAL JOURNALISM.   

Existing-Home Sales Retreated 5.9% in July

August 22, 2022 | Comments Off on Existing-Home Sales Retreated 5.9% in July

Key Highlights Existing-home sales fell for the sixth consecutive month to a seasonally adjusted annual rate of 4.81 million. Sales were down 5.9% from June and 20.2% from one year ago. The median existing-home sales price climbed 10.8% from one year ago to $403,800. That’s down $10,000, however, from last month’s record high of $413,800.…

Anatomy of a First-time Buyer

August 22, 2022 | Comments Off on Anatomy of a First-time Buyer

The Average First-time Home Buyer Is 33 years old Has a household income of $86,500 Spends a median of $252,000 on the home purchase price Makes a 7% down payment Buys a home with an average square footage of 1,640 square feet 37% of first-time home buyers carry student debt, with a typical balance of…

Economic Outlook from Realtor.com

August 15, 2022 | Comments Off on Economic Outlook from Realtor.com

Realtor.com Sr. Economist/Manager of Economic Research George Ratiu is back from his vacation and is already to let us know what’s going on in the market. This week, George discusses: * Economic indicators which posted brighter signs this week, even as recessionary concerns continued to color the outlook; * The slowing advance of inflation, as…

Looking ahead to a new era in 2023.

August 15, 2022 | Comments Off on Looking ahead to a new era in 2023.
GEPAR logo

The Greater El Paso Association of REALTORS® is embarking upon a new era with the launch of our new state-of-the-art website, member portal, and member smart device app. We are incredibly excited to share this with our amazing 2,500+ members.  As we enter this exciting time, it is imperative that we continue to recruit leaders…

Single-Family Home Prices Display Double-Digit Increase in 80% of 185 Metro Areas in 2022 Q2

August 12, 2022 | Comments Off on Single-Family Home Prices Display Double-Digit Increase in 80% of 185 Metro Areas in 2022 Q2
mini house on a desk next to a set of keys

The National Association of REALTORS® reported that home price growth remained strong for the second quarter of 2022. Prices continued to rise, with 80% of the markets showing double-digit home price appreciation. National median prices rose 14.2% year over year to $413,500, rising above $400,000 for the first time. This quarter’s monthly mortgage payments on…

Sinkhole Getting Fixed in Central El Paso.

August 11, 2022 | Comments Off on Sinkhole Getting Fixed in Central El Paso.
work being done on a water pipe

UPDATE: from El Paso Water: Crews have completed the installation of a new section of the pipeline at Yandell and Gateway South. Crews will now backfill the hole and prepare the area for paving. The intersection remains closed. El Paso Water thanks you for your patience. Keep checking our Twitter Feed @GEPAR for more updates.…

TREC Approves Changes for Temporary Residential Lease and New Flood Notice

August 11, 2022 | Comments Off on TREC Approves Changes for Temporary Residential Lease and New Flood Notice
people in a kayak on a flooded street

  August 11, 2022 | Texas REALTORS® Staff Since January 1, landlords have been required to give notice to prospective residential tenants noting whether or not the landlords are aware that the rental dwelling is located in a 100-year floodplain or whether or not the landlords are aware of the rental dwelling has flooded during…

Four in Five Metro Areas Notched Double-Digit Price Gains in Second Quarter of 2022

August 11, 2022 | Comments Off on Four in Five Metro Areas Notched Double-Digit Price Gains in Second Quarter of 2022
national association of raltors logo

WASHINGTON (August 11, 2022) – Despite escalating mortgage rates and slumping home sales in the second quarter of 2022, a greater number of markets experienced double-digit annual price gains compared to the prior quarter, according to the National Association of REALTORS®’ latest quarterly report. Eighty percent of the 185 tracked metro areas posted double-digit price…

This week’s Why!? Not Wednesday

August 11, 2022 | Comments Off on This week’s Why!? Not Wednesday

  This week thanks to El Paso Mortgage Bankers Association we talk with Dean Inniss Senior Consultant Dynamic Strategic Consultation about how current economic policy impacts Real Estate in El Paso, TX.

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