El Paso, TX

There are many factors influencing real estate trends in the housing market, and the El Paso, TX metropolitan statistical area is no different. The following are some of the most notable trends affecting the area:

1) The population of El Paso is growing rapidly, which is increasing demand for housing.

2) The median home price in El Paso is relatively affordable compared to other parts of the country, making it an attractive option for buyers.

3) The job market in El Paso is strong, with a low unemployment rate, which also contributes to increased demand for housing.

4) New construction activity has been robust in recent years, helping to meet the growing demand for housing. However, this trend appears to be slowing down somewhat in 2019.

5) There has been an influx of investors buying properties in El Paso as part of 1031 exchange transactions. This has helped to drive up prices for investment-grade properties.