El Paso Real Estate News
El Paso
Most U.S. Homebuyers Looking Outside Their Current Metro to Move in Q1
Based on new data from Realtor.com, in Q1 of 2023, an average of 59.6% of all Realtor.com listing page views from the top 100 metros went to homes located outside the metropolitan areas where shoppers live, indicating Americans are on the move.
Texas Mortgage Market Becomes Optimistic as Originations Rebound
According to the latest Texas Residential Mortgage Survey, U.S. mortgage-interest rates dipped lower in March 2023, leading to increased business activity and an improved outlook across Texas' residential mortgage market.
New Home Construction Sales in Q3 Reached a Record-High in the U.S.
According to national property broker Redfin, twenty-nine percent of U.S. single-family homes for sale in the third quarter of 2022 were new construction - the highest share of any third quarter on record.
U.S. Foreclosure Starts Reach Pre-Pandemic Levels in August
Based on ATTOM's August 2022 U.S. Foreclosure Market Report, there were a total of 34,501 U.S. properties with foreclosure filings -- default notices, scheduled auctions or bank repossessions -- up 14 percent from a month ago and up 118 percent from a year ago.
