July Housing Statistics for El Paso Texas

July Housing Statistics for El Paso Texas



During the month of the 30th Olympiad, housing medaled in several arenas. A few short years ago, housing was considered a headwind to economic recovery. Today, housing is seen as a tailwind to a stalling economy.

For the first time since 2005, housing is on track for contributing positively to national GDP in 2012. That can occur either by way of direct residential investment or through remodeling and other ancillary services. Watch for signs of sustained tailwinds in a variety of indicators, including market times, seller concessions, prices and absorption rates.

Michael Bray

Director

National Association of REALTORS


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Author:
Phone: 915-549-1770
Dated: August 16th 2012
Views: 3,873
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Location & Address

Exit Realty El Paso
299 Shadow Mountain
El Paso, TX
915-209-4787
915-585-9599

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