Submitted by Anonymous on Wed, 06/13/2007 - 05:00.
El Paso Texas housing market in big slump
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Last year at this time homes were selling in El Paso in record time, but now things are quite different.
The number of homes on the market has more than doubled this year -- and that's not including homes under construction or for sale by owner.
Real estate agent Barbara Berliner says the difference is clear in the Kern and Rim areas, where homes that once sold in weeks are now staying on the market for several months.
Prices aren't falling yet, but Berliner expects they will if things continue this way for the next few months.
Source: http://www.ktsm.com/home/ticker/7985927.html
The number of homes on the market has more than doubled this year -- and that's not including homes under construction or for sale by owner.
Real estate agent Barbara Berliner says the difference is clear in the Kern and Rim areas, where homes that once sold in weeks are now staying on the market for several months.
Prices aren't falling yet, but Berliner expects they will if things continue this way for the next few months.
Source: http://www.ktsm.com/home/ticker/7985927.html
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