There have been a number of questions over the past three years about what is going on with the real estate market. We have been asked if this is a buyer's market or seller's market. Honestly, we are coming out of a COVID market. Inventory has been historically low causing prices to skyrocket. Now, we are seeing interest rates increase to historic norms while prices have remained high for the time being.
What does this mean for El Paso? We will likely see an overall drop in home sales while rents will remain high for the foreseeable future. For sellers and buyers in this market, it is critical to have a real estate agent who can navigate these waters. Call today for any real estate questions you may have.