Ft Bliss - EL PASO | Relocation Realtor | Luxury Homes

Foreclosures Move East as Hardest-Hit Markets Clear

Realty Check with Diana Olick — Thu, 17 May 2012 04:00:00 +0000

Foreclosure activity in April fell nationally to the lowest level since the summer of 2007, but government intervention and the recent $25 billion mortgage servicing settlement are now changing the face of the crisis.

Latest home sales in El Paso Texas

el paso homes posterous — Wed, 16 May 2012 18:17:52 +0000

Latest home sales in El Paso Texas

The latest market report shows the sales activity in the El Paso real estate area as well as first quarter 2012 details. This report reveals what is driving the real estate market and what to expect in the coming months. Home sales in the El Paso real estate market now exceed new listings by more than 10%. The median sales price for El Paso is still $130,000. Demand is driven by buyer's appetite for new construction and a decline of 9.5% of supply.

El Paso Real Estate Market Latest Information and Statistics

County: El Paso

Zip Codes in the City: 79901-79938

Population: 649,121

Population (Metro): 800,647

Total Households (2006-2010): 206,428

Q1 2012 Total Home Sales in El Paso area: 1,100

Q1 2012 Median Sale Price in El Paso area: $130,000

Q1 2012 Average Sale Price in El Paso area: $147,853

Central El Paso

Downtown El Paso
Sunset Heights

East El Paso

Ysleta

Far East El Paso-Montana Vista

Mission Valley El Paso (Lower Valley and Ysleta, Texas)

West El Paso (Commonly known Upper Valley)

Northeast El Paso

Central El Paso

Popular El Paso Areas where homes are selling:

· Alburn Park

· Central

· Coronado

· East Side

· Northeast

· Northwest

· Zach White

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Foreclosures Fall…And That’s a Bad Thing?

Realty Check with Diana Olick — Tue, 15 May 2012 16:53:00 +0000

A new report came out this morning with a curious headline: “Foreclosure Activity Declines, Hurting Investors.” I read it twice. You would think declines in foreclosure activity would be a good thing, that is, would help, not hurt. Not in this bizarre housing market.

Foreclosures Fall…And That’s a Bad Thing?

Realty Check with Diana Olick — Tue, 15 May 2012 16:53:00 +0000

Foreclosures Fall…And That’s a Bad Thing?

Realty Check with Diana Olick — Tue, 15 May 2012 16:53:00 +0000

After a Dip, Homebuilder Sentiment Surges Again

Realty Check with Diana Olick — Tue, 15 May 2012 14:02:00 +0000

Builder confidence jumped five points in May, which is a sign that the nation’s homebuilders are feeling far better again, after an unusually warm winter wreaked havoc with the usual traffic and sales trends.

After a Dip, Homebuilder Sentiment Surges Again

Realty Check with Diana Olick — Tue, 15 May 2012 14:02:00 +0000

Obama’s ‘Responsible’ Reno Homeowners: Are They?

Realty Check with Diana Olick — Fri, 11 May 2012 19:06:00 +0000

President Obama has visited a “responsible” couple who owe more on their mortgage than their Nevada home is currently worth. But did they act responsibly?

Mortgage Market Still Hampers Housing Recovery

Realty Check with Diana Olick — Thu, 10 May 2012 16:45:00 +0000

The Realtors say it, the home builders say it, and now the chairman of the Federal Reserve is saying it: “Some creditworthy borrowers are still having trouble getting a mortgage.”

Bank of America Offers Principal Reductions to 200,000 Homeowners

Realty Check with Diana Olick — Tue, 08 May 2012 04:01:00 +0000

A select group of struggling mortgage borrowers are about to get an offer that sounds too good to be true. Executives at Bank of America admit that, as they begin mailing 200,000 letters offering certain customers mortgage principal reduction.