In the college-town rankings, El Paso...

In the college-town rankings, El Paso home prices are 39th

There are 3 comments on the El Paso Times story from Nov 26, 2008, titled In the college-town rankings, El Paso home prices are 39th. In it, El Paso Times reports that:

UTEP is in the middle of Conference USA's football standings, and El Paso is in the middle of housing affordability when compared with the other 10 cities in the conference, according to a recent study.

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Chino Latino

Juárez, Mexico

#1 Nov 26, 2008
Sell Sell Sell!
Numbers Confusing

United States

#2 Nov 26, 2008
Not sure how reliable all of these housing numbers are for El Paso. Just in my neighborhood, I have seen asking prices for home drop about 10% in the past several months. There is always great confusion over median and average price and if these numbers were broken down per neighborhood, I think a better idea of price declines would become known. Home below 150K are selling while just enough 200K homes are selling to keep the median high but the average is suffering.

Other states have MLS numbers open to the public so it is esy to see trends. Texas has always played games by keeping these numbers private and allowed taxing districts to inflat values to keep taxes high. Without transparency, like Wall Street, lots of opportunity to play games with the real property values.

Since: Jan 08

currently DC metro area

#3 Nov 26, 2008
Numbers Confusing wrote:
Not sure how reliable all of these housing numbers are for El Paso. Just in my neighborhood, I have seen asking prices for home drop about 10% in the past several months. There is always great confusion over median and average price and if these numbers were broken down per neighborhood, I think a better idea of price declines would become known. Home below 150K are selling while just enough 200K homes are selling to keep the median high but the average is suffering.
Other states have MLS numbers open to the public so it is esy to see trends. Texas has always played games by keeping these numbers private and allowed taxing districts to inflat values to keep taxes high. Without transparency, like Wall Street, lots of opportunity to play games with the real property values.
The data on what a home sold for is available online at the EPCOUNTY website, you just have to know what to look for. I use the website every year to fight the CAD overassessments. I win every year.

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