Beaumont-Port Arthur made the national news again.
In the latest quarterly survey by the National Association of Realtors, Beaumont-Port Arthur was ranked in the top four housing markets in the South. After Spartanburg, SC, Texas had the next three top markets with the strongest price increases.
Prices in our area were up 6.1%. El Paso, Texas took the top spot in Texas. Homes there went up by 8.5%. Coming in at number two was Amarillo, Texas with a home price increase of 8.2%. For the complete article click here Mixed Home Price Performance Continues in Metro Areas.
Once again, here is statistical proof that Beaumont's housing market is much healthier than most any other market across the U.S. Regular readers of Southeast Texas Real Estate Talk already knew that. Out of the 149 markets surveyed, 100 had home price declines. One market was unchanged. 48 markets showed higher median prices than they had one year ago.
NAR President Richard Gaylord, is quoted as saying "It's more important then ever to examine what's happening with home prices at the city and neighborhood level."
If you want to know what's happening in your neighborhood email me, call, or comment on the blog. I'll be happy to let you know what's happening where you live.
Additionally, I will be updating this blog weekly at first but maybe twice a week as time goes on. I encourage anyone to add to this blog, I/we really would like it to become a great place to share ideas, thoughts, knowledge, comments, generalizations - whatever! about the St. Paul real estate market or real estate in general.
Posted by: property bulgaria | May 16, 2008 at 03:52 AM