Brownsville's housing market

News Center 23

POSTED: Thursday, June 13, 2013 - 4:42pm

UPDATED: Friday, June 14, 2013 - 8:15am

Nationally, the housing market - after that steep decline - is now on fire. But whether that housing boom extends to us in the Rio Grande Valley, depends on whom you talk to.

“We’ve seen an increase in sales. It’s uh, we see, the sales increase every month actually since about the beginning of the year. Our sales are up, at this office, about 30 to 40 percent over last year and statistics have been showing that there is an increase nationwide, as well as here in South Texas.”

But not everybody shares that rosy assessment.

“The housing market might be picking up for more affluent areas of Brownsville, but for other parts of the city, it’s still a little slow.”

“The housing market In Brownsville is still quite sluggish. In certain price segments the market has increased, but overall the market is still down about five percent from where it was last year.”

Both brokers believe that Brownsville's growing population will ultimately create a better future for the city's real estate market.

“We have a lot of calls from people migrating into Brownsville, Texas. There’s a lot of big developments coming into Brownsville, so there’s big companies coming in and we have people relocating into the area.”

“We still have a large number of people who are going to move into the area, our population has continued to increase on a nice steady flow, and we anticipate that the housing market will get better.”

Reporting in Brownsville, Marty Watson, KVEO News Center 23.

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