Newest Borderplex Business Barometer Available
The latest edition of the Borderplex Business Barometer, produced by the Department of Economics and Finance at the University of Texas at El Paso, is available for download. The Barometer analyzes a variety of data points and produces a series of data visualizations that illustrate what is driving the local economy.
As the August report indicates, there is an interesting trend in housing for the El Paso Market: “As home sales skyrocketed nationwide in July, locally, single-family housing sales also did the same. On a year-over-year basis, the median price in El Paso rose by more than $14,000 to $179,950…The propellants behind the sales increase in June and July were the potent brew of historically low conventional fixed mortgage rates plus pent-up demand from the April-May pandemic lockdown.”
The Barometer tracks a number of data points and can be downloaded here.