Thanksgiving is quickly approaching! From entertaining to cooking, hosting Thanksgiving in your new home can be stressful. To help relieve some of that stress, we’ve decided to share a couple of our favorite Thanksgiving Leftover Recipes!
Saturday November 18, 2017
Esperanza Homes' Team
At Esperanza Homes, it is important that the home buying process is stress-free. So, we’ve put together some tips for our new homeowners that will make hosting Thanksgiving in your new Esperanza Home a breeze.
New, high-end developments like Bentsen Palm are clear reminders that the Mission and McAllen, TX housing market is on solid ground and becoming more diversified.
Though Mission, TX homes haven’t been selling at the lightening speed pace seen in other areas of Texas, 2015 trends are all pointing towards a market that is strengthening. At the start of the year the home inventory in the metro sat at 12 months, down from 14 months. Inventory is a key indicator of demand, which the stats show is increasing. When demand is growing in an area one result is an increase in new builds.
Though the pace of building slowed in Q2, at the start of the year many new builds were well underway. All this building paid off in the form of new home sales, which were up 7% year-over-year. Throughout Q2 the inventory continued to decline in the Rio Grande Valley. This is helping to balance the market, and shows that more new builds within the affordable range of $150,000-250,000 are highly sought after.
Mission and McAllen, TX just tied in a WalletHub study (see below) for highest income growth between 2008 and 2014. When people make more money they are able to qualify for more on a home loan. This is reflected in the rising median and average home prices. According to the Greater McAllen Association of Realtors the average list price has steadily increased since August 2014. In April 2015 it was $242,000, which is $30,000 more than April 2014. But the higher price didn’t dissuade buyers. Pending sales in April were way up at 671 - the same time last year there were only 287 pending sales.
Homes in McAllen at the start of the year had an average price of $128,305 - well below the state and national average. But as the listing prices and sales numbers show that is likely to go up this year. Further evidence that the economy is growing in Mission and McAllen.
While introducing South Texas to an exciting new courtyard model, Esperanza Homes recently won the 2010 Parade of Homes in the $200,000-$250,000 model home category. The “Valero” offers a two-story, 4/5 bedroom, 3.5 bath home that surrounds an intimate courtyard, perfect for outdoor dining and entertainment. The home features a family-style kitchen, open living room, formal dining room, powder bath with stunning rock wall and marble vessel sink, 2nd-story billiards/game room and study/computer desk area, and walk-in closets in all bedrooms. Your dream home is now open!
Texas is leading the nation in coming out of the Great Recession, according to the Real Estate Center at Texas A&M University. After 16 months of job losses, the state’s annual employment growth rate turned positive and posted an annual employment growth rate of 0.2 percent (May 2009-May 2010).
Experiencing the longest period of job growth, McAllen has been ranked No. 11 in the nation for beating the recession. According to the June 2010 MetroMonitor released by the Brookings Institute, McAllen was cited for gaining jobs over the last four quarters.