Archive for June 1, 2020

The Ascension of Affordability: Optimism in El Paso’s Housing Market

As the sun sets on yet another day, people all across El Paso dream about a future where everything is back to normal. But the surreptitious nature of our world is that life goes on, despite pandemics that bring entire nations to their knees. Taking a moment to gaze at yet another beautiful Southwestern sunset can provide some much-needed solace during these particularly trying times. 

Past the visual beauty of a Southwestern sunset lies the fact of the matter, however. As our planet continues to spin on its axis, traveling on its elliptical path around the sun, it creates a visible representation emblematic of the passage of time. Simply put, there will always be another tomorrow. The sun will continue to shine and it will continue to set in the west as the day draws to a close. 

Your Journey Towards Homeownership Begins

So now we ask you this: When was the last time you truly stopped to gaze at the sunset? Or, more poignantly, when was the last time you felt a semblance of normalcy? For many, this quarantine and stay-at-home order have made daily life more difficult than ever before. 

Depending on your particular living situation, your home may be going through a metaphorical change. Perhaps the walls of your small apartment are starting to close in on you; your current place of residence may be playing tricks on your subconscious. 

As these lingering thoughts grow and manifest into untameable beasts that rattle your mind at all waking hours, a small sliver of hope breaks through. A path has been laid, and it’s only a few paces ahead of you. Go on and take the first step towards your journey of homeownership. At Palo Verde Homes, we’re proud to build affordable homes in El Paso. Let us be your guiding light.

Understanding Affordability

The concept of “affordability” is multifaceted. Generally speaking, it’s a term used to define a pricepoint that can easily be achieved by the general populace. But the term itself serves a plethora of different purposes, ranging across the entire spectrum of human thought and worldly cognition. 

The act of purchasing an affordable watch, for example, is one that may not require the purchaser to think too much about the actual impact the purchase might make in his or her future. But the act of purchasing affordable homes in El Paso, on the other hand, still requires a fair bit of planning. Again, homeownership is a journey, whether the home at the end of the journey is affordable or not. The path towards both end goals is paved with the same necessary decisions, from choosing the right home builder to getting the best mortgage rates. 

The Truth About Affordable Homes in El Paso

Much like an oasis in the middle of a dry, arid desert, El Paso’s housing market stands apart as one of the most affordable in the nation. Although our city may not be the most glamorous or most lavish in the United States, it is still a great place to live. Time and time again, we rank atop countless lists as one of the safest cities in the nation. A welcome surprise, especially when one considers our sister city across the border, Juarez, Mexico, and its unprecedented crime rate. 

But let’s talk about affordability. In 2019, Realtor.com and MSNBC included El Paso among the most affordable cities for homeowners. In fact, MSNBC touted El Paso as a place where individuals “can buy a home on a $60,000 salary.” How’s that for affordable homes?

Looking Towards the Future

Up until recently, individuals and families alike tended to move to locations with the most opportunity, in regards to careers and education. This is why cities such as Los Angeles and New York City are full to the brim while smaller cities scarcely scratch the surface, population-wise. 

But now, thanks to COVID-19, many industries are transitioning from physical offices to digital workplaces. And although the future of the traditional office as we know it is murky at best (some are even going as far as to say that “the office is dead”), it is undoubtedly true that the option to work from home has had a positive impact on individuals and enterprises alike. Tech giants such as Google, Uber, and Facebook are leading the charge by allowing their employees to work from home permanently. If the giants of Silicon Valley see this as a viable option, it’s only a matter of time before the rest of the world follows suit.

Now, you may be asking yourself, where are we going with this? You might consider this wishful thinking but all signs are pointing towards a future where remote work is seen not only as a viable option but as the best option. 

And now we reach the crux of the matter. If remote work becomes the norm, people won’t be tethered to certain cities or locations. They’ll be able to live wherever they want to live. This is where the question of affordable homes in El Paso finds its answer. Whether you’re planning on moving to a new city or you’ve lived in El Paso your entire life, now is the perfect time to take advantage of our affordable housing market. 

Palo Verde Homes: By Your Side, Every Step of the Way

It’s impossible to know what the future will bring, but we can surmise a few minute details here and there. If anything, there’s a solid possibility that our entire world will look very different once this pandemic draws to a close. We’ll understand the importance of an embrace because we went for so long without experiencing one. We’ll remember how awkward it felt to wear a facemask in public for the first time. And, most importantly, we’ll realize that these trivial matters that used to fill our heads with doubts and uncertainty don’t really mean much. 

As the sun rises, ushering the dawn of a new day, we want you to know that we’re here with you and we want to help. At Palo Verde Homes, we stand by our homes and our clients. That’s why we offer affordability without cutting corners. Give us a call, we’re ready to talk to you about the affordable homes in El Paso we have to offer.