Wealth effects and the El Paso housing market (Texas)

The major purpose of this study is to examine the effects of changes in financial variables on the El Paso residential real estate market. The analysis utilizes a data set that includes prices for new and existing houses, plus sales of existing single-family units. It also includes an international dimension by examining the potential effects of Mexican financial conditions on the borderplex housing market in El Paso. Several statistical and econometric testing methods are employed. Chapter 2 provides an overview of related studies. Chapter 3 discusses data and methods. Empirical results are reported in Chapter 4. Chapter 5 provides concluding comments and suggestions for future research.