El Paso has proven to be a counter-cyclical apartment market over the last six years. In the recession, El Paso held steady and then quickly surged to rank as the nation’s leader for rent growth through most of 2010. But in recent years, El Paso has ranked among the nation’s weakest apartment markets. What happened?
El Paso Performance Highlights for Q1 2014
When the recession hit in 2008, the effect on the national apartment market was pretty severe across most metros. However, one market that consistently stood above the pack was El Paso. But since the end of 2010, El Paso has gone from being a top performer to a bottom performer.
Read more...Once a Top Performer, El Paso's Apartment Sector is Now a Laggard | Property Management Insider
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