NewspaperTree.com Blog

El Paso-centric info and commentary from the Center of North America

Posts Tagged ‘economy

NPT Media: Troubled Times?

Brace yourself, Times. You’ve got visitors. We are prepared to feel your pain. Seriously, I know we don’t always play nice with each other. But the better you are, the better we are, and the better off El Paso is. Best of luck, folks. I got my fingers crossed …

Sito Negron

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Written by newspapertreeelpaso

March 3, 2009 at 11:05 am

NPT DC: Reyes comment on Obama speech

silverstrereyesNews release from U.S. Rep. Silvestre Reyes. For the transcript of Obama’s speech, click here.

“President Obama was very honest about the challenges our country is facing but reaffirmed that America will rise to the challenge and will emerge from this crisis a stronger nation. The road ahead will not be easy, as we are confronting one of the most serious financial crises in our nation’s history, but the President and the Congress are determined to lead our country in a new direction and will continue to advance an ambitious legislative agenda that will move America forward again.

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Written by newspapertreeelpaso

February 25, 2009 at 10:22 am

NPT: El Paso? Poor, but not cheap, comparatively speaking.

According to the National Association of Home Builders and Wells Fargo, El Paso ranks near the bottom of cities in the U.S. for home affordability. According to their survey, El Paso median income and home prices went from $38,600 and $117,000, respectively in 2005, to $37,200 and $131,000 in the fourth quarter of 2008. By their measure, El Paso ranks as number 213 in the nation for affordability. Here’s the news release about the list. Here’s the explanation of how they arrive at the numbers: The NAHB/Wells Fargo HOI is a measure of the percentage of homes sold in a given area that are affordable to families earning that area’s median income during a specific quarter. Prices of new and existing homes sold are collected from actual court records by First American Real Estate Solutions, a marketing company. Mortgage financing conditions incorporate interest rates on fixed- and adjustable-rate loans reported by the Federal Housing Finance Board.

For the spreadsheet with the numbers, go here and click on the third item (“The NAHB/Wells Fargo Housing Opportunity Index: Complete History by Metropolitan Area (1991-Current”).

Sito Negron

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Written by newspapertreeelpaso

February 23, 2009 at 10:46 am

NPT Media: Furloughs at ABC-7

First it was the El Paso Times. (Actually, first it was us with a lovely vacation during the December holiday). Now it’s ABC-7, which reported on its own newscast that it is making employees take an unpaid week off (except for sales reps). Yikes!

Sito Negron

Written by newspapertreeelpaso

February 19, 2009 at 11:00 am

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