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Price drops for home purchases reaches new high as mortgage rates increase

The Advance News reached out to a local realtor recently with this simple question: “Is this (Hidalgo County) still a seller’s market?”This guy should know. He’s a friend to this newspaper and has been in the real estate business for more than three decades as both a real estate broker and developer.“It’s still a seller’s market,” he said, although sounding more hesitant than in recent times. “Really, though, that’s only because of a lack of supply (residential homes for sale).”That might be fixing to change, though, if you read this week’s story about the growth in Edinburg (see page xx).According ...

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