BROWNSVILLE, Texas - If you are looking to buy or sell a house, a local realtor said now is the time.
With an average of $125,000 a home, Brownsville real estate is increasing.
Lenny Vera, a local realtor closed two houses during the week of May 15.
Vera said the younger generation and Mexican citizens are a big part of that growth.
“[People are] coming from Mexico and they're buying, they’re investing their money here to get their visas,” Vera said.
[Mexican citizens] are bringing in cash and buying, no financing,” he told News Center 23 in an interview at a house he is selling.
“The Mexican citizens have a big part of our growth in the [Rio Grande Valley] economy they’re a big part of it,” he said.
Vera said Brownsville has a historical low interest rate, although the interest rates have gone up.
He said Brownsville is experiencing a boom that bigger cities in Texas, such as Dallas and Austin, experienced 10 years ago.