Laredo, Texas

It has been a hot housing market in Laredo, Texas with the value of houses having risen 9.5 percent in the last year. It has been predicted that this year house value will increase 2.6 percent.

$131,700 is the median value of what a house is worth in Laredo.

$102 is Laredo’s per square foot median list cost. This is exactly the same as the Metro area of Laredo’s per square foot median list cost.

$181,995 is the present median cost of houses listed in Laredo. Laredo’s rent cost median is $1,250. The metro area of Laredo has a lower median rent cost of $1,200.

For people going through the foreclosure process, having a delinquent mortgage is the first step. Delinquency in a mortgage is when an owner of a house does not make a payment on their mortgage.

2.6 percent of mortgages have mortgage delinquency currently in Laredo. The national percent of delinquent mortgages is 1.6% which is lower than in Laredo.

Moving on to commercial real estate, exciting news is that Northtown Professional Plaza is investing in a solar power system and it’s anticipated to save 43% on its energy bill. Why is this exciting? Because this means $1.25 million in savings in the system’s lifetime. A company could do a lot with this type of savings – new jobs, landscaping, art work, various construction upgrades, etc. And great news is that the system in about 7 years is expected to pay off the cost for it.

As a 3 story 90,000 square foot office building in Laredo, Northtown Professional Plaza has legal, medical, real state, and financial tenants.

This is no small solar project. Imagine the vastness of 1,008 solar panels. That is huge! And these panels have a life time expectancy that’s greater than 40 years.

It wasn’t long ago that solar panels were thought to just save users a little money. With fairly recent scientific breakthroughs, solar panels now put out a lot more power, and solar can save us lots of money. We’ve entered the age where solar power is very viable.

One real cool thing is that the Northtown Professional Plazza solar system is to have a monitoring system that is visual, located in the lobby set up to see the real time savings of energy. This helps give investors positive proof that they made a wise investment.