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market conditions: San Antonio, Central TX: Markets Showing Their Strength to Overcome Recession - 10/20/09 10:52 PM

 
News of the recession coming to an end has been getting more and more buzz these days as people talk about various improvements in the market.  I would certainly agree myself that 2009 has shown a much more favorable outcome than that of previous years. However in reading some comments and other blogs I've noticed that there is a disbelief about the markets recovery.  In the words of Steve Morris CEO of Exit Realty Corp, International, the "storm has passed."  There are several reasons to why I would agree with this myself.
Here in San Antonio, we have seen … (1 comments)

market conditions: San Antonio, Central TX: San Antonio Market Hits a Speed Bump... - 09/28/09 11:52 PM

     San Antonio has been experiencing noticeable  rises in market conditions for the last four months straight and positive changes in buyer hesitation.  Three noticeable factors in this rise is the buyer tax credit, historic lows in mortgage rates, and affordability of homes being at record lows as well.
     Yet with all this progress, San Antonio saw a drop of 2.7% in existing home sales.  DON'T PANIC just yet however.  Looking at the big picture, there is still an upward trend compared to last year by 3.4%  In addition, the volume of existing homes has now dropped to 8.5 … (2 comments)

market conditions: Pending Home Sales and Affordability Making a Run for the Top!!! - 09/02/09 12:54 AM
Since the creation of the pending home sales index, never has there been such a rise in the volume of contracts until now.  According to Realtor Magazine the last six months have seen a consistant rise
in the number of pending sales contracts.  This could have also attributed to the 9.6% rise in home sales during the month in June.  Currently the index is resting at its highest point since 2007 when it settled at 100.7.
Home sales have been on the run as well.  The chief economist at NAR Lawrence Yun stated the momentum in the housing market has increased and made a … (0 comments)

market conditions: SURGE in Home Sales!!! ^ 9.6% in July!! - 08/26/09 09:26 PM
Home sales went on the rise last month for a 9.6% increaseduring the month of July.  This number exceeds all expectations of the market predictions and also is the fourth straight month to see a rise in home sales.  This is a great testament of the market making a turn for the best.  Sales have actually risen 32% since January of this year. 
So where are we at now with these increases compared to the markets peak four years ago.  In truth we a 69% below in home sales from this point four years ago.
No need to despair however.  The numbers … (1 comments)

 

George Sarran

San Antonio, TX

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Exit Pleasant Realty

Address: 2639 Nacogdoches Road, San Antonio, TX, 78217

Office Phone: (210) 829-5778

Cell Phone: (210) 889-1062

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