San Antonio has seen some great improvements over the year as a whole compared to the drastic fluctuations seen prior. Although August did see a slight slip in the market, the great progress made should not be forgotten. Leaders in the industry such as Steve Morris are calling the "storm" to be over and the time to pick ourselves up is upon us.
So to give you a quick synopsis of the week things are getting back on track with improvements. After August the marketshowed some difficulty in continuing the upward trends, however last week alone it appears as if the market has jumped back on the tracks of success. Even in retail it is being reported that with the September sale stats coming in, it looks as if the consumer if pitching in to the recovery.
The ISM index climbed to 50.9 which hints at the growth for non-manufacturing division in our economy. Loan applications alone rose 13.2% just during last week. On top of it all a average 30 year fixed rate
loan is sitting at a very affordable 4.89% Be on the watch at the end of this week to hear about consumer participation as well as that wonderful word inflation as the week comes to a close. It looks like we are making our way up, but it will take a group effort to accomplish this.
Thank you to all and have a great week.