Actually, San Antonio never got as "sick" as other major real estate markets. In Forbes magazine's online ranking November 19, it rated San Antonio second (behind Omaha) in its list of the 100 fastest-recovering real estate markets.
Sales prices didn't zoom upwards as they did in other cities, since there is still plenty of land to build. When the bubble burst, San Antonio was not hit as hard. In addition, Bexar County foreclosure rates are not as high in proportion to other markets either.
A diversified and growing economy is the other major factor for San Antonio's success. Both the amount of time on the market and sales prices are lower than the national average.
Thus, San Antonio remains an outstanding place to invest in residential real estate. Single-family homes near the military bases, insurance giant USAA, the South Texas Medical Center, and the universities are reasonably priced and easy to rent.
Comments (2)Subscribe to CommentsComment