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Forbes ranks San Antonio, Texas, second fastest recovering real estate market

By
Real Estate Broker/Owner with Robin Rogers, Silverbridge Realty, San Antonio, Texas 398351

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.The San Antonio Riverwalk from under Crockett Bridge

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.

Posted by

 

Robin Rogers, REALTOR, Broker-owner, TRC, MRP, CRS

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Comments (2)

Carl Winters
Canyon Lake, TX

Robin: Just keep on posting good news about San Antonio and the surrounding area. I really liked this mention..."A diversified and growing economy is the other major factor for San Antonio's success" along with friendly folks are always here to give you a big Texas welcome. Thanks for the update. (C&C)

Dec 10, 2009 11:38 AM
Robin Rogers
Robin Rogers, Silverbridge Realty, San Antonio, Texas - San Antonio, TX
CRS, TRC, MRP - Real Estate Investment Adviser

Hi, Carl and Ceil:

I just take the friendliness factor for granted. In future, I will emphasize that. I have been to a few other states where friendliness is far from the norm.

Happy TGIF!

Robin

Dec 11, 2009 03:23 AM