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San Antonio, Texas, real estate market news round-up

Reblogger
Mortgage and Lending with Be My Neighbor Mortgage 206672

Posted by my good friend and trusted Agent, Robin.  Great info, so blessed we live in San Antonio.

Original content by Robin Rogers 398351

The San Antonio residential real estate market is finally - back to normal. Existing home sales increased by a whopping 52 percent from November of last year. Most of the home sales, some 76 percent according to the San Antonio Board of Realtors, were in the price range under $200,000. This is most likely due to the first time home buyer tax credit.

At the back of the Alamo, San Antonio, Texas

However, foreclosure filings in Bexar County are at a record high number of 1,652 for January. If there is a silver lining, it is that this spells more opportunities for home buyers, as well as real estate investors looking for rental properties.

San Antonio's economy looks like it will stay in good shape for the foreseeable future. In November, the San Antonio area added new 2,400 jobs, and the unemployment rate fell to 6.8%. The San Antonio Metropolitan Statistical Area's real gross product is expected to grow by 4.42% annually to more than $80.55 billion in 2014.

People continue to move to the area for jobs and military transfers. The population is expected to increase by 1.94% per year to top 2.28 million in the next four years. That is an increase of about 209,000 residents. Wages are expected to increase by 5% annually, and according to the Perryman Group's study, approximately 104,700 new workers will be added to local payrolls.

Photo of the back of the Alamo by friend, and mother-to-be soon, Jill Brandenburg

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The San Antonio housing market is tilted towards buyers -- and sellers

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Bad MLS photos: come on, agents, would it kill you to use a flash?

 

Robin Rogers, Realtor, Broker-owner, ABR, TRC, CRS

Also Cat Owner, Photographer, Smartass, Aspiring World-Class Drummer

Silverbridge Realty Why not subscribe to this lovely blog?

Posted by

Melissa Anderson
Texas Loan Officer

210-849-9030 cell

NMLS 206672

Amcap Mortgage

email: yourtexaslender@gmail.com

 

 

Comments (2)

David Krushinsky
Reasy Financial LLC - Peoria, AZ
AZ MB-1044208 MLO NMLS #202115

Happy New Year Melissa!  I hope you have a wonderful evening.

Dec 31, 2009 12:17 PM
John Rakoci
Eagle Realty - North Myrtle Beach, SC
North Myrtle Beach Coastal Carolinas

Happy New Year Melissa. May 2010 be your best year ever!

Dec 31, 2009 12:43 PM