We are so grateful to be getting out of the grip of the cold weather that has kept prospective Buyers at home for the past few weeks. The phone continues to ring, but we are not seeing showings up to the usual level for this time of the year. Of course, this happens anytime it is really cold (by San Antonio standards), really hot, or raining like crazy. We are expecting the weather and the market to warm up soon.
Today, the San Antonio Business Journal proclaimed that unemployment in the San Antonio area is down to 7.3% (Texas overall is at 8%, while the national unemployment is at 9.1%) You can read it here: San Antonio Business Journal Article
That good news, coupled with people receiving their year-end brokerage statements (they pretty much have to look at that one and it's certainly a different picture overall than at this time last year), may give us an early spring market upswing.
At the upper end of the market people are busy getting their tax documents together, so they are a bit preoccu
pied (the self-employed have to prepare more paperwork), so it usually takes a bit longer for them to start physically viewing homes. At the lower end, Buyers are already talking about using their tax refunds to get into a house. Their biggest hurdle will be getting qualified with the more demanding lending standards. By mid-March we should be seeing more activity across the price range and we're all looking forward to seeing Buyers and Sellers move on with their lives.
pied (the self-employed have to prepare more paperwork), so it usually takes a bit longer for them to start physically viewing homes. At the lower end, Buyers are already talking about using their tax refunds to get into a house. Their biggest hurdle will be getting qualified with the more demanding lending standards. By mid-March we should be seeing more activity across the price range and we're all looking forward to seeing Buyers and Sellers move on with their lives.Have a wonderful week!
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