San Antonio Texas, recession proof?

     

 

 

 

   There was an interesting article in the San Antonio Express News the other day stating that San Antonio doesn't suffer from the recession, as far as the housing market goes.  It also should be noted that the homes in San Antonio rise about 4% a year in value.  That is considered a good appreciation rate!  Our market has dipped in some areas however in others, take New Braunsfel, it rose 1% over the last quarter.  The Northwest side, near Lackland AFB, rose about 42%!  Wow what a recession.  If you're in the market for a nice home that's reasonably priced then I say San Antonio is the place to be!!  We also only have about a 1% foreclosure rate and our unemployment rate is extremely low!!  Jobs are a plenty in good ole San Antonio (and you can catch a Spurs game for a reasonable price).

Who do you know looking to buy or sell in the San Antonio area?

Frank Bailey

 
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3 Comments on San Antonio Texas, recession proof?

It's been about a month and we're still going strong in the San Antonio area.  This really is the best time to be a home buyer in the San Antonio area.

06/11/2008 12:15 AM by Frank Bailey (Prudential Classic Realty)

Great post Frank.  Have a great year.

Zibby Swieca

06/24/2008 05:09 PM by Zibby Swieca TREC LIC #9645 (Rockway San Antonio Home Inspection Inc.)

Thanks Zibby hopefully we can work together in the future.

06/24/2008 05:14 PM by Frank Bailey (Prudential Classic Realty)

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Real Estate Agent: Frank Bailey (Prudential Classic Realty)
Frank Bailey
San Antonio, TX
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Prudential Classic Realty

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