San Antonio continues to be on the rise as far as housing and jobs go!  My broker sent out some interesting information that I felt I should share:  If this isn't a reason for you to take advantage of an ideal situation, then nothing will ever be.   Take advantage, this is an opportunity you shouldn't ignore.

 MARKET OVERVIEW
San Antonio housing market is on the leading edge of recovery, although new credit and
underwriting guidelines have disqualified many willing buyers, and others who are
otherwise qualified parked on the sidelines until the national media states this is a
national problem opposed to San Antonio, and Texas, which in general is still moving
forward.
According to the Metro study's (Jack Inselman) current phase of single-family
construction activity totaled 11,445 annual starts, and 14,527 annual closings (one of the
ten most active markets in the US.)
As of March 2008, San Antonio is ranked ninth in job growth with 18,900 jobs gained
(2.3%).
According to the latest figures released by the Office of Federal Housing Enterprise,
oversight (OFHEO) in 2007, San Antonio home appreciation rate of 8.3%
Job Growth
2005 - 33,100
2006 - 26,500
2007 - 18,800
2008 - 15,000 to 20,000 (Forecast)
New home inventory, first quarter 2008 - 6,528 units
Vacant developed lots
28,033 - 29.4 month supply
MLS
MLS - Active Listings - 12,876
SOLDS - March 2008 1,497
Avg. List Price $233,589 up 9%
Avg. Closed Price $199,218 up 6%
Median Closed Price $155,000 up 5%
Prudential Classic Realty
Research Department
May 22, 2008