Yesterday the San board of Realtors held its annual housing outlook forecast and optimism was the key word by the most of the speakers.
Home inventory was at a record low of 3.3 months in November (with an industry suggested perfect balance between buyers and sellers generally viewed as 6 months).
One note of concern is that mortgage rates may increase by a quarter, half even up 1 % rate jump this year. But even these higher rates remain historically lower than rates from the past 50 years.
The Alamo city market is affordable but starter homes are getting harder for 1st time buyers to find.
Nonetheless, they constitue approximately 50% of all San Antonio home sales.
Our $ 300,000 - $ 500,000. price home sales from 2006 to 2016 almost tripled going from 1,874 to
5,014. And homes sold at between 1-2 million dollars went from just 47 to 123.
All in All San Antonio continues to be a wonderful place to live, work, enjoy family and friends and
live a wonderful quality of life.
Clark Niblock
#SanAntoniosBestRealtors
210 416 5940
RESupermen.com
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