March 2012 San Antonio Homes For Sale Report

We’re having an unusually early spring this year in South Texas.

The signs of springtime are abundantly evident all around the Alamo City and the nearby Texas Hill Country and South Texas Plain. Flowers are blooming, birds are singing, and the residential real estate market is going CRAZY!

It’s easy to see why. The area’s economic foundation is exceptionally strong as evidenced recently by San Antonio being ranked by the Bureau of Labor Statistics as being among the top 10 metros with the greatest projected job growth through 2020.

It’s a fact. Texas is currently the Nation’s leading economic powerhouse and San Antonio and South Texas are a major contributor to the state’s economy, growth, and stability. The area’s oil and natural gas fields, health care industry, Air Force and Army complexes, tourist attractions, commercial activities, and service sector are generating historically high demographic and economic growth for the Alamo City and surrounding communities.

A vibrant economy drives home sales. Entering March 2012, average San Antonio area residential list prices are up 6.7% over March 2011, pending sales are up 10.81% and the latest closing prices are up 1.39%.

Remarkably, the homes-for-sale inventory is down 13.15% - the lowest March inventory since 2006. With only a 6.5 months inventory on hand, the home sales market is roughly balanced, offering a negotiation advantage to neither buyer nor seller.

That’s the good news for our March 2012 San Antonio realty market report. We encourage reader comments and recommendations about how to make our reports more informative and useful.

We’re Stephanie and Randy Kelley, Realtors® at Keller Williams Legacy, San Antonio, Texas.

If you have questions, need San Antonio realty or mortgage loan advice or assistance, or just want to chat a bit about our wonderful Alamo City, please call us at (210) 863-2661 (Randy) or (210) 867-8743 (Stephanie), or email us at swkrealtor@aol.com or kelleybus@aol.com.

Our SanAntonioHomeQuest.com Realty Solutions Team is always ready to help you with your home buying or selling needs.

Settlement Provides $287 Million In Texan Mortgage Relief

If you're looking to buy or sell a San Antonio area home, visit sanantoniohomequest.com .

Posted Feb 11, 2012 By the Texas Association Of Realtors®

As part of a settlement between 49 states and five of the nation's largest banks, some struggling Texas homeowners will receive restructured loans with lower mortgage payments. Others who already went through foreclosures may get $2,000 checks.

The $25 billion deal, agreed to by all U.S. states except Oklahoma, stems from inappropriate handling of foreclosures by Ally/GMAC, Bank of America, Citigroup, Jp Morgan Chase, and Wells Fargo. Nine other institutions may become part of the agreement, pushing the national settlement total $5 billion higher.

Many mortgage lenders admitted to inappropriate activities in processing foreclosures, including failing to verify underlying documents, signing documents without reviewing them, and using fictitious names to sign documents.

The settlement prevents states from suing the mortgage lenders for these activities. However, it does not stop individual homeowners from pursuing legal remedies in civil court.

The fact that Texans will receive only about 1% of the total settlement despite the state's large population may be a result of the low foreclosure rate in Texas --- less than half the national average according to Core Logic.

People eligible for the loan modifications or payments will receive letters over the next six to nine months. More information is available at http://www.nationalmortgagesettlement.com/ and from an FAQ by the Texas Attorney General's Office .

Homes For Sale Near Randolph AFB And Ft. Sam Houston

This fine listing comes from David Saenz, Keller Williams Legacy, San Antonio, Texas. It's near Randolph Air Force Base and Fort Sam Houston and close to the major roads leading to downtown San Antonio, New Braunfels, and Lackland AFB. Click to SanAntonioHomeQuest.com to see pictures and specifics.

Contact us for more information or an appointment to visit this listing or any residential property for sale in the neighborhoods around Lackland AFB, Randolph AFB, Medina Annex, Kelly AFB, and Camp Bullis, TX.

Ask us abour your eligibility for our Public Service Reward Program For San Antonio Home Buyers. It could mean up to a $1,550 contribution to your home purchase closing costs.

We are Stephanie and Randy Kelley, Real Estate Analysts and Negotiators

kelleybus@aol.com or swkrealtor@aol.com

(210) 863-2661 or (210) 867-8743

Keller Williams Legacy, San Antonio, Texas

February 2012 San Antonio Real Estate Market Report

It's hard to argue with the numbers and everywhere we look the numbers are up for San Antonio's economy and housing market.

Why not?

We're situated at the front gate of the highly lucrative and rapidly growing Eagle Ford shale oil boom.

Each month, we're growing or attracting a diverse mix of new and relocating businesses.

We have a relatively low unemployment rate when compared to America's other large metropolitan areas and the nation in general.

Population growth is steady and well supported by the local economic, health and government services infrastructures.

So, what does such favorable economic news mean for San Antonio home buyers and sellers?

In January, we were seeing signs of an impressive 2012 sales year for both the residential construction and resale housing markets. Now, in early February, thanks to the aforementioned factors coupled with historically low mortgage interest rates, we are experiencing an exceptionally active early winter realty sales season.

Just look! Here's the picture in and around San Antonio as of 4 February 2012:

Reasonably priced and well prepared resale homes are selling exceptionally well and new home builders are responding to better conditions by producing a larger inventory of production homes.

There are 9, 913 homes listed for sale compared to 11,399 one year ago.

The listings inventory is exceptionally low but will likely trend steadily upward as late winter/early spring listings are brought to market.

For the time being, the market has drifted into the 6 months supply range, reflecting a balanced market (a condition not seen in San Antonio for many years). A balanced market favors neither buyers nor sellers.

The average sales price for the most recent closings is $179,728 compared to last year's $187,762.

Nonetheless, closed sale prices are steadily rising - a trend likely to continue through the higher paced late winter/spring and summer home selling seasons. That's a good sign for sellers.

Average cumulative-days-on-the-market (CDOM) for the most recent sales is 147 compared to 137 last year. A continuing downward trend is expected. That's a positive sign for home sellers and the San Antonio realty market generally.

Industry analysts see these data as reflecting a basically balanced housing market that is more likely than not to soon favor sellers over buyers.
　
That's all for our February 2012 San Antonio realty market report.

We encourage reader comments and recommendations about how to make our reports more informative and useful.

We're Stephanie and Randy Kelley, Realtors® at Keller Williams Legacy, San Antonio, Texas.
If you have questions, need San Antonio realty or mortgage loan advice or assistance, or just want to chat a bit about the wonderful Alamo City, please call us at (210) 863-2661 (Randy) or (210) 867-8743 (Stephanie), or email us at swkrealtor@aol.com or kelleybus@aol.com.

Our SanAntonioHomeQuest.com Realty Solutions Team is always ready to help you with your home buying or selling needs.

San Antonio's Best Companies To Work For

On top of the recent spate of highly favorable economic reports, there's more good news for the San Antonio business community and for those seeking the best companies to work for in the Alamo City.

Each year, Fortune Magazine publishes its list of the 100 Best Companies to Work For and, this year, three leading San Antonio corporations have made the list.

NuStar Energy is ranked number 15.

USAA is ranked number 20.

Rackspace Hosting is ranked number 74.

This brief blog is brought to you by the SanAntonioHomeQuest.com Realty Solutions Team. If you're looking to buy or sell a San Antonio area home, or have questions about residential realty communities in communities near area employers, please contact us.

Visit our world class residential listings search engine here:

http://www.sanantoniohomequest.com/ext-search-listings.asp

Stephanie and Randy Kelley

Professional Real Estate Analysts and Negotiators

kelleybus@aol.com or swkrealtor@aol.com

(210) 863-2661 or (210) 867-9743

The http://sanantoniohomequest.com Realty Solutions Team

Keller Williams Legacy, San Antonio, Texas

Public Service Home Buyer Rebate Offer

If you're an active duty or retired uniformed services member, a uniformed services veteran, or active or retired teacher, government civil service, or public service employee, you are eligible for SanAntonioHomeQuest's Public Service Home Buyer Rebate Program.

Our calendar year 2012 program is offered to qualified buyers using our home buyer representation services to close on the purchase of a newly constructed or resale home on or before 30 April 2012.

SanAntonioHomeQuest's Public Service Home Buyer Rebate Program is very similar to USAA's Mover's Advantage Program.

Here's what it's worth to you:

Home Purchase Price Rebate

$1-$99,999 $ 350

$100,000-$149,999 $ 650

$150,000-$249,999 $ 950

$250,000-$399,999 $1250

If you want detailed information about the program, please contact a member of our team telephonically, via email, or by filling out the buyer info at http://www.sanantoniohomequest.com/buyer-info.asp (mention Rebate Program in Additional Information).

We're Stephanie and Randy Kelley, Realtors® at Keller Williams Legacy, San Antonio, Texas. Contact us at (210) 863-2661 for Randy, or (210) 867-8743 for Stephanie, or email us at swkrealtor@aol.com or kelleybus@aol.com. Our broker is Steven Gragg at (210) 482-3200.

This beautiful newly constructed Plantation Homes listing is within easy commute to Randolph Air Force Base, Fort Sam Houston, and the shopping and entertainment centers in San Antonio and New Braunfels.

Go to SanAntonioHomeQuest to see more pictures and details.

Contact us for more information or an appointment to visit this or any residential property for sale in the San Antonio, Bulverde, Randolph Air Force Base, and Fort Sam Houston area.

If you are a public service home buyer, visit our 2012 public service reward program to see how it pays you to use our services.

Stephanie & Randy Kelley

Real Estate Analysts and Negotiators

kelleybus@aol.com

(210) 863-2661 or (210) 867-8743

The http://sanantoniohomequest.com Realty Solutions Team

Keller Williams Legacy