Here’s an excellent San Antonio Express News article about Bexar County/San Antonio foreclosures.
http://www.mysanantonio.com/business/real_estate/Investors_exotic_loans_add_to_foreclosures.html
Foreclosures are an opportunity to acquire an affordable realty investment, but you have to know the process and understand the risks. For reliable San Antonio area realty services (including foreclosure advice or assistance), call on the SanAntonioHomeQuest.com Realty Solutions Team. You can contact us at kelleybus@aol.com or at (800) 201-9145 or (210) 863-2661
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Monday, February 23, 2009
Friday, February 20, 2009
February 2009 San Antonio Realty Market Report
As of Friday, 20 February 2009, here’s what sellers and buyers need to know about San Antonio’s residential realty market.
Homes For Sale - 11922
Average List Price — $266,549
Average Days On the Market — 165
Under Contract (Closing Scheduled) - 1437
The “for sale” home INVENTORY remains HIGH, and is projected to increase during the spring marketing season.
CLOSED SALE PRICES are HOLDING STEADY.
The market FAVORS BUYERS, however, reasonably priced and well prepared new and resale homes continue to sell well.
In November and December 2008, home builders were offering greatly enhanced buyer incentives in hopes of selling off their new home inventory before the New Year. It appears that their efforts were successful because the new home inventory is now very low. Consequently, the homebuilders are offering fewer buyer incentives this month.
Note that it’s always prudent to diligently check out the incentives offered by the builders and particularly the loans offered by the builders’ affiliated lenders. Before signing a sales agreement, a buyer should seek the help of a Realtor ® to verify (1) that the property is reasonably priced and (2) that the lender is offering the most favorable loan, with the best interest rate, for the lowest settlement cost.
For San Antonio, the ECONOMIC DOWNTURN IMPACT is MINIMAL TO MODERATE. Beginning in November 2008, San Antonio’s realty market was much slower than projected for the season. The downturn continued through December, however market activity picked up again in January 2009 and is likely to take on an even more accelerated pace, particularly in March, April, and May.
AFFORDABLE MORTGAGE AVAILABILITY is EXTREMELY HIGH. Interest rates are historically low and lenders are aggressively seeking qualified buyers. A 620 credit score is acceptable to qualify for some types of mortgages. FHA insured mortgages are particularly popular.
San Antonio continues to receive high marks as one of the nation’s top realty markets based on the area’s high employment rate, population growth, and better-than-average price appreciation.
While most of the metropolitan area offers exceptionally good home buying and selling opportunities, there are some areas experiencing serious home marketing challenges. Consequently, anyone relocating to the San Antonio area or contemplating selling a San Antonio home in 2009 should seek a Realtor’s (R) advice and assistance.
Do you have realty questions? Do you need home buying or selling advice or assistance? Do you need mortgage loan advice? Look to the SanAntonioHomeQuest.com Realty Solutions Team to answer all your realty needs. Our never ending goal is to serve you exceedingly well.
Our team members are Randy&Stephanie Kelley & Tara Kelley-Guariglia, Realtors® at Keller Williams Legacy, telephone toll free (800) 201-9145, or (210) 867-8743 for Stephanie, (210) 863-2661 for Randy, and (210) 792-8726 for Tara.
Homes For Sale - 11922
Average List Price — $266,549
Average Days On the Market — 165
Under Contract (Closing Scheduled) - 1437
The “for sale” home INVENTORY remains HIGH, and is projected to increase during the spring marketing season.
CLOSED SALE PRICES are HOLDING STEADY.
The market FAVORS BUYERS, however, reasonably priced and well prepared new and resale homes continue to sell well.
In November and December 2008, home builders were offering greatly enhanced buyer incentives in hopes of selling off their new home inventory before the New Year. It appears that their efforts were successful because the new home inventory is now very low. Consequently, the homebuilders are offering fewer buyer incentives this month.
Note that it’s always prudent to diligently check out the incentives offered by the builders and particularly the loans offered by the builders’ affiliated lenders. Before signing a sales agreement, a buyer should seek the help of a Realtor ® to verify (1) that the property is reasonably priced and (2) that the lender is offering the most favorable loan, with the best interest rate, for the lowest settlement cost.
For San Antonio, the ECONOMIC DOWNTURN IMPACT is MINIMAL TO MODERATE. Beginning in November 2008, San Antonio’s realty market was much slower than projected for the season. The downturn continued through December, however market activity picked up again in January 2009 and is likely to take on an even more accelerated pace, particularly in March, April, and May.
AFFORDABLE MORTGAGE AVAILABILITY is EXTREMELY HIGH. Interest rates are historically low and lenders are aggressively seeking qualified buyers. A 620 credit score is acceptable to qualify for some types of mortgages. FHA insured mortgages are particularly popular.
San Antonio continues to receive high marks as one of the nation’s top realty markets based on the area’s high employment rate, population growth, and better-than-average price appreciation.
While most of the metropolitan area offers exceptionally good home buying and selling opportunities, there are some areas experiencing serious home marketing challenges. Consequently, anyone relocating to the San Antonio area or contemplating selling a San Antonio home in 2009 should seek a Realtor’s (R) advice and assistance.
Do you have realty questions? Do you need home buying or selling advice or assistance? Do you need mortgage loan advice? Look to the SanAntonioHomeQuest.com Realty Solutions Team to answer all your realty needs. Our never ending goal is to serve you exceedingly well.
Our team members are Randy&Stephanie Kelley & Tara Kelley-Guariglia, Realtors® at Keller Williams Legacy, telephone toll free (800) 201-9145, or (210) 867-8743 for Stephanie, (210) 863-2661 for Randy, and (210) 792-8726 for Tara.
1961 Lou Ann For Sale Near Randolph AFB & Fort Sam Houston
1961 Lou Ann, New Braunfels, TX, is a truly exceptional executive property, complete with a recently installed swimming pool and enough land for a horse. The home is vacant and the homeowner is highly motivated to consider all reasonable offers, so don't miss the opportunity to bid on this fine property. Click below for details:
http://www.sanantoniohomequest.com/MyHomeDtl.asp?lstPages=1&HomeID=801807
For reliable realty services in the San Antonio metropolitan area, call on the SanAntonioHomeQuest.com Realty Solutions Team. You can contact us at kelleybus@aol.com or (800) 201-9145 or (210) 863-2661
http://www.sanantoniohomequest.com/MyHomeDtl.asp?lstPages=1&HomeID=801807
For reliable realty services in the San Antonio metropolitan area, call on the SanAntonioHomeQuest.com Realty Solutions Team. You can contact us at kelleybus@aol.com or (800) 201-9145 or (210) 863-2661
San Antonio Realty Conditions Among Nation’s Best
Here’s good news for San Antonio area home buyers and sellers.
San Antonio Express-News - 02/20/09
Builder Magazine has named San Antonio as one of the nation’s healthiest real estate markets.
The magazine and Hanley Wood Market Intelligence looked at the 75 largest markets in the country to consider which were in the best shape using population trends, job growth, home prices and building permits as measures.Houston, Austin, Fort Worth, San Antonio and Dallas were named the top five cities in the country. “The healthiest markets have many things in common,” the magazine said. “Most of them are great places to live, either close to the ocean, mountains or major universities. Most of them didn’t have a huge run-up in prices during the boom and aren’t experiencing rampant deflation during the bust.”
_________________________________________________
For reliable realty services in the San Antonio metropolitan area, call on the SanAntonioHomeQuest.com Realty Solutions Team. You can contact us at kelleybus@aol.com or (800) 201-9145 or (210) 863-2661
Here’s good news for San Antonio area home buyers and sellers.
San Antonio Express-News - 02/20/09
Builder Magazine has named San Antonio as one of the nation’s healthiest real estate markets.
The magazine and Hanley Wood Market Intelligence looked at the 75 largest markets in the country to consider which were in the best shape using population trends, job growth, home prices and building permits as measures.Houston, Austin, Fort Worth, San Antonio and Dallas were named the top five cities in the country. “The healthiest markets have many things in common,” the magazine said. “Most of them are great places to live, either close to the ocean, mountains or major universities. Most of them didn’t have a huge run-up in prices during the boom and aren’t experiencing rampant deflation during the bust.”
_________________________________________________
For reliable realty services in the San Antonio metropolitan area, call on the SanAntonioHomeQuest.com Realty Solutions Team. You can contact us at kelleybus@aol.com or (800) 201-9145 or (210) 863-2661
Tuesday, February 03, 2009
Home For Sale Near Randolph AFB & Fort Sam Houston
Click here to see a truly remarkable find for someone looking for a home with elbow room within a comfortable commuting distance to Randolph AFB and Fort Sam Houston.
http://www.sanantoniohomequest.com/MyHomeDtl.asp?lstPages=1&HomeID=801807
It’s a truly exceptional executive property, complete with a recently installed swimming pool and enough land for a horse. The home is vacant and the homeowner is highly motivated to consider all reasonable offers, so don’t miss the opportunity to bid on this fine property.
Please contact me if you have San Antonio area realty questions or need real estate or mortgage loan advice or assistance; and, when you’re ready to visit this or any other San Antonio listing, contact me and I’ll give you a guided home tour.
Randy Kelley, Realtor(R)
sanantoniohomequest.com
Keller Williams Legacy
San Antonio, Texas
(800) 201-9145 or (210) 863-2661
kelleybus@aol.com
http://www.sanantoniohomequest.com/MyHomeDtl.asp?lstPages=1&HomeID=801807
It’s a truly exceptional executive property, complete with a recently installed swimming pool and enough land for a horse. The home is vacant and the homeowner is highly motivated to consider all reasonable offers, so don’t miss the opportunity to bid on this fine property.
Please contact me if you have San Antonio area realty questions or need real estate or mortgage loan advice or assistance; and, when you’re ready to visit this or any other San Antonio listing, contact me and I’ll give you a guided home tour.
Randy Kelley, Realtor(R)
sanantoniohomequest.com
Keller Williams Legacy
San Antonio, Texas
(800) 201-9145 or (210) 863-2661
kelleybus@aol.com
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