10 February 2010 San Antonio Real Estate News You Can Use

Quote Of the Day:  "Rumor travels faster, but it don't stay put as long as truth."  - Will Rogers

San Antonio Happenings: 

Chocolate Day - Saturday, February 13 at the San Antonio Botanical Garden. Chocolate fans of any age, this is for you! We're celebrating our annual Chocolate Day on Saturday, February 13 with special chocolate "flavored" activities from 10 am - 2 pm. Have some coco-licious fun while learning a thing or two about one of the most cherished sweets of all time!  Click here for info.

San Antonio Stock Show and Rodeo - February 4 - 21.  Click here for info.

Realty News, Views, & Opinions: 

If you're closely following San Antonio's realty market, you've no doubt noted a fairly consistent news, views, and opinions trend.  Just about everybody who should know is predicting an exceptionally lively late winter and early spring Alamo City area residential sales season.  Are they right on or just piling on unfounded marketing hype? 

Of course, since it hasn't happened yet, the success of this year's early high season market remains to be seen.  That said, there are an exceptional number of positive indicators in play right now.  Briefly, they are:

• Two home purchase Federal tax credits - the extended up to $8000 credit for first time home buyers and the new $6500 credit for move up home buyers - will likely have significant impact on closed sales through June.
• Mortgage interest rates remain at close to record lows.
• FHA mortgage loan seekers will be rushing to purchase their homes before FHA loans become more expensive and harder to acquire due to new FHA lending policies scheduled to take effect in the spring or early summer.  Click here for a nice USA Today article explaining the new rules.
• The Base Realignment and Closing Program will reward Military City USA with a larger than usual influx of military members and their families seeking good places to live. 
• San Antonio's home prices are exceptionally stable and affordable.
• San Antonio's economy is growing.
• Recently, San Antonio has been recognized by many reliable economists as one of the Nation's inflation proof cities.

So, what's to be believed?  Although San Antonio's late winter and early spring realty market has yet to be proven, considering the positive indicators, it's highly likely to be a boomer!

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Please visit our sanantoniohomequest.com website for all your San Antonio realty research needs.

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, please call us at (210) 863-2661 or (210) 867-8763, or E-mail us at swkrealtor@aol.com or kelleybus@aol.com. Our Realty Solutions Team is always ready to help you with your San Antonio area home buying or selling needs.