San Antonio Faces Possible Shortage Of Homes For Sale In January 2014

When it comes to home buyers finding a lot of homes for sale this coming January, they may be disappointed.  That's because December 2013 is seeing too few new and resale homes coming on the market while, at the same time, an unusually high number of holiday season buyers are snapping up the already limited inventory.

Currently, San Antonio's homes for sale inventory is at a level not seen since December 2006.  The population of the San Antonio metropolitan area has grown enormously since then.  It's a trend that's projected to continue through 2014 and beyond.  Consequently, unless more homes come on the market soon,  demand for housing could easily outstrip supply when the more active late winter/early spring market kicks in.

Here's the situation as of 18 December 2013.  There were only 8,007 single family detached homes for sale in San Antonio, but 1,826 of those homes were already under contract, leaving only 6,181 homes not spoken for.  That's only a 3.1 months supply of available homes for sale, and that figure is inching down daily. Unless more new listings come on the market soon, San Antonio looks to have a housing shortage in 2014 similar to that experienced in Austin and Houston this year.

So, what are the implications?

When demand outpaces supply, home prices are destined to rise and competition for available inventory will become exceptionally keen.  That's a welcome trend for home sellers, but will prove unwelcome and possibly daunting for home buyers seeking the best bargaining position.  Short market time, high competition for the best homes and multiple simultaneous offer situations will likely ensue.

In light of these developments, the realty community advises prospective sellers to get their homes on the
market as soon as possible and prospective buyers to launch their home search and make their purchase before the area locks into a very strong seller's market this spring and summer.

This article is brought to you by the members of the SanAntonioHomeQuest.com Realty Solutions Team, Keller Williams Legacy, San Antonio, Texas.

Visit our website or call us for the best advice about, and assistance with, your San Antonio home buying or selling needs.   Contact Stephanie Kelley, Realtor®, GRI, ABR, CRS, E-Pro at (210) 867-8743 or Randy Kelley, Realtor®, at (210) 863-2661.  

Visit Mike's In The Village For One Of The Finest Restaurants In North San Antonio

Looking to buy or sell a San Antonio, Texas, area home.  Visit sanantoniohomequest.com. Looking for great restaurants in the northern San Antonio are, see the following from Mikes In The Village. Dear Friends, This weekend we have some delicious specials including Poblano Bisque, Scallop Appetizer, Oyster Appetizer, Crawfish Cornbread Stuffed Quail and 32 oz Bone-In Ribeye. We are the perfect choice for your holiday catering needs. From holiday luncheons and company parties to catered events and gift baskets, our services keep the jolly in your holiday. Click here to learn more. Spend New Year’s Eve at Mike’s in the Village. We will be offering our regular menu and wonderful Chef Mike inspired specials. Call 830-438-2747 or click here to make your reservation today! Bon Appétit, Chef Mike PS - We will be closed on December 25, December 26 and January 1 to celebrate the holidays with our families.

Having trouble viewing the message below? View as a webpage

Mike's In The Village | 2355-3 Bulverde Road | Bulverde, TX 78163

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December 2013 San Antonio Home Sales Report

Our December 2013 San Antonio Home Sales Report is brief and to the point.

The opening of this year's holiday season sees the closing out of the most active San Antonio home sales market since the record breaking 2006 home sales year.

Although December is typically the low season for realty activity in-and-around the Alamo city, if the current trend continues, our market promises to produce a near historic high number of home sales for December.

Although there are many factors contributing to the upward home sales trend, there is universal agreement that the prime reason for our robust residential sales market is the economic boom created by the nearby south Texas Eagle Ford shale oil and gas play.

As seen by the following key indicators, San Antonio's healthy oil driven economy has had a dramatic effect on area home sales.

As of 8 December 2013, compared to 8 December 2012 -

• the number of homes under contract is up 2.79%,
• the average home list price is up 13.63%,
• the most recent average home sale price is up 8.91%,
• the average time to sell a home is down 11.93%,
• the homes for sale inventory is down 10.8%.

So, what does this mean for San Antonio area home sellers and buyers this month, through the winter, and into next spring?

Although industry analysts see the data as reflecting a housing market very strongly favoring sellers, buyers can take heart in knowing that mortgage interest rates remain low and the average quality San Antonio home remains highly affordable when compared to a comparable home in the nation's other large metropolitan area markets.

That's all for our December, 2013 San Antonio realty market report other than our wishing you a merry Christmas, happy holidays, and happy new year.

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

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

Please visit our sanantoniohomequest.com website for reliable residential realty advice and assistance and a fast and easy residential listings search engine.

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).

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

 SanAntonioHomeQuest.com
Realty Solutions Team
Randy & Stephanie Kelley
 Realtors®
Keller Williams Legacy
(210) 867-8743 (Stephanie)
(210) 863-2661 (Randy)

Visit Our Other Blogs At:
 http://www.trulia.com/blog/stephanie_kelley/
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Texas Home Girl Report

Should You Sell Your San Antonio Home Now Or Just Celebrate During The 2013 Holiday Season

 

VERSUS

 SO, DO YOU SELL OR JUST CELEBRATE?

It's the Thanksgiving and Christmas holiday season 2013 in San Antonio. 

Late fall/early winter holiday season is an inconvenient time to market a home for most sellers, consequenty, prospective sellers who can affort to wait, usually opt to list after the holidays.

So, why should this year be different? 

Here are the reasons anyone who can list his or her home for sale now shouldn't wait until after the holidays.

First, in November 2013, the San Antonio area residential realty market is currently exceptionally active for the late fall home selling season. 

Second, the inventory of homes for sale is presently very very low.  There's only a 3.3 month supply of homes on the market that aren't currently under contract.  Buyers are out there looking but finding few available homes to choose from.

Third, because there are so many buyers looking at so few homes for sale, the market is frustrating buyers and favoring sellers.

Fourth, it's likely the majority of prospective sellers now waiting out the holidays will dump their homes on the market soon after the first of next year.

So, our recommendation is for prospective home sellers to get ahead of the crowd now instead of waiting for a time when there will be more homes on the market and competition for buyers will have become fierce.

We know how to best market your residential property. For the best home selling advice and assistance, visit our website at sanantoniohomequest.com  or call Stephanie Kelley at (210) 867-8743 or Randy Kelley at (210) 863-2661.   

Stephanie & Randy Kelley

Realtors®

sanantoniohomequest.com

Keller Williams Lecacy

San Antonio, Texas 78258

Steven Gragg Broker

16 November 2012 San Antonio Mortgage Rates Jump

Texas Purchase & Refinance Mortgage Rates If you're looking for reliable help buying or selling a San Antonio, Texas, area home, visit  sanantoniohomequest.com Now here is the 16 November 2013 residential mortgage rate news from Mike Clover at Homewood Mortgage, LLC. There was a Big Rate Jump after Fridays job report. I believe the numbers are skewed and we will see some rebound in the upcoming weeks. Most banks are at 4.5% currently or higher. You'll be happy with these low residential mortgage rates and low fee loans at Homewood Mortgage.  Also let your friends and family know that we will beat any deal on rates, fees and service. We are from Texas, We are operated in Texas, and We are Texas Strong!  All loans close on-time and within 30 Days or less. Refinance Rates & Purchase Rates could be lower.  Call me to discuss.  30 yr Conventional 4.375% - 0 Discount Points - 0 Origination 15 yr Conventional 3.375% - 0 Discount Points - 0 Origination 20 yr Conventional 4.25% - 0 Discount Points - 0 Origination 10 yr Conventional 3.5% - 0 Discount Points - 0 Origination 30 yr FHA 3.75% - 0 Discount Points - 0 Origination 15 yr FHA 3.25% - 0 Discount Points - 0 Origination 30 yr USDA 4.25% - 0 Discount Points - 0 Origination 30 yr VA 3.75% - 0 Discount Points - 0 Origination 15 yr VA 3.25% - 0 Discount Points - 0 Origination Jumbo 30 yr Fixed 4.625% - 0 Discount Points - 0 Origination Jumbo 15 yr Fixed 4.0% - 0 Discounts Points - 0 Origination Jumbo 7/1 ARM 3.75% - 0 Discount Points - 0 Origination Jumbo 5/1 ARM 3.25% - 0 Discount Points - 0 Origination    Your Locally Owned and Operated Texas Mortgage Banker.  * These rates are based on a estimated loan amount of $241,250 or above and roughly 4.426% to 5.649% APR depending on loan program. Rates are also subject to change without notice. FHA requires 3.5% down. Conventional requires 5% down. Jumbo requires 20% down up to $1Million. Jumbo APR is estimated 4.639% Some rates are based on a 740 credit score or higher. Some loans require lower LTV, call for details.

Services Provided: FHA VA USDA Construction Loans Conventional Jumbo Down Payment Assistance Programs Our Commitment to You: On-Time Closings Excellent Communication Call's Returned Promptly Phone Calls answered on Weekends Good Interest Rates for your Clients Reasonable Closing Costs 24/7 On-Line Applications @ www.mikeclover.com

Mike Clover Mortgage Banker Homewood Mortgage, LLC Toll FREE: 1-800-223-7409 O: 469-438-5587 F: 972-767-4370 NMLS# 234770 Web: www.mikeclover.com E-mail: mike@mikeclover.com Call for Super Service!!

San Antonio Texas Mortgage Rates For 6 November 2012

If you're looking to buy or sell a San Antonio, Texas, area home, visit  sanantoniohomequest.com Here are the 6 October 2013 home purchase and  refinance mortgage rates from Mike Clover, Mortgage Banker at Homewood Mortgage, LLC. You'll be happy with these low rate and low fee mortgage loans.  Let your friends and family know that we will beat any deal on rates, fees and service. We are from Texas, we are operated in Texas, and we are Texas strong!  All loans close on-time and within 30 Days or less. Refinance Rates & Purchase Rates could be lower... have your clients call me to discuss.  30 yr Conventional 4.125% - 0 Discount Points - 0 Origination 15 yr Conventional 3.25% - 0 Discount Points - 0 Origination 20 yr Conventional 4.125% - 0 Discount Points - 0 Origination 10 yr Conventional 3.375% - 0 Discount Points - 0 Origination 30 yr FHA 3.75% - 0 Discount Points - 0 Origination 15 yr FHA 3.25% - 0 Discount Points - 0 Origination 30 yr USDA 4.125% - 0 Discount Points - 0 Origination 30 yr VA 3.75% - 0 Discount Points - 0 Origination 15 yr VA 3.25% - 0 Discount Points - 0 Origination Jumbo 30 yr Fixed 4.5% - 0 Discount Points - 0 Origination Jumbo 15 yr Fixed 4.0% - 0 Discounts Points - 0 Origination Jumbo 7/1 ARM 3.75% - 0 Discount Points - 0 Origination Jumbo 5/1 ARM 3.25% - 0 Discount Points - 0 Origination     We are your locally owned and operated Texas mortgage banker!  * These rates are based on a estimated loan amount of $241,250 or above and roughly 4.17% to 5.809% APR depending on loan program. Rates are also subject to change without notice. FHA requires 3.5% down. Conventional requires 5% down. Jumbo requires 20% down up to $1Million. Jumbo APR is estimated 4.665% Some rates are based on a 740 credit score or higher. Some loans require lower LTV, call for details.

Services Provided: FHA VA USDA Construction Loans Conventional Jumbo Down Payment Assistance Programs Our Commitment to You: On-Time Closings Excellent Communication Call's Returned Promptly Phone Calls answered on Weekends Good Interest Rates for your Clients Reasonable Closing Costs 24/7 On-Line Applications @ www.mikeclover.com

Mike Clover Mortgage Banker Homewood Mortgage, LLC Toll FREE: 1-800-223-7409 O: 469-438-5587 F: 972-767-4370 NMLS# 234770 Web: www.mikeclover.com E-mail: mike@mikeclover.com Call for Super Service!!

2013 Texas Deer Season Finds Prime Rocksprings & Edwards County, Texas, Hunting Land For Sale

It's the 2013 hunting season in Edwards County, Texas.  Latest reports indicate hunters are finding an abundance of healthy native and exotic game on the ranches in the vicinity of Rocksprings.  If you're looking for prime Rocksprings and Edwards County hunting land  for your personal use and/or as a hunting lease investment, then see this listing at sanantoniohomequest.com or call Stephanie at (210) 867-9743 or Randy at (210) 863-2661.

$124,999

for approximately 53 acres with recent vintage travel trailer, electricity and water, 2 acres of cleared firing lanes, watering trough on site & feeding stations nearby for this year's hunting season.

Address:	Diamond Springs Ranch
City/ST:	Rocksprings,TX
Zip Code:	78299
Location:	Lot 160 & 199B, CR 230
Property Type:	Hunting Land
New or Resale:	Resale
MLS#	1000656
Property Tax:	1550
Last Updated:	11/3/2013 1:49:28 PM
Listing Agent and Office:	Stephanie Kelley, Keller Williams Legacy

November 2013 San Antonio, Texas, Residential Real Estate Market Report

 

It's autumn in South Texas. Bright beautiful days, balmy afternoons, and cooler nights herald the approaching holiday season. Residents and tourists are out and about, delighting in San Antonio's most pleasant season.
Typically, San Antonio's residential realty market also cools significantly during the fall and early winter months, however, this year, realty sales are exceptionally strong for early November and are projected to continue at a slower but still unusually brisk pace during the remainder of 2013.

In fact, this year has seen a continuation of the highly favorable home sales trend that started in the fall of 2012. Driven by low mortgage interest rates, the area's booming economy, and an influx of residential investor buyers, calendar year 2013's Alamo City area home sales record will likely come close to matching the historically high number of sales seen in 2006 and 2007.

Until recently, buyer demand has exceeded the inventory of new and resale homes and, until late summer, the home supply/demand imbalance caused both list and sale prices to rise unusually fast and the average time to sell a home to steadily fall. Now, because of the slightly slower fall selling season, those trends have stabilized.

Nonetheless, there may be significant changes in the wind. San Antonio has seen a very strong home seller's market for many months, however some realty analysts see the coming of a more balanced market for the San Antonio area in 2014. Why? It appears that the recent dramatic inflation of San Antonio home sale prices is driving too many prospective home buyers out of the market. Consequently, in the coming months, as home affordability decreases, demand will also decrease, thereby driving down sales, upping inventory and, ultimately, causing list and sales prices to fall. Only time will tell if the analysts' predictions will come true. We should know by mid-summer of next year.

That's for the future. For the time being, San Antonio home sellers hold the advantage, as shown by these key indicators for San Antonio's single family detached home sales market as of 4 November 2013:

There are 8642 homes for sale compared to 9396 one year ago. The inventory is very low but stable. The low inventory is a favorable sign for home sellers.

The average sales price for the most recent closings is $207,950, compared to last year's $199,544. That's a 4.21% average price increase and is much lower than the percentage increases seen during recent months. Although still favoring sellers, it might give prospective buyers some hope that home prices are moderating.

Average cumulative-days-on-the-market (CDOM) for the most recent sales is 90 compared to 121 days last year. CDOM data is positive for San Antonio home sellers.

That's all for our November 2013 San Antonio residential realty market report. We encourage reader comments and recommendations about how to make our reports more informative and useful.

Wishing you a peaceful Veterans Day holiday and happy Thanksgiving, we are Stephanie and Randy Kelley, Realtors ® at Keller Williams Legacy, San Antonio. If you have questions, need San Antonio area realty or mortgage advice or assistance, or just want to learn more about our wonderful Alamo City, call
(210) 863-2661 or (210) 867-8743. Our SanAntonioHomeQuest.com Realty Solutions Team is always ready to help you with your home buying or selling needs.

San Antonio, Texas, Mortgage Rates For October 25, 2013

If you're looking to buy or sell a San Antonio Area Home Visit sanantoniohomequest.com   Here Is The Texas Mortgage Rate Sheet From Homewood Mortgage   You'll be happy with these low rate and low fee residential mortgage loans. Also let your your friends and family know that we will beat any deal on rates, fees and service.   We are from Texas, We are operated in Texas, and We are Texas Strong!    All Loans close on-time and within 30 Days or less.   Refinance Rates & Purchase Rates could be lower... have your clients call me to discuss.    Happy Friday, October 25, 2013!  Rates are rocking get em locked.   30 yr Conventional 4.0% - 0 Discount Points - 0 Origination 15 yr Conventional 3.125% - 0 Discount Points - 0 Origination 20 yr Conventional 4.0% - 0 Discount Points - 0 Origination 10 yr Conventional 3.25% - 0 Discount Points - 0 Origination 30 yr FHA 3.625% - 0 Discount Points - 0 Origination 15 yr FHA 3.25% - 0 Discount Points - 0 Origination 30 yr USDA 3.875% - 0 Discount Points - 0 Origination 30 yr VA 3.625% - 0 Discount Points - 0 Origination 15 yr VA 3.25% - 0 Discount Points - 0 Origination Jumbo 30 yr Fixed 4.375% - 0 Discount Points - 0 Origination Jumbo 15 yr Fixed 4.0% - 0 Discounts Points - 0 Origination Jumbo 7/1 ARM 3.75% - 0 Discount Points - 0 Origination Jumbo 5/1 ARM 3.25% - 0 Discount Points - 0 Origination     Homewood Is Your Locally Owned and Operated Texas Mortgage Banker    * These rates are based on a estimated loan amount of $241,250 or above and roughly 4.05% to 5.695% APR depending on loan program. Rates are also subject to change without notice. FHA requires 3.5% down. Conventional requires 5% down. Jumbo requires 20% down up to $1Million. Jumbo APR is estimated 4.445% Some rates are based on a 740 credit score or higher. Some loans require lower LTV, call for details.

Services Provided: FHA VA USDA Conventional Construction Loans Jumbo Down Payment Assistance Programs Our Commitment to You: On-Time Closings Excellent Communication Call's Returned Promptly Phone Calls answered on Weekends Good Interest Rates  Reasonable Closing Costs 24/7 On-Line Applications @ www.mikeclover.com

Mike Clover Mortgage Banker Homewood Mortgage, LLC Toll FREE: 1-800-223-7409 O: 469-438-5587 F: 972-767-4370 NMLS# 234770 Web: www.mikeclover.com E-mail: mike@mikeclover.com     Call for Super Service!!

San Antonio Real Estate News

If your're looking to buy or sell a home in or around San Antonio, Texas, visit sanantoniohomequest.com.

SAN ANTONIO IN THE NEWS

As it enters 2013's holiday season,  the San Antonio metropolitan area is thriving economically and rapidly growing in size and population.

These recent reports reflect the reasons why the area is attracting so many new businesses and incoming residents.  

• Kiplinger.com projects the Alamo City area will attract 150,000 new jobs within the next 5 years.
• Trulia analysts call San Antonio the nation's fourth healthiest housing market.
• Forbes calls San Antonio the nation's number three city for new technology and number thirteen for careers and businesses.

In days past, "Gone To Texas" was the phrase used by Americans immigrating west to escape debt.  Today, San Antonio, Texas, is the preferred destination for individuals and businesses seeking opportunity and prosperity.

SANANTONIOHOMEQUEST.COM

San Antonio, Texas, Mortgage Rates for 11 October 2013

Looking to buy or sell a San Antono, Texas, area home, then visit sanantoniohomequest.com .   Now, here, the San Antonio Mortgage Rates news from Homewood Mortgage for 11 October 2013.   You'll be happy with these Low Rates & Low Fee Loans.  Also let your your friends and family know that we'll beat any deal on rates, fees and service.   We are from Texas, We are operated in Texas, and We are Texas Strong!    All Loans close on-time and within 30 Days or less. Most Loans are closing within 15 days.   Refinance Rates & Purchase Rates could be lower.  Call me to discuss.    Rates are rocking!   Have a Great Weekend!   30 yr Conventional 4.125% - 0 Discount Points - 0 Origination 15 yr Conventional 3.25% - 0 Discount Points - 0 Origination 20 yr Conventional 4.125% - 0 Discount Points - 0 Origination 10 yr Conventional 3.375% - 0 Discount Points - 0 Origination 30 yr FHA 3.75% - 0 Discount Points - 0 Origination 15 yr FHA 3.25% - 0 Discount Points - 0 Origination 30 yr USDA 4.125% - 0 Discount Points - 0 Origination 30 yr VA 3.75% - 0 Discount Points - 0 Origination 15 yr VA 3.25% - 0 Discount Points - 0 Origination Jumbo 30 yr Fixed 4.625% - 0 Discount Points - 0 Origination Jumbo 15 yr Fixed 4.0% - 0 Discounts Points - 0 Origination Jumbo 7/1 ARM 3.75% - 0 Discount Points - 0 Origination Jumbo 5/1 ARM 3.25% - 0 Discount Points - 0 Origination     Your Locally Owned and Operated Texas Mortgage Banker    * These rates are based on a estimated loan amount of $241,250 or above and roughly 4.17% to 5.809% APR depending on loan program. Rates are also subject to change without notice. FHA requires 3.5% down. Conventional requires 5% down. Jumbo requires 20% down up to $1Million. Jumbo APR is estimated 4.771% Some rates are based on a 740 credit score or higher. Some loans require lower LTV, call for details.

Services Provided: FHA VA USDA Construction Loans Conventional Jumbo Down Payment Assistance Programs Our Commitment to You: On-Time Closings Excellent Communication Call's Returned Promptly Phone Calls answered on Weekends Good Interest Rates Reasonable Closing Costs 24/7 On-Line Applications @ www.mikeclover.com

Mike Clover Mortgage Banker Homewood Mortgage, LLC Toll FREE: 1-800-223-7409 O: 469-438-5587 F: 972-767-4370 NMLS# 234770 Web: www.mikeclover.com E-mail: mike@mikeclover.com     Call for Super Service!!

 

San Antonio Homes For Sale Report October 2013

Like the weather, San Antonio's realty "hot season" typically ends in September. In October, falling leaves and falling temperatures are accompanied by falling home sales activity.

It's to be expected. San Antonio's realty market usually runs in a predictable seasonal cycle. The lowest sales month is January, the higher sales season kicks off in March and usually peaks in June, and, after school starts in August, the market draws down in a leisurely fashion through the fall and early winter months.

But, so far, this year's cycle has hardly been typical. Home sales peaked very early - in May. The market remained highly active throughout the summer, with sales volume approaching the pre-Great Recession historic highs of 2006 and 2007. Now, in October, homes sales are trending downward on a scale more characteristic of a typical off season San Antonio market.

A recent survey of San antonio realty agents revealed some interesting observations about the future of the area's near term housing market. Many agents saw a slowing trend caused by buyer concerns about rising mortgage interest rates, increasingly stringent loan qualification requirements and continuing concerns about the slowness of the nation's economic recovery.

Other agents were much more optomistic, citing the strength of San antonio's economy, increased demand from buyers exiting the area's rental market, and a rush by buyers to purchase a home before rising mortgage interest rates hit 5% .

Setting aside local concerns, respected state and national level realty analysts are confident that, barring unforeseen factors, San Antonio's realty market will breeze through the expected seasonal cool-down and come back even stronger in the spring.

Why?

The area's job growth is excellent.

Its unemployment rate is relatively low.

San Antonio/Bexar County is first in the state and fourth in the nation for the largest net inflow of households — a total of 5,601 families in 2012.

Recognizing that San Antonio is one of the nation's top 25 cities for global trade, many corporations are relocating their operations and/or headquarters to San Antonio.

Just south of the city, the developing Eagle Ford shale oil fields are fueling an economic boom.

The Alamo City's financial, service sector, military, bioscience, and medical establishments are strong and fully capable of providing the stable economic environment needed to encourage and sustain small and large business development.

So, what does this mean for San Antonio home sellers and buyers? Looking at the relevant market statistics for single family detached homes as of 7 October 2012:

There were 8792 active listings, compared to 9686 one year ago. The inventory is decreasing slowly. That's a good sign for home sellers.

The average sales price for the most recent closings was $207,484, compared to last year's $193,643. The 7.15% sales price increase is a significantly positive sign for home sellers.

Average cumulate-days-on-the-market (CDOM) for the most recent sales was 92 compared to 111 last year. That's another positive sign for San Antonio home sellers.

Industry analysts see these data as reflecting a strong sellers' market.

Although exceptionally positive for home sellers, the news is also good for home buyers because San Antonio homes remain remarkably affordable when compared to homes in the nation's other large metropolitan areas.

That's our October 2013 San Antonio realty market report. We encourage reader questions, comments, and suggestions for making this monthly report more relevant and informative.

Wishing you a happy halloween and a wonderful October 2013, we are Stephanie and Randy Kelley, Realtors ® at Keller Williams Legacy, San Antonio. If you have questions, need San Antonio area realty or mortgage advice or assistance, or just want to chat, call (210) 863-2661 or (210) 867-8743. Our SanAntonioHomeQuest.com Realty Solutions Team is always ready to help you with your home buying or selling needs.

San Antonio Mortgage Rates 18 September 2013

Looking to buy or sell a San Antonio, Texas Home -- visit sanantoniohomequest.com. Here are the September 18, 2013, San Antonio Mortgage Rates from Homewood Mortgage, LLC Texas Mortgage Rates Save  money with our Low Rate and Low Fees guarantee. We'll  get you closed within 15 days or less! Don't  pay high rates and high fees. Tell your family and friends. We're your Texas Owned & Operated Mortgage Banker    30 yr Conventional 4.5% - 0 Discount Points - 0 Origination 15 yr Conventional 3.5% - 0 Discount Points - 0 Origination 20 yr Conventional 4.375% - 0 Discount Points - 0 Origination 10 yr Conventional 3.75% - 0 Discount Points - 0 Origination 30 yr FHA 4.125% - 0 Discount Points - 0 Origination 15 yr FHA 3.75% - 0 Discount Points - 0 Origination 30 yr USDA 4.625% - 0 Discount Points - 0 Origination 30 yr VA 4.25% - 0 Discount Points - 0 Origination 15 yr VA 3.75% - 0 Discount Points - 0 Origination Jumbo 30 yr Fixed 4.75% - 0 Discount Points - 0 Origination Jumbo 15 yr Fixed 3.75% - 0 Discounts Points - 0 Origination Jumbo 10/1 ARM 4.375% - 0 Discount Points - 0 Origination Jumbo 7/1 ARM 3.75% - 0 Discount Points - 0 Origination Jumbo 5/1 ARM 3.125% - 0 Discount Points - 0 Origination     Your Locally Owned and Operated Texas Mortgage Banker    * These rates are based on a estimated a minimum loan amount of $241,250 or above and roughly 4.559% to 6.1% APR depending on loan program. Rates are also subject to change without notice. FHA requires 3.5% down. Conventional requires 5% down. Jumbo requires 20% down up to $1Million. Jumbo APR is estimated 4.775% Some rates are based on a 740 credit score or higher. Some loans require lower LTV, call for details.

Services Provided: FHA VA USDA Conventional Construction Loans Jumbo Down Payment Assistance Programs Our Commitment to You: On-Time Closings Excellent Communication Call's Returned Promptly Phone Calls answered on Weekends Good Interest Rates Reasonable Closing Costs 24/7 On-Line Applications @ www.mikeclover.com

Mike Clover Mortgage Banker Homewood Mortgage, LLC Toll FREE: 1-800-223-7409 O: 469-438-5587 F: 972-767-4370 NMLS# 234770 Web: www.mikeclover.com E-mail: mike@mikeclover.com     Call for Super Service!!

September 2013 Homes For Sale In San Antonio

As San Antonio’s hot and dry summer hopefully cruises toward a cooler and wetter fall, the area’s residential realty market is expected to also cool off a bit after an exceptionally hot late spring and summer sales season.

Surprisingly, the Alamo City area home sales market peaked unusually early this year, with May seeing 2479 closed sales.  During June through August, home sales moved along at a slightly slower, but still brisk and steady pace.

So far this year, there has been a marked shortage of both resale and newly built homes.  As shown below, the demand/inventory imbalance has caused a gradual but steady increase in home prices and a significant decrease in the time needed to sell a residential property.  Specifically, as of 6 September 2013 compared to 6 September 2012:

• available resale home inventory is down 9.78% (from 10016 down to 9045), 
• pending homes sales are up 4.65% (from 2165 up to 2265),
• the average asking price is up 10.49% (from $283,577 up to $313,333),
• the average closed sale price is up 4.4% (from $200,947 up to $209,789),
• the cumulative time needed to sell the average resale home has fallen 22.88% (from 118 days down to 91).

With only a 4.8 month supply of homes on the market, San Antonio presents an exceptionally positive market for home sellers.  Homes are currently selling for 97% of asking price and well prepared homes in the most popular neighborhoods are going under contract very quickly.  

Although the news is exceptionally positive for home sellers, it remains good for home buyers because mortgage interest rates remain low and San Antonio area homes are remarkably affordable when compared to homes in the nation’s other large metropolitan markets.

That’s all for our September 2013 San Antonio realty market report.

Wishing you a beautiful fall season, we’re Stephanie and Randy Kelley, Realtors® at Keller Williams Legacy, San Antonio, Texas.

Our SanAntonioHomeQuest.com Realty Solutions Team is always ready to help you with your home buying and selling need.  If you have questions, need San Antonio realty or mortgage loan advice or assistance, or just want to chat about our wonderful Alamo City, please call us at (210) 863-2661 (Randy) or (210) 867-8743 (Stephanie). 

San Antonio Texas Mortgage Interest Rates for 23 August 2013

If you're looking to buy or sell a San Antonio, Texas, area home, business, lot, or ranch, visit our website at sanantoniohomequest.com. Now, here are the August 23, 2013, mortgage interest rates from Mike Clover, Homewood Mortgage, LLC: Texas Purchase & Refinance Mortgage Rates For the best San Antonio mortage, you'll be happy with these Low Rates & Low Fee Loans. Also  let your friends and family know that we will beat any deal on rates, fee's and service. We are from Texas, We are operated in Texas, and We are Texas Strong.....! All Loans close on-time and within 30 Days or less. Refinance Rates & Purchase Rates could be lower.  Please call me to discuss. 30 yr Conventional 4.625% - 0 Discount Points - 0 Origination 15 yr Conventional 3.625% - 0 Discount Points - 0 Origination 20 yr Conventional 4.625% - 0 Discount Points - 0 Origination 10 yr Conventional 3.875% - 0 Discount Points - 0 Origination 30 yr FHA 4.25% - 0 Discount Points - 0 Origination 15 yr FHA 3.75% - 0 Discount Points - 0 Origination 30 yr USDA 4.75% - 0 Discount Points - 0 Origination 30 yr VA 4.25% - 0 Discount Points - 0 Origination 15 yr VA 3.875% - 0 Discount Points - 0 Origination Jumbo 30 yr Fixed 4.875% - 0 Discount Points - 0 Origination Jumbo 15 yr Fixed 3.875% - 0 Discounts Points - 0 Origination Jumbo 10/1 ARM 4.375% - 0 Discount Points - 0 Origination Jumbo 7/1 ARM 3.75% - 0 Discount Points - 0 Origination Jumbo 5/1 ARM 3.125% - 0 Discount Points - 0 Origination    Your Locally Owned and Operated Texas Mortgage Banker. * These rates are based on a estimated loan amount of $242,250 or above and roughly 4.776% to 6.614% APR depending on loan program. Rates are also subject to change without notice. FHA requires 3.5% down. Conventional requires 5% down. Jumbo requires 20% down up to $1Million. Jumbo APR is estimated 5.088% Some rates are based on a 740 credit score or higher. Some loans require lower LTV, call for details.

Services Provided: FHA VA USDA Conventional Jumbo Down Payment Assistance Programs Our Commitment to You: On-Time Closings Excellent Communication Call's Returned Promptly Phone Calls answered on Weekends Good Interest Rates Reasonable Closing Costs 24/7 On-Line Applications @ www.mikeclover.com

Mike Clover Mortgage Banker Homewood Mortgage, LLC Toll FREE: 1-800-223-7409 O: 469-438-5587 F: 972-767-4370 NMLS# 234770 Web: www.mikeclover.com E-mail: mike@mikeclover.com Call for Super Service!!