2015 San Antonio Housing Forecast Report

San Antonio Home Quest Realty Solutions Team

Realtors®

sanantoniohomequest.com

 

 

The San Antonio Board of Realtors®  (SABOR) annual housing forecast was held on January 8, 2015.

 

If you are looking to buy or sell a San Antonio area home in 2015, SABOR has exciting news for you.  Visit the SABOR website to read about San Antonio residential sales projections for 2015.

 

This blog is brought to you by Stephanie and Randy Kelley, Realtors®, at Keller Williams Legacy, San Antonio, Texas.  Call us at (210) 863-2661 or (210) 867-8743 for the best advice and assistance regarding home sales in and around San Antonio, Boerne, Bulverde, Spring Branch, New Braunfels, Seguin, La Vernia, Floresville, Pleasanton, and Lytle, Texas.

A Two Month Supply Of Available Houses In San Antonio

A few weeks back, we predicted that San Antonio's inventory of available homes for sale could soon fall into the two months range.  Briefly, last week, the supply of San Antonio homes on the market and not already under contract fell to 2.99 months.   That's not a lot of houses for buyers to select from in a metropolitan area as large as San Antonio.

Will the low home supply last?  It remains to be seen, but it could happen because an unusually small number of new listings are coming on the market for this time of the year.

The continuing  imbalance between San Antonio's inventory of available homes and the number of buyers looking for San Antonio homes for sale means the area's late winter/early spring residential market will strongly favor home sellers and the most attractive homes will sell very quickly.

Consequently, San Antonio buyers looking to purchase a new or resale home this year are strongly advised not to delay their search much longer because, by summer 2014, home prices in the San Antonio area are likely to be 10 or more percent higher than in 2013.

If you are a San Antonio home buyer or seller needing expert realty consultative and representation services, please visit our sanantoniohomequest.com website or call Randy Kelley at (210) 863-2661 or Stephanie Kelley at (210) 867-8743.  We are Realtors®  at Keller Williams Legacy, San Antonio, Texas. Our never ending  goal is to help you get the best price, terms, and conditions for your residential realty investment.

January 2014 San Antonio Home Sales Report

The beginning of January 2014 closes the most active San Antonio residential real estate market year since 2006.  According to Steven Gragg, Chairman of the San Antonio Board of Realtors, “This year’s housing market proved even stronger than 2012, with the lowest months of inventory being reported in over six years. Every month, the total number of home sales exceeded those of their 2012 counterparts.” What does the future hold for San Antonio home sales? Analysts predict 2014 will be equally as active as 2013, if not more so. Why?     Home sales will remain strong because the area's exceptionally strong economy. Here are the facts. The San Antonio metropolitan area is basically an economic powerhouse driven by the still developing Eagle Ford shale oil and gas industry, a thriving business friendly environment based on tourism, service industries, a large active duty and retired uniformed services community, and thriving medical treatment, education, and training institutions.  Significantly, the proliferation of many new locally grown and inbound  businesses has produced the economic diversification the Alamo city has long needed to insure a stable and reliable source of manpower, money, and materials for now and years to come. Also, as evidence of San Antonio’s rosy economy, Forbes Magazine recently ranked San Antonio as being in second place for cities least effected by the late Great Recession. So, here’s what can be expected for San Antonio’s residential sales in January 2014 and into the following months:  •  the inventory of newly constructed and resale homes will remain unusually low,  •  home list prices will increase, •  home sale prices will increase,  •  average time to sell a home will decrease,  •  pressure on the already limited new and resale home supply will increase as buyers rush to make their purchases in the face of rising mortgage interest rates,and  •  the months long sellers’ market will continue unabated. Despite the good news for home sellers, prospective home buyers should take heart in knowing that, historically, San Antonio has a consistent record of moderate but steady home value appreciation and sales market stability. Furthermore, San Antonio homes are still very affordable when compared to homes in the nation’s other large metropolitan areas. That’s the good news for our January 2014 San Antonio residential realty market report. Wishing you a safe, happy, healthy, and prosperous 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. You're invited to use 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.

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

San Antonio Homes For Sale News

Here's the latest San Antonio Homes for sale news from the desk of Steven Gragg, Realty Broker at Keller Williams Legacy, San Antonio, Texas.

• Of the top 10 metro areas for job growth through 2020, the United States Bureau of Labor Statistics ranked San Antonio as 10th on the list. The only other Texas city is El Paso - #5.
• Only two U.S. metro areas have had increased home values since 2007. Both are Texas cities - Houston 4.8% rise and San Antonio reported a 2.7% increase.
• The Dow Jones Industrial Average is above 13,000. Great for home buying and selling morale.
• Southwest Airlines plans to bring 322 new jobs to San Antonio.

Mortgage Update
FHA is boosting the cost of its mortgage fee. The upfront mortgage insurance premium (MIP) will increase 75 basis points, meaning 30 year single family FHA loans will be more costly. It will increase the payment on a typical $150,000 loan by $5 per month. Goes into effect 1 April 2012.
John Nichols at Alterra Mortgage has some great weekend rates. Call (210) 789-2870. Alterra is offering 100% FHA loans.
Go to our website at sanantoniohomequest.com to find San Antonio MLS listings.
We specialize in providing the finest in realty services. Contact us for more information or an appointment to list a property or visit any San Antonio area residential listing.

This blog is brought to you by

Stephanie and Randy Kelley, Realtors

Professional Real Estate Analysts and Negotiators

kelleybus@aol.com or swkrealtor@aol.com

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

The http://sanantoniohomequest.com Realty Solutions Team

Keller Williams Legacy

San Antonio, Texas

Quality Homes For Sale In San Antonio, Texas

LISTED BY THOMAS FENTRESS, RE/MAX PREFERRED REALTORS®

Looking for a quality, stylish, conveniently located 5 bedroom home in San Antonio's North East Independent School District (NEISD)? Here's the one to see. It's reasonably priced and located in a well maintained neighborhood near some of the area's best shopping, entertainment, and recreation centers. You'll drive only 20 miles to downtown San Antonio via easy accessable major road networks. Go to sanantoniohomequest.com for pictures and detailed information.

Ask us abour your eligibility for our Reward Program For San Antonio Public Service Home Buyers.

We specialize in providing the finest in realty services. Contact us for more information or an appointment to visit this listing or any residential property for sale in San Antonio, Bulverde, and the communities near the area's military bases.

Brought to you by Stephanie and Randy Kelley, Professional Residential Real Estate Analysts and Negotiators

kelleybus@aol.com or swkrealtor@aol.com

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

The SanAntonioHomeQuest Realty Solutions Team

Keller Williams Legacy, San Antonio, Texas

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.