June 2010 San Antonio Realty Market Report

Some very good news is in! According to the San Antonio Board of REALTORS®, so far this year, existing San Antonio home sales have outpaced 2009 sales by 16.2 percent. The credit can be given to wise buyers motivated by the Federal home buyer tax credit programs, San Antonio home affordability, rising consumer confidence, and historically low mortgage interest rates.
 
But, there's a little bad news among the good. As San Antonio enters its typically very active late spring/early summer home selling season, the residential listing inventory may be a bit too high for seller comfort. Early trends indicate that, in some neighborhoods, single family properties might stay on the market longer than usual for the summer season, and the average list price is trending downward as sellers adjust for what might be a slower than usual market. What caused this potential down side for San Antonio home sellers. Simply this. The protracted national economic downturn has impacted negatively on San Antonio home values. After years of moderate, but steady, price increases, Bexar County property values dipped 2 percent in 2009. Some areas in south and northwest Bexar County have been particularly hard hit with foreclosures and many highly foreclosure prone neighborhoods have seen their values depreciate drastically in a very short time.

On the other hand, higher priced subdivisions in San Antonio's north and northeast appear to be holding their home values very well.

Should San Antonio homeowners be concerned that the area will experience a protracted home value depreciation cycle? Probably not. Because of its solid economic and demographic foundations, San Antonio remains one of the nation's bright spots for home ownership and rental investments. Affordable mortgage availability is extremely high, mortgage interest rates are historically low and the area is on the verge of receiving an influx of military buyers eager to take advantage of San Antonio's well priced homes.

So home buyers and sellers should take satisfaction that there's some good news for everyone.
In conclusion, here are the relevant market indicators for San Antonio single-family detached home listings as of 7 June 2010.


There are 12,324 active listings compared to 12,107 one year ago. The inventory is rising slowly. That's a good sign for home buyers.


The average sales price for the most recent closings is $177,685 compared to $185,078 last year. The unusual drop in average sales price is caused by the purchase of a large number of less expensive properties by buyers capitalizing on the Federal home buyer tax credit programs. It remains to be seen how the market will fare after all of the tax credit program deals are closed by the end of June. What's certain for the time being is this - the decreasing average sales price trend is a good sign for buyers.


Average cumulative-days-on-the-market (CDOM) for the most recent sales is 119 compared to 138 last year. During 2009, CDOM figures were unacceptably high, but dropped fast during the Federal Tax credit home buying frenzy.  It remains to be seen if cumulative market time will improve further, but a slight upward trend is possible. Nonetheless, for the time being, it's a positive sign for San Antonio home sellers, specifically, and for San Antonio's realty market, generally.


Industry analysts see these data as reflecting a housing market strongly favoring buyers over sellers.


That's all for our June 2010 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® of 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 or (210) 867-8743, or E-mail 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 Memorial Day 2010 Message

This Memorial Day 2010 message is from the San Antonio Home Quest Realty Services Team.

Today, we pause from our busy schedules to honor the soldiers, sailors, airmen, and coast guard members who died while defending their country.

Our Nation’s strength, freedom, liberty, democracy, and values are built and preserved on the sacrifice of generations of uniformed service men and women . They have fought our wars and preserved our peace. They have spread America’s message all around the globe. Without them, our world would be a different place. For them, we are eternally grateful.

And, while honoring the sacrifices of the departed and their families, take a moment to also give thanks for those currently serving at home and far away. Remember them always and support them and their families any way you can. They, and those before them, are our Nation’s finest and deserve our highest tribute.

Happy Memorial Day to all from the SanAntonioHomequest.com Realty Services Team.

Posted by Randy Kelley
Filed Under Randolph AFB, Lackland AFB, Brooks AFB, Fort Sam Houston, Camp Bullis, Medina Annex

LOOKING FOR SAN ANTONIO REAL ESTATE LISTED IN THE SAN ANTONIO MLS?  CLICK HERE

Today's San Antonio Realty News You Can Use:

Jennifer Hiller has posted her latest San Antonio homes market update in the San Antonio Express News. Click to read her excellent article.

Today's San Antonio real estate stats, according to the San Antonio MLS:

San Antonio Homes Listed For Sale Today:  12169

San Antonio Homes For Sale Under Contract: 2722

Median List Price For San Antonio Homes For Sale: $184,900

Average List Price For San Antonio Homes For Sale: $274,186

Projected Average Sales Price For San Antonio Homes Under Contract:  $173,974

San Antonio's Weather:

Partly cloudy, breezy, 88 degrees at 2:00 P.M, Sunday, 23 May 2010.  Click for the San Antonio Weather Forecast

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

If you have questions about San Antonio real estate, the San Antonio MLS, or San Antonio homes, click here.

We are Stephanie & Randy Kelley, Realtors® at Keller Williams Legacy, San Antonio, Texas.

Social Media - WYSIWYG

Are we having fun yet? We Facebook, we Twitter, we Foursquare, we Link-In in, we You Tube, we blog on Trulia, Active Rain, and broadcast on U-stream. I have learned so much, I have forgotten what I didn't know.


This morning I received a blog about ettiquette on Social Media. Please - can't we apply the same "Miss Manners" rules that we should have learned as children? I guess there are some of us that have to be told to put our brains in gear before we open our mouths, or in this case before we engage the keyboard.

Which brings me to my subject: What You See Is What You Get. What is your social media image? Is it schizophrenic? Is it Party Animal on your personal page,

and on your business page all buttoned down?

Anyway, my point is, as Shakepeare so aptly put it,

"To thine own self be true, and it must follow as the night, the day, thou can not then be false to any man." 

If you are a warm, fuzzy person, let it show!  If you have a no-nonsense, aggressive, forceful personality, let her rip!  Some people will identify with either type. If you are truly anti- social, what are you doing on social media anyway? Find an anti-social site.

Express yourself, but be yourself. If you are true to the same image, the same self throughout your web presence, it stands to reason that you will attract customers that are looking for someone with your true characteristics and your personality. It also stands to reason that your business will be much more rewarding, and maybe just alot more fun.


In the real estate business we are the ultimate multi-taskers, but that doesn't mean we have to have multiple personalities in our web presence. Gotta face it, our customer/clients are smarter than we are. They Xobni us, they track us down . . . oh wait, we do want to be found, don't we?

The late great George Carlin said it well in this You Tube video - Enjoy!

Home Buyer Tax Credit Not Over For Some Military & Foreign Service Members

If you are a military, foreign service, or intelligence community member, Congress has granted special exceptions that might have extended your eligibility for the $8,000 first time home buyer and $6,500 repeat home buyer Federal tax credit programs. 

For the general public, the tax credit applied to qualified home purchases under contract before 30 April 2010 and closed by 30 June 2010.


However, the programs have been extended for some qualified service members on official duty outside of the United States for at least 90 days between 31 December 2008 and 1 May 2010.  For those home buyers, the tax credit applies to sales with a binding sales contract in place on or before April 30, 2011 and closed by June 30, 2011.

Go here for an excellent summary of the extension rules brought to you by the National Association of Home Builders.

If you are looking to buy or sell a San Antonio home, Click to visit us at SanAntonioHomeQuest.com.

24 April 2010 San Antonio Real Estate News You Can Use

In a recent San Antonio Express News article, our favorite local realty reporter, Jennifer Hiller, writes about the uncertainty surrounding how well San Antonio's residential housing market will fare after the Federal tax credit deadlines expire on 30 April 2010. Click to check out her excellent article.

CLICK HERE IF YOU'RE LOOKING FOR THE BEST INFORMATION ABOUT BUYING OR SELLING A SAN ANTONIO HOME

17 March 2010 San Antonio Real Estate Market Report

LOOKING FOR SAN ANTONIO HOMES FOR SALE?  CLICK HERE.

Quote of the Day: "The strength of a nation is derived from the integrity of its homes." ~ Unknown

San Antonio Real Estate Fact of the Day:  The 2010 residential property tax rate for far west Bexar County homes in the Medina Valley Independent School District is only 2.19% - one of the lowest tax rates in the county. Consequently, the tax on a $100,000 home in the area is $2,190.

Today's Realty News You Can Use:

Jennifer Hiller has posted her latest San Antonio realty market update in the San Antonio Express News.  Click to read her fine article.

Click here for our SanAntonioHomeQuest.com's Real Estate E-news.

RealtyTimes is a great source for real estate current events. Click here for this week's webcast.
What's happening in San Antonio's homes for sale market today:

Today's stats continue to reflect the Alamo City's active buyers' market; however, trends are starting to move in the direction of a balanced market favoring neither buyers or sellers.

Single Family Detached Homes Listed For Sale Today: 11797  Inventory Increasing Rapidly

Single Family Detached Homes Listings Under Contract: 1940 - Increasing Rapidly

Median List Price: $178,000 - Rising Slowly
Average List Price: $267,840 - Stable

Projected Average Sales Price For Listings Under Contract: $170,949 Rising Slowly

San Antonio's Wonderous Weather:

Bright blue skies and fluffy spring clouds and 71 glorious degrees at 2:00 P.M.  Everything is turning emerald green this Saint Patrick's day.

That's all for today's blog.

We love to hear what you think about our blogs. Your opinions, pro and/or con, recommendations, commendations, and condemnations (please be kind) are eagerly solicited.

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.

March 2010 San Antonio Residential Real Estate Market Report

Spurred on by the up to $8000 Federal first time home buyer tax credit program, San Antonio's realty market charged vigorously into a very successful late fall 2009 home selling season. The market remained relatively active through December, but, in January 2010, the market took more than its usual early winter siesta, with new listings and sales down significantly. 

In February, the market sprang back to life with renewed vigor, as sales perked up and newly listed resale homes joined the market in advance of what's projected to be a very active Spring selling season.

Although the new listing and sales trends weren't unexpected, something has happened that's highly unusual for San Antonio.  The most recent San Antonio Board of Realtors data indicate the average resale home is listed for about the same price as a year ago and the most recent average closed residential listing sale price is significantly lower than a year ago.  

Most experts feel the Alamo City's realty market is experiencing a brief home value depreciation cycle, soon to be followed by the return of the area's usual steady, but modest home price appreciation.   But, there's a word of caution buried in the optimism, because last year's experience proves that, despite having one of the nation's strongest economies, San Antonio isn't immune to the influence of negative national economic trends.  For example, this year, the road to San Antonio for many relocating home buyers is cluttered with the unsold homes they've left behind; and home mortgage qualification standards are higher than at any time in recent memory.  Consequently, many newcomers will be forced to rent instead of buying a home

On the other hand, there's a very positive sign. The re-enacted up to $8,000 first-time home buyer Federal tax credit program and the new $6,500 move up home buyer Federal tax credit program are expected to spur both buyer and seller activity at least through 30 April 2010, when the programs expire.

As for the area's new construction home inventory there's risk that there's not enough to meet demand. Nonetheless, some builders are offering some very attractive buyer incentives.

Although it might be a good idea to buy a new construction home, 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 costs.

In conclusion, here are the relevant market indicators for San Antonio single-family detached home listings as of 4 March 2010.

There are 11,476 active listings compared to 11,958 one year ago.  The inventory is rapidly rising.  That's a good sign for home buyers.

The average sales price for the most recent closings is $169,717 compared to $178,320 last year.  It's believed the unusual drop in average sales price has been driven mostly by the purchases of a large number of less expensive properties by home buyers capitalizing on the Federal home buyer tax credit programs.  It remains to be seen how the market will fare after the tax credit programs end on 30 April 2010.  What's certain for the time being is this - the decreasing average sales price trend is a good sign for buyers.

Average cumulative-days-on-the-market (CDOM) for the most recent sales is 135 compared to 145 last year.  During 2009, CDOM figures were unacceptably high, but now are trending downward.  That's a positive sign for San Antonio home sellers, specifically, and for San Antonio's realty market, generally.

Industry analysts see these data as reflecting a housing market strongly favoring buyers over sellers.

That's all for our March 2010 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® of 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 or (210) 867-8743, or E-mail 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.


 

26 February 2010 San Antonio Realty Market Report

Quote of the Day: "A house is made of walls and beams; a home is built with love and dreams." ~ Unknown

San Antonio Real Estate Fact of the Day:  The 2009 property tax rate for the San Antonio, TX, North East Independent School District (NEISD) area was 2.731%. Consequently, in 2009, property tax on a $100,000 NEISD area home was $2,731.

Today's Realty News You Can Use: 

RealtyTimes is a great source for real estate current events.  Click here for this week's webcast.

San Antonio Express News reporter Jennifer Hiller is our favorite source for local realty news.  Her most recent article addresses San Antonio's initiatives to become a more energy efficient city.  Click here to read her brief, but highly informative article.

What's happening in San Antonio's homes for sale market today:

Today's stats continue to reflect the strong trend toward a highly active buyers' market for the Alamo City.

Single Family Detached Homes Listed For Sale Today: 11421 Inventory Increasing Rapidly

Single Family Detached Homes Listings Under Contract: 1738  - Increasing Rapidly

Median List Price: $175,000  - Stable

Average List Price: $266,849  - Slowly Drifting Down

Projected Average Sales Price For Listings Under Contract: $167,722 Slowly Drifting Down

San Antonio's Wonderous Weather:

It's a beautiful day in our neighborhoods.  It's partly cloudy with a coolish breeze and 57 degrees at 10:00 A.M.,  The forecasted high is 66 degrees and the forecasted low is 39 degrees.  We're standing at the door to a wonderful San Antonio outdoor weekend.  See you at the River Walk.

That's all for today's blog.

We love to hear what you think about our blogs. Your opinions, pro and/or con, recommendations, commendations, and condemnations (please be kind) are eagerly solicited.

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.

25 February 2010 San Antonio Real Estate Market Report

25 February 2010 San Antonio Real Estate Market Report


Quote of the Day: "Good homes are still the best source of good humans."
--Neal A. Maxwell (1926-2004)

San Antonio Real Estate Fact of the Day:  San Antonio is the Nation's 7th largest city.

Today's Realty News:  Three new San Antonio real estate websites were launched today for Army, Navy, Air Force, and other Uniformed Service home buyers and sellers.

Visit them at:   SanAntonioArmyPCS.com
                       SanAntonioAirForcePCS.com
                       SanAntonioNavyPCS.com

Basic allowance for housing (BAH) information is available on each site.

What's happening in San Antonio's homes for sale market.

Today's stats are continue to display a strong trend toward a highly active buyers' market for the Alamo City.

Single Family Detached Homes Listed For Sale Today: 11429 Inventory Increasing Rapidly

Single Family Detached Homes Listings Under Contract: 1735 Increasing Rapidly

Median List Price: $175,000 Stable

Average List Price: $266,467 Slowly Drifting Down

Projected Average Sales Price For Listings Under Contract: $165,606 Slowly Drifting Down

San Antonio's Wonderous Weather:

This week, San Antonio's weather has ranged from a rare light snow flurry on Tuesday, to a heavy frost this morning, to a comfortable 66 degrees at 4:30 in this afternoon.  The thermometer is tired from jumping up and down, but can rest a bit for the next seven days, with highs in the 60's and lows between 40 and 50.  Pastures have become lush with new growth and there's a hint of light green buds in some trees around the city.  The air smells sweet with spring scents.

That's all for today's blog.

We love to hear what you think about our blogs. Your opinions, pro and/or con, recommendations, commendations, and condemnations (please be kind) are eagerly solicited.

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.

16 February 2010 San Antonio Real Estate Market Report

Quote of the Day: A word to the wise ain't necessary - it's the stupid ones that need the advice. ~ Bill Cosby

Fact of the Day:  Approximately 50% of the population of the US is nearsighted.

Today's Realty News:  Jennifer Hiller is San Antonio's most prolific realty reporter.  Her excellent article in today's San Antonio Express News recaps this January's lackluster home sales start.  Click here to read the article.  Keep in mind that the article reflects San Antonio realty reality in that the local home sales market is relatively asleep in January, but usually wakes up active and hungry in mid-February. The following February stats are already showing a trend toward a highly active late winter/early spring buyers' market for the Alamo City. 

Single Family Detached Homes Listed For Sale Today:        11292 Inventory Increasing Rapidly
Single Family Detached Homes Listings Under Contract:       1585 Increasing Rapidly
Median List Price:                                                                 $175,000 Stable
Average List Price:                                                                $269,656 Stable
Projected Sales Price For Listings Under Contract:            $167,267 Decreasing Slowly

San Antonio's Wonderous Weather: 

After an exceptionally cold start (27.7 degrees in our back yard with ice in the bird bath), the air's warming quickly and the temp's heading for the low 60's this afternoon.  Warm, bright and clear - spring's near!

That's all for today's blog.

We love to hear what you think about our blogs. Your opinions, pro and/or con, recommendations, commendations, and condemnations (please be kind) are eagerly solicited.

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.

14 February 2010 San Antonio Real Estate News You Can Use

Happy Valentines Day, dear Readers!

Quote of the Day:  Gravitation is not responsible for people falling in love. ~ Albert Einstein

Fact of the Day:  Some 190 million Valentines are exchanged each year, according to the Greeting Card Association.
 
Today's Realty News:

In an excellent article in the San Antonio Express News, Jennifer Hiller writes about the recent rise in Bexar County/San Antonio residential property foreclosures.  Click here to read the article.

San Antonio Today:

It's a beautifully warm day in San Antonio.  If you're in the Alamo City, here's hoping you can get out and enjoy the sunshine.  If you're some place where it's cold and wet, here's hoping you're blessed with a warm house, an ample hot chocolate supply or a big box of Valentine candy, and someone to hug.

That's all for this blog.

We love to hear what you think about our blogs. Your opinions, pro and/or con, recommendations, commendations, and condemnations (please be kind)  are eagerly solicited.

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.

San Antonio Resident Doctors 100% Mortgage Loans

San Antonio Resident Doctors 100% Mortgage Loans


There’s a new 100% home mortgage program available for San Antonio resident doctors.

After the Bank of America Physician Loan Program was suspended in March, 2009, it became virtually impossible for San Antonio area physicians to obtain 100% home mortgage loan financing. Now, there’s good news! A new program has just opened up that’s specifically designed to help qualified physicians, including medical students and residents, acquire a San Antonio area home.

The program offers:

• 100% financing - no money down
• no private mortgage insurance (PMI)
• lower monthly payments
• thousands saved over the life of the loan
• more home for income

Easy qualification and special underwriting for physicians with good credit allows:

• student loans deferred for months are NOT counted in qualifying ratios
• purchase before starting a new position
• qualifying using future income
• purchase of ingle family homes, town homes, lofts, and condos

It’s a great opportunity for members of San Antonio’s medical community. For more information, contact us.

We’re 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, please call us at (210) 863-2661 or 867-8743, or send an E-mail to 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.

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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!

We love to hear what you think about our blogs.  Your opinions, pro and con, recommendations, and commendations are eagerly solicited.

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.

When the Football Season Ends, San Antonio's Real Estate Market Heats Up

Quote of the Day:  "Even if you're on the right track, you'll get run over if you just sit there." - Will Rogers

News Flash:  When the Football Season Ends, San Antonio's Real Estate Market Heats Up

Hey, San Antonio home sellers and buyers, we've just passed a significant event that might mean more to you than you realize.  While Super Bowl adrenaline ebbed from your bodies, and dopamine satisfaction faded from the brains of Saints fans, San Antonio's realty market kicked into high gear.  It's a fact borne out by years of sales data!  Right after the Super Bowl, San Antonio home buying and selling gets serious. 

On this first day after Super Bowl 2010, San Antonio has an ample inventory of resale homes and, according to the latest analysis, an unusually low supply of newly constructed homes.  Although the market favors buyers right now, there's reason to believe it might drift toward a balanced or even a seller's market as the newest crop of highly motivated buyers rushes to write home purchase contracts before the April 30 Federal home buyer tax credit deadline.

If the Federal home buyer tax credit program is news to you, click here to get the facts from the IRS.

Here's the message.  You're on the right track if you're contemplating buying or selling a San Antonio home, but you'd better get moving because you might get run over if you just sit there.

As always, we solicit your comments and recommendations about this blog.

Please visit us at 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 home buying or selling needs.

4 February 2010 San Antonio Real Estate News You Can Use

Some Quick Takes:

• Over 80% of today's home buyers start their search on the Internet and only seek the services of  a real estate agent at the point where they need to supplement what they've already learned using Internet realty research tools.
• Today's best Realtors run a consumer-focused and consumer-driven business, seeing their clients as drivers and themselves as navigators.
• Far too many home buyers have their cart before their horse by starting their home search visiting listings before talking with lenders and determining their home purchase affordability ceiling.

 Nifty news to know:

Our February 2010 Real Estate Update  has just been published.  Go here for lots of exceptionally useful realty information.

As always, we solicit your comments and recommendations about our blogs. 

Please visit us at 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 home buying or selling needs.

2 February 2010 San Antonio Realty News You Can Use

What can we expect from this month's San Antonio's realty market.  Historically, February is typically a very active month for both sellers and buyers.   This February, resale home inventory should increase significantly as sellers rush their properties to market hoping the recently extended and expanded Federal home buyer tax credit programs will cause an exceptionally strong  late winter and early spring home buying trend.

Although  February is typically one of San Antonio's most active months for home buyers, three factors promise to make February 2010 an exceptionally busy month.  First, the previously mentioned Federal tax credit programs are expected to significantly increase buyer activity.  Second, the military's first wave of Base Realignment and Closing Program personnel will be arriving to look for homes. Third, mortgage interest rates remain historically low for qualified buyers.

Will this February's increased sales offset San Antonio's rapidly increasing resale home inventory thus putting an end to the city's protracted buyers' market.  Only time will tell, but home sellers can take heart in knowing that February will likely bring an unusually large number of ready, willing, and able buyers.

Home buyers and sellers should always be encouraged about the reality of San Antonio realty.  It's strong! Why? Because the Alamo City remains one of the Nation’s healthiest large metropolitan economies and projections for 2010 indicate the area’s immediate future is highly favorable for strong economic growth, low unemployment, and a continuing strong infusion of the monetary and human resources needed to build an even more economically vibrant city.

For data lovers, here are the relevant market indicators for San Antonio single-family detached homes as of 2 February 2010.

There are 11059 active listings compared to 11783 last year. The inventory is rapidly increasing. That’s a good sign for home buyers.

The average sales price for the most recent closings is $180,704 compared to $188,292 last year. The drop in average sales price has, for the most part, been driven by the purchase of a large number of less expensive properties by home buyers capitalizing on the Federal home buyer tax credit programs. It remains to be seen how the market will fare after the program ends on 30 April 2010.

Average cumulative days-on-the-market (CDOM) for the most recent sales is 133 compared to 142 last year. During 2009, CDOM figures were unacceptably high, but have recently trended downward. That’s a positive sign for San Antonio home sellers specifically, and the city's realty market, generally.

Industry analysts see these data as reflecting a housing market continuing to strongly favor buyers over sellers.

That’s all for our February 2010 San Antonio realty market report. We encourage comments and recommendations about this report. 

Please visit us at 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 home buying or selling needs.

1 February 2010 San Antonio Real Estate News You Can Use

San Antonio Express News carries a very informative article by Creighton Welch addressing the status of San Antonio's mid-winter residential realty market on the eve of the typically much more active late winter/spring home marketing season.  Click it to see it.

Click here for this week's RealtyTimes.com's realty and mortgage lending news webcast.  This is one of the web's most comprehensive and informative realty market updates for home buyers and sellers.

Visit us at sanantoniohomequest.com for all your realty needs. We're Stephanie and Randy Kelley, Realtors at Keller Williams Legacy, San Antonio. You can call us at (210) 863-2661, (210) 867-8743, or (800) 201-9145 or E-mail us at kelleybus@aol.com or swkrealtor@aol.com.

San Antonio's Most Romantic Restaurants

This is a little off topic, but looking ahead to Valentine's Day on Sunday, February 14th, here's some information that might come in handy if you're searching for San Antonio's most romantic restaurants.  Click for the list.

Outside the city, but close enough for a short drive to wonderful downtown Bulverde, is Mike's in the Village, a bistro and wine bar.  Mike's features some of the San Antonio area's best food in an intimate, cozy old town setting.  It's a great place for a Valentine's Day get away.  Click to visit Mike's website.

Back to San Antonio real estate, visit us at sanantoniohomequest.com for all your realty needs.  We're Stephanie and Randy Kelley, Realtors at Keller Williams Legacy, San Antonio.  You can call us at (210) 863-2661, (210) 867-8743, or (800) 201-9145 or E-mail us at kelleybus@aol.com or swkrealtor@aol.com.

Where's San Antonio's Realty Market Going!

What's happening in this year's San Antonio's mid-winter realty market?  It's relatively active right now and seems to be drifting toward a very active spring season. Typically, that means there will be more homes for sale, list prices will increase, and sales volume will likely be higher than usual especially this year because buyers will be rushing to take advantage of the Federal home buyer tax credit programs. As for the summer realty market season, it's too early to tell if it will more or less active than usual, but, undoubtedly, activity will be dependent on the success or failure of national economic recovery initiatives.

April 30, 2010 is an important date for home sellers and buyers to keep in mind.  Why?  Under the new law, an eligible taxpayer must buy, or enter into a binding contract to buy, a principal residence on or before April 30, 2010 and close on the home by June 30, 2010 to qualify for claiming the Federal home buyer tax credit benefits.  Consequently, anyone seriously contemplating selling a home this year should get  the property on the market right away, particularly if it's worth $200,000 or less.  That's a high demand price category for San Antonio homes and, if a home is in good condition, it's likely to sell quickly. 

Anyone wanting to buy a home this year should move fast to avoid missing the 30 April deadline.  Of course, before jumping into a purchase agreement, a buyer should consult a Realtor® or visit the tax credit website to make sure he or she qualifies for the credit.

Aside from the home buyer tax credit issue, here's something about San Antonio's annual realty market cycle that both home sellers and buyers should keep in mind.  Decades of recorded sales data prove conclusively that market activity usually peaks in May, June, or July, then falls off rapidly after August.  List prices usually adjust downward during the fall and early winter selling season, available home inventory usually goes down, days on the market will increase, and there will be far fewer monthly closings than during the summer peak season.  After a long winter's rest, the market will start stirring again in February and March.

Realtor® and consumer comments and opinions are, as always, solicited about this, or any article, posted on this blog.  We love to discuss and don't mind a fuss.  The more views and news we can solicit, the better. 

We're Stephanie and Randy Kelley, Realtors® at Keller Williams Legacy.  Visit our SanAntonioHomeQuest.com website for anything and everything San Antonio realty. If you have questions, need realty or mortgage loan advice or assistance, or just want to chat, call us at (800) 201-9145, (210) 863-2661, or (210) 867-8743, or E-mail us at kelleybus@aol.com or swkrealtor@aol.com.

25 January 2010 San Antonio Real Estate News You Can Use

Jennifer Hiller reports in the San Antonio Express News about the positive impact the new J.W. Marriott San Antonio Hill Country Resort & Spa has had, and will have, on north side San Antonio growth.  Click to read Jennifer's article.  It's super news for homeowners in the area, especially golfers.

If you're keeping up with the national realty and mortgage news, nothing beats RealtyTimes' weekly webcast.  Go here for some very informative viewing.

Visit our SanAntonioHomeQuest.com website for anything and everything San Antonio realty.  If you have questions, need realty or mortgage loan advice or assistance, or just want to chat, call us at (800) 201-9145, (210) 863-2661, or (210) 867-8743, or E-mail us at kelleybus@aol.com or swkrealtor@aol.com.

24 January 2010 San Antonio Real Estate News You Can Use

In 2009, the most popular loan in the San Antonio area was likely a FHA loan.  This year, FHA loans will be more costly than last year.  Alan Zibel, the Associated Press (AP) real estate writer has written a very easy to read article about the he increased FHA fees.  Click to read his article entitled "Federal Housing Administration to Raise Fees."

Summarizing the fee increases:

• the up front mortgage incurance premium (MIP) fee has risen from 1.75% to 2.25% of the loan
• the minimum credit score requirement is now 580, however some FHA lenders might accept a lower  score, but only if the buyer places more money down

We will help you with mortgage loan questions and anything realty.  Visit our website at SanAntonioHomeQuest.com, call us at (210) 863-2661 or (210) 867-8743 or (800) 201-9145 or E-mail us at swkrealtor@aol.com or kelleybus@aol.com.

22 January 2010 San Antonio Real Estate News You Can Use

The San Antonio Business Journal reports "Sitterle Homes has bucked a national trend in the residential real estate market" by "wrapping up a successful sales year in 2009."  Sitterle is one of the San Antonio's oldest and most highly respected new home builders.  Sitterle has been in business over 45 years and is one of the area's few remaining locally owned and operated residential construction enterprises.  Most of the others were acquired in recent years by large national home building corporations.  Click to read the article.

The San Antonio Express News carries an interesting article of  local and outside job seekers.  It reports that "three companies based in the San Antonio area are ranked among the “100 Best Companies to Work For” for 2010 in the Feb. 8 issue of Fortune magazine."  The companies are NuStar Energy L.P. (ranked number 21), the Scooter Store (ranked number 38), and USAA (ranked number 45).  This is just another example of recent high ratings received by members of San Antonio's business community.  Click to read the article.
If you have questions or comments about this blog or if you need realty or mortage loan advice or assistance, please contact us.

Here's how we serve you. If you are a home buyer, our goal is to help you find the best property, in the best neighborhood for the best price and under terms and conditions most favorable to you.

If you’re a home seller, our goal is optimize your selling power by helping you price your property competitively and by promoting it extensively via a broad array of highly effective realty marketing techniques.

We’re Stephanie and Randy Kelley, Realtors® at Keller Williams Legacy, San Antonio. Call us at (210) 863-2661 or (210) 867-8743 or (800) 201-9145 or send an E-mail to 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.

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21 January 2010 San Antonio Realty News You Can Use

There's a very timely San Antonio Express News article addressing the recent strong upturn in San Antonio’s residential realty market. Click to read the article.


On the downturn side, the San Antonio Express News carries an Associated Press (AP) article reporting that, nationally, home building fell 4% in December.  Click to read the article.  Although the the AP article doesn't specifically address San Antonio's new home market, San Antonio area buyers can expect to find a lower than usual inventory of new construction homes this spring. 

Weakened new home competition will be a welcome incentive for San Antonio area homeowners contemplating selling their homes.  Consequently, the shortage of new construction homes will likely be offset by an ample inventory of newly listed resale homes. 

It's currently a buyers' market and, all things considered, the market will likely favor buyers at least into the summer.

If you have questions or comments about this blog or if you need realty or mortage loan advice or assistance, please contact us.

Here's how we serve you.  If you are a home buyer, our goal is to help you find the best property, in the best neighborhood for the best price and under terms and conditions most favorable to you.

If you’re a home seller, our goal is optimize your selling power by helping you price your property competitively and by promoting it extensively via a broad array of highly effective realty marketing techniques.

We’re Stephanie and Randy Kelley, Realtors® at Keller Williams Legacy, San Antonio. Call us at (210) 863-2661 or (210) 867-8743 or (800) 201-9145 or send an E-mail to 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.

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San Antonio Resident Doctors 100% Mortgage Loans

There’s a new 100% home mortgage program available for San Antonio resident doctors.

After the Bank of America Physician Loan Program was suspended in March, 2009, it became virtually impossible for San Antonio area physicians to obtain 100% home mortgage loan financing. Now, there’s good news! A new program has just opened up that’s specifically designed to help qualified physicians, including medical students and residents, acquire a San Antonio area home.

The program offers:

100% financing - no money down
no private mortgage insurance (PMI)
lower monthly payments
thousands saved over the life of the loan
more home for income

Easy qualification and special underwriting for physicians with good credit allows:

student loans deferred for months are NOT counted in qualifying ratios
purchase before starting a new position
qualifying using future income
purchase of ingle family homes, town homes, lofts, and condos

It’s a great opportunity for members of San Antonio’s medical community. For more information, contact us.

We’re 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, please call us at (210) 863-2661 or 867-8743, or send an E-mail to 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.

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What's In Store For San Antonio's 2010 Home Buyer?

If you’re you’re hoping to buy a San Antonio area home in 2010, congratulations! You’ll find a housing market that decidedly gives you a buyer’s advantage.

Why? There’s a large inventory of quality resale homes. Although creeping upward, mortgage loan rates remain at a near historic low. For those who qualify, the Federal government’s home buyer incentive program is literally paying people to buy homes. There’s more information about that program here:

http://www.realtor.org/home_buyers_and_sellers/2009_first_time_home_buyer_tax_credit

There’s a slight downside if you’re hoping to purchase a new construction home. The inventory of available newly built homes is unusually low. Consequently, if the new home demand outpaces supply, the builders will likely offer fewer buyer incentives.

San Antonio’s exceptionally vibrant economy and perennially stable housing market make it hard to resist buying a home here, so, don’t try - buy!

We’re here to help. Our goal is to help you find you the best home, in the best neighborhood, for the best price, and under terms and conditions most favorable for you.

Contact us. We’re 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, please call us at (210) 863-2661 or (210) 867-8743 or (800) 201-9145, or send an E-mail to 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.

Visit Our Website Read Our Newsletter Ask Us A Question

January 11, 2010 San Antonio Realty News You Can Use

Click to see RealtyTimes' latest webcast addressing the status of the national real estate market.  That's the big picture.

To focus in on San Antonio's realty market, click to see a very timely SanAntonioExpressNews article about San Antonio's realty market trends.

Check out our website for latest listings and other good stuff about San Antonio real estate. 

We’re 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, please call us at (210) 863-2661 or 867-8743, or send an E-mail to 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.

Visit Our Web Site View Our Newsletter Ask Me A Question

100% Mortgage Program For San Antonio Physician Home Buyers

There’s a new 100% home mortgage program available for San Antonio physicians.

After the Bank of America Physician Loan Program was suspended in March, 2009, it became virtually impossible for San Antonio area physicians to obtain 100% home mortgage loan financing. Now, there’s good news! A new program has just opened up that’s specifically designed to help qualified physicians, including medical students and residents, acquire a San Antonio area home.

The program offers:

100% financing - no money down
no private mortgage insurance (PMI)
lower monthly payments
thousands saved over the life of the loan
more home for income

Easy qualification and special underwriting for physicians with good credit allows:

student loans deferred for months are NOT counted in qualifying ratios
purchase before starting a new position
qualifying using future income
purchase of ingle family homes, town homes, lofts, and condos

It’s a great opportunity for members of San Antonio’s medical community. For more information, contact us.

We’re 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, please call us at (210) 863-2661 or 867-8743, or send an E-mail to 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.

Visit Our Web Site View OurNewsletter Ask Me A Question

December 28, 2009 San Antonio Realty News You Can Use

Here are some interesting news items for San Antonio home buyers or sellers:

10 Trouble Spots to Consider When Purchasing a Foreclosed Home  from RISMEDIA

Tax credits play a big role in boosting sales from SanAntonioExpressNews

Bexar foreclosure filings at a record high from SanAntonioExpressNews

For honest straight talk about San Antonio realty stuff, contact us.  We’re 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, please call us at (210) 863-2661 or 867-8743, or send an E-mail to 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.


For more information about San Antonio real estate, you can

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San Antonio Realty News You Can Use

RealtyTimes has this interesting article about "How To Save To Buy A Home."  Click to check it out.

If you're interested in buying a condo, this Associated Press article in the San Antonio ExpressNews is both informative and a little troubling.  Go here.

For more information about San Antonio real estate, you can

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We’re 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, please call us at (210) 863-2661 or 867-8743, or send an E-mail to 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.

December 2009 San Antonio Realty Market Report

“May you live in interesting times.” Is it a blessing or a curse?

Across the Nation this year, home buying and selling has been interesting to say the least. Cursed with excessive foreclosures, rigid mortgage lending requirements, lackluster job markets, sluggish home sales and rapidly falling home values, is it any wonder that home buyers and sellers, not to mention their Realtors®, are tired of the curses of 2009’s interesting times.

It’s not so in San Antonio! The Alamo City will close 2009 having one of the Nation’s healthiest large metropolitan economies. Projections for 2010 indicate the area’s immediate future is highly favorable for strong economic growth, low unemployment, and a continuing strong infusion of the monetary and human resources needed to build an even more economically vibrant city.

That said, this year, San Antonio’s housing market was punched around a bit by the national economic downturn. Although home foreclosures went up and average home values went slightly down, recent Federal economic recovery initiatives (like the Tax Credit Program For Home Buyers) appear to be slowing and perhaps reversing those trends.

Here are the relevant market indicators for San Antonio single-family detached homes as of December 8, 2009:

There are 10977 active listings compared to 12603 last year. The inventory is decreasing slowly. That’s a good sign for home sellers and indicates a healthy trend toward achieving a balanced housing supply.

The average sales price for the most recent closings is $180,040 compared to $186,084 last year. The drop in average sales price has, for the most part, been driven by the purchase of a large number of less expensive properties by first time home buyers capitalizing on the recent up to $8000 First Time Home Buyer Federal Tax Credit Program. It remains to be seen how the recent continuation and expansion of the program will impact on San Antonio’s housing market.

The average cumulative days-on-the-market (CDOM) for the most recent sales is 127 compared to 117 last year. During 2009, CDOM figures have been unacceptably high, but have recently trended downward. That’s a positive sign for San Antonio home sellers specifically, and the realty market, generally.

Industry analysts see these data as reflecting a housing market continuing to strongly favor buyers over sellers but trending toward a more balanced market in late winter or early next spring.

That’s all for our December 2009 San Antonio realty market report. In closing, we wish you and yours the happiest of holidays and a healthy and prosperous new year.

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

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San Antonio Realtors® Know More Than Real Estate

There are always a few people in any community that seem to know everyone. In San Antonio, that’s us!

In our business of studying the San Antonio real estate market, we get to meet new people every day. We meet dentists, contractors, business owners, service people, nannies, restaurant owners, and executives. As people who meet new people, one of our favorite things is to connect people that we know.

If you are ever in need of a great recommendation for a San Antonio metropolitan area contractor, restaurant, babysitter, or anything in between, please contact us! We live in such a great community of wonderful people, and we love to help people connect to each other!

And of course, we are always your best resource for your San Antonio area real estate needs.

We’re 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, please call us at (210) 863-2661 or (210) 867-8743, or (800) 201-9145 or send us an E-mail to 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.

For more information about San Antonio,

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Coming soon, look for our new websites for San Antonio physician loans, San Antonio Army PCS, San Antonio Air Force PCS, and San Antonio Navy PCS.

Best Market Ever For AD Military & Veterans Buying A San Antonio Home

Now that the Federal home buyer tax credit program has been expanded and improved, it’s time for San Antonio area veterans and active military personnel to profit from it. Low interest VA, FHA, Texas Vet and other financing programs, along with the tax credit, an ample new and resale home inventory, and a strong buyer’s market, give powerful incentives for present and former uniformed service home buyers to take advantage of what’s likely to be a once in a lifetime San Antonio home buying opportunity.

So, if you’re a veteran or active duty member who’s considering buying a first time home or moving from a current home, don’t miss this wonderful chance to capitalize on your government benefits.

We can help.

We’re 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, please call us at (210) 863-2661 or (210) 867-8743, or send an E-mail to swkrealtor@aol.com or kelleybus@aol.com. Our Realty Solutions Team is always ready to help you with your home buying or selling needs. For more information about San Antonio real estate, you can

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San Antonio Home Buyers Should Always Consider Using A Buyer's Agent

At sanantoniohomequest.com, we believe an educated home buyer is a wise buyer. That's why we have compiled a series of easy to remember essential hints for our home buyer guests. This one's always a hit:

 The buyer should always consider using a buyer's agent.
Why? The buyer's agent is ethically, professionally, and legally obligated to put the buyer's interests first. By using a buyer'sw agent, the buyer avoids the risks and pitfalls of working through a listing agent representing the seller. And, the buyer's agent's services are provided at no additional cost to be buyer.

We’re 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, please call us at (210) 863-2661 or 867-8743, or send an E-mail to 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.


For more information about San Antonio real estate, you can

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New Home Near Ft. Sam Houston and Randolph AFB For $1603 San Antonio O-5 BAH

Hey, San Antonio active duty O-5!

For your $1603.00 with dependents BAH, you can comfortably afford a brand new 4 bedroom, 2 bath, 2 car garage home close to Fort Sam Houston and Randolph Air Force Base.

There are also 15 resale home listings in the area that fall within your BAH affordability range.

For more information, click here, tell us about your home ownership wants and needs and we’ll send you all matching listings around Fort Sam Houston and Randolph Air Force Base.

Visit My Web Site

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Ask Me A Question

We’re 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, please call us at (210) 863-2661 or 867-8743, or send an E-mail to 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.

Put A San Antonio Realtor® To Work For You

It’s no secret that the average consumer turns first to the Internet for home buying and selling information. Why not? It’s the world’s largest library. It’s free and easy to use. It’s chocked full of stats, advice, articles, bulletins, blogs and opinions, not to mention a lot of nutty rants, raves and ruminations. It’s no wonder why, after weaving through the web in search for honest, consistent information, the average realty consumer ends up bewitched, bothered, and bewildered.

Arguably, it’s too risky to trust the Internet if you’re looking for timely and reliable information about something so risky, expensive, and complicated as a real estate deal.

So, who can you trust?

The answer is close at hand. Just contact a local Realtor®. Don’t be shy. A Realtor® won’t try to rope you in, put you in a head lock, or make you do anything you’re not willing to do. A Realtor® will be pleased to answer your questions in hopes of developing a trusting and long term relationship with you.

So, if you’re hopelessly wrapped in the Internet’s realty web, don’t hesitate to ask a Realtor® to cut you loose. You won’t be sorry.

We’ll always be the Realtors® first in line to help you.

We’re 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, please call us at (210) 863-2661 or 867-8743, or send an E-mail to 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.

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New San Antonio Physician 100% Home Loan

There’s a new 100% home mortgage program available for San Antonio physicians.

After the Bank of America Physician Loan Program was suspended in March, 2009, it became virtually impossible for San Antonio area physicians to obtain 100% home mortgage loan financing. Now, there’s good news! A new program has just opened up that’s specifically designed to help qualified physicians, including medical students and residents, acquire a San Antonio area home.

The program offers:

100% financing - no money down
No private mortgage insurance (PMI)

• lower monthly payments
• thousands saved over the life of the loan
• more home for income

Easy qualification and special underwriting for physicians with good credit

• student loans deferred for months are NOT counted in qualifying ratios
• allows purchase before starting a new position
• allows qualifying using future income

Single family homes, town homes, lofts, and condos acceptable

It's a great opportunity for members of San Antonio's medical community.  For more information, contact us.

We’re 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, please call us at (210) 863-2661 or 867-8743, or send an E-mail to 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.

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Updated 2009/2010 San Antonio Homebuyer Tax Credit On YouTube

If you're tired of reading the sometimes confusing articles about the expanded and extended 2009/2010 Federal Tax Credit Program For Home Buyers, you'll find this YouTube video to be worth a thousand words.

http://www.youtube.com/watch?v=IMzTpn3FvA8

For more information about San Antonio real estate, you can:

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We’re 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, please call us at (210) 863-2661 or 867-8743, or send an E-mail to 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.

Brand New Home Near Ft Sam Houston and Randolph AFB For $1257 Monthly E-6 BAH

Hey, active duty E-6!

For your $1257.00 BAH, you can comfortably afford a brand new 3 bedroom, 2 bath, 2 car garage home close to Fort Sam Houston and Randolph Air Force Base.

There are also 120 resale home listings that you can easily afford with your $1257.00 BAH entitlement.

For more information, click here , tell us about your home ownership wants and needs and we'll send you all matching listings around Fort Sam Houston and Randolph Air Force Base.

Visit My Web Site

View My Newsletter

Ask Me A Question

We’re 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, please call us at (210) 863-2661 or 867-8743, or send an E-mail to 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.

2009 San Antonio, Texas, BAH For Army, Navy, Airforce, Marine Corps, and USCG

This blog is of interest to Navy, Army, Airforce, Marine Corps, and Coast Guard personnel on orders to Fort Sam Houston, Randolph AFB, Lackland AFB, Brooks City Base, and associated military sub-installations.

The following link for calculating your San Antonio BAH is provided compliments the San Antonio Home Quest Realty Services Team.

Click to calculate your San Antonio BAH for 2009.

Call us at (210) 863-2661 or (210) 867-8743 or send an E-mail to kelleybus@aol.com and we’ll match your BAH with homes for sale or rent near your San Antonio duty station. All we need to know is your rank and basic home ownership requirements (bedrooms, baths, 1 or 2 story home, garage spaces, and any other wants and needs you want us to search for).

We answer all inquiries as promptly as possible.  Click here to post your SanAntonioHomeQuestions.
Visit us at sanantoniohomequest.com for all your San Antonio area realty needs.

November 2009 San Antonio Realty Market Report

During the last 12 months, San Antonio has consistently ranked as either number 1 or 2 among the Nation’s leading large city economies. Notably, in October 2009, the Alamo City was ranked in Business Week and by the Brookings Institution as having the strongest metropolitan economy in the Nation. Also, a little more than a year ago in a Forbes Magazine study, the city finished second to Oklahoma City for the title of the having the Nation’s top economy..

Although not totally immune, San Antonio has escaped the current recession’s worst effects because its economy is driven by relatively recession proof sectors such as health care and insurance.

Strong Federal sector activity is also a major contributing factor. The infusion of manpower, money, and material resources associated with the area’s Military Base Realignment and Closing (BRAC) construction projects has served to mostly offset the national recession’s local impact. For at least two more years, the flood of BRAC resources will continue to enhance and stimulate San Antonio’s economic growth.

Considering the above, it’s not surprising that all key indicators are positive for San Antonio’s vitality for the indefinite future.

What about San Antonio’s housing market? Strong economies drive strong housing demand, and, in light of San Antonio’s thriving economy, realty market analysts expect San Antonio to have one of the Nation’s healthiest housing markets for months to come.

That’s not surprising. During good economic times and even during the current recession, San Antonio’s housing market has been recognized for its relative stability. Quoting the Brookings Institution’s Alan Berube, San Antonio didn’t participate in “the ridiculous run-up in housing prices” that caused catastrophic meltdowns when the Nation’s real estate bubble burst. “San Antonio didn’t lose as much in the first place, so it could be ready to turn around sooner,” he said.

Basically, the secondary impacts of the National recession have caused San Antonio’s housing market to experience an atypical and, hopefully, a short term downturn.

The downturn is reflected in these key market indicators for San Antonio single family detached homes as of today - November 7, 2009:

• There are 11025 active listings as compared to 12919 last year. The inventory is decreasing slowly. That’s usually a good sign for sellers and indicates a healthy trend toward achieving a balanced housing supply.

• The average list price for the most recent sales is $174,901 as compared to $194,962 at the same time last year. The average sale price for most recent sales is $168,084 as compared to last year’s $185,87l. For San Antonio, these figures represent an atypical and unusually drastic drop in home sale prices. The drop is undoubtedly driven by the purchase of a large number of less expensive properties by first time home buyers capitalizing on the up to $8000 First Time Home Buyer Federal Tax Credit Program. It remains to be seen how the recent continuation and expansion of the program will impact on San Antonio’s housing market.

• The average number of days on the market (DOM) for the most recent sales is 128 as compared to 117 last year. DOM figures have been unacceptably high for the last year but have started to trend downward. That’s a positive sign for San Antonio’s home market.

Industry analysts see these data as reflecting a housing market continuing to strongly favor buyers over sellers but trending toward a more balanced market in late winter or early next spring.

That’s all for our November 2009 San Antonio realty market report. In closing, we wish you a wonderful month and a happy and safe Veterans Day and Thanksgiving holiday.

For More Information:

Visit My Web Site

View My Newsletter

Ask Me A Question

We’re 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, please call us at (210) 863-2661 or 867-8743, or send an E-mail to 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 Army PCS Home Buyer Rewards

There’s a special benefit for active duty and retired Air Force members and other public servants using the services of the SanAntonioHomeQuest.com Realty Solutions Team.

Specifically, if you are an active duty or retired military member or family member, or a government civil service or public service employee or family member, you are eligible for SanAntonioHomeQuest’s Public Service Reward Program . To qualify, all you have to do is use our buyer representation services to purchase a San Antonio area residence from 1 October 2009 to 30 April 2010. Upon closing your home purchase, you’ll receive a cash back reward based on your home’s purchase price.

For more information, contact Randy or Stephanie Kelley, Realtors®, Keller Williams Legacy, San Antonio. Visit our website at SanAntonioHomeQuest.com . Call us at (210) 863-2661, (210) 867-8743, (800) 201-9145, or E-mail us kelleybus@aol.com and swkrealtor@aol.com.

San Antonio Air Force PCS Home Buyer Rewards

There’s a special benefit for active duty and retired Air Force members and other public servants using the services of the SanAntonioHomeQuest.com Realty Solutions Team.

Specifically, if you are an active duty or retired military member or family member, or a government civil service or public service employee or family member, you are eligible for SanAntonioHomeQuest’s Public Service Reward Program . To qualify, all you have to do is use our buyer representation services to purchase a San Antonio area residence from 1 October 2009 to 30 April 2010. Upon closing your home purchase, you’ll receive a cash back reward based on your home’s purchase price.

For more information, contact Randy or Stephanie Kelley, Realtors®, Keller Williams Legacy, San Antonio. Visit our website at SanAntonioHomeQuest.com . Call us at (210) 863-2661, (210) 867-8743, (800) 201-9145, or E-mail us at kelleybus@aol.com and swkrealtor@aol.com.

Time For San Antonio Home Renters To Buy

Who do you know right now that is renting? With so many opportunities for first-time San Antonio area home buyers, everyone who is renting should at least explore what opportunities may be available. Sellers are now helping buyers with down payments, buying down rates, concessions, and much more! Who do you know that might want to learn more?

The real estate market changes quickly, so don’t let your friends miss out on this fantastic opportunity. Email or call us today with the names and contact information of people we may be able to help.

Contact Randy or Stephanie Kelley, Realtors®, Keller Williams Legacy, San Antonio, for all your realty needs.

Ask us about our buyer reward cash bonus program.

Visit our website at SanAntonioHomeQuest.com . You can call us at (210) 863-2661, (210) 867-8743, (800) 201-9145, or E-mail us at kelleybus@aol.com and swkrealtor@aol.com .