NEWS FOR SAN ANTONIO HOME BUYERS AND SELLERS

IF YOU'RE LOOKING TO BUY OR SELL A SAN ANTONIO, TEXAS, HOME, VISIT US AT SANANTONIOHOMEQUEST.COM.

From Steven Gragg, Broker at Keller Williams Legacy, here's the latest news of interest to San Antonio area homeowners and home buyers and sellers:

1.  Wall Street Journal…Rising Home Sales support the case for housing recovery.  The index for pending sales rose in May to match March, which was the highest point in 2 years.  They rose 5.9% from April and 13.3% above a year ago.
2. A developer plans a 400 unit apartment complex on Stone Oak Parkway on 27 acres between Canyon Golf Road & U.S. 281.
3. US 281 to get $100M fast lanes.  The high-speed fast lanes will be for buses and carpool lanes.  Other drivers who pay could us the lanes also.  Plan with tolls on expanded Loop 1604 and US 281 approved.
4. Texas factories boomed in June posting the best showing in 15 months.
5. United Health care SA center plans to add 250 jobs.
6. CNN Money named the nation’s most business friendly cities.  SA came in 3^rd.

News For San Antonio Home Buying And Selling

IF YOU ARE BUYING OR SELLING A SAN ANTONIO, BULVERDE, OR ALAMO CITY MILITARY BASE AREA HOME, VISIT US AT SANANTONIOHOMEQUEST.COM.

Here’s the latest news from Steven Gragg, Broker at Keller Williams Legacy, San Antonio.

1. Sand Storage plant to service the Eagle Ford Shale is being built in the booming southwest corner of Bexar County (Loop 410 & IH 35). One of the hottest areas for industrial development. It’s not far from Lackland Air Force Base.


2. Bexar Foreclosures YTD are down 6% and well below 2010 record year.


3. Foreign buyers snap up properties in the U.S. International buyers accounted for $82.5 billion or 8.9% of residential sales last year up 24% over the previous year. 55% of all sales occurred in Florida, California, Texas, Arizona and New York.


4. 5-Year forecast sees jobs booming. SA is listed as one of 8 U.S. cities with surprising job growth over the next 5 years. SA should expect 150,000 more jobs to be added over this time.

LOOKING TO BUY OR SELL A SAN ANTONIO, BULVERDE, OR  MILITARY BASES AREA HOME? VISIT SANANTONIOHOMEQUEST.COM Dear Friends, Join us for our Corn and Potato Chowder special, our Herb Marinated Pork  Tenderloin en Croute with Wild Mushroom Duxelles and a Cherry Demi  Glace entree special or our Pan Seared Sea Bass over Feta Mashed  Potatoes with an Olive, Heirloom Tomatoes and Fresh Basil Relish entree  special. Stop by Sunday from 11am-2pm for our Brunch Buffet. The menu will  include a salad bar, sides, hot entrees and so much more! The price   for a child’s buffet (under 10) is $6.00 and an adult buffet is $12.95. Make plans now to attend our Italian Wine Dinner on June 28th. Call  830-438-2747 for more details or to make your reservation. Bon Appétit, Chef Mike

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San Antonio Realty In The News

San Antonio Realty In The News

• SA continues with strong growth...SA Air opens new center and will add 322 jobs...SA call center hiring again 125 by Aug 1st...Waterless fracking firm moving here from Canada to hire 100
• Ramen noodle maker plans to build a plant on the SW side of SA. Could hire up to 600
• Express real estate "Local Home Prices, Sales are on the Rise". The median price rose 4.8% in May and sales were up 3.8%. YTD sales are up 6.2%. We have a 6.9 month supply of homes

Looking to buy or sell a San Antonio, Texas, area home, then visit sanantoniohomequest.com - the number one site for Alamo City realty research.

San Antonio Father's Day Lunch Specials

LOOKING TO BUY OR SELL SAN ANTONIO REAL ESTATE?
VISIT SANANTONIOHOMEQUEST.COM.

Dear Friends, This Father's Day, June 17th, join us for a special brunch buffet, featuring Omelets,  BBQ Ribs, Herb Roasted Chicken, French Toast and Salmon, plus, fresh sides like our Loaded Mashed Potatoes, Corn on the Cob, Garden Salad, Shrimp Pasta Salad and Tropical Fruit Salad. For dessert, enjoy White Chocolate Bread Pudding with  Rum Sauce or our New York Style Cheesecake. Email us or call 830.438.2747 to make a reservation. Bon Appetite, Chef Mike

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For the 4th time in as many years, the group at Keller Williams, Legacy (where I work) sponsored a BBQ benefiting the Children's Shelter of San Antonio.  It's called Grillin' on the Lot and with today's temperatures reaching around 100 degrees, there was a lot more "grillin" than just the BBQ.  The amazing volunteers braved the heat and raised quite a bit of money for the Children's Shelter. They were still counting a few minutes ago and even before the profits from all the desserts (generously donated by agents at the office) the amount has surpassed last years' event. 

I am proud to be part of  an organization that supports a worthy cause and gives back to the community.  You can learn more about the Children's Shelter by visiting their website. 

Christmas in July  to benefit the shelter is the next event that Keller Williams, Legacy will be sponsoring.  If you are in our area, please drop by our office with your donations - anytime during the month of July.  We have a big bin that is located by the front desk.  Drop by and say Hi!   Diapers, toiletries, gift cards and cash donations are always welcome.  There is a detailed list of wish items and ways that you can help at the website.

****

I am Stephanie Kelley, Realtor® at Keller Williams Legacy, San Antonio, Texas. If you have questions about San Antonio real estate or just want to chat a bit about our wonderful Alamo City, please call me at or (210) 867-8743, or E-mail me at swkrealtor@aol.com Our experienced Realty Solutions Team is always ready to help you with your home buying or selling needs. Visit me at http://SanAntonioHomeQuest.com

June 2012 San Antonio Home Sales Report

It’s summer in San Antonio.  After a marvelously green spring, the weather has turned typically hot and dry.

   

Does the Alamo City’s residential realty market match the weather? The answer is yes and no. Homes sales are hot, but the market isn’t in any sense dry.

During the first months of this year, home sales activity was very healthy, leading many realty analysts to believe that San Antonio has fully recovered from the minimal home sales downturn experienced during the recent great national recession.

Now, in early June, key residential realty market indicators are all exceptionally positive for the Alamo City and surrounding communities.

Specifically, compared to June 2011:

Pending home sales are up 11%

List prices are up 6.7%

Latest closed sale prices are up 7%

The median sales price for the most recently closed homes is up 5%

So, why is San Antonio’s residential realty market so vibrant this year?

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 high for those who can qualify, mortgage interest rates are historically low, and the area continues to receive an influx of retiree families, job seekers, and military and corporate relocation buyers eager to take advantage of San Antonio’s well priced homes.  Significantly, ongoing development of the nearby Eagle Ford Oil Shale Field is infusing previously unimagined money and manpower into the area.

What does such good news mean for home sellers and buyers?

The area’s months long home buyers’ market is essentially dead. The residential listing inventory is relatively low and homes are selling well, particularly in the moderately to higher priced subdivisions in San Antonio’s north, northeast, and northwest sectors.

The advantage goes to sellers willing to beat out the competition by expending the resources needed to put their homes in prime market condition.

Both buyers and sellers should keep this in mind. Those willing to negotiate realistically based on San Antonio’s market realities are the ones most likely to leave the closing table the most satisfied.

That’s all for our June 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 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 Called Bright Spot In National Housing Sector

If you're looking to buy or sell an San Antonio home, please visit us at sanantoniohomequest.com.

NOW, HERE'S THE NEWS

According to a recent artice by Tricia Lynn Silva in the San Antonio Business Journal "San Antonio's housing market showed impressive gains in April according to the San Antonio Board of Realtors (SABOR)."

With an average home price of $193,560 and an 8% home price increase from April 2011, the Alamo City  is cited as a shining example of a strong realty market.

Other key indicators are a 7 percent increase in the median home price compared to April last year - from $147,300 to $157,400.

FNC Inc. - a real estate information technology company - is cited in Tricia's article.  FNC tracks price trends in the nation's 100 largest realty markets.  According to FNC, only two of the markets have markedly improved since 2007.  They are Houston and San Antonio.

The intensity of this year's aggressive market condition is evidenced by reports of multiple simultaneous offers for better listings, slower processing times for loans, and competition at the title companies for the best closing appointment times.

How long will San Antonio's really hot realty market last is anybody's guess, but, typically, the area's realty sales high season is over by the 4th of July.  If the current trend continues, the exceptionally active sales season may last into the fall months.

MAY 2012 SAN ANTONIO RESIDENTIAL REALTY MARKET REPORT

If you're looking for San Antonio area homes for sale or need advice and assistance with the best way to buy or sell a San Antonio area home, visit us at sanantoniohomequest.com.

Now, here is our May 2012 residential real estate market report for San Antonio, Bexar County, Bulverde, the San Antonio military base areas and the counties around Bexar County.

As we enter May 2012, there’s little need to elaborate on San Antonio’s excellent residential realty market. Many factors have converged to cause what looks like an unusually early peak home selling season. The local and regional economies are being strongly driven upward by the nearby Eagle Ford Shale Oil Boom, tourism and the region's vibrant service and medical industries. Population growth is high and, after being relatively flat during the late Great Recession, home values in most neighborhoods are rising.

Home sellers have responded accordingly as evidenced by a gradual upward creep in the asking price for homes for sale.

Buyer response has been exceptionally good so far, especially for lower to moderately priced homes.

Most realty industry analysts agree that San Antonio’s current home sales environment is much better than last year’s relatively tepid atmosphere.  If current trends continue, it will be hard to avoid characterizing his year’s realty market as vibrant.

For those who love stats, here are the key indicators for San Antonio's single family detached home listings as of 8 May 2012.

There are 10,445 active listings, compared to 12,068 one year ago. The inventory is slowly increasing, but not as rapidly as one would expect for the season. That’s a good sign for sellers.

The average sales price for the most recent closings is $193,016, compared to last year's $180,957. The increase in average sales price is a good sign for sellers.

Average cumulative-days-on-the-market (CDOM) for the most recent sales is 139 compared to 144 last year. Decreasing CDOM is positive for San Antonio home sellers.

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

That's all for our May 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.

Looking to buy or sell a San Antonio home, visit SanAntonioHomeQuest.com.

Rates are Trending UP We've seen a bit of a roller coaster to rates over the past week, and we've seen rates improve. However, the technicals show us that we will probably see some of those gains disappear, and may see rates go up anywhere from .125% to .250% over the upcoming week or two. Intraday volatility is not as high as we sometimes see, rates are trending in a more consistent fashion, but that can always change without much notice. For the most up-to-date on rate activity, just reach out and I'll be glad to help you.

Cyrena Adams-Durkee
United Lending
Senior Loan Officer
NMLS # 232118
(210) 918-6874
cyrena.durkee@unitedlendingusa.com
HomeLoans2You.com

United Lending a Division of Network Funding NMLS #2297
Licensed/Registered with the State of Texas

San Antonio Open Houses - Sunday 15 April 2012

This exquisite north Bexar County estate home will be open for viewing on Sunday, 15 April 2012, from 1:00 to 4:00 PM.  For more information, visit the detailed description and pictures at sanantoniohomequest.com.

We specializse in providing the finest in realty services.  Contact us for more information or an appointment to list a property or to 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 SanAntonioHomeQuest.com Realty Solutions Team

Keller Williams Legacy

San Antonio, Texas

San Antonio Homes For Sale North East School District

If you’re looking for a quality, stylish, and conveniently located 4 bedroom home in San Antonio's highly rated North East Independent School District (NEISD), this is the one to see. It’s reasonably priced and located in a well maintained neighborhood near the area’s best shopping, entertainment, and recreation centers.  It has easy access to the major road networks leading to downtown San Antonio, Randolph Air Force Base, SAMMC, Fort Sam Houston, and Lackland Air Force Base. Go to http://www.sanantoniohomequest.com/MyHomeDtl.asp?lstPages=1&HomeID=1292806 for more pictures and detailed information.

We specialize in providing the finest in realty services for San Antonio area home buyers and sellers. Contact us for more information about how to best  buy or sell a home or for an appointment to visit this listing or any residential property for sale in and around San Antonio, Bulverde, and the communities near San Antonio’s military bases.

Brought to you by Stephanie and Randy Kelley, Professional 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 78258

BEST SUNDAY & EASTER BRUNCH IN SAN ANTONIO

LOOKING TO BUY OR SELL A SAN ANTONIO, BULVERDE, NORTHERN

BEXAR COUNTY, SOUTHERN COMAL COUNTY HOME, THEN VISIT US AT

SAN ANTONIOHOMEQUEST.COM .

Now, here's information about the finest Sunday and upcoming Easter

buffet in the area.

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San Antonio Open Houses - Sunday, 18 March 2012

This exquisite north Bexar County estate home will be open for viewing on Sunday, 18 March 2012, from 2:00 PM to 5:00 PM.  For more information, visit the detailed description and pictures at sanantoniohomequest.com.

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

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.