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San Antonio or Bust
If you are considering buying a home in the San Antonio area, keep going! According to Ellen Florian Kratz, of FORTUNE, out of all the cities in the United States, San Antonio is forecasted for the highest growth for 2006 and 2007, at a rate of 8.3% and 7.0%, respectively. Check it out here. "So far this year, San Antonio has done even better, with a 9 percent increase in the median price of a single-family home, according to first-quarter statistics released this week by the San Antonio Board of Realtors". Homes in the San Antonio, Alamo Heights and Spring Branch areas are definately reasonably priced. The average price for a single family residential for sale can easily be found for under 200,000 dollars.
Buyers, you are very lucky as this area is booming and the prices are there for the picking! Some of this can be attributed to a stronger economy in Alamo City. There has been job growth as well as a strong retail sector to back it up, thanks to companies such as Toyota and the Bass Pro Shop.
The rental market is still very strong. Rents are averaging approximately $1,100 - $1,200. Also, for approximately 70% of rental properties, the average days on the market is about 60 days. However, it is wise to be cautious if you are considering acquiring a rental property, as the price of your home versus your monthly cash flow may not be where you want it to be. Overall, for the long-term investor, renting here can be a great investment due to a strong rental market that will most likely stay that way thanks to the local colleges, hospitals and a growing economy.
Want to learn more? Contact the Heart of Texas Realty today for a FREE consultation!
Source: Real Estate Center
First Time Buyers >When is the Time to Buy
Buying a home for the first time is a major decision that requires planning and preparation. Becoming a homeowner is an exciting process with many complexities that real estate agents are trained to manage.
We are experienced in working with first-time buyers and are well-versed in the creative financing that can make dreams become realities. For those who are low on cash, there may be a mortgage assistance program to help you purchase a home with limited funds. Your real estate agent is familiar with these programs, which have variable guidelines. There are many financing options available in today's marketplace. A little creativity can help you enjoy the freedom and security of owning your own home and building up equity as your property increases in value.
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In what area of the United States did the price of existing homes increase most dramatically in 2005?
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Phoenix, Arizona real estate recorded a 55.2 percent increase in home prices during 2005. |
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John Thurman, ABR, GRI, CRS
Heart of Texas Realty
13810 Bluff Lane
San Antonio, TX 78216
Phone #: (210) 481-6767
Fax #: (210) 496-2354
John@HeartofTexasRealty.com
John Thurman, ABR, GRI, CRS, is the Broker/Owner of Heart of Texas Realty and Talk Show Host of the Real Estate Focus Show on News-Talk 930 KLUP. He specializes in assisting families’ relocate either across the country or across the street. He is the Charter President of the Rotary Club of San Antonio at The Dominion, Founder and Chairman of Gateway San Antonio Corridor, Inc, and Founder of the First Voice Networking For Realtors in San Antonio.
San Antonio’s Most Listened To Realtor and Host, Real Estate Focus Talk Show on News-Talk 930 KLUP.
RE License # 518954         
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