Forbes magazine has continuously listed San Antonio as one of the nation’s most successful real estate markets. As I’ve mentioned before, the continual job growth we experience combined with our affordable housing and growing military presence has allowed our real estate market to hold steadier than much of the nation. Recently, Forbes even named San Antonio the second best “recession proof” real estate markets and the third best housing market. That should give current home owners and those of you who are thinking of purchasing a home something to smile about.
What does this all really mean to you? First of all, investors from all over the nation are reading the articles, studying the numbers and turning towards our city as a safer real estate investment than almost anywhere else in the United States. Home prices have dropped, especially those in the higher price ranges, because of the wide spread national real estate issues. This means that if you’ve been thinking about buying that home you’ve always dreamed of there really may not be another opportunity like there is today. Furthermore, corporate owned properties or home owner’s who are being transferred, like the AT&T employees, are motivated to set the price of their home as realistically as possible to move the homes quickly. There are some great opportunities out there if you are willing to move on them quickly. Of course, no investment is 100% guaranteed but I can tell you that lately the housing market, at least our local housing market, has been much more predictable and reliable than the stock market. There are even some signs that the rest of the country’s real estate market is strengthening which means that San Antonio should start to see an even better real estate market than what we are looking at now.
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