Forbes Where Home Prices Are Likely To Rise
August 26, 2008
Forbes.com just released the top 10 cities which homeowners can expect long-term appreciation. Two Texas cities, San Antonio and Austin made the list.
To determine where house prices are expected to rise next, Forbes.com looked at projections for housing starts from the NAHB and job-growth figures from Moody’s Economy.com, for the 100 largest metro areas in the U.S. The estimates are based on the cost structures of business in the respective cities and the composition of the local economies.
10. Oklahoma City
9. Atlanta, Ga.
8. Minneapolis, Minn.
7. Colorado Springs, Colo.
6. Salt Lake City, Utah
5. Austin, Texas
4. Portland, Ore.
3. San Antonio, Texas
San Antonio Real Estate Market Report July 2008
August 21, 2008
July 2008 MLS Report |
||
| Sales | Sales Year Ago | % Change Year Ago |
| 1,826 | 2,262 | -19% |
| Average Price | Avg Price Year Ago | % Change Year Ago |
| $190,056 | $188,099 | 1% |
| Median Price | Med Price Year Ago | % Change Year Ago |
| $156,500 | $154,700 | 1% |
| Price Per Sq Ft | Price Per Sq Ft Year Ago | % Change Year Ago |
| $88 | $90 | -2% |
| Days On Market (DOM) | DOM Year Ago | % Change Year Ago |
| 81 | 63 | 29% |
2008 Parade of Homes at Cibolo Canyons Begins Saturday August 30th
August 20, 2008
The 2008 Parade of Homes, brought to you by CPS Energy, will be the first-ever Parade to feature all Green-built homes. This 10 day event will be held at “Palacios at Cibolo Canyons,” a breathtaking new subdivision and site of the new JW Marriott San Antonio Hill Country Resort and Spa. This fabulous destination resort boasts two Tournament Players Clubs (TPC) golf courses amid the understated elegance of the Texas hill country.
Are You Investing In The Right Cities?
August 18, 2008
First American CoreLogic, today announced the release of its full month June 2008 LoanPerformance Home Price Index (HPI).
| 12-Month Change By Top CBSAs (Core Based Statistical Areas) as of June 2008 | ||
| 12-Month | ||
| Change | ||
| Los Angeles-Long Beach-Glendale, CA | -26.55% | |
| Riverside-San Bernardino-Ontario, CA | -26.07% | |
| Oakland-Fremont-Hayward, CA | -25.67% | |
| Miami-Miami Beach-Kendall, FL | -24.00% | |
| Las Vegas-Paradise, NV | -23.52% | |
| Cape Coral-Fort Myers, FL | -22.17% | |
| San Diego-Carlsbad-San Marcos, CA | -22.09% | |
| Phoenix-Mesa-Scottsdale, AZ | -21.14% | |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | -20.06% | |
Bexar County Foreclosure Filings Up 10.7 Percent For September
August 16, 2008
Written by Aïssatou Sidimé from the Express-News
Mortgage lenders have filed to auction off 869 Bexar County properties at the September foreclosure auction, according to RexReport.com — a 10.7 percent increase from the 785 postings in the same month last year.
The percent increase is less than August’s 11.2 percent increase from August 2007, reflecting a continued slowing of the increase in foreclosure postings that began in June.
The auction will be held Sept. 2 on the Bexar County Courthouse steps.
Banks Continue to Tighten Lending Standards
August 14, 2008
The results of a new survey released Monday by the Federal Reserve confirms what many people looking to buy or refinance already know — it’s hard to get approved for a loan.
The Fed’s July 2008 Senior Loan Officer Opinion Survey, which covered 52 domestic banks and 21 U.S. branches and agencies of foreign banks, found that 75 percent of those banks had tightened lending standards for prime loans since the previous survey, in April. Standards were tightened even more for “nontraditional” loans — 85 percent of banks that originate that type of loan said they had tightened standards on those loans. And six out of seven banks that originate subprime loans said they had tightened lending standards on those loans in the last three months.
Nehemiah Launches Web Community in Support for Seller Funded Downpayment Assistance
August 13, 2008
Nehemiah Corporation of America announced the launch of www.DPAGroundSwell.org, a web-based community established to mobilize the growing industry opposition to the October 1 ban on seller-funded downpayment assistance (SF-DPA). The ban on these programs was written into law by President Bush when he signed H.R. 3221 Housing and Economic Recovery Act of 2008 on July 30, 2008.
The site will bring together families and individual homeowners as well as industry groups and local members of the real estate market including brokers, bankers, lenders, homebuilders and others to provide a central information and communication hub to fight the ban.
Centex Opens New More Affordable Section in Northwest San Antonio
August 12, 2008
Centex northwest San Antonio community of Monticello Ranch is opening its newest section of homes
on August 9th, which will offer homebuyers a more affordable option in the already popular community.
The newest addition will be called The Oaks of Monticello Ranch and it will feature one and two story
home designs from 1,201 to 2,444 square feet, with three or four bedrooms and up to three baths. These
homes will be priced from the $110s to $140s.
Bella Vista Homes Announces the Grand Opening of Saddle Creek Ranch
August 11, 2008
Bella Vista Homes announces the Grand Opening of their newest community, Saddle Creek Ranch. Featuring a series of homes never before seen in San Antonio, Bella Vista will offer plans ranging in size from 1,200 to more than 3,000 square feet and base prices between the $130’s to $190’s. Their featured model, the Garner II, will be open to the public by early August, and showcase a 5 bedrooms, 3.5 baths, a game room and a media room in its spacious 3,044 square feet, with a first-floor owner’s retreat and family room ceilings that soar to the second floor.
First-Time Home Buyer Tax Credit Fact Sheet
August 7, 2008
On July 30, 2008, President Bush signed a major housing bill (H.R. 3221) into law. As part of the housing bill, Congress has created a new, temporary tax credit to provide an incentive for first-time home buyers.
Disclaimer: This information is provided for general awareness only, and is not intended for the purpose of providing legal, accounting, tax advice or consulting of any kind. Please consult with your tax professional for complete details.
Who is Eligible
- The $7,500 tax credit is available for first-time home buyers only.
