New Slate Creek Townhomes at Westover Hills
July 8, 2008
People are busy and want homes that have the look of luxury, yet are convenient and easy to maintain. Homebuyers can now relax at the end of a busy day in a peaceful setting just 15 minutes from downtown San Antonio, in the brand new gated community of Slate Creek at Westover Hills by Birkel Residential Group.
“We offer San Antonio homebuyers the option of affordable luxury and resort-style living in a convenient, low maintenance lifestyle for everyone from the young professional to the empty nester,” said Paul R. Milosevich, president of Birkel Residential Group. “We are proud to offer San Antonio homebuyers an alternative luxury housing option in a convenient location.”
Texas Cities Continue To Show Home Price Appreciation
July 5, 2008
First American CoreLogic, family of companies and a leader in residential mortgage data and analytics for the mortgage industry and Wall Street, today announced the release of its April 2008 LoanPerformance Home Price Index (HPI).
The LoanPerformance HPI provides a comprehensive set of monthly home price indices and median sales prices covering 7,529 ZIP codes, 958 Core Based Statistical Areas (CBSA) and 672 counties located in all 50 states and the District of Columbia. The indices, which are the most comprehensive available in the industry, are reported to clients five weeks after each full month ends.
PMI Mortgage Insurance Co. Rates San Antonio A Low Risk Market
July 4, 2008
The PMI U.S. Market Risk Index is based on data including the OFHEO House Price Index, labor market statistics from the Bureau of Labor Statistics, and the PMI Affordability Index, which uses local per capita household income, home price appreciation, and a blended mortgage rate to calculate the local share of mortgage payment to income relative to its baseline year of 1995. The PMI U.S. Market Risk Index scale ranges from one to 100 and translates to a percentage. For example, a score of 50 indicates a 50 percent chance that home prices will be lower in two years.
HUD Makes Changes to the FHA Program
July 2, 2008
The U.S. Department of Housing and Urban Development recently made several changes to the Federal Housing Administration loan program to assist consumers. These changes are designed to expand FHA financing opportunities for borrowers while guarding against overextending the program.
A. Waiver of Anti-Flipping Regulations – For a period of one year beginning June 9, 2008, HUD will insure FHA loans secured by property acquired by lenders through foreclosure, without regard to whether the lender is a state- or federally-chartered institution.
San Antonio FEMA Flood Plain Map Appeal Period Ends August 6th
July 1, 2008
San Antonio River Authority (SARA), as part of the Bexar Regional Watershed Management (BRWM) partnership, received confirmation from the Federal Emergency Management Agency (FEMA) that the beginning of the anticipated 90-day appeal period of updated Digital Flood Insurance Rate Maps (DFIRMs) will begin on May 9, 2008. It is during this time that all protest and appeal forms and any necessary supporting data will need to be mailed to SARA to be acknowledged as received and identified on the appropriate DFIRMs.
San Antonio Real Estate Market Report May 2008
June 21, 2008
Sales may be down from years past but then again we are comparing 2008 to the best couple of years in San Antonio’s housing market history. With a low unemployment rate, job growth, increase in population and overall healthy local economy, we are pretty good shape compared to other U.S. cities.
Sales for Single Family homes dropped 24 percent in May 2008 to 1,821 compared with 2,388 sales in May 2007, according to the San Antonio Board of Realtors.
But home prices still continue to appreciate, as the median price rising 4 percent to hit $155,100 from $149,100 and the average price also increased by 4 percent to $191,151 from $183,065 from the same time last year.
Bexar County Foreclosure Filings Down 6 Percent for June
June 13, 2008
Written by By Aïssatou Sidimé from the Express News
Bexar County foreclosure filings dipped below 900 for the first time in five months, continuing a general trend of declines.
However, the July foreclosure auction postings still are above 2007 levels, according to two new reports.
Lenders filed to auction 872 properties in the Bexar County foreclosure auction set for July 1, according to Foreclosure Listing Service Inc.
That’s a 6 percent decline from the June auction postings.
Lenders filed to auction far fewer single-family residences, accounting for the bulk of the decline, according to data provided by San Antonio-based RexReport.com, which tracks foreclosure postings for investors.
Be Homes Opens The Parc at Escondido In NE San Antonio
June 10, 2008
Be Homes, LLC has open their latest residential community The Parc at Escondido located in Northeast San Antonio. The master planned community is on the smaller size with only have 450 homes to be built through 5 development phases.
The Parc at Escondido features a 28 acre amenity complex which includes acres of green space, a 94 ft. swimming pool, and 4,500 sq ft. covered pavilion for social gatherings, an administration building and pool house, children’s play area, pergola, separate picnic facilities, sport courts (basketball, volleyball and tennis), soccer field and baseball field.
Sitterle Homes Opens New Model Home In Stately Oaks
May 28, 2008
We reported back in March a new gated community located in the Stone Oak area named Stately Oaks from homebuilder Sitterle Homes. Now a short two months later, Sitterle Homes has opened it’s new model home in Stately Oaks. A new family-oriented community in the Heights at Stone Oak priced from the $250’s.
The two-story model showcases the Pamplona plan, a family friendly design with soaring ceilings and many windows allowing radiant natural light to enter the home. The home features 4 bedrooms, with the master bedroom downstairs and 3 additional bedrooms upstairs. Also a game room upstairs, 3 baths, study, formal dining, a living/flex room downstairs, a family room with a 20′ ceiling, as well as an outdoor kitchen, patio and deck.
San Antonio Real Estate Market Report April 2008
May 23, 2008
San Antonio’s housing market continues to slow, with fewer home sales for the 12th straight month when compared to the same time last year. While sales may be down, home values continued to rise at a healthy pace.
Existing home sales dropped 17 percent in April to 1,681 sales compared with 2,017 sales in April 2007, according to the San Antonio Board of Realtors.
But home prices did appreciate, rising 5 percent to hit $155,300 from $148,400 in April 2007.
