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.
TriStone Homes Opens Its Doors In San Antonio
August 2, 2008
Press Release:
At TriStone Homes, we have combined the most innovative floorplans and the most detail oriented craftsmanship in the business to bring San Antonio homebuyers a gorgeous new home to enhance any lifestyle. We have targeted the most up and coming communities in the city to showcase our newly designed homes priced from the $130’s to the $240’s. TriStone Homes will have a home for everyone from the first time buyer to the family looking to move up into their second home.
San Antonio Builders Scale Back
August 1, 2008
Written by Aïssatou Sidimé from the Express-News
San Antonio-area builders continued to chip away at the oversupply of new homes that has saturated the market since 2006, selling more homes than they started in the second quarter.
Local builders started 2,495 homes in the quarter ended June 30, down 35 percent from the 3,832 homes started in the second quarter 2007, according to a report released Thursday by Metrostudy, a housing research firm.
San Antonio Real Estate Market Report June 2008
July 25, 2008
June 2008 MLS Report |
||
| Sales | Sales Year Ago | % Change Year Ago |
| 2,043 | 2,355 | -13% |
| Average Price | Avg Price Year Ago | % Change Year Ago |
| $197,903 | $195,888 | 1% |
| Median Price | Med Price Year Ago | % Change Year Ago |
| $160,600 | $159,700 | 1% |
| Price Per Sq Ft | Price Per Sq Ft Year Ago | % Change Year Ago |
| $91 | $84 | 8% |
| Days On Market (DOM) | DOM Year Ago | % Change Year Ago |
| 82 | 68 | 21% |
Which San Antonio Neighborhoods Have The Highest Home Price Appreciation
July 18, 2008
In real estate, all cities have certain hot neighborhoods. These are the communities where homes sell faster and for more money.
In San Antonio, those jewel hoods historically have included Alamo Heights, Monte Vista, King William and Castle Hills.
But new rankings of price appreciation show that some of the old kings have been deposed. So far this year, Stone Oak, the Dominion, Colonies North, Olympia and Olmos Park experienced the highest price appreciation from Jan. 1 to June 24, compared to the same period last year, according to the San Antonio Board of Realtors.
