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.
HomeVestors Names Top 10 Cities for Real Estate Investing for Second Quarter of 2008
July 16, 2008
HomeVestors® of America, Inc., the company famous for its “We Buy Ugly Houses”® billboards and America’s #1 Home Buyer, has named the top 10 markets for real estate investing in the second quarter of 2008. They are as follows:
1. Dallas, Texas
2. Houston, Texas
3. Atlanta, Georgia
4. Denver, Colorado
5. Fort Worth, Texas
6. San Antonio, Texas
7. Charlotte, South Carolina
8. St. Louis, Missouri
9. Milwaukee, Wisconsin
10. Chicago, Illinois; Kansas City, Kansas (two cities tied for tenth place)
Forbes Best Cities To Buy A Home
July 15, 2008
Below Forbes explains the process of how they ranked the best cities to buy a home.
We examined the country’s 40 largest metropolitan areas and looked at cities where home prices have appreciated over the last two years. We also measured tightening vacancy rates. These metrics indicate places where buyers are investing in homes in order to live, not just make a quick buck, and where the housing market is relatively solid. We culled our vacancy and home price information from the U.S. Census Bureau and the National Association of Realtors.
FieldStone Homes Amber Creek Now Open For Sales
July 14, 2008
FieldStone Homes announced it has officially opened the Amber Creek community. The new housing development is the 11th FieldStone community in the San Antonio, Cibolo and New Braunfels area.
“We get very high marks from our customers on their new homes and we’ve won some industry quality awards as well,” FieldStone CEO Fred Wyborski stated. “So we know we’ve put together a very good homebuilding formula that people appreciate and like.”
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.
