My Blog

It�s Back: The Return of the Housing Market and What it Means for You

1/1/2015

It’s official: the housing market is finally back.

There are many indicators experts look at to assess the health of the housing market, and over the last several years, all of these indicators have been improving. Home prices, for one, have skyrocketed over this time period, giving many homeowners back the equity they lost when the housing market crisis first hit.

Additionally, distressed home sales (homes sold in a short sale or foreclosure) returned to a normal level, and as home prices continue to increase, there are fewer underwater homeowners, or homeowners who owe more on their mortgage than the property is worth.

Many homeowners are also finally finding themselves able to sell their home. At the same time, more homebuyers are entering the market. The increase in inventory and buyers is helping to balance supply-and-demand for housing.

Whether you’re looking to buy or sell a home, today’s healthy market provides great opportunities.

I’m currently offering a free report entitled “It’s Official, the Housing Market Is Back!” that details how and why the market has recovered. If you’re thinking of buying or selling a home, this report will help you understand how the current market may affect you.

You can download the report from my website www.sanantonioforeclosurehelp.com. After reading the report, contact me today for a free consultation to discuss the options available to you in today’s recovered market.

 

Steve Guzek, RE/MAX Preferred Realtors, 210-610-4592

 

 

Home prices in San Antonio reach an all-time high, SABOR reports

6/18/2014

Home prices in San Antonio reach an all-time high, SABOR reports

Tricia Lynn Silva
Reporter/Project Coordinator- San Antonio Business Journal

$230,000 can get you quite a bit of home in San Antonio — maybe not this home, but a nice home nonetheles.  San Antonio’s housing market has enjoyed some record numbers over the past several months — from all-time lows for inventory levels, to all-time highs for sales.

May brought another all-time high for the local housing sector, according to the May 2014 Multiple Listing Service report by the San Antonio Board of Realtors (SABOR).

As of May 30, the average price of a home in the greater San Antonio area stood at $225,114 — an all-time-high for the market, SABOR reports.

“Home prices continue to remain strong,” says Missy Stagers, 2014 chairman of the board for SABOR. “The price per square foot has also increased to its highest — $102 — and inventory remains low at 4.7 months.”

Even at an average price of some $225,000, homes here are still considered affordable. And it is that affordability that has been key to the strength of our housing market, according to Angela Shields, president and CEO of SABOR.

“Our total sales year-to-date have remained considerably higher this year than in previous years,” she says. A total of 9,179 homes have been sold since January. “We credit the strength of the housing market to San Antonio’s continued job growth, affordability and low interest rates.”

Compared to other Texas markets, San Antonio definiately provides the better value for would-be homeowners, as I discovered when I perused the websites of other chapters of the Board of Realtors.

The average price of a home in Austin as of April 2014 — the most recent data I could find on the Austin Board of Realtors website — was $308,752.

In Dallas County, one of several counties tracked by the MetroTex Association of Realtors, the average sales price a home in May stood at $309,116.

Houston comes closest to San Antonio, according to the Houston Association of Realtors website. As of May 2014, the average price of a home there was $280,346.

San Antonio still has a ways to go to get back to peak home prices

6/6/2014
Jun 5, 2014, 2:14pm CDT

San Antonio still has a ways to go to get back to peak home prices, RealtyTrac reports

On the heat map provided by RealtyTrac, Bexar County is one of several in the U.S. shaded green — meaning that median home prices here are still far away from the prices boasted at the peak of the housing boom.

Tricia Lynn Silva; Reporter/Project Coordinator- San Antonio Business Journal

Bexar County still has a lot of catching up to do, according to a new analysis by Irvine, Calif.-based RealtyTrac that looks at peak and trough median home prices over the last 10 years for 1,567 counties in the U.S.

Bexar County, where San Antonio is located, was one of several classified as still being far away from its peak.

A look at the numbers compiled by RealtyTrac:

  • At the peak of the market, back in November 2007, Bexar County was reporting a median home price of $250,000.
  • As of March 2014: the median home price was $172,250 — still pretty far from the peak
  • But the good news: Bexar also has made considerable strides from its trough back in December 2010, when the median home price stood at $119,000.
Tricia Lynn Silva covers real estate, retail, construction, and law firms; she also plans and edits some special reports.

San Antonio named a top 10 city for homeownership

1/23/2014
Good news regarding San Antonio real estate from the San Antonio Business Journal:
 
Jan 22, 2014, 2:50pm CST
 

The San Antonio/New Braunfels metropolitan area ranked No. 6 in the country for homeownership.

Reporter/Project Coordinator- San Antonio Business Journal

San Antonio has once again earned a prestigious spot on the homeownership report by consumer-resource website NerdWallet.

The company has released the 2014 list of The Best Places for Homeownership.

In the category of the best large metros for homeownership, the San Antonio/New Braunfels metropolitan area took the No. 6 spot.

Cities were ranked based on a scoring system for homebuyers. Factors going into the scoring included homeownership rates, housing affordability and growth of the metro.

The overall score for the Alamo City was 75.6 based on a 100-point scale.

In2013, San Antonio took the No. 3 spot on NerdWallet’s homeownership list.

NerdWallet’s analysis marks the latest bit of positive news regarding the Alamo City’s housing market.

Tricia Lynn Silva covers real estate, retail, construction, and law firms; she also plans and edits some special reports.

A Fresh Start Could Be Waiting for You

1/20/2014

Stories are powerful, especially when the stories help you to identify with someone who is in a similar situation. For people in danger of losing their home to foreclosure, it is so common to feel alone. That is why it is vital that others who have been in the same situation but found a way to save themselves tell their story.

These aren’t simply stories of homeowners who faced adversity and survived. These are stories of people who realized that they needed help, reached out to an educated professional and discovered that there were options besides just allowing themselves to succumb to foreclosure.

I have a report entitled “Fending Off Foreclosure,” which tells stories of real homeowners who faced foreclosure and found relief. Download the report, read the stories, and then contact me for a free, confidential consultation.

Go to "Foreclosure Help" at the top of my website and browse the resources that deal more directly with your situation.  You can also simply follow this link:   http://www.sanantonioforeclosurehelp.com/Resources.aspx

Steve Guzek

Steve@SAT-RealEstate.com

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