The San Antonio Board of Realtors has released MLS statistics for February, 2011, and it’s good news for San Antonio! Stats show that the average price for a single-family home in San Antonio in February, 2011 was $179,035. This represents a 5% increase over the same month last year! This shows the strength and affordability of San Antonio’s housing market. While many markets are still experiencing a decrease in home prices, which are way higher than this to begin with, our market continues its steady growth. And with an average home price below $180,000, San Antonio remains among the most stable and affordable places to buy a home.
Interest rates are still low. Combine low interest rates, available inventory, affordable prices, a stable market, and job growth driving economic recovery in the area and you have a combination that cannot be beat for buying a home! Owning a home is still part of the American dream, and 85% of the population views it favorably, according to the National Association of Realtors. It’s the key for most families to building personal wealth. Most folks who do not currently own a home aspire to do so at some point.
If you’re one of those who does not currently own a home but would like to, I strongly encourage you to see if this is the right time for you to make that move. The cost to purchase a home is low right now. There are options available for homebuyers. If you’re a teacher, police officer, firefighter, military, a doctor, there are additional programs available to you. If you have good credit but not a lot of cash, there are down payment assistance programs and other grants available through the city, state, and some federal programs. If you have steady employment but have some credit issues, there are programs out there that can assist you too.
Bottom line–this is a good time to buy a home. If you have the will (and a job), there’s probably a way! Talk to a real estate professional and a professional mortgage broker. Let them help you–help is out there! And don’t wait–the process takes time, and the longer you wait to get started on the road to homeownership, the greater the chance that things will change and costs will increase. That doesn’t mean you’ll necessarily be out of the game, but it may limit your options and choices.
Want to see what some of your options and choices might be? Check out my website at www.SueTrautner.com and see what home prices are currently in the areas you’re interested in. If you’re in the San Antonio area, contact me and I’ll help you get moving! If not, contact me anyway, and I’ll put you in touch with someone in your area who can help you–I know great realtors all over the country!
If you own a home and need to or want to sell, there are tips for you on my website as well. Our market is active and buyers are out there looking! Call me and I’ll be happy to discuss how to position your home so you can get it sold and get your move on as well!
We are so lucky to be in San Antonio! Take advantage of our great real estate market in our great city! Call me if/when I can help you!