San Antonio Homes are Currently Very Affordable

 San Antonio Texas is a place many people are looking to move and call home. San Antonio is the 2nd largest city in Texas, and the 7th largest city in the United States. It was the fifth fastest growing city in the nation from 2007 to 2008. The city has one a strong military presence in the US with 4 military bases. Like other areas of the nation, San Antonio homes are at an all time low due to the current economic state, but look for that to improve once the economic crunch ends. Despite the downturn, San Antonio is still visited by 26 million tourists per year, and as of March 2009, San Antonio had the 5th best labor market in the nation. According to the San Antonio Board of REALTORS® August 2009 home prices were 23.4% below the national mean, making it an ideal time for buyers to invest in the San Antonio real estate market.
 
 The San Antonio real estate market is currently a buyer’s market, which means that there are more homes for sale in the area than there are buyers. On March 15, 2010 the San Antonio Board of REALTORS® (SABOR) released its San Antonio Multiple Listing Service (MLS) report that indicated single-family residential sales increased by 6% over the previous year. This is a great time for any first time home buyers who are thinking about a home since they have thru June 30th to close on the sale of their home in order to qualify for their tax credit. Take caution though, you have till the end of April to sign the contract to ensure you are within the criteria for the tax credit as well. The average price of single-family San Antonio homes in February 2010 was $168,722 which was a 5% decrease from the previous year with the median price range having a decrease of 1% to $141,900 (SABOR). Additionally, the real estate market has seen a number of investors willing to invest in San Antonio Tx increase since they have been able to capitalize on the market.
 
 If you are planning to buy any real estate in this part of the country, it's a good idea to start looking now before the prices go up. Interview some San Antonio REALTORS®, and then choose one to work with in order to get an up to date market report as well as learn the area. With the help of a real estate agent you will be able to start work to ensure you get the best deal, and reasonable rates. Your real estate agent will help you turn your dream of owning a home, into reality. Start investing and start early before the price of properties and rates increase.
 
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