san antonio real estate questions

seeing how the ********* guy and the moderator who stuck up for him in a previous thread are both from san antonio I was wondering if they could tell me how the foreclosure market is doing there along with NOD's etc.

we are suffering here in calif. and maybe I should relocate? It is important that we all stick together in this economy isnt it?
thanks in advance

 

Let's get something straight - I am not sticking up for anybody.

I had not met robsatx until 2 weeks ago when he asked me to take some pictures of an install for him. I have been talking with Mr Marv for 2 years on this forum and I trust his advice.

I am not taking anyone's side. I just don't want to see someone's thread about "which speaker to go with" turn into an all out bitch fest about whose products are better. It will be a never ending battle.

My primary concern on this forum is the welfare or our members and the integrity of our community. If you have questions about where I stand on your issues, give Mr Marv a phone call and talk to him about it. Stop bashing people when you don't know the whole story.

Here is Marv's number from my speed dial list on my BlackBerry - (831)383-0308. Seriously, give him a call and pack your issues with me up at that point.


on your original question: Our economy in San Antonio is one of the least affected in the nation at the moment. Unfortunately, I don't think that is going to last long. In my opinion, this recession is going to hit everybody in one way or another. Our food prices have already begun to rise here. However, the housing market seems pretty steady - even with lending going on a down slope.

 

on your original question: Our economy in San Antonio is one of the least affected in the nation at the moment. Unfortunately, I don't think that is going to last long. In my opinion, this recession is going to hit everybody in one way or another. Our food prices have already begun to rise here. However, the housing market seems pretty steady - even with lending going on a down slope.[/quote]

wow, market sucks here

 

Yeah, but California is usually the first to feel anything. There is so much growth, money, and strong business there. My observation is that if California starts to feel a major change - the rest of the country is sure to follow.

 

great time to buy here in sa... sell, not so much.

 

San Antonio has a great real estate market in comparison to the vast majority of the country right now. It is one of the top markets for large metropolitan areas at current time. The job market has also been effected much less than many other areas in the economic down turn. There are a large amount of government, and research jobs available in the area, along with many more in other fields. It is definitely something worth considering if you are in the position to move and would like to relocate to the area.

On the other hand I would keep in mind that the recession is not over, and more then likely only about half way through its down cycle. More then likely this year we will also see ANOTHER group of mass foreclosures that will probably equal somewhere around 1/2 to 3/4 of the total foreclosures we have already seen in the past year. This is primarily due to an extended period of reset for ARM loans that were issued to sub-prime customers in the mid-07' to late-08' period. So if anything, prepare for the housing market to stay on a down turn and get much worse before it gets better.

I hope this dosent play true, but seems inevitable if the state of ecomony does not change drasticly for the better.