San Antonio real estate isn’t alone when it comes to market improvements. Nationally, new home sales rose at their fastest pace in two years according to The Commerce Department. May sales jumped to a seasonally adjusted annual rate of 369,000. The commerce Department also revised March’s numbers upward.
This is more proof of what Realtors in Texas have been preaching to our clients, NOW is the time to buy. The San Antonio real estate market has been on an upward trend when it comes to resales and new home sales for quite awhile now. Historically low interest rates and strong job growth continue to fuel our real estate market. Current interest rates make buying much more affordable than renting, especially with a tight rental market, and prices of homes will continue their gradual ascent here.
To find out more about the sales activity in your San Antonio neighborhood, or in a neighborhood that you are thinking about purchasing in, please contact one of our Realtors today.