San Antonio, TX Real Estate News

By Judi Morgan, San Antonio, TX Real Estate
(RETIRED)
  Do you think that just because you can't get to New Orleans or Galveston to celebrate Mardi Gras you're going to miss it?  Think again!  We celebrate Mardi Gras in San Antonio! There will be a Mardi Gras Arts & Crafts Fair held on the River Walk Extension from February 1 thru 3, 2008 from 10:00 am to 11:00 pm each day. On Saturday, February 2, 2008, the San Antonio River Walk will be transformed into a floating Bourbon Street.  Krewes dressed in costumes will be on the floats celebrating Mardi Gras in San Antonio Style! The Mardi Gras River Parade, sponsored by BUD LIGHT, will start at 3:00 pm and finish up around 5:00 pm.                                                                    I plan to be there, wearing my beads and taking lots of pictures!  Hope to see you there!        ...
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By Sheri Walls
(Sheri Walls, Realtor)
Well, I am sure the housing market is what is on everyone's mind! I realize that so many of us use the national news media to report on what we don't have time to verify or read. I have TWO pieces of advice: 1) Don't trust everything you hear, research independent sources. 2) Remember Real Estate is LOCAL, not National. With that being said, I would like to address the San Antonio market from a Real Estate perspective. Real Estate is LOCAL! Let me say it again, Real Estate is LOCAL. You cannot put every real estate market in the same box. When you hear the national media reporting about the housing crisis, remember that they are reporting on the national stats and some of the reporters are only reporting on a select few cities. They sale what sells! I wish there were a disclosure on the...
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By Frank Zeno
(Integrity Realty)
  Your 5-minute guide to credit cardsCredit cards do have some benefits, but it's easy to get into financial trouble if you rely on them too much. Here are more than a dozen tips for using cards wisely.advertisement Article ToolsE-mail to a friendTools IndexPrint-friendly versionSite MapDiscuss in a Message BoardArticle IndexBy MSN Money staff Use a credit card wisely and you can reap benefits like cash back, bonus points and airline miles, not to mention a better credit score. Use it unwisely and you could end up under a mountain of debt.The No. 1 rule is: Pay off your balance every month. Otherwise, you'll pay interest on your purchases. Paying the balance takes discipline. About 40% of households carry credit card debt, according to the Federal Reserve. Protect your good name (and sc...
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By Robin Rogers, CRS, TRC, MRP - Real Estate Investment Adviser
(Robin Rogers, Silverbridge Realty, San Antonio, Texas)
One of San Antonio's largest employers, Fort Sam Houston, will be getting even bigger in the next few years: $1.5 billion bigger. Fort Sam (as it's known here) has 19 new buildings on the way, and another 4 buildings scheduled for renovation under the 2005 Defense Base Closure and Realignment Commission--somewhat ironically, since many San Antonians vividly remember the closure of Kelly AFB, another huge employer in the military city. Fort Sam has a long history of caring for wounded soldiers. It is home to the Brooke Army Medical Center (BAMC), which is a Level 1 trauma center with a world-renowned Burn Ward. The Joint Center of Excellence for Battlefield Health and Trauma Research is the next project on the books. It broke ground last week and is scheduled to be completed by the end o...
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By Frank Zeno
(Integrity Realty)
 Mortgage Insurance Tax Deduction Extended by Broderick Perkins The same new federal law that offers relief from mortgage debt forgiveness taxes, also extends tax benefits for many more homeowners who pay mortgage insurance. Effective January 1, 2008, according to the "Mortgage Forgiveness Debt Relief Act of 2007," for those eligible, no taxes will be owed on any mortgage debt forgiven or written off as part of a short sale, foreclosure, renegotiation, bankruptcy or other such action on a principal residence. Before the law was passed, such forgiven debt was typically taxed as income. The relief act came on the heels of a housing and mortgage crisis after risky subprime and non-traditional home loans blew up in the faces of many homeowners and spilled foreclosure ash over the economy. T...
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By Adrienne Smocker
(AS Properties Management LLC)
 Being a nationwide property manager I get to see not only some of the best properties, but some of the best attractions in the cities I am located.  When I think of my favorite place to take a beautiful walk along the water, I always think of San Antonio's River Walk.  Lined with numerous shops, bars, and restaurants that's not only popular with tourists, but with the locals.  During the Holidays it is glowing with lights and during the summer the area is filled with sounds from local musicians.  This is one piece of San Antonio that newcomers or tourists don't want to miss.          
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By Adrienne Smocker
(AS Properties Management LLC)
I absolutely love the lay-out structure of San Antonio, Texas.  Unlike most large U.S cities, San Antonio is not completely surrounded by independent suburban cities, under Texas law it exercises jurisdiction over much of the surrounding unincorporated land, including direct growth and zoning.  This makes San Antonio a unique place to buy a home or start-up a business.  The real estate market is growing, so start looking into real estate in sunny San Antonio! 
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By Adrienne Smocker
(AS Properties Management LLC)
 Love San Antonio? Without a doubt.  It's a city with such great historical background.  What other city coins the slogan " Remember the Alamo?" a symbol of freedom that is now our wonderful city's landmark.   The Mission San Antonio de Valero (the Alamo's official name) along with the Paseo del Rio (the San Antonio River), make San Antonio an unforgettable city with deep roots.          
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By Frank Zeno
(Integrity Realty)
  Getting A Handle on 1031 Exchange Rules by Clifford A. Hockley Most buyers and sellers of real estate look at 1031 exchanges as an option as they consider their investment agenda. They figure that they defer paying state and federal capital gains taxes and depreciation recapture until they die and their estate goes to their spouse, charity, their children or grandchildren. They may also be able to stave off the alternative minimum tax that might sneak up on them if they were to sell a propeBut how do 1031's really work? George Columbus was an Ohio investor. George learned from his broker that he would have to pay capital gains taxes when he sold his 10,000 sq foot warehouse. George wanted to defer his taxes and found out that if he bought more real estate and followed the Internal Rev...
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By Adrienne Smocker
(AS Properties Management LLC)
 I have to give a toast to WineStyles stores in the San Antonio Texas area for including the public in lot of free and informational wine tastings. They also have events that cost a small fee which include cheese, hors' dourves, and plenty of wine.  If your a wine lover like me keep you eyes open for these events to meet the locals and partake in some fun!
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By Adrienne Smocker
(AS Properties Management LLC)
 The winter weather in San Antonio can't be beat.  I love our temperatures in the mid 60's, not too hot and not too cool. It's so nice to live in an area where the summers are warm and sunny, but without the humidity, and the winter months are just cool enough to appreciate a break from the heat.  It's a perfect place to start a family or a relaxing place to retire.
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By Adrienne Smocker
(AS Properties Management LLC)
 San Antonio is a great fun place to live.  Lately there have been LOTs of fun events in the local area.  I recently attended the "Along the River Walk" which was absolutly stunning.  Not only was the scenery beatiful, but it inpired me to take my own walks here more often.
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By Carlos Canales
(Windsor International Realty)
Looks like the San Antonio Market has been insulated from the Real Estate crisis in the USA,,,,the city continues to add new jobs and the commercial booming continues,,people from Mexico continue to buy second homes and investing on the commercial area...so don't get afraid of buying in this Market . 
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By Rex Blackburn
(The Blackburn Group, Keller Williams Realty)
Standard Pacific Homes, a California based home builder, has sold their lot inventory of 2500 homes to Forest City Land Group business unit and joint venture partner Covington Capital Corporation. Standard Pacific Homes, which has been in the San Antonio market since 2005, builds homes in the $100k to $200K price range. That price point is extemely competive in the San Antonio market, with over 25 builders building in that price range, from Fortune 500 builders like KB Home, Centex, And DR Horton, to local and reigional builders.Is this a sign that the San Antonio market is following the path to decline of other housing markets? Probably not, as San Antonio is not the market in which Standard Pacific is selling their home lot inventory. More likely, Standard Pacific is consonsolidating ...
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By Tom Phillips
(KW Commercial)
Condo's in San AntonioCondominiums in San Antonio are a waste of time! That's what people have been telling me for years now. I started buying condo's in 2000. First, for me to live in instead of paying rent, then as an investment. I currently own 3 condo's in the same area. And have them all rented at top rental rates for the area. I bought the first condo for $35.000 in 2000. I will be selling it this year for $95,000. That's $60,000 in 7 years for a very minimal investment. Oh yeah, did I mention I had it rented the entire time starting at $650/ mo. And most recently for $795/ mo. My total payment including HOA dues is $525.  Today there are 565 condo's for sale in the San Antonio MLS. 199 of those are $100,000 or less.There were 926 total condo sales for 2007. That's compared to 53 ...
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The San Antonio Coalition for Family Economic Progress has officially launched this year's Volunteer Income Tax Assistance (VITA) program with some significant changes. Normally open to families earning less than $40,000 a year, this year's VITA program is providing free tax preparation help for families earning up to $45,000. By raising the income cap, the coalition plans to make income tax filing assistance available to more San Antonio families. In addition to the eligibility cap, the coalition has also recruited more volunteers for the program and brought H.E. Butt Grocery Co. (H-E-B) on board as a partner. The local grocer is offering space for tax assistance at its H-E-B El Mercado store on 2130 Culebra Road, the H-E-B Plus! at 6818 S. Zarzamora, the H-E-B at 1015 S. WW White Road...
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By Jim Johnson
(Century 21 Smith & Associates)
The power of positive thinking can't turn away the the tsunami created by the plunge taken by lenders when the sub-prime fiasco imploded on them. But, ask yourself, "who does this really affect?""Well, "yourself should answer, "it primarily affects lenders who held on to their own loans, and investors in the secondary market who bought those loans from the originating lenders."The fact of the matter is that the effect on most people who are not invested in the secondary mortgage market is a result of their reaction to news that really does not affect them. This mistake is due in part to the irresponsible reporting on the fiasco by the media, and the failure of the public-at-large to pay close attention to the details when the media glanced over them, while focusing on the down-side of t...
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By Amy Boehm, Your Realtors For Life, The Boehm Team
(Keller Williams Realty - Boerne Hill Country)
 The Alamo Regional Mobility Authority (RMA) announced that the toll roads for Highway 281 North Toll Project could begin as early as next summer. The project will be North of Loop 1604 following Hwy 281 to the Comal County Line.  There will be non-tollled lanes on the outside of Hwy 281.  The RMA is awaing final approval from the Texas Transportation Commission which is suppose to take place in January. The RMA has sent out request for Highway Building companies to submit their qualifications for the project.A final design will be picked from these proposals by a construction build team and negotation for the final contract will begin.  The RMA is hoping to award the contract in May and be able to begin construction sometime in June or July.  It is expected to take approximately 49 mon...
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By Rob and Camille Di Maio
(San Antonio Real Estate - Keller Williams Legacy)
As I am married to a man that never says no to a pile of brisket, I have tried my share of barbecue joints over the years. I'm convinced that the wrong place to eat this Texas favorite is in a restaurant that serves it up on a plate, with a fork and knife close by.If good barbecue can be judged by atmophere and lack of place settings, Rudy's barbecue in Leon Springs must be the best.Rudy's is the first barbecue place that I remember visiting. We drove from Denver once a year to visit our San Antonio relatives, and no trip was complete without visiting Rudy's. This was when anything north of 1604 and I10 was considered "the country", and you certainly didn't find Ducati dealerships and Sonic fast food along the way. There was nothing convenient about going, so the journey up the intersta...
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By Patricia Zars, San Antonio
(Zars & Rogers REALTORS)
 Construction is well underway on the new JW Marriott San Antonio Hill Country Resort & Spa  which is scheduled to open in Spring 2010. The resort will feature 1002 Guest rooms and 138,000 square feet of meeting facilities.The resort is situated in the Texas hill country in the Cibolo Canyons community in the north central area of San Antonio.This incredible VIRTUAL MOVIE will guide you through this amazing development... Patricia ZarsNew Home Sales Professional - McMillin HomesThe Cliffs at Cibolo      
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