San Antonio, TX Real Estate News

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Comments 1
By Dee Copeland, Principal Broker
(Copeland Group Realty)
My market is Greater Austin, but I was born and raised in San Antonio. The area is really changing. There was an annual housing forecast sponsored by the San Antonio Board of REALTORS®, but I missed it. I'm sure many of you did as well, but do not fret, it is available online. The good thing about this housing forecast for 2007 is that it includes national data and statistics as well, so will give you good insight into what's happening in the U.S as well as Texas. I've been jealously watching the San Antonio market for the past three years. Austin, of course, is THE BEST place to live in the entire United States, but San Antonio is a strong contender for an affordable, fun place to live. San Antonio is great not just because of the San Antonio Spurs, whom I was a fan of before they were...
Comments 6
By Dustin Curlee
(4Front Real Estate Group)
Passion In Action Pardon me, but may I have this dance?Sunday, December 10th, in the newspaper, I found an article in the S.A.Life section entitled, "Passion in Action." It is subtitled, "Argentine tango stirs the soul." Yes, you guessed it, it's about dancing - specifically, it's about the Argentine Tango.There are a myriad of dance styles. There's the more refined and elegant styles like the Waltz and the Foxtrot. There is also the fast paced style called Swing - the Lindyhop, Charleston, and Boogie Woogie are a few nuances of Swing. There's Country and Western dancing - the two step, county western waltz, and line dancing are a few sub styles within this genre. And there's even what is called "Street Dance." Yep, the bump and grind would be a style within this genre, but also breakda...
Comments 0
By Robert Rees - Austin Real Estate
(Robert Rees Realty, Inc)
Cedar Park is a beautiful town in the NW Austin Area. It has been steadily growing as better roads have slowly completed construction. With another highway, 183A, fully underway this will allow better flow to and from the Cedar Park/Leander Area. Cedar Park is the Largest city on the North Side of Lake Travis and has lots of trees and is slightly hilly. With lots of new retail centers and new housing comes the need for BIGGER developments! In mid-October a retail center called the 1890 Ranch will begin ground breaking. According to a recent article in the Community Impact paper, "the 900,000 sq. ft. project will include a 12-screen Cinemark Theater, Wachovia Bank, Compass Bank, PetSmart, OfficeMax and a Super Target." The overall project is estimated to bring in over 1000 jobs area. Th...
Comments 0
By Robert Rees - Austin Real Estate
(Robert Rees Realty, Inc)
Near the intersection of RR 12 and US 290 close to the center of town, a 400,000 sqft shopping ctr is proposed with potential tenants such as Home Depot and HEB coming to the area.Dripping Springs is a beautifully area southwest of Austin about 15-20 minutes. It has been rapidly growing in popularity due to the beautiful scenery, remote quiet area, yet relatively easy drive to Austin. The lots are a little larger in the area and compared to other areas of Austin, you can own more home for the money in this small but growing area. One of the disadvantages up to this time has been the drive time for well, just about everything. From grocery shopping to clothes, you have had to drive almost back to Austin!The interest and growth of Dripping Springs will only increase a lot more with the ad...
Comments 1
By Robert Rees - Austin Real Estate
(Robert Rees Realty, Inc)
In my opinion, JOB GROWTH.A couple of years ago, Venture Capital Money spent in the Austin/San Antonio areas significantly declined. The upside to that decline was that the firms were spending the majority of their time raising additional funds. The result is that the past year or so, they've been spending it. A few years ago, the thing that attracted many many people to Austin was it's low unemployment rate compared to the rest of the country. Sure Austinites thought they were going through a terrible recession, and sure Real Estate didn't appreciate (and in some areas depreciated 1%), but the outlook with such low unemployment didn't cause the Central Texas Economy to suffer to badly. According to the Texas Workforce Commission, the August unemployment rate for the Austin-Round Rock a...
Comments 2
By Robert Rees - Austin Real Estate
(Robert Rees Realty, Inc)
One of the biggest challenges I've had since becoming a Realtor(r) is trying to determine what buyers & sellers look for in a Real Estate Agent. How do people Choose a Real Estate agent? What is their criteria? Almost unanimously the clients I have and had express to me that they've never had a better experience. That my service is top of the line and they never met someone who shares so much knowledge (which is nice for saying I talk a lot!).  So I know that "WHAT" I offer is good and of use, but what I don't know is "HOW" to get the public to choose me or someone else for that matter. What are they looking for and where are they looking?The reason I bring this up is 2-fold: I ran into what I would consider another "incompetent" REALTOR when I was holding an Open House. A client came i...
Comments 2
By Robert Rees - Austin Real Estate
(Robert Rees Realty, Inc)
In recent years in Texas, the format of a Lease Purchase has been under attack. For rightful reasons in many cases. There were plenty and probably still are, many "investors" that preyed upon people with bad credit, bad situations, and illegal aliens. Promising them they could own a house through lease purchase. In many of these situations the "investors" never fully explained that they would still have to eventually get a loan to pay for the house. Therefore, after the lease period expired, the bad credit people still had bad credit, the bad situations people were still in bad situations and illegal aliens were still illegal. (Not that this has stopped them from getting loans, but the investor wasn't going to show them how....and that's a topic for a political blog, not this one)Recent...
Comments 2
By Robert Rees - Austin Real Estate
(Robert Rees Realty, Inc)
According to an Article in the Austin American-Statesman Sept 8, 2006: "Round Rock's IKEA could open much sooner than planned. The store, on University Boulevard, is on track to open in November instead of next spring as originally planned. The 250,000-square-foot store is expected to open in time for holiday shopping. The store will employ nearly 300 Central Texans. It is the third store in the state. The Swedish retail giant has more than 235 stores in 34 countries, including 28 in the U.S"     The importance of this to the North Austin suburb town of Round Rock, TX is significant, but not all by itself. Round Rock was put on the map in recent years because if it's enormous population boom mostly due to Michael Dell locating his company in the once quiet city. (That would be the Micha...
Comments 2
By Robert Rees - Austin Real Estate
(Robert Rees Realty, Inc)
Here in TX or at least Central Texas there are a lot of foundation problems in residential homes. It's really not that uncommon, at least for REALTORS, to walk into homes that have cracks in the sheetrock, or sheetrock seams not holding. Just the other night on the news it was reported that a local Foundation Repair company had appx 800 jobs per month during this past summer!I used to build homes in another state known for it's Rocky Ground yet we never seemed to have building problems like this. I asked around when I first moved to Austin and was told that the ground is basically Limestone with just 4 inches of topsoil and that the Limestone Shifts therefore causing the home to move and crack, blah, blah, blah.The aforementioned Foundation Repair company mentioned a probable explanatio...
Comments 0
By Robert Rees - Austin Real Estate
(Robert Rees Realty, Inc)
The National Association of REALTORS (NAR) has been doing a nationwide advertising junction to encourage the public to use a designated REALTOR when buying or selling real estate. Recently the Austin Board of REALTORS has followed suit with advertising in magazines, billboards, TV and radio spots.From my experience, being a designated REALTOR is NOT enough. I was quite upset when I first obtained my real estate license after being a real estate investor for 7 years. The reason I was upset was because there were so many tools that I now had access to which would allow me to better help others that were looking for real estate. The reason why this upset me was because I was never the beneficiary of these tools until I received my license.You see, I finally got my real estate license becau...
Comments 5
By Robert Rees - Austin Real Estate
(Robert Rees Realty, Inc)
     When an investor looks to buy a house, they are looking to see what they'll need to do in order to sell it quickly. They are trying to determine what costs the least amount of money but will appeal to most buyers. After all, the more buyers the home appeals to, the higher percentage you'll have of selling it quickly.     The first thing I always assumed before even walking in a home was that I'd probably have to paint it. Whenever I walked into a home and saw any colors on the walls, my assumption became knowledge.     A REALTOR I know told me of a glorious mansion in the hills of an area overlooking a Lake that sat on the market for almost 2 years. Most of that time it was vacant. The sellers went through quite a few REALTORS assuming it was the REALTORS fault it was not selling. ...
Comments 1
By Robert Rees - Austin Real Estate
(Robert Rees Realty, Inc)
The Austin/San Antonio area is truly getting hot! Physically and metaphorically. While the rest of the country is beginning to deal with the first signs of a slowing real estate market, namely more homes available, less buyers and the subsequent drop in price...Austin and other Texas cities are experiences just the opposite! Whether it's a vacation property, raw land, fist time home, or dream home, there appears to be a surge of buyers coming to Texas with less properties available. This trend is expected to continue for a while as this is just the beginning. State legislature is trying to further the growth into the State by addressing the high property taxes, particularly in the Austin area. (close to 3% of Tax Value, which is usually fairly close to real value) Although foreclosures ...
Comments 1
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