San Antonio, Texas Real Estate Blog & Market News - Blog Archive: May, 2009

Has the San Antonio new home construction market hit bottom? Some experts say that the dismal start of the new home construction industry this year speaks volumes about where the housing market is and where it is expected to go this year.  Even further, many real estate experts are betting on the fact that the bottom of the housing market might come this year. To give you an idea of the market and how it has changed, even from just a year ago, consider that there were 1,393 new homes started in the first quarter of 2009. That's a 40 percent decline from last year's numbers. Take it one step further and consider that in the last 12 months there were 7,762 homes started in San Antonio, which is a 33 percent decline from the previous 12 months. To get a good…

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The Piazza San Lorenzo is set to be San Antonio's newest, luxury community! Located alongside the San Antonio River, in the heart of San Antonio, the Piazza San Lorenzo is reminiscent of some of the grandest residences in Italy. The community of Piazza San Lorenzo includes: La Residenza, which features 28, high-end condominium residences; and Villa Verona, which features 41 furnished and appointed accommodations that are centered on a private residence club. The Piazza sets the groundwork, and will be the centerpiece of an entire community, complete with boutiques, high-end restaurants and offices. The entire community will lead directly into San Antonio's Riverwalk. This community will also be within walking distance to many of the galleries, restaurants…

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