Despite the fact that the Bexar County real estate marketplace has statistically shown a somewhat higher exposure to subprime loans than average, and rising prime loan foreclosures have increased, the rising increase is still below average in comparison to nation-wide figures. In fact, as of this writing the overall foreclosure rate for the San Antonio area in particular, is down 0.8% from February.
Overall, most major cities in Texas remain the fastest growing in the United States, and due to a diversified economy, Texas is likely to be the most prominent Sun Belt survivor of the nation’s economic chaos.
Most of the population of Bexar County is located within San Antonio proper, the seventh most populated city in the U.S. An economy anchored by tourism, some of the finest health care facilities in the nation, defense and financial services, continue to attract new companies and a growing work force, making Bexar County one of the most well positioned places in the country to experience continued growth and opportunity.
Government sponsored financial incentives for new and upgrade home buyer’s promises to spur the Bexar County real estate sector into new growth and a more positive outlook for the Bexar County real estate industry as a whole within the not-to-distant future.
Bexar County commercial property foreclosures are of increasing interest to investors who see an unprecedented opportunity to invest in properties that can bring immediate income through short-term rental, and eventual sale of the property for big profits when a strong market upswing finally takes off.
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