Texas is fortunate that it did not have quite the fall out with foreclosures, the lack of jobs that the rest of the country is still recovering from right now. The outlook for the San Antonio real estate market is on the upswing in many sectors, but homes remain a buyers market for the time being. This is due to the tightened rules on approving just about any type of home loans. The sub prime lenders are gone and will not return any time soon, so home shoppers with bad credit would better spend their time restoring their credit to good standing.
Currently homes in the Alamo City, are great targets for investors, and real estate flippers that have the cash to invest, and time to wait until the economy is in a bull market once again. Otherwise a large down payment, a credit score of above seven hundred, and a good job will the only way to get a ten or fifteen year home mortgage approved. The commercial sector is showing promise, as there are many small businesses that are seeking retail space for coffee shops, diners, and other specialty eating establishments that cater to the large base of tourism that descends on San Antonio year round. Many think that the influx of eating establishments was created from the gaping hole in the employment sector that started a few years back, and people started creating their own incomes from lack of new job opportunities at the time. Warehouse districts are being picked at by national corporations as they are looking to once again expand in promising markets.
Wholesale food distributors and vendor support companies for Sea-World, Fiesta Texas, and the River Walk have been entertaining expansion to larger facilities, as well as a commercial electrical supply distributor. The sports, and medical industries are on the rise, and currently one of out seven of San Antonio’s employees work in the healthcare or bioscience fields. This dictates that a modicum of growth will come from both, as the population expands, and the large amount of people currently relocating the to the Lone Star State to find jobs to support their families. Overall, the San Antonio real estate has remained resilient in spite of what the media pours out daily, and is above the fold regardless of how much the media has been reporting that the sky is falling. In some ways, you might say San Antonio is doing better than Houston and Dallas currently