San Antonio is America’s Most Overvalued Housing Market

San Antonio’s rival with Austin continues as both cities tied for first place in Forbes’ list of America’s Overvalued Housing Markets. Phoenix, Las Vegas, and San Francisco rounded out the Top 5. While the news might make homeowners a little nervous, the low rates and booming economy should keep the buyers coming.

As companies continue to bring business to the Alamo City, employees in need of housing keep the real estate market strong. Both Austin and San Antonio bounced back quickly from the recession.

Forbes’ list “compares home prices in the 50 largest metropolitan statistical areas against those MSAs’ economic fundamentals, including unemployment, income, population and mortgage rates. When home price growth outpaces the rest of the local economy, housing is deemed overvalued,” writes Kim Slowey of Forbes.com.

 


SOURCES:

http://www.forbes.com/sites/kimslowey/2016/06/09/americas-most-undervalued-and-overvalued-housing-markets-2016/#1af27672ff6f
http://austin.culturemap.com/news/real-estate/06-13-16-austin-most-overvalued-housing-market/

 

Listing Expertise and Closing Techniques – Upcoming Classes at the Katy Office

The Katy Office will be offering two classes on July 11, in partnership with Ravenna Custom Homes. Join us at the Ravenna Homes Firethorne Model for these great courses!

List to Last, Being a Listing Expert, and Working with Buyers: The course discusses how the student can learn sources and techniques for obtaining listing appointments and them meet with the sellers and give a professional presentation that instills confidence in their real estate skills and trust in their integrity. Then to also show how to maintain the listing thru promotions and communication.

Closing Techniques: This class is a discussion of various closing Techniques used to obtain an action or agreement from our clients.

Cost: Provided by Ravenna Homes

Texas is Being Hailed an Economic Miracle

In a story published by RealtyTimes.com, Jacob Dymacek calls Texas an economic miracle. Even in the midst of a troubled international market, Texas continues to thrive.

Best-Cities.org agrees. In their analysis of the best performing cities across the nation in 2015, according to job growth and sustainability, Texas had 6 of the Top 50 cities on the list of Best Performing Large Cities and 7 of the Top 50 cities on the list of Best Performing Small Cities. Austin, Dallas-Plano-Irving, San Antonio-New Braunfels, Houston, El Paso, Houston-The Woodlands-Sugar Land, Fort Worth-Arlington, Odessa, Midland, San Angelo, Victoria, College Station, Longview, and Tyler all made the cut.

Dymacek writes, “According to experts, livestock and agriculture production, oil, natural gas and modern technologies are the main areas, in which Texas prospers so much. Whereas agriculture, oil and natural gas have been its life line for many years, the new and main focus is to attract investors and hi-tech companies. It just shows how well can Texas government adjust to the current market.”

Of course, those who already live in Texas have noticed the current trends in business and real estate – the Texas market seems to be having its moment in the sun.


SOURCES:

http://sonnybrown.realtytimes.com/marketoutlook/item/45548-texas-economical-miracle-which-not-even-global-crisis-can-bring-down
http://www.best-cities.org/2015/best-performing-cities-report-2015.pdf