Monday, November 16, 2009

San Antonio gets $20 Million Boost over the Weekend

The second annual Rock 'N' Roll Marathon in San Antonio took place yesterday, and by all accounts, was a rousing success.  There were more than 32,000 registered for the marathon and half marathon, and nearly 3/4 of those were from outside our area, some from around the world.   In fact, the winners were from Kenya, and Russia.  Also, this was a remarkable increase of over 2,000 from last year's inaugural race. 

City officials estimate the visitors spent more than $20,000,000 on hotels, restaurants, transportation and souvenirs while in town.  Not bad for one weekend! 

San Antonio continues to weather the economic storms with our strong tourism business, and our military presence.  So, what does this have to do with real estate in San Antonio?  A lot of folks in town make their living supporting the tourism industry,  and therefore can afford to buy homes, and make payments on those homes, so our foreclosure rates are very low compared to a lot of places.  Our numerous military homeowners do not live in fear of being laid off as many do in private business, so they are free to purchase homes or "move up" to nicer homes.  San Antonio's economic mix of military and tourism is working very well during this troubling time.

No comments:

Post a Comment