Thursday, November 26, 2009

San Antonio Unaffected by the Recession?

Some US cities with stable housing and diversified employment have been virtually untouched by the current recession.  In these cities, home prices have not fluctuated wildly, and that spared them from the devastating effects of lost jobs and foreclosures.  To identify these cities, Forbes magazine ranked the 100 largest Metropolitan Statistical Areas by employment rates, the conventional home mortgage price index, and the average days on the market for properties currently for sale, and this is the list they came up with:
  1. Omaha/Council Bluffs, Neb.
  2. San Antonio, Texas
  3. Austin - Round Rock, Texas
  4. Pittsburgh, Pa
  5. Harrisburg - Carlisle, Pa
  6. Dallas - Ft. Worth, Texas
  7. Rochester, NY
  8. Houston, Texas
  9. Raleigh - Cary, NC
  10. Baton Rouge, La
So the San Antonio real estate market has defiitely slowed during this recession, but we have fared very well compared with other areas of the country.  Texas in general ranks high, with four major metropolitan areas in the top 10 of the Forbes list. 

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