Saturday, January 9, 2010

San Antonio Housing Forecast for 2010

On Monday, Jan 4th, local San Antonio Realtors, builders, developers, and other experts, gathered to hear the predictions for the 2010 San Antonio housing market.   They describe their outlook for new housing starts and closings as cautiously optimistic, expecting it to be as good or better than the '09 market.  Fueling the optimism is the expectation of an influx of jobs into San Antonio in the coming year.

In 2009, San Antonio housing starts and closings dropped 18% and 25% from the previous year.  But by the end of the year, the market showed signs of bottoming out, leaving builders and developers anticipating a much better year.  Currently San Antonio has a healthy inventory of available homes, and about 2,000 homes under construction, making us one of the top housing markets in the United States.

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