San Antonio real estate continues boom
"2015 (looks) to be fantastic," said San Antonio Board of Realtors Chair Mary Ann Jeffers.
"Fantastic" is a word the housing industry has been aiming for since the recession plunge in 2008. As Jeffers explained, business has spiked and it should continue to stay that way, even through some recent changes.
"Our biggest issue is the inventory. We're still at 3.9 months of inventory," Jeffers said.
Plus, he said, price ranges have changed and are shooting up in some categories.
"The increases have been good, especially in the higher end, like our luxury homes," Jeffers said. "They've increased 26 percent over the last two years, so we're very happy about that."
The San Antonio Board of Realtors housing forecast convention brought in experts from all over the state and nation, but Jeffers emphasizes that real estate is local. San Antonio is one of the nation's most impressive markets right now.
"We keep having people come in every day because they want to live here. Our affordability, our market, everything, the job structure, we just have it right here," Jeffers said.
If you're looking to buy or sell, Jeffers says now is the time.
"Here in San Antonio, interest rates are still real low, the lowest they've ever been and I think it's going to continue to be that way throughout 2015," she said.
She says the key is, finding a good realtor who knows the market.
Original Article at: 2015 housing market forecast robust
By Courtney Friedman VJ, Reporter
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