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Frank Bailey, ABR, GRI

Time is running out on downpayment assistance.... the time to buy is now!!

Congress is passing a bill to do away with down payment assistance. Why, I have no clue, it' one of the best programs around. What can you do about it? Two things, first now is the time to buy that great home you were leaning towards, and second, send a letter to congress letting them know this is a bad deal!

At this time in society and economics, now more than ever, there needs to be a program in place to help the "average Joe, buy a home for their family. Why take that away? I'm certified in the Nehemiah program and look forward to getting you in a great home before October 2008. Let's not delay; we may not have this opportunity in the future.

San Antonio Real Estate and Prudential

Wow!! Just had our update on the advancements of Prudential Real Estate and how we work. We've secured agreements with some great companies. And.... and this is BIG!!! Realtor.com wants to use Prudential Classic Realty and its online buyers and sellers advantage platform as their test site. It really is a great time to buy and sell in San Antonio Texas!!

Don't need a Realtor? For sale by owner

In this time of market recession, gas prices, many feel they can sell their home on their own. While this is true, there are some steps and information out there to help you with that. I have a great website to assist you, and it's offered at the best price possible, free. I'll showcase your home for you, give you the documents you need, and provide you with some helpful tips. At the end of the day, as your San Antonio Real estate professional, my goal is the same as yours, finding buyers to buy homes. Why not take advantage of my free service that will benefit us all. www.fabailey.com for more information. Or you can email me at fbailey@pruclassicrealy.com, and I'll get you started. I'll even do an "Open house" for you free of charge, to get you more viewers and I'll advertise it for you for free on my website. I'm your San Antonio full time Realtor!

San Antonio market update

San Antonio continues to be on the rise as far as housing and jobs go! My broker sent out some interesting information that I felt I should share: If this isn't a reason for you to take advantage of an ideal situation, then nothing will ever be. Take advantage, this is an opportunity you shouldn't ignore.

MARKET OVERVIEW
San Antonio housing market is on the leading edge of recovery, although new credit and
underwriting guidelines have disqualified many willing buyers, and others who are
otherwise qualified parked on the sidelines until the national media states this is a
national problem opposed to San Antonio, and Texas, which in general is still moving
forward.
According to the Metro study's (Jack Inselman) current phase of single-family
construction activity totaled 11,445 annual starts, and 14,527 annual closings (one of the
ten most active markets in the US.)
As of March 2008, San Antonio is ranked ninth in job growth with 18,900 jobs gained
(2.3%).
According to the latest figures released by the Office of Federal Housing Enterprise,
oversight (OFHEO) in 2007, San Antonio home appreciation rate of 8.3%
Job Growth
2005 - 33,100
2006 - 26,500
2007 - 18,800
2008 - 15,000 to 20,000 (Forecast)
New home inventory, first quarter 2008 - 6,528 units
Vacant developed lots
28,033 - 29.4 month supply
MLS
MLS - Active Listings - 12,876
SOLDS - March 2008 1,497
Avg. List Price $233,589 up 9%
Avg. Closed Price $199,218 up 6%
Median Closed Price $155,000 up 5%
Prudential Classic Realty
Research Department
May 22, 2008

San Antonio Texas, recession proof?

There was an interesting article in the San Antonio Express News the other day stating that San Antonio doesn't suffer from the recession, as far as the housing market goes. It also should be noted that the homes in San Antonio rise about 4% a year in value. That is considered a good appreciation rate! Our market has dipped in some areas however in others, take New Braunsfel, it rose 1% over the last quarter. The Northwest side, near Lackland AFB, rose about 42%! Wow what a recession. If you're in the market for a nice home that's reasonably priced then I say San Antonio is the place to be!! We also only have about a 1% foreclosure rate and our unemployment rate is extremely low!! Jobs are a plenty in good ole San Antonio (and you can catch a Spurs game for a reasonable price).

Who do you know looking to buy or sell in the San Antonio area?

Frank Bailey