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Robin Rogers, ABR, CRS: professional real estate broker & investment adviser

All right, since you insist: here's another gratuitous cat picture

This time Josh is the subject. Josh the cat sprawling on the floor

Josh is the newest member of the menagerie, a found cat who is still adjusting to being indoors. He stops to eat cat food whenever he happens to stroll by the bowl. The other two cats are starting to look positively gaunt next to him. But he is still a youngster, and I hope he tones it down so I don't have to feed him separately. That would be a huge hassle, and having three indoor cats is already proving to be a hassle.

I've never seen a cat sprawl on the floor like this. Maybe he thinks he's a terrier.

Way overdue: another gratuitous cat picture

It's been a long time since I posted a gratuitous cat photo to my blog. So when I managed to get a photo of Kitty looking up at the camera lens, for once, I thought I'd better take advantage of it.

I spotted Kitty in a neighborhood I was driving through while previewing some homes for clients in 2004. It took me 20 minutes to calm her down enough to catch her and take her to the nearest vet. Although the vet said she was basically healthy, she was skinny and was missing most of the hair from her flanks down to her legs. After I took her home, I put her on a special diet for stressed-out felines, and within three months she looked healthy and beautiful, like she does now. I only feed her expensive, high-protein cat food and she is indoors all the time now.

Why "Kitty"? At the time, my husband disapproved of human names for cats. I wanted to call her Simone, but the only name she answers to is Kitty.

Kitty posting in the sunroom

San Antonio's economy: how is it doing?

A good housing market is dependent on a good local economy. And the economy of San Antonio, Texas, seems to be doing well.

Out of 366 metropolitan areas, the San Antonio-New Braunfels metropolitan area had a gross metropolitan product of $82 billion in 2010. This metropolitan area includes eight counties, the most populated ones being Bexar, Guadalupe, and Comal Counties.

The figures were compiled and recently released by the U.S. Bureau of Economic Analysis. The GMP is similar to the Gross National Product, representing the total output of goods and services in a metropolitan area. Although the San Antonio-New Braunfels metro area ranked 38th out of 366 markets, this means the economic output increased by 3.56% from 2009. In comparison, the national rate was 2.5% in 2010.

More good news for job seekers in San Antonio: it is rated one of the best cities for creating new retail jobs, according to a study conducted by American City Business Journals. For the last five years, 96,100 retail jobs have been added in San Antonio. This adds up to a growth rate of 4.12% according to the data from the U.S. Bureau of Labor Statistics.

Mission San Jose, San Antonio, Texas

Mission San Jose was a successful generator of jobs in San Antonio in the 1700s

Good news / bad news for home buyers and sellers in San Antonio, Texas

To sellers and home builders, it is bad news. Home sales are down in San Antonio, Texas, according to the San Antonio Board of Realtors. They decreased 11% in July from their July 2010 levels. In addition, the median price dropped 4% from the same time period, to $157,000. That means it is still very much a buyer's market.

“The housing market is still just sort of lumbering along,” remarked James Gaines, a research economist at Texas A&M University's Real Estate Center.

Up until the end of July, the number of home sales was off by 4.7% from last year's levels. They stood at 10,520, which wasn't too bad, considering. Last year's sales activity was boosted by the first-time home buyer tax credit. The credit was extended by one year for members of the military (and other federal employees) who had been deployed overseas in 2010. It expired on June 30.

Now it's time for some good news for sellers in the Alamo City: foreclosures are down by 17% in Bexar County, which encompasses the San Antonio metro. That is compared to last year's total for this time period. Sellers are finding it difficult to compete with foreclosures, and appraisers have been instructed to use foreclosures as sales comparables, further depressing prices.

Continuing low interest rates for mortgages spells good news for both buyers and sellers. Home buyers may find it easier to qualify for lower rates and can take advantage of the opportunity. If sellers can't sell their homes, maybe they will at least be able to refinance into a lower rate mortgage.

More good news for home buyers: 4111 Cactus Oak is for sale

Waterfront homes northeast of San Antonio in the foothills of the Texas Hill Country

Man having fun wading in the Guadalupe River, TexasThinking of buying a waterfront home in the foothills of the Hill Country northeast area of San Antonio? Then you are not alone. Vacation and second homes are popular in Comal County, which includes picturesque New Braunfels and the Comal and Guadalupe Rivers, as well as the east portion of Canyon Lake. Sales prices have been about the same since last year. The median price for homes and condos on the water, whether lakefront or riverfront, is $320,000.

What the relentless Texas drought has affected, however, is the time on the market of waterfront properties. The median time from listing to sale it up from 158 days in 2010 to 188 days. This reflects the fact that Canyon Lake and Guadalupe River water levels have dropped significantly.

The water levels have remained about the same, however, in Guadalupe County to the east. That's because the lower part of the Guadalupe is dammed in several places to make a series of small lakes, including Lake Dunlap, Lake McQueeney, Lake Placid, and Meadow Lake. These fishing and boating lakes are located between New Braunfels and IH 35 (the corridor from San Antonio to Austin) and Seguin, to the east of IH 10.

Both the volume of sales and the median prices of waterfront homes in Guadalupe County increased from last summer's levels. As interest rates remain low and the summer heat starts to subside from its record heights, I suspect even more people will be buying waterfront property in this area.

Some guy wading in the Guadalupe River