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Doing RElastate Texas Style!
The top 5 American cities where home prices
are likely to rise in 2010!
1. Albuquerque, N.M.
2. Charlotte, N.C.
3. San Antonio
4. Portland, Ore.
5. Austin, Texas
San Antonio, TX
Overall rank: 1
San Antonio, the second-largest city in Texas and the site of the battle of the Alamo, has one of the strongest job markets in the nation. Construction, which slowed during the recession, remains relatively robust, in part because of a new JW Marriott, a Caterpillar plant now under construction, as well as school, hospital, and military projects. Employment in San Antonio peaked in the second quarter of last year. Gross metropolitan product in the second quarter was down just 0.8% from the peak in the third quarter of 2008. Home prices grew 3.1% in the second quarter compared with the same period a year earlier. And the unemployment rate in June was 6.9%, up 2 points from a year earlier. (Please see below for the various criteria used by the Brookings Institution to determine the overall ranking.)
Job growth (since peak) rank: 3
Gross Metro Product (since peak) rank: 5
Unemployment change (year over year) rank: 4
Home price change (year over year) rank: 10
Compliments of Businessweek.com
Real Estate is not about houses,
it's about People!
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Need "HASSLE FREE" finance advice?
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Kristin Graham with University Mortgage Inc. @ 210.639.0984
email Kristin@universitym.com
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