People sometimes ask me if I believe we’re seeing a real estate bubble that’s about to burst here in San Antonio. Actually, I don’t.
People often ask me, “Is a bubble about to pop in the San Antonio real estate market?” My answer to this is no, I don’t think it is. There are basically three reasons as to why this is:
1. Lending standards. Nowadays, our lending standards are so much higher than they were in the past. It is much more difficult for people to falsify their qualifications.
2. New construction. In San Antonio and other nearby areas, we aren’t seeing the kind of overbuilding we were back in 2008. This has helped to keep things stable.
3. Prices. According to a recent report from Trulia, only 34% of homes nationally are above where they were in 2008. This is just one more reason I don’t believe we’re about to see any sort of bubble pop.
If you have any other questions or would like more information, feel free to give me a call or send me an email. I look forward to hearing from you soon.