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San Antonio Named A Best Buy City

Posted by Mission del Lago on Aug 21, 2015 8:00:00 AM

http://www.bloomberg.com/ss/09/10/1022_40_strongest_us_metro_economies/2.htm

There has been a lot of positive news coming out of San Antonio lately, the most recent being the No. 6 ranking on Forbes' list of Best Buy Cities. Based on data from “Local Market Monitor, a North Carolina-based data company” and factors including population and employment growth, annual home price growth, and home price/rent ratio in more than 300 housing markets, San Antonio was deemed a top choice in which to “invest in housing this year.” 

“Whether you’re an investor looking to pick up a few rental properties or a young professional interested in purchasing a first home, there are plenty of places where housing should be a pretty safe bet,” they said. “The key is to buy in cities with strong job growth that people are moving to, so that the stock of potential tenants for would-be landlords is abundant.”

Home prices within the San Antonio-New Braunfels metropolitan area continue to rise, up 5.3 percent over this time last year, according to the latest CoreLogic Home Price Index, said Business Insider. In addition, last month, Forbes’ list of Best Places for Business and Careers ranked San Antonio 50th out of 200.

“With a metropolitan population of 2.3 million and a gross metro product of $110.1 billion, the San Antonio area has projected annual job growth of 2.7 percent, 26.7 percent college attainment and 1.5 percent high-tech employment,” they said. “Forbes highlighted the city’s defense, health care and tourism as key industries for employment.”

On the SouthSide, several large employers including the San Antonio Toyota Plant, the mixed-use Brooks City Base, the new Texas A&M University campus, and Eagle Ford Shale-related companies including Halliburton and Schlumberger have created a strong local employment base. New SouthSide businesses added or coming, such as FMC Technologies, nicknamed the “Lowes of Eagle Ford Shale,” the new two-story HEB supermarket, and the Greater Mission Recreational YMCA also continue to feed the revitalization. The area’s leading masterplanned community, Mission del Lago, provides needed housing for a variety of buyers with spacious, modern residences from national homebuilders Lennar and D.R. Horton priced from the $150s.

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