I am on the Schertz, TX Economic Development Corporation Board of Directors and was asked to provide some information on foreclosures in the city. Our financial folks are in the process of updating the city's bond ratings with some big New York banks and needed current data. Here is what is real for us:
Currently Schertz has five (5) listed foreclosures! For a population of ver 33,000 that is an impressive number. We historically have 8-10, but recent sales have reduced the inventory and we are not adding much to it. If we had out "little" tri-city area of Selma, Cibolo, and Schertz, we have 13 listed for a population of close to 50,000.
We have had 10 foreclosures sold in Schertz in the last six months, and 23 when the tri-city is combined. Again, not what everyone expected to hear....they all thought we are experiencing historically high levels, when in fact, it is just the opposite!
Schertz and the central Texas region is in great shape and we are proud to have such a solid eceonomic base to work with. Sure, things are slow compared to a couple of years ago, but we are still moving forward.
If you want any information on our great little town, let me know!
Showing posts with label Texas economic outlook. Show all posts
Showing posts with label Texas economic outlook. Show all posts
Wednesday, July 8, 2009
Friday, October 24, 2008
Rated Top Again!
Forbes picks S.A. as top Spot – again !
San Antonio Express – News October 19, 2008 Section D
“You may all go to hell and I will go to Texas,” Davy Crockett once said.
This week, Fortune magazine gave pretty much the same advice for residential real estate.Forbes has named San Antonio and Austin as the top two cities in which to hunker down and to ride out the nation’s financial storm.It also recommended Dallas and Houston as among the top 10 cities with affordable housing and job growth, where a homeowner’s money goes far and homesaren’t likely to fall in value.Forbes noted that Texas is doing well thanks to energy, technology and growth in manufacturing.And the magazine also said San Antonio’s military bases continue to draw military personnel and government workers to the city.
Cities that Fortune says to avoid during the nation’s financial crisis: Los Angeles; Providence, RI; New Orleans; Philadelphia; and Cleveland.---Jennifer Hiller
San Antonio Express – News October 19, 2008 Section D
“You may all go to hell and I will go to Texas,” Davy Crockett once said.
This week, Fortune magazine gave pretty much the same advice for residential real estate.Forbes has named San Antonio and Austin as the top two cities in which to hunker down and to ride out the nation’s financial storm.It also recommended Dallas and Houston as among the top 10 cities with affordable housing and job growth, where a homeowner’s money goes far and homesaren’t likely to fall in value.Forbes noted that Texas is doing well thanks to energy, technology and growth in manufacturing.And the magazine also said San Antonio’s military bases continue to draw military personnel and government workers to the city.
Cities that Fortune says to avoid during the nation’s financial crisis: Los Angeles; Providence, RI; New Orleans; Philadelphia; and Cleveland.---Jennifer Hiller
Monday, September 15, 2008
Busy Month
Things have been busy here the last few weeks! We have had scares with two major hurricanes that passed by the San Antonio region, unfortunately damaging many other areas at the same time. Still, we had to prepare and watch out for our clients property as well.
We were also proud to host the annual Texas Realtors Convention in San Antonio this year. It was a week long event that took a year to prepare for, and it was a huge success. The Grand Hyatt was in good shape and the Convention Center was the perfect venue for the 1200+ attendees. Starting with governance meetings and workshops for certain task forces, we got a lot done and see a super future in the Texas Real Estate market. Protecting the property owner is a vital concern of your Texas Realtors and that was the theme during the many meetings that covered the upcoming Legislative year in 2009.
And, Tim graduated in only the fourth class of the Texas Realtors Leadership Program. This prestigious program accepts Realtors that are interested in the industry and the future. It provides an eight month executive program in leadership, communications, and Texas Real Estate legal issues, as well as a super background of the business of real estate. There are only 84 graduates in the central Texas region, so this is a small and elite group of professionals that are here to serve you in all real estate transactions.
And finally in this issue, one of the highlights of the Realtor Convention was the seminar on our economy and housing outlook. Dr. Mark Doutzour from the Texas A&M Real Estate Center, along with Dr. Ray Perryman, a nationally acclaimed economist chaired the program. Their years of experience provided the basis for the analysis that Texas is in good shape compared to the rest of the country; we are continuing to grow economically; Texas would have the 11th largest economy in the world if it was a nation! Still, there are challenges and the housing market will continue to be a buyers market for another 6-9 months (after the elections will start the transition). Their predictions and analysis is available on the Texas A&M Real Estate Center website at: http://recenter.tamu.edu/. Highly recommend this site for anyone interested in many things about our state and the real estate market.
More coming soon!
We were also proud to host the annual Texas Realtors Convention in San Antonio this year. It was a week long event that took a year to prepare for, and it was a huge success. The Grand Hyatt was in good shape and the Convention Center was the perfect venue for the 1200+ attendees. Starting with governance meetings and workshops for certain task forces, we got a lot done and see a super future in the Texas Real Estate market. Protecting the property owner is a vital concern of your Texas Realtors and that was the theme during the many meetings that covered the upcoming Legislative year in 2009.
And, Tim graduated in only the fourth class of the Texas Realtors Leadership Program. This prestigious program accepts Realtors that are interested in the industry and the future. It provides an eight month executive program in leadership, communications, and Texas Real Estate legal issues, as well as a super background of the business of real estate. There are only 84 graduates in the central Texas region, so this is a small and elite group of professionals that are here to serve you in all real estate transactions.
And finally in this issue, one of the highlights of the Realtor Convention was the seminar on our economy and housing outlook. Dr. Mark Doutzour from the Texas A&M Real Estate Center, along with Dr. Ray Perryman, a nationally acclaimed economist chaired the program. Their years of experience provided the basis for the analysis that Texas is in good shape compared to the rest of the country; we are continuing to grow economically; Texas would have the 11th largest economy in the world if it was a nation! Still, there are challenges and the housing market will continue to be a buyers market for another 6-9 months (after the elections will start the transition). Their predictions and analysis is available on the Texas A&M Real Estate Center website at: http://recenter.tamu.edu/. Highly recommend this site for anyone interested in many things about our state and the real estate market.
More coming soon!
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