home owners | Texas Public Radio

home owners

American Advisors Group CC BY - SA 2.0: http://bit.ly/2LohI0u

The idea of buying a house is exciting but daunting. Whether purchasing a first home or a forever home, wrong choices can be costly. What should future homebuyers know and to

make the process manageable and be confident about important decisions?

 

  

Brian Kirkpatrick | Texas Public Radio

A big home development on Boerne Lake faced opposition from concerned residents who live around the lake, a key source of water for the city.

Brian Kirkpatrick | Texas Public Radio

The lines were long and the phones steadily rang at the Bexar County Tax Appraisal District Office on North Frio downtown. Wednesday was the last day to file a protest over the appraised value of a home or business.

Buying A Home In San Antonio? Be Ready To Spend A Lot More

Jun 17, 2015

If you’re buying a home in the Alamo City right now, you might just be at the receiving end of the stick in an era when it is a buyer’s dream market, in many other parts of the country. According to a report from the San Antonio Board of Realtors, home prices in San Antonio climbed to an all-time high in May. San Antonio’s home price reached $202,500 — the first time the number has gone beyond $200,000 — according to their data. The contributory factors? Population growth, job growth, a demand for housing, a slowdown in construction and a tight market in terms of supply versus demand.

Flickr

Eager to buy your first home this spring? Already own, but want to trade up? Be warned: there’ll be plenty of competition. Bidding wars have broken out in hot real-estate markets like Denver and Los Angeles, where there aren’t enough houses to meet demand. Seven states set highs in March, including Colorado, New York, Tennessee and Texas, according to real estate data provider CoreLogic.

The lack of supply is a key reason home sales nationwide have yet to return to healthy levels following the housing collapse in 2008.

“Inventory is still fairly low in a lot of markets across the country,” said Skylar Olsen, senior economist at real estate data firm Zillow. “Buyers are not going to have the easiest time out there.”

Joey Palacios / Texas Public Radio

A lot of Bexar County property owners say they're in shock after getting their property appraisals in the mail this week. The values of area homes are going up, which, in turn, means higher taxes are on the way. If someone isn’t planning on selling their home, they aren’t going to be happy.