In my 34 years as a San Antonio, TX realtor, I've seen many market changes and the effects of resulting strategies that builders, sellers and buyers took to predict how to go about buying or selling a home in whatever market conditions prevailed at any given time. One of the most fascinating trends, which teetered on the whims of the economy was the construction of unsold homes in the hope they would sell before the interest on the loans obtained to build the homes would become a negative factor.
This phenomena prevailed in the 1980s to the extent that some of the larger builders had over 100 unsold homes on the ground, ready for occupancy. All went well until buyer demand declined and lenders shut the door on financing the construction of more unsold homes. Many builders were faced with the prospect of paying the interest owed on their current inventory, and some, not being able to obtain financing to build more homes, were forced into bankruptcy.
Today there are once again some of San Antonio's stronger builders have completed homes ready for quick occupancy. The speculation is that with the near end of the first-time homebuyer stimulus incentive, many buyers will appear who want to take advantage of the programs incentives. Unable to wait for a home to be constructed because of the time involved, they will be prime candidates for the ready to move into home. In a housing market that is relatively strong compared to most of the rest of the nation,
I'm confident the builders will be successful in the short term. With the end of the incentive program, though, it's anybody's guess how well this market will do in succeeding months. One thing you can be sure of is that whatever conditions prevail, the San Antonio real estate market will make the appropriate adjustments in order to keep us a continuing strong real estate market.
visit www.EdBarrettHomefinder.com additional articles on San Antonio, TX. For a list of ready to move-into homes, e-mail me at; EdBarr1936@gmail.com