Sep
15
INVESTOR ALERT: San Antonio Rated Among Top US Cities
Posted by Dominick Dina under For Buyers, For Sellers, General Information, Market, Ask a REALTOR, economic conditions
In a new report by the Brookings Institution, San Antonio is rated among the top US cities due to a strong economy. San Antonio is considered to have a consistent, strong economy due to the lack of a housing bubble and the vibrant government, medical and military economic generators.
The San Antonio metro area is seen as more stable than other parts of the country. Housing prices rose less than other areas which resulted in less of a collapse in home prices. This, along with a strong, stable job base keeps San Antonio is the top of the list.
This good news is not to say San Antonio is immune to ups and downs due to conditions outside of Texas. The employment numbers have varied and some declines have been seen in the tourist market. Overall, given the strong foundations of the basic employers and the lower than average home prices (compared to the national prices) San Antonio is expected to keep sustaining the trend of economic growth through job creation and the housing market.
Strongest Metropolitan Areas (listed alphabetically)
Austin
Baton Rouge, LA
Columbia, SC
Dallas-Fort Worth
Des Moines, IA
El Paso
Harrisburg, PA
Honolulu, HI
Houston
Jackson, MS
Little Rock, AR
McAllen
Oklahoma City, OK
Omaha, NE
Pittsburgh, PA
Rochester, NY
San Antonio
Tulsa, OK
Virginia Beach, VA
Washington, DC
SOURCE: Brookings Institution, pub SAEN, 09-15-09






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