San Antonio Real Estate Forecast 2020

SAN ANTONIO - Dec. 12, 2019 - PRLog -- Per Bruce Myles, owner, and founder of Proactive Commercial Lending Group, LLC," a Texas Commercial Lender. " The San Antonio real estate forecast for 2020 will most likely rein in a community that's experienced a heavily active market. Now, while that's ostensibly advantageous for sellers, while not as good for buyers. However, there are signs the market will return to a more balanced one going into mid to late 2020.

Located in south-central Texas, San Antonio is most well known as being the home of the Alamo. It's also home to SeaWorld San Antonio, a favorite known as River Walk, and the HemisFair Park Tower of Americas.

The community of San Antonio is an active and growing one, with various industries either relocating or establishing presences in the area. Employment opportunities are strong and housing prices are some of the most affordable in the region.

Right now, the median house value in San Antonio stands at $179,000. Home values have increased in the area by 4.5 percent over the past year and industry experts forecast another gain -- although less dramatic -- of 2.7 percent over the next year.

Meanwhile, the median list price per square foot in the community of San Antonio $123, lower than the larger metro area average of $130. Additionally, the median list price in the city of San Antonio stands at $239,700.

At this time, the median rent price in San Antonio is $1,300 per month, which is slightly below the metro average of $1,350.

Mortgage delinquency rates are low in the area, being 1.6 percent, just a bit above the national average of 1.1 percent.

All of this points to a market shifting away from a community that's in the midst of a sellers' market to a more balanced one. As home values won't rise as much and more potential distressed properties coming onto the market, it should lay the groundwork to bring the market back to the center. This is why San Antonio is a great place to look for a home next year.

Proactive Commercial Lending Group, LLC was formed back in 2003 by Bruce Myles with the thought that many good, hard-working business owners were not getting the Banking Services they needed to survive,  maintain and grow their business. This was due to the restrictions on banks (FDIC) or banks not willing to take a chance on their own customers and communities (or Lazy Loan Officers)!! For help getting Hard Money Loans in Texas, contact http://www.proactivelendinggroup.com