Alamo City home prices putting on the brakesAlamo City home prices putting on the brakeshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=131312016-05-10T05:00:00Z2016-05-10T16:00:00Z

​SAN ANTONIO – Fueled by population growth, a low housing inventory, and low mortgage rates, area home prices continue to climb, although at a slower rate than in recent years.

The median sales price for a home in first quarter 2016 was $195,500, a 5.8 percent increase from a year ago, according to a study by the National Association of Realtors.

Last year, first-quarter prices were up 9.1 percent over the previous year. In 2014, they were up 8 percent.

“We’re slowing down a little bit,” said Real Estate Center Chief Economist Dr. Jim Gaines. He said sustaining the high growth rates “is difficult and to some extent not really desirable because it plays havoc with affordable housing. Even 5.8 percent is above normal.”​​

San Antonio Express-News
San Antonio-New Braunfels
http://www.expressnews.com/real-estate/article/San-Antonio-home-prices-continue-climb-but-at-7423786.phpRead more at {Source}

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