San Antonio housing market upbeatSan Antonio housing market upbeathttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=86282013-01-10T06:57:00Z2013-01-09T00:00:00Z

SAN ANTONIO - Low mortgage rates coupled with increases in new home construction and sales are expected to fuel a growing housing market in the San Antonio area this year.

It's anticipated that new home builds and home sales both will rise between 10 percent and 15 percent in 2013, according to the San Antonio Board of Realtors.

Home sales from January through November 2012, the most recent month for which data is available, jumped to 18,343, a 10.3 percent rise over last year's 16,631.

Last year, builders started nearly 7,800 homes, a 14 percent increase when compared to 2011. The median price for existing San Antonio homes in 2012 surged nearly 5 percent from the previous year, when the sales price was $152,400. The median price for new homes also grew 3.5 percent to $207,000.

For 2012, the average rental-home price was $1,333 per month, a nearly 5 percent jump from the previous year's $1,274 average.

Forecasts for 2013 are in line with figures from 2012.

Read more at the San Antonio Express-News.

San Antonio Express-News
San Antonio-New Braunfels
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