BEAR SPRINGS RANCH :: LOT 200 :: 10.051 ACRES
Visit our new listing in Bear Springs Ranch. The property provides spectacular views that are perfect for your dream home. Contact us today for a tour of the subdivision and to walk the property site.
Friday, November 16, 2012
BEAR SPRINGS RANCH :: LOT 200 :: 10.051 ACRES
BEAR SPRINGS RANCH :: LOT 200 :: 10.051 ACRES
Visit our new listing in Bear Springs Ranch. The property provides spectacular views that are perfect for your dream home. Contact us today for a tour of the subdivision and to walk the property site.
Monday, October 22, 2012
Monday Market Update
In
recent weeks, mortgage rates have been pushed and pulled mostly by Fed
policy expectations and European Union headlines. With little news on
these fronts, though, the US economic data emerged as the main driver of
mortgage rates this week. Unfortunately for mortgage rates, the data
was generally stronger than expected, and rates ended the week higher.
This week's economic data exceeded expectations nearly across the board. Important broad indicators of economic growth, including Retail Sales and Industrial Production, showed solid increases from last month. The Philly Fed manufacturing index rose to the highest level since April. Perhaps the biggest surprise came from the housing data (see below). While stronger economic growth is great news for the economy, it tends to increase future inflationary expectations, which is bad news for mortgage rates.
The national housing data released this week continued to reflect solid improvement. September Housing Starts jumped 15% from August to the highest level since July 2008. Building Permits showed similar strength. September Existing Home Sales were 11% higher than one year ago, making 15 straight months of increases on an annual basis. Inventories of unsold existing homes declined to the lowest level since March 2006. The October NAHB Home Builder Sentiment index rose slightly, its sixth consecutive monthly increase, to the highest level since June 2006.
The big story next week will be Wednesday's Fed meeting, although investors are not expecting any major changes from the Fed following the announcement of QE3 at the last meeting. The most significant economic data will be Friday's release of third quarter Gross Domestic Product (GDP), the broadest measure of economic growth. Before that, New Home Sales will come out on Wednesday. Durable Orders and Pending Home Sales will be released on Thursday. In addition, there will be Treasury auctions on Tuesday, Wednesday, and Thursday.
This week's economic data exceeded expectations nearly across the board. Important broad indicators of economic growth, including Retail Sales and Industrial Production, showed solid increases from last month. The Philly Fed manufacturing index rose to the highest level since April. Perhaps the biggest surprise came from the housing data (see below). While stronger economic growth is great news for the economy, it tends to increase future inflationary expectations, which is bad news for mortgage rates.
The national housing data released this week continued to reflect solid improvement. September Housing Starts jumped 15% from August to the highest level since July 2008. Building Permits showed similar strength. September Existing Home Sales were 11% higher than one year ago, making 15 straight months of increases on an annual basis. Inventories of unsold existing homes declined to the lowest level since March 2006. The October NAHB Home Builder Sentiment index rose slightly, its sixth consecutive monthly increase, to the highest level since June 2006.
The big story next week will be Wednesday's Fed meeting, although investors are not expecting any major changes from the Fed following the announcement of QE3 at the last meeting. The most significant economic data will be Friday's release of third quarter Gross Domestic Product (GDP), the broadest measure of economic growth. Before that, New Home Sales will come out on Wednesday. Durable Orders and Pending Home Sales will be released on Thursday. In addition, there will be Treasury auctions on Tuesday, Wednesday, and Thursday.
Call us today and we will get you in contact with one of the best lenders out there to help you get the best rate possible and find the perfect home! : )
www.TorresRealtyGroup.com
Copyright @ 2012 MBSQuoteline
Monday, October 15, 2012
5 Credit Myths - Busted!
When
it comes to credit, sometimes the largest challenge is the most
difficult to surmount: we simply don’t know what we don’t know, so our
assumptions and 
inaccurate beliefs run wild and free through our mental
real estate. Most of the time, there’s no harm; following finance
fundamentals like paying every bill on time, every time, keep us out of
credit danger zones.
But when it’s approaching the time to buy, refi or even rent a home, relatively small credit score differences can stop you from getting your dream home, and can cost (or save) you thousands of dollars in interest over the life of your loan.
If you’re at a time in your life where it makes sense to invest some time and effort into optimizing your credit score, here are five common credit myths we’d like to help you bust without further ado:
Myth #1: Having lots of cash, a great income, or tons of equity, makes your FICO score less relevant.
Fact: No matter how much cash you have, if you want a mortgage, you must meet the lender’s FICO score guidelines. Of course, if you’re flush with cash, it should be relatively easy to make your monthly payments on time. But if you have come into cash relatively recently or you’re coming off a rough financial patch, lenders don’t not look at your credit score on the theory that your other assets diminish your credit riskiness. Most lenders want nothing more than to avoid having to foreclose on a home, even if the homeowner has other assets.
And the best predictor of whether you’ll default on a loan in the future is how you’ve handled your credit in the past, so your credit score will drive whether you qualify for a home loan and what interest rate you’re charged, no matter how much you make.
Two exceptions: if you buy a home with all cash, or take a hard money loan, which usually requires a much larger-than-average down payment and interest rate, you might be able to bypass credit score scrutiny, but you’ll pay for it.
Myth #2: Having no debt or no late payments means you have great credit.
Fact: Financial responsibility and good credit are two different things. Your FICO score is meant to be a measure of your responsibility when it comes to managing debt, as proven by the fact that you have credit accounts, use them regularly and don’t abuse them.
Having no credit accounts or debts doesn’t give you good credit - it gives you no credit. And on the other end of the credit usage spectrum, being maxed out on various credit accounts all the time, submitting lots of credit applications and other credit moves that indicate you may abuse your credit can actually depress your score. Best practice is to have several credit accounts (student and car loans count!) that you actively and responsibly use on a monthly basis.
Tip: FICO gives a top score to accounts with balances that are 30 percent of the credit limit, so if you can keep your credit card or loan account balances at or around that mark, even better.
Myth #3: Checking your own credit score in advance prevents surprises when you apply for a mortgage.
Fact: Your mortgage originator (broker or banker) must pull their own version of your report from their own provider, and it might have a very different score, rating scale or even different line items than the free or paid report you pulled online. This is why it’s imperative to start working with a mortgage professional as early as possible - a year in advance is not overkill - so you can detect any errors or issues and get their recommended fix in the works with plenty of lead time.
Myth #4: If you’ve had a foreclosure or short sale, your credit report will be damaged for 7 years.
Fact: Derogatory credit items, like late mortgage payments, foreclosures and short sales, appear on your credit report for 7 years, but your credit score can be rehabilitated enough to buy a home or obtain other credit in less time, depending on your circumstances. Your post-short sale or foreclosure waiting period depends on a number of things, including what type of loan you’ll be seeking to buy your next home with, how much cash you’ll have to put down and whether there were any extenuating circumstances involved in losing your home in the first place; some loans allow for an immediate purchase, others require a waiting period of 2, 4 5 or even 7 years after the loss of a home.
Of course, your FICO score is also a key criteria in a post-home loss “buy,” but interestingly enough, the length of time it takes to get your FICO score back up depends on how high it was beforehand. Earlier this year, the New York Times reported that it would take a consumer with a 680 FICO score three years after a foreclosure to bring their score back to that level, while it might take someone with a 780 FICO score (near-perfect) seven years for full score recovery.
And keep in mind that as your foreclosure or short sale ages, its impact on your score will decrease, too.
Myth #5: Short sales have much less impact on your credit score than foreclosures.
Fact: Hear ye, hear ye - short sales and foreclosures have the same impact on your credit score, according to the FICO folks themselves. (The only exceptions are for short sales or deeds-in-lieu of foreclosure where the property was not upside down, which are few and far between, if they’re not just a real estate urban legend!)
However, the number of missed payments you had before your home was lost to foreclosure or short sale might weigh on how gravely injured your FICO score is in the process. At the going rate at which banks are foreclosing on homes - clocking roughly 2 years of missed payments before a home is repossessed - your FICO score could take an even greater hit than if you were able to divest of it via a short sale in 1 year’s time.
Call us today to get ready for the New Year's Home purchase. Let us hep you get things in place and answer any questions you may have about purchasing your next home.
-TRG-
By Tara-Nicholle Nelson |
inaccurate beliefs run wild and free through our mental
real estate. Most of the time, there’s no harm; following finance
fundamentals like paying every bill on time, every time, keep us out of
credit danger zones. But when it’s approaching the time to buy, refi or even rent a home, relatively small credit score differences can stop you from getting your dream home, and can cost (or save) you thousands of dollars in interest over the life of your loan.
If you’re at a time in your life where it makes sense to invest some time and effort into optimizing your credit score, here are five common credit myths we’d like to help you bust without further ado:
Myth #1: Having lots of cash, a great income, or tons of equity, makes your FICO score less relevant.
Fact: No matter how much cash you have, if you want a mortgage, you must meet the lender’s FICO score guidelines. Of course, if you’re flush with cash, it should be relatively easy to make your monthly payments on time. But if you have come into cash relatively recently or you’re coming off a rough financial patch, lenders don’t not look at your credit score on the theory that your other assets diminish your credit riskiness. Most lenders want nothing more than to avoid having to foreclose on a home, even if the homeowner has other assets.
And the best predictor of whether you’ll default on a loan in the future is how you’ve handled your credit in the past, so your credit score will drive whether you qualify for a home loan and what interest rate you’re charged, no matter how much you make.
Two exceptions: if you buy a home with all cash, or take a hard money loan, which usually requires a much larger-than-average down payment and interest rate, you might be able to bypass credit score scrutiny, but you’ll pay for it.
Myth #2: Having no debt or no late payments means you have great credit.
Fact: Financial responsibility and good credit are two different things. Your FICO score is meant to be a measure of your responsibility when it comes to managing debt, as proven by the fact that you have credit accounts, use them regularly and don’t abuse them.
Having no credit accounts or debts doesn’t give you good credit - it gives you no credit. And on the other end of the credit usage spectrum, being maxed out on various credit accounts all the time, submitting lots of credit applications and other credit moves that indicate you may abuse your credit can actually depress your score. Best practice is to have several credit accounts (student and car loans count!) that you actively and responsibly use on a monthly basis.
Tip: FICO gives a top score to accounts with balances that are 30 percent of the credit limit, so if you can keep your credit card or loan account balances at or around that mark, even better.
Myth #3: Checking your own credit score in advance prevents surprises when you apply for a mortgage.
Fact: Your mortgage originator (broker or banker) must pull their own version of your report from their own provider, and it might have a very different score, rating scale or even different line items than the free or paid report you pulled online. This is why it’s imperative to start working with a mortgage professional as early as possible - a year in advance is not overkill - so you can detect any errors or issues and get their recommended fix in the works with plenty of lead time.
Myth #4: If you’ve had a foreclosure or short sale, your credit report will be damaged for 7 years.
Fact: Derogatory credit items, like late mortgage payments, foreclosures and short sales, appear on your credit report for 7 years, but your credit score can be rehabilitated enough to buy a home or obtain other credit in less time, depending on your circumstances. Your post-short sale or foreclosure waiting period depends on a number of things, including what type of loan you’ll be seeking to buy your next home with, how much cash you’ll have to put down and whether there were any extenuating circumstances involved in losing your home in the first place; some loans allow for an immediate purchase, others require a waiting period of 2, 4 5 or even 7 years after the loss of a home.
Of course, your FICO score is also a key criteria in a post-home loss “buy,” but interestingly enough, the length of time it takes to get your FICO score back up depends on how high it was beforehand. Earlier this year, the New York Times reported that it would take a consumer with a 680 FICO score three years after a foreclosure to bring their score back to that level, while it might take someone with a 780 FICO score (near-perfect) seven years for full score recovery.
And keep in mind that as your foreclosure or short sale ages, its impact on your score will decrease, too.
Myth #5: Short sales have much less impact on your credit score than foreclosures.
Fact: Hear ye, hear ye - short sales and foreclosures have the same impact on your credit score, according to the FICO folks themselves. (The only exceptions are for short sales or deeds-in-lieu of foreclosure where the property was not upside down, which are few and far between, if they’re not just a real estate urban legend!)
However, the number of missed payments you had before your home was lost to foreclosure or short sale might weigh on how gravely injured your FICO score is in the process. At the going rate at which banks are foreclosing on homes - clocking roughly 2 years of missed payments before a home is repossessed - your FICO score could take an even greater hit than if you were able to divest of it via a short sale in 1 year’s time.
Call us today to get ready for the New Year's Home purchase. Let us hep you get things in place and answer any questions you may have about purchasing your next home.
-TRG-
By Tara-Nicholle Nelson |
Tuesday, October 9, 2012
Home Buyers :: What Are Your Looking For?
Men vs. Women: America’s More Loveable Property Features
It’s
no secret, men and women are wired differently. But recent research
shows that when it comes to features that motivate them to buy, the
connection between the sexes isn’t a battle.America’s most lovable features
While there’s a small difference in what they love the most, our recent survey showed both men and women agree on which top features make them fall in love with a home.When we asked first-time home buyers “which home amenity would make you, personally, fall in love with a home?,” here were the top answers:
| Amenities | All Respondents | Men | Women |
| Master Bathroom | 70% | 64% | 75% |
| Walk-in Closet | 63% | 55% | 72% |
| Gourmet Kitchen | 56% | 51% | 62% |
| Outdoor Deck | 55% | 51% | 58% |
| Wood Floors | 50% | 46% | 53% |
| Pre-wired for entertainment system (e.g., home theater, surround sound) | 35% | 42% | 28% |
| Pool | 27% | 27% | 26% |
| Hot Tub | 24% | 26% | 22% |
| Other | 15% | 15% | 15% |
The big feature conflict
While men and women agree that the master bath, walk-in closet and gourmet kitchen are top priorities when it comes to finding their dream home, not all features are created equal. Among the top features, women and men each showed they had a little more love for a few key features at the top of the list:
What women love (more than men):
- Master Baths
- Walk in Closets
- Gourmet Kitchens
- Pre-Wiring for Entertainment System
- Pool
- Hot tub
What the data means for agents
For buyer’s agents, be sure to send and highlight these key motivating features when selecting and showing homes to first-time buyers. For agents with listings, make sure you highlight these features in your listing description.Lastly, what’s missing from the list? Comment and tell us which features are making homes in your area loveable for house hunters.
Monday, September 24, 2012
Monday Market Update
Global central banks continued to add monetary stimulus this week, which was favorable for US bonds. The economic data was roughly neutral. As a result, mortgage rates ended the week a little lower.
On Wednesday, the Bank of Japan (BOJ) announced that it will increase its level of monetary stimulus, following similar recent moves by the Fed and the European Central Bank (ECB). The goal of the central banks is to boost economic growth and to reduce joblessness. The primary tool used by the central banks is bond purchases. The increased demand for bonds, including US mortgage-backed securities (MBS), from central bank purchases has helped push mortgage rates lower.
The housing data released this week continued to show improvement in the sector. August Existing Home Sales rose 8% from July to the highest level since May 2010. August Housing Starts increased 2% from July, and Building Permits for single-family homes rose to the highest level since March 2010. The September NAHB Home Builders confidence index rose for the fifth straight month to the highest level since June 2006.
Next week, New Home Sales will be released on Wednesday. The final revisions to second quarter GDP, Durable Orders, and Pending Home Sales will come out on Thursday. Personal Income, Core PCE inflation, and Chicago PMI manufacturing will be released on Friday. Consumer Confidence and Consumer Sentiment will round out the schedule. In addition, there will be Treasury auctions on Tuesday, Wednesday, and Thursday.
On Wednesday, the Bank of Japan (BOJ) announced that it will increase its level of monetary stimulus, following similar recent moves by the Fed and the European Central Bank (ECB). The goal of the central banks is to boost economic growth and to reduce joblessness. The primary tool used by the central banks is bond purchases. The increased demand for bonds, including US mortgage-backed securities (MBS), from central bank purchases has helped push mortgage rates lower.
The housing data released this week continued to show improvement in the sector. August Existing Home Sales rose 8% from July to the highest level since May 2010. August Housing Starts increased 2% from July, and Building Permits for single-family homes rose to the highest level since March 2010. The September NAHB Home Builders confidence index rose for the fifth straight month to the highest level since June 2006.
Next week, New Home Sales will be released on Wednesday. The final revisions to second quarter GDP, Durable Orders, and Pending Home Sales will come out on Thursday. Personal Income, Core PCE inflation, and Chicago PMI manufacturing will be released on Friday. Consumer Confidence and Consumer Sentiment will round out the schedule. In addition, there will be Treasury auctions on Tuesday, Wednesday, and Thursday.
Copyright @ 2012 MBSQuoteline
Tuesday, September 4, 2012
The Market Update
While there was a full slate of economic data and Treasury auctions this week, investors were focused on a speech by Fed Chief Bernanke on Friday. The resulting increase in expectations for future Fed action was positive for mortgage rates, which ended the week a little lower.
Bernanke did not commit to implementing any additional easing measures in his highly anticipated speech from Jackson Hole, but his comments caused investors to raise their expectations for a third round of Fed asset purchases (called quantitative easing or QE3). Bernanke emphasized that a high jobless rate imposes large costs on the economy and left the door open for further easing. QE3 would likely involve Fed purchases of mortgage-backed securities (MBS), so mortgage rates improved after his speech. The possibility of additional monetary stimulus also caused stocks to rally on Friday.
The housing sector data released this week continued to show improvement. July Pending Home Sales increased 2% from June to the highest level since April 2010, which was shortly before the deadline for the homebuyer tax credit. Pending Home Sales are a leading indicator of future housing market activity. The June S&P/ Case-Shiller 20-city home price index increased 2.3% from May.
The biggest economic event next week may be the European Central Bank (ECB) meeting on Thursday. Investors will be watching whether there will be an announcement of additional aid measures for European countries with debt troubles. The biggest US economic report next week will be the important Employment data on Friday. As usual, this data on the number of jobs, the Unemployment Rate, and wage inflation will be the most highly anticipated economic data of the month, particularly this month coming out a little before the next Fed meeting on September 12. Before the employment data, ISM Manufacturing and Construction Spending will be released on Tuesday. Productivity is scheduled for Wednesday. ISM Services will come out on Thursday. Mortgage markets will be closed on Monday in observance of Labor Day.
Bernanke did not commit to implementing any additional easing measures in his highly anticipated speech from Jackson Hole, but his comments caused investors to raise their expectations for a third round of Fed asset purchases (called quantitative easing or QE3). Bernanke emphasized that a high jobless rate imposes large costs on the economy and left the door open for further easing. QE3 would likely involve Fed purchases of mortgage-backed securities (MBS), so mortgage rates improved after his speech. The possibility of additional monetary stimulus also caused stocks to rally on Friday.
The housing sector data released this week continued to show improvement. July Pending Home Sales increased 2% from June to the highest level since April 2010, which was shortly before the deadline for the homebuyer tax credit. Pending Home Sales are a leading indicator of future housing market activity. The June S&P/ Case-Shiller 20-city home price index increased 2.3% from May.
The biggest economic event next week may be the European Central Bank (ECB) meeting on Thursday. Investors will be watching whether there will be an announcement of additional aid measures for European countries with debt troubles. The biggest US economic report next week will be the important Employment data on Friday. As usual, this data on the number of jobs, the Unemployment Rate, and wage inflation will be the most highly anticipated economic data of the month, particularly this month coming out a little before the next Fed meeting on September 12. Before the employment data, ISM Manufacturing and Construction Spending will be released on Tuesday. Productivity is scheduled for Wednesday. ISM Services will come out on Thursday. Mortgage markets will be closed on Monday in observance of Labor Day.
Monday, August 27, 2012
Market Update :: More Stimulus Soon?
The Fed Minutes were the big story this week, raising expectations that the Fed will provide additional monetary stimulus soon. Mixed US economic data and minor news out of Europe had little impact. As a result, mortgage rates ended the week lower.
Released on Wednesday, the detailed Minutes from the August 1 Fed meeting stated that "many" members judged that further monetary easing would be called for in the near future unless economic growth shows a "substantial and sustainable" increase. In short, the Fed wants to see quicker improvement in the labor market and is prepared to act to help achieve this. Following the news, investors raised their expectations that the Fed will announce a third round of quantitative easing (QE3) soon, which would likely involve Fed purchases of mortgage-backed securities (MBS). As a result, demand for MBS increased, causing mortgage rates to improve.
One relatively bright spot for the economy this year has been improving housing market data, which was encouraging again this week. July Existing Home Sales rose 2% from June, while July New Home Sales increased 4% from June. Both measures were significantly higher than one year ago. With mortgage rates still at very low levels and home affordability very high, any pickup in the labor market could lead to increased activity in the housing market.
Next week will be packed with economic news. Revisions to second quarter GDP, Pending Home Sales, and the Fed's Beige Book will come out on Wednesday. Core PCE inflation and Personal Income will be released on Thursday. Chicago PMI Manufacturing and Factory Orders will come out on Friday. In addition, Fed Chief Bernanke will be speaking from Jackson Hole on Friday, and it's possible that he will announce new Fed actions. EU officials will be meeting with Greek leaders to discuss the terms of the bailout package. There will be Treasury auctions on Tuesday, Wednesday, and Thursday.
Monday, August 13, 2012
Monday Market Update
Central Bank the Monday Market UpdateWhile last week was packed with highly anticipated central bank announcements and significant economic data, there was no major economic news this week. As a result, both mortgage rates and the stock market ended the week with little change.
The pace of global economic growth is one primary influence for mortgage rates right now. Slower growth in the US, Europe, China, and most other regions has reduced inflationary pressures and supported low mortgage rates. Last week's stronger than expected Employment report and improving housing sector data, however, has raised hopes that the US will lead the rest of the world back to at least average levels of economic growth. A full slate of economic reports next week will help investors determine if the trend will continue.
While there were few notable headlines this week, news in Europe will continue to impact US mortgage rates in coming months. Weaker European countries are seeking quick relief for their debt troubles, which are close to unsustainable levels. The stronger countries such as Germany, though, are reluctant to pay the price for aid without guarantees about longer term reforms and greater central authority. It's still not certain that the European Union (EU) will remain intact. Both scheduled events and unexpected news almost certainly will have a significant effect on US financial markets for quite a while.
The most significant economic data next week will be the monthly inflation reports. The Producer Price Index (PPI) focuses on the increase in prices of "intermediate" goods used by companies to produce finished products and will come out on Tuesday. The Consumer Price Index (CPI), the most closely watched monthly inflation report, will come out on Wednesday. CPI looks at the price change for those finished goods which are sold to consumers. In addition, Retail Sales will be released on Tuesday. Retail Sales account for about 70% of economic activity. Industrial Production will come out on Wednesday. Housing Starts will be released on Thursday. Consumer Sentiment, Leading Indicators, Philly Fed, and Empire State will round out a busy schedule.
Stay tuned for more Market News and for Housing Stats released on Thursday.
Visis our websit at www.TorresRealtyGroup.com to request specific data on patricular areas that may be of interest to you.
Copyright @ 2012 MBSQuoteline
Thursday, July 5, 2012
26215 Lookout Fls :: Lookout Canyon Masterpiece!
Please take a look at my new My Listing Video for property at 26215 Lookout Fls
San Antonio 78260-2425
Lookout Canyon combines the convenience of the city with the beauty of the Texas Hill Country. Residents of this gated community enjoy a superior recreation center and miles of walking trails throughout Lookout Canyon. Come out and visit your beautiful 4 bedroom 2.5 bath home located in a quiet community - your home is ready for immediate move in and features numerous upgrades. Perfect for entertaining and those summer evenings with the included play scape and trampoline for the kids. Schedule a showing!
San Antonio 78260-2425
Lookout Canyon combines the convenience of the city with the beauty of the Texas Hill Country. Residents of this gated community enjoy a superior recreation center and miles of walking trails throughout Lookout Canyon. Come out and visit your beautiful 4 bedroom 2.5 bath home located in a quiet community - your home is ready for immediate move in and features numerous upgrades. Perfect for entertaining and those summer evenings with the included play scape and trampoline for the kids. Schedule a showing!
Tuesday, May 15, 2012
Home Prices Rise in Half of U.S. Cities as Markets Stabilize
Prices for single-family homes climbed in half of U.S. cities in the first quarter as real estate markets stabilized.
The median sales price increased from a year earlier in 74 of 146 metropolitan areas measured, the National Association of Realtors said in a report today. In the fourth quarter, only 29 areas had gains.
The U.S. housing market is showing signs of bottoming as improving employment and record-low mortgage rates boost demand while inventories of available properties tighten. At the end of March, 2.37 million previously owned homes were available for sale, 22 percent fewer than a year earlier, the Realtors said.
“The housing market is still depressed but it had a good quarter,” Patrick Newport, an economist at IHS Global Insight in Lexington, Massachusetts, said in a telephone interview today. “We’re on the mend but it’s still something that will take two or three years before we’re back to normal.”
The national median existing single-family home price was $158,100 in the first quarter, down 0.4 percent from the first three months of 2011, according to the Realtors group.
The best-performing metro area was Cape Coral, Florida, where prices increased 28.1 percent from a year earlier. Prices rose 19 percent in Grand Rapids, Michigan; 16.9 percent in Palm Bay, Florida; and 16.6 percent in Erie, Pennsylvania.
The median selling price is influenced by the mix of homes on the market and probably was boosted by a smaller share of transactions involving distressed properties. Those homes, which sell at discounts, accounted for 32 percent of first-quarter sales, down from 38 percent a year earlier.
Prices are more volatile than normal because they are affected by the prevalence of distressed sales and “sudden upswings” in buyer interest in some areas, said Lawrence Yun, the group’s chief economist.
Sales of previously owned homes rose 5.3 percent in the first quarter from a year earlier, according to the report. Purchases climbed 11.7 percent in the Midwest, 6.6 percent in the Northeast, 4.1 percent in the South, and 1.4 percent in the West.
Fannie Mae, the nation’s biggest mortgage-finance company, today reported a $2.7 billion first-quarter profit after a $6.5 billion loss a year earlier, citing smaller declines in home prices as one of the reasons for improvement. The Washington-based company said that it won’t need Treasury Department aid to balance its books for the first time since it was seized by federal regulators in 2008.
The median sales price increased from a year earlier in 74 of 146 metropolitan areas measured, the National Association of Realtors said in a report today. In the fourth quarter, only 29 areas had gains.
May 7 (Bloomberg) -- Michelle Meyer, a senior economist at Bank of America Merrill Lynch, talks about the U.S. economy and real estate market. She speaks with Tom Keene on Bloomberg Television's "Surveillance Midday." (Source: Bloomberg)
“The housing market is still depressed but it had a good quarter,” Patrick Newport, an economist at IHS Global Insight in Lexington, Massachusetts, said in a telephone interview today. “We’re on the mend but it’s still something that will take two or three years before we’re back to normal.”
The national median existing single-family home price was $158,100 in the first quarter, down 0.4 percent from the first three months of 2011, according to the Realtors group.
The best-performing metro area was Cape Coral, Florida, where prices increased 28.1 percent from a year earlier. Prices rose 19 percent in Grand Rapids, Michigan; 16.9 percent in Palm Bay, Florida; and 16.6 percent in Erie, Pennsylvania.
Biggest Declines
Kingston, New York, had the biggest decline, with the median selling price tumbling 22 percent in the quarter. It was followed by Stamford, Connecticut, with an 18 percent decline; Mobile, Alabama, at 14.7 percent; and Atlanta at 12 percent.The median selling price is influenced by the mix of homes on the market and probably was boosted by a smaller share of transactions involving distressed properties. Those homes, which sell at discounts, accounted for 32 percent of first-quarter sales, down from 38 percent a year earlier.
Prices are more volatile than normal because they are affected by the prevalence of distressed sales and “sudden upswings” in buyer interest in some areas, said Lawrence Yun, the group’s chief economist.
‘Broad Shortages’
“We have broad shortages of lower-priced homes in much of the country, with very tight supply in Western states for homes through the middle price ranges,” Yun said in the report.“This is good news for many sellers who wish to list now, or for those waiting for prices to improve.”Sales of previously owned homes rose 5.3 percent in the first quarter from a year earlier, according to the report. Purchases climbed 11.7 percent in the Midwest, 6.6 percent in the Northeast, 4.1 percent in the South, and 1.4 percent in the West.
Fannie Mae, the nation’s biggest mortgage-finance company, today reported a $2.7 billion first-quarter profit after a $6.5 billion loss a year earlier, citing smaller declines in home prices as one of the reasons for improvement. The Washington-based company said that it won’t need Treasury Department aid to balance its books for the first time since it was seized by federal regulators in 2008.
Monday, April 30, 2012
1836 Lookout Forest :: SOLD in 1 DAY!
Lookout Canyon combines the convenience of the city with the beauty of the Texas Hill Country.
Residents of this gated community enjoy a superior recreation center and miles of walking trails throughout Lookout Canyon.
Come out and visit your beautiful 4/3.5/2 in a quiet community - greenbelt home that is ready for immediate move in. Home features numerous upgrades and is perfect for entertaining and enjoying summer evenings in your pool!
We SOLD this property in 1 Day and were able to get our clients TOP DOLLAR for their home which was listed for $339,900.
Please call the TorresRealtyGroup for a free consultation to see what your home could sale for in todays market!
Tuesday, April 10, 2012
Eight Tips for Moving into a New Home
We understand that moving to a new home is exciting and it can also be an extremely
rewarding experience with careful planning. Whether you want to be closer to work or
play or you’re simply ready for a superior new home in the perfect San Antonio location,
TRG offers you the assistance to find the perfect retreat you’ve been looking for.
We have the experts to help you create your dream home and the tips you need to prepare
for moving into it. We’ve shared our top eight to help make your next move as seamless
as possible.
rewarding experience with careful planning. Whether you want to be closer to work or
play or you’re simply ready for a superior new home in the perfect San Antonio location,
TRG offers you the assistance to find the perfect retreat you’ve been looking for.
We have the experts to help you create your dream home and the tips you need to prepare
for moving into it. We’ve shared our top eight to help make your next move as seamless
as possible.
Eight Tips for Moving into a New Home | ||||||||||||||||||||||||
Contact us TODAY to help you start your NEW HOME SEARCH!! |
Saturday, March 31, 2012
Eternal question: Should I buy or rent?
NEW YORK (CNNMoney) -- It's the eternal question in real estate: Should I buy or rent?
The answer has never been clearer: Buy!
There are several reasons. Home prices are falling. Mortgage interest rates are at historically low levels. And rents are on the rise.
Of course, many renters are not in a position to buy. For one, it's hard to get a mortgage these days, despite low rates. And paying rent can push them further away from being able to afford to buy.
"Rising rents make it harder for people to save for a down payment, which is the biggest barrier to buying a home that aspiring homeowners face," Jed Kolko, Trulia's chief economist.
The nation's cheapest buyer's market is Detroit, where purchasing is only 3.7 times more expensive than renting.
Other top five metro areas where buying is much better than renting are Oklahoma City, Dayton, Ohio,Warren, Mich. and Toledo, Ohio.
The one number to watch for a housing recovery
Rankings like these, however, can obscure the factors that go into each decision.Housing markets, even within a single metro area, typically have local submarkets. Take New York City, for example. Renting in Manhattan is more affordable than buying. But in suburban Westchester County just miles to the north, buying is the more affordable option.
The size of the home can also make a difference. In some markets, renting can be a better deal on larger homes, according to Trulia.
Readers on mortgage settlement: This stinks
In San Francisco, for example, studio and one-bedroom apartments sell for 13.1 times rent, while three bedrooms or larger sell for more than 18 times rent.The Trulia survey does not take into account home price trends, which are another factor for individuals choosing whether to buy or rent.
"People will pay more for a home if they expect prices to rise and give them a better return on their investment," said Kolko.
Those calculations are about to change, according to Ken H. Johnson, a professor of real estate at Florida International who has studied the buy-vs-rent question extensively. He believes home prices nationally have bottomed.
"The ship has turned," he said. "Markets should slowly start to recover. Housing will return to its traditional role of a safety investment."
If so, that adds an incentive to buy. And investing in many of the most expensive markets may be even safer.
Foreclosures: A rising tide ahead
Kolko pointed out that places like Honolulu, San Francisco and Boston have strong long-term growth prospects. They also have little physical space to grow, a factor that tends to keep prices strong.On the other hand, old areas that aren't growing much -- while cheap -- may not return much in the long run.
"Buying is much cheaper than renting in slow-growing places with high vacancy rates and land to spare, like Detroit and Cleveland, where prices are unlikely to improve much in the future," he said.
@CNNMoney
Monday, March 12, 2012
Monday Market Update
Overall, the economic data came in pretty close to expectations this week, and Greece successfully reached a debt deal with private bondholders. With a lack of surprises in the economic news, mortgage rates ended the week nearly unchanged.
While it was a little stronger than expected, the important monthly Employment report had little impact on mortgage rates. Against a consensus forecast of 200K, the economy added 227K jobs in February, and revisions to prior months added an additional 61K jobs. The Unemployment Rate remained at 8.3%, as expected. Average Hourly Earnings, a proxy for wage growth, increased at a 1.9% annual rate. With gains above 200K for the first three months of the year, the recent pickup in job growth and the decline in Jobless Claims reflect solid improvement in the labor market.
Greece took a necessary step along its path to receive a much needed financial aid package. Private bondholders agreed to the proposed Greek bond swap deal, which will help reduce its debt burden. Without the deal, Greece was at risk of a potentially disastrous full default on its debt, which may have forced it to leave the European Union.
The big news next week will be Tuesday's Fed meeting. Investors will be trying to determine the likelihood of additional Fed easing. The most significant economic data next week will be the monthly inflation reports. The Producer Price Index (PPI) focuses on the increase in prices of "intermediate" goods used by companies to produce finished products and will come out on Thursday. The Consumer Price Index (CPI), the most closely watched monthly inflation report, will come out on Friday. CPI looks at the price change for those finished goods which are sold to consumers. In addition, Retail Sales will be released on Tuesday. Retail Sales account for about 70% of economic activity. Industrial Production, Consumer Sentiment, Import Prices, Philly Fed and Empire State will round out a busy schedule. In addition, there will be Treasury auctions on Monday, Tuesday, and Wednesday.
While it was a little stronger than expected, the important monthly Employment report had little impact on mortgage rates. Against a consensus forecast of 200K, the economy added 227K jobs in February, and revisions to prior months added an additional 61K jobs. The Unemployment Rate remained at 8.3%, as expected. Average Hourly Earnings, a proxy for wage growth, increased at a 1.9% annual rate. With gains above 200K for the first three months of the year, the recent pickup in job growth and the decline in Jobless Claims reflect solid improvement in the labor market.
Greece took a necessary step along its path to receive a much needed financial aid package. Private bondholders agreed to the proposed Greek bond swap deal, which will help reduce its debt burden. Without the deal, Greece was at risk of a potentially disastrous full default on its debt, which may have forced it to leave the European Union.
The big news next week will be Tuesday's Fed meeting. Investors will be trying to determine the likelihood of additional Fed easing. The most significant economic data next week will be the monthly inflation reports. The Producer Price Index (PPI) focuses on the increase in prices of "intermediate" goods used by companies to produce finished products and will come out on Thursday. The Consumer Price Index (CPI), the most closely watched monthly inflation report, will come out on Friday. CPI looks at the price change for those finished goods which are sold to consumers. In addition, Retail Sales will be released on Tuesday. Retail Sales account for about 70% of economic activity. Industrial Production, Consumer Sentiment, Import Prices, Philly Fed and Empire State will round out a busy schedule. In addition, there will be Treasury auctions on Monday, Tuesday, and Wednesday.
Copyright @ 2012 MBSQuoteline
Friday, February 17, 2012
Hill Country with your own backyard of Paradise (6.5 Acres)
This beautiful metal frame rock exterior home has 4 bdrms/study/ 3 1/2 baths/media rm w/home theater system, speakers & room for entertaining. Masterbdrm & closet under contruction & being enlarged. Spacious living w/very high ceilings & a rock fireplace. 30X50 Metal workshop.
Monday, February 13, 2012
Monday Market Update :: What's going on with Greece...
With little US economic news this week, investors focused most of their attention on Europe, where Greece is attempting to avoid a debt default. A lack of progress in Greece late in the week caused a minor flight to safety, and mortgage rates ended slightly lower than last week.
For most of the week, it appeared that Greek officials were on track to deliver a package of austerity measures required for Greece to receive additional aid. The negotiations took an unexpected step backward on Friday, however, as Greek political leaders agreed on an austerity package on Thursday, but European Union (EU) officials stated that Greece will not receive additional aid until the Greek Parliament passes the package. Given the resistance among the Greek people, this is not a sure thing, and it extends the uncertainty about whether Greece will be able to avoid a debt default. As a result, investors shifted to relatively safer assets, including US mortgage-backed securities (MBS), which helped mortgage rates and hurt stocks.
In a light week for US economic data, the Jobless Claims report stood out. Weekly Jobless Claims unexpectedly dropped to 358K. Following several years of readings consistently above 400K, weekly claims have been mostly under 400K over the last couple of months. In the past, readings in this range have been consistent with an improving labor market. In January, the Unemployment Rate dropped to the lowest level since February 2009, and the recent Jobless Claims reports provide additional evidence that the labor market is moving in the right direction.
The most significant economic data next week will be the monthly inflation reports. The Producer Price Index (PPI) focuses on the increase in prices of "intermediate" goods used by companies to produce finished products and will come out on Thursday. The Consumer Price Index (CPI), the most closely watched monthly inflation report, will come out on Friday. CPI looks at the price change for those finished goods which are sold to consumers. In addition, Retail Sales will be released on Tuesday. Retail Sales account for about 70% of economic activity. Industrial Production, another important indicator of economic growth, will come out on Wednesday, along with the detailed FOMC Minutes from the January 25 Fed meeting. Housing Starts will be released on Thursday. Import Prices, Philly Fed and Empire State will round out the schedule.
For most of the week, it appeared that Greek officials were on track to deliver a package of austerity measures required for Greece to receive additional aid. The negotiations took an unexpected step backward on Friday, however, as Greek political leaders agreed on an austerity package on Thursday, but European Union (EU) officials stated that Greece will not receive additional aid until the Greek Parliament passes the package. Given the resistance among the Greek people, this is not a sure thing, and it extends the uncertainty about whether Greece will be able to avoid a debt default. As a result, investors shifted to relatively safer assets, including US mortgage-backed securities (MBS), which helped mortgage rates and hurt stocks.
In a light week for US economic data, the Jobless Claims report stood out. Weekly Jobless Claims unexpectedly dropped to 358K. Following several years of readings consistently above 400K, weekly claims have been mostly under 400K over the last couple of months. In the past, readings in this range have been consistent with an improving labor market. In January, the Unemployment Rate dropped to the lowest level since February 2009, and the recent Jobless Claims reports provide additional evidence that the labor market is moving in the right direction.
The most significant economic data next week will be the monthly inflation reports. The Producer Price Index (PPI) focuses on the increase in prices of "intermediate" goods used by companies to produce finished products and will come out on Thursday. The Consumer Price Index (CPI), the most closely watched monthly inflation report, will come out on Friday. CPI looks at the price change for those finished goods which are sold to consumers. In addition, Retail Sales will be released on Tuesday. Retail Sales account for about 70% of economic activity. Industrial Production, another important indicator of economic growth, will come out on Wednesday, along with the detailed FOMC Minutes from the January 25 Fed meeting. Housing Starts will be released on Thursday. Import Prices, Philly Fed and Empire State will round out the schedule.
Copyright @ 2012 MBSQuoteline
Sunday, February 12, 2012
Banks pay delinquent borrowers $35,000 to sell their homes!!
The bank offered Angelique Pierce $25,000 to short sell her home. The listing price: $95,000
In an effort to cut their losses, banks are paying some struggling homeowners as much as $35,000 to sell their homes before they end up in foreclosure.
The deals are aimed at incentivizing homeowners who owe more on their home than it is worth and who are seriously delinquent on their payments to sell their homes in a short sale.
This new approach by the banks has startled plenty of homeowners, according to Elizabeth Weintraub, a Sacramento-area real estate agent who specializes in short sales.
"Initially, the homeowners are skeptical," she said. "The bank may have already turned down their request for a modification. Then, one day, they call and say, 'Let us give you some cash.'"
When Chase Mortgage (JPM, Fortune 500) told Angelique Pierce, that she would receive a check for $25,000 if she sold her house, she couldn't believe it.
"I got the offer in the mail," said the Rancho Cordova, Calif. resident. "I called my bank to ask if it was real."
After Pierce became disabled a few years ago and had to stop working work, she fell behind on payments on both her first and second mortgages, valued at $250,000 and $50,000, respectively.
Now, she's trying to sell her three-bedroom ranch for just $95,000 -- almost half of the $179,000 she paid for the place in late 2002.
Foreclosure free ride: 3 years, no payments
From the bank's point of view, the offers make sense, according to Tom Kelly, a spokesman for Chase Mortgage, who would not comment on Pierce or other individual cases. "The first choice is a modification but if that's impossible than a short sale is a faster, more efficient solution," he said.For the banks, foreclosure has become an increasingly difficult and expensive option. Homeowners have learned to fight the banks tooth and nail, dragging out cases for years.
And as the cases drag, expenses grow. Homeowners not only stop paying their mortgages but they stop paying property taxes and conducting normal maintenance as well. Roofs, siding, plumbing and other parts of the home deteriorate and the property loses value. By the time banks take possession, they're out tens of thousands of dollars.
Foreclosures: America's hardest hit neighborhoods
"I've seen a lot of foreclosures for sale where it would cost a lot more than $20,000 to get them into condition to sell again," said John Hayton, a short sale specialist in Orlando, Fla, who has had a number of clients receive offers from the banks.Short sales also command higher prices than foreclosed homes. In December, foreclosed properties sold for an average of 22% less than conventional sales, while the discount for short sales was only 14%, according to the National Association of Realtors.
All that has been true for years, but it is only lately that these outsized incentives, which Bloomberg recently reported on, have surfaced.
Sellers are more cooperative when they're going to receive a five-figure check for their troubles.
Nick Chaconas, an agent with discount broker Redfin, wondered why one seller was so anxious to sell their home. "Since I represent the buyer, I didn't even know about the incentive until the closing," he said.
It turned out that the seller's bank was writing her a check for $30,000.
Whether sellers can expect incentives from their banks depends on multiple factors, including where they live.
Wells Fargo (WFC, Fortune 500) limits its offers to certain states, such as Florida, where the foreclosure process can be lengthy, according to spokeswoman Veronica Clemons. The bank has paid $10,000 to $20,000 to borrowers who short sell or transfer their title to Wells via a deed-in-lieu.
What the foreclosure settlement means for you
Bank of America (BAC, Fortune 500) had a pilot program in Florida that paid incentives of $5,000 to $20,000 for sales that were initiated between Sept. 26, 2011 and Nov. 30, 2011 and close by the end of this August. The amount of the incentive is based on 5% of the unpaid balance, with a $5,000 minimum and $20,000 maximum.Jumana Bauwens, Bank of America's spokeswoman, called it a "test-and-run program" that may be expanded to other states.
The offers are not always a panacea for homeowners struggling to pay the bills, however.
Pierce, for example, has not been able to make hers pay off. She had a buyer but her second mortgage holder refused to go along with the deal unless it got a share of the $25,000 she was being offered by the bank. She said that the bank balked at the deal and the sale was cancelled.
She's looking for another buyer, but it's up in the air if Chase will honor its original offer if the second mortgage holder won't cooperate.
______________________________________________________________________________
@CNNMoney
Thursday, February 9, 2012
Spacious living in Shavano Park
Located in Shavano Creek in Bexar County, this home is situated on just under an acre of tree-lined, landscaped property.
The two-story home provides 6,108 square feet of living space and offers five bedrooms and six bathrooms. The eat-in kitchen features granite countertops, custom cabinetry, a double oven and a gas cook-top island. Other key areas of the house include a formal living room with fireplace, dining room, family room with brick fireplace, bar, game room, powder room and a study/library.
Outside amenities of the property include an in-ground pool with waterfall, spa, a pool-convenient bathroom accessible via the powder room, covered patio and grill area, and a three-car garage.
Call us today to schedule a private showing.
Listing agent: Missy Stagers, Coldwell Banker: D'Ann Harper,
Monday, February 6, 2012
Starbucks coffee: now served in cargo containers
Retailer converts shipping containers into shop space....Something we will see in San Antonio soon?
You've heard the popular refrain that Starbucks is everywhere. There may be some truth to that -- the massive coffee retailer has even set up shop in a shipping container.
The now-one-of-a-kind drive-thru/walk-up Starbucks coffee outlet off Interstate 5 in Tukwila, Wash., which opened Dec. 13, is constructed from four modified shipping containers, including one 20-foot container and three 40-foot containers.
And while novel for Starbucks -- this is the company's first foray into a trend gathering momentum for shipping container constructions, but perhaps not the last -- other stores built from shipping containers include a grocery in Seattle and a series of restaurants in San Francisco.
Spokesman Alan Hilowitz described the Tukwila store as another step in fulfilling Starbucks' core mission -- providing a gathering place for communities, using Starbucks' scale "for good," and reducing the corporation's carbon footprint -- while also recycling "the same kind of shipping containers that transport our coffees and teas around the world."
Tony Gale III, Starbucks' corporate architect and architect of record for the project, described the mindset with which he and his team tackled the store's design. "We were able to open our minds to the use of very common elements destined for the landfill as structure for a high-quality, drive-thru coffeehouse design -- essentially creating an industrial beacon for sustainable thinking."
This reflects Starbucks' focus on conservation-minded building initiatives that serve a dual purpose: helping to reduce operating costs and leading by example to push "the environmental design envelope in retail."
With many containers scrapped at the end of an average lifespan of 20 years, the Starbucks solution served to convert a potential waste stream from the company's supply chain into shop space.
This Tukwila store is also the first LEED-certified structure in town. It uses fully reclaimed material for the exterior. Rainwater collected from the roof reduces water consumption and nourishes surrounding "xeriscaping" -- landscapes and plants that naturally require less water.
Even the signage promotes environmental consciousness.
While this is not Starbucks' only drive-thru/walk-up store, it is rare among the company's 17,000 stores worldwide in that it offers no inside seating. Hilowitz said the prototype is easy to break down and transport, and may usher in more container stores.
"We can put a store like this on a lot that will be developed someday but is free for two or three years, and then we can move it."
Architect Tony Gale III says fast-moving baristas are Starbucks' solution to limit customers idling their cars as they await their "cup of morning joe." Already, between one-third to one-half of Starbucks stores have a drive-thru window.
The company's next goal in sustainable thinking: By 2015, it intends to make 100 percent of its cups reusable or recyclable.
Susan Galleymore
Friday, February 3, 2012
Confidence Among U.S. Homebuilders Highest Since 2007
Confidence among U.S. homebuilders rose in January to the highest level in more than four years as sales and buyer traffic improved.
The National Association of Home Builders/Wells Fargo sentiment gauge increased to 25 this month, exceeding the median forecast of economists surveyed by Bloomberg News and reaching the highest level since June 2007, the Washington-based group said today. Readings lower than 50 mean more respondents still said conditions were poor.
By Alex Kowalski
Wednesday, February 1, 2012
San Antonio Spurs - What a Game!!
Spurs Rally Past Rockets
D. Clarke Evans/NBAE/Getty Images
D. Clarke Evans/NBAE/Getty Images
Tim Duncan scored 25 points, Tony Parker added 24, and the Spurs battled back from a 13-point halftime deficit to beat the Rockets 99-91 in San Antonio on Wednesday night. Gary Neal had 15 points off the bench.
_____________________________________________________________________
Just goes to show you...never give up!
If you feel like giving up on your dream of home ownership - don't! The TRG will assist you with all aspects of your home purchase from start to finish. We are here to help you and your family find the Perfect Home at the Best Price.
Purchase with us and we will buy you and a guest tickets to see our next home game with the San Antonio Spurs!
Monday, January 30, 2012
Santikos to build theater on West Side :: Commercial News
Commercial News Update
Locally-based Santikos Theaters is resurrecting plans to build a 16-screen theater on the San Antonio’s West Side.
The Granada Theater will be located at the southeast corner of Loop 1604 and Portranco Road. It will feature an exterior and interior design inspired by Granada, Spain, and will be equipped with the latest digital technology, state-of-the-art sound and stadium seating.
Development costs for the planned theater were not released.
The theater had originally been announced in 2004 with an expected opening date in 2005, but the project never got off the ground. This time the company is expecting better results.
“The Granada has been a labor of love and we are thrilled to be advancing our progress in expanding to the West Side of San Antonio,” says Alexis Smith, director of marketing for Santikos.
The theaters main lobby will include a cafe serving Starbucks Coffee and an entertainment area with video games and facilities for birthday parties, meetings and special events.
Santikos currently operates seven theaters in San Antonio and one in Tomball near Houston.
Sunday, January 29, 2012
Dream Home: 7 Highgate Dr., The Dominion
The Dominion::
7 Highgate Drive,
San Antonio,
TX 78257
Asking price: $2.799 million
Located in the Bexar County subdivision known as The Dominion, this home was built in 2006, is situated on just under an acre and offers 7,410 square feet of living space.
The two-story domicile contains five bedrooms and five full bathrooms. The chef's kitchen features a center island and breakfast bar and is decked out with a Sub-Zero/Wolf appliance package. In addition to the formal dining room, there is also a separate breakfast room. Other key areas of the home include a formal living room, children's retreat, game room, a state-of-the-art home theater and a library.
External attributes of the lushly landscaped property include an outdoor TV and fireplace, heated pool and spa with waterfalls, teppanyaki and outdoor grill, refrigerator, firepit and a four-car garage. In addition, the home is located within a 24/7 guard-gated enclave.
Listing agent: Jason Glast, Keller Williams Realty Luxury
7 Highgate Drive,
San Antonio,
TX 78257
Asking price: $2.799 million
Located in the Bexar County subdivision known as The Dominion, this home was built in 2006, is situated on just under an acre and offers 7,410 square feet of living space.
The two-story domicile contains five bedrooms and five full bathrooms. The chef's kitchen features a center island and breakfast bar and is decked out with a Sub-Zero/Wolf appliance package. In addition to the formal dining room, there is also a separate breakfast room. Other key areas of the home include a formal living room, children's retreat, game room, a state-of-the-art home theater and a library.
External attributes of the lushly landscaped property include an outdoor TV and fireplace, heated pool and spa with waterfalls, teppanyaki and outdoor grill, refrigerator, firepit and a four-car garage. In addition, the home is located within a 24/7 guard-gated enclave.
Listing agent: Jason Glast, Keller Williams Realty Luxury
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