Category Archives: San Antonio

Equifax Data Breach—What to Do to Protect Your Credit and Identity

On September 7th, 2017, Equifax, one of the three major credit reporting bureaus, revealed that hackers had gained access to their company data from May to July 2017. This data breach compromised the personally identifying information of 143 million American consumers, including names, social security numbers, addresses, dates of birth and driver license numbers. In addition, about 209,000 customer credit cards were compromised along with personal identification documents from 182,000 accounts in dispute.

This information could be used by criminals to open new credit accounts, file for tax refund anticipation loans, or otherwise impersonate individuals in a way that can be severely damaging to the victim’s finances and credit history.

Here are some steps you can take to  protect your personal information, identity and credit score.

1: Find out if you were affected – Equifax has created a site at www.equifaxsecurity2017.com where you can see if you were one of the millions of people whose data was compromised by the breach.

2. Sign up for credit monitoring – Equifax is offering free identity theft protection and credit file monitoring to all U.S. consumers for one year, regardless of whether they were impacted by this incident. To find out if you were affected by the breach and to enroll for Equifax’s credit monitoring service go to the www.equifaxsecurity2017.com page where you will be asked to provide your last name and the last six digits of your Social Security number.

To sign up for free credit monitoring you will be asked to provide additional information to verify your identity including a valid email address and mobile number. Within a few days, you will receive an email with a link to activate Equifax’ TrustedID Premier credit monitoring service. When the email arrives, you will need to follow the link to verify your email address and complete your enrollment.   The enrollment period ends on Tuesday, November 21, 2017.

3. Check Your Credit Reports – You can obtain a free copy of your credit report from each of the reporting agencies once a year at www.AnnualCreditReport.com. Check your credit reports and financial statements on a regular basis to look out for any suspicious activity such as payments you don’t recognize or accounts that you didn’t open. If you suspect someone used your identity to open credit card accounts or take out loans you must contact the company’s fraud department immediately.

4. Set up a Fraud Alert – A fraud alert makes it harder for identity thieves to open accounts in your name. When a fraud alert is set, companies are required to verify your identity by contacting you directly before opening a new credit account. To set a fraud alert, contact one of the credit card bureaus and ask for an initial fraud alert. You only need to contact one of the companies for the alert to be set, and it will last 90 days. After that, you’ll have to renew it.

5: Put a Freeze on Your Credit – If you want to make it even harder for anyone pretending to be you to open a new line of credit in your name you can contact the credit bureaus and place a freeze on your credit file to restrict access to your credit report.

6: File Your Taxes Early! – Criminals have used stolen identity information to file taxes to receive a tax refund anticipation loan.  File your taxes early in order to file before an impostor tries to file with your info. Contact the IRS immediately if you suspect a fraudulent return has been filed with your info.

Helpful Contact Info for Credit Bureaus & FTC

Equifax: 1-888-766-0008 www.Equifax.com

Experian:  1-888-397-3742 http://www.experian.com

Transunion: 1-800-680-7289 www.transunion.com

Federal Trade Commission, Consumer Response Center
1-877-IDTHEFT (438-4338)
www.ftc.gov/idtheft

 

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San Antonio Home Sales Increase, Inventory Remains Low in August

SABOR 8-17 mkt-stats-graphic

The San Antonio area housing market continues to sizzle with total homes sold in August 2017 rising two percent from last year for a total of 2,984 according to the Multiple Listing Service Report from the San Antonio Board of REALTORS® (SABOR).

The average price of a home sold in the area was $252,613 while the median was $218,400, both three percent year-over-year increases. “Not only did the total number of sales continue to rise compared to 2016, but August also had the lowest days on market than any other month this year with just 48 days,” said Yvette Allen, SABOR’s 2017 Chairman of the Board. “This is six days less than August of last year and three days fewer than the state’s 51 days on market. Homes can sell fast depending on price and location, so those interested in buying need to be prepared to make a decision quickly.” Days on market was not the only indicator of a continuously tight market. Months of inventory has remained below four months, at 3.6 in August, for nearly two years.

Homes are continuing to come on the market with 3,768 new listings available in August and 9,780 properties active. The month ended with 2,260 sales still pending.

Homes priced between $200,000 and $500,000 remained the dominant price range for buyers in August with this segment accounting for 52 percent of the month’s transactions. Homes priced under $200,000 made up 42.6 percent of the sales in August and 5.3 percent of the homes sold last month were priced over $500,000.

“Interest rates continue to remain low compared to previous years which allows buyers to make their money go further and get more house for their dollars,” said Angela Shields, SABOR’s President and CEO. “The best course of action when you are weighing your options to find the right house and price point for you is to work with a local REALTOR® who can guide you through the process.”

SA Home Sales Recap Aug-15 Aug-16 Aug-17
Total Month Sales  2,561 (5% increase) 2,918 (13% increase)  2,984 (2% increase)
Average Price  $236,259 (7% increase) $245,537 (4% increase)  $252,613 (3% increase)
Median Price  $198,300 (8% increase) $211,900 (7% increase) $218,400 (3% increase)

*Percentage increases are based on a year-over-year comparison.

If you are thinking of buying or selling a home in the San Antonio metropolitan area, and want to work with a trusted San Antonio REALTOR® throughout the process, contact Trudy Edwards of KELLER WILLIAMS Realty Heritage, at (210) 595-9801, or by email at TrueSARealEstate@gmail.com.

 

 

San Antonio Housing Market Continues to Outpace Previous Years

June 2017 SA housing Infographic

Growing prices paired with low supply have not deterred San Antonio area home buyers who continue to flood the market seeking their dream homes, pushing up the total home sales for the first six months of 2017 to 14,845, a four percent year-over-year increase according to the Multiple Listing Service Report from the San Antonio Board of REALTORS® (SABOR) which reports on all areas contained within the MLS. To date this year, the average and median sales prices have also both increased, by a moderate five percent to $248,923 and $211,700, respectively.

“Our local market consistently outperforms last year’s, putting the San Antonio area on track for another record-breaking year,” said Yvette Allen, SABOR’s 2017 Chairman of the Board. “Though prices have increased, they are still generally lower than those in other major Texas metros. This affordability combined with so many jobs relocating here as well as our booming tech, medical and military industries help San Antonio maintain its popularity among buyers.”

In June, homes priced below $200,000 made up 41.4 percent of homes sold while homes priced between $200,000 and $500,000 accounted for 52.9 percent of the month’s sales. Homes priced over $500,000 made up 5.8 percent of the market.

The median and average prices experienced five percent year-over-year growth during the June, with the median home price rising to $222,000 and the average price increasing to $257,753. Months of inventory remained low with just 3.8 months available. The month ended with 2,512 sales still pending, a two percent increase from June 2016. Price per square foot rose four percent year-over-year to $115 and 97.9 percent of homes sold for the list price.

“This continues to be a hot market, and homes can sell quickly. For buyers interested in purchasing a home this summer, they can prepare by identifying their must-haves in a home, getting pre-approved and working closely with their REALTOR®,” said Angela Shields, SABOR’s President and CEO.

SA Home Sales Recap June 2015 June 2016 June 2017
Total Month Sales 2,897 (18% increase) 3,053 (5% increase) 3,177 (4% increase)
Average Price $242,011 (5% increase) $246,044 (2% increase) $257,753 (5% increase)
Median Price $201,100 (6% increase) $212,000 (6% increase) $222,000 (5% increase)
  Year-to-Date January-June 2015 January-June 2016 January-June 2017
Total Month Sales 13,212 (12% increase) 14,268 (7% increase) 14,845 (4% increase)
Average Price $230,951 (7% increase) $236,234 (2% increase) $248,923 (5% increase)
Median Price $192,600 (8% increase) $$200,900 (4% increase) $211,700 (5% increase)
*Percentage increases are based on a year-over-year comparison.

If you are thinking of buying or selling a home in the San Antonio metropolitan area, and want to work with a trusted San Antonio REALTOR® throughout the process, contact Trudy Edwards of KELLER WILLIAMS Realty Heritage, at (210) 595-9801, or by email at TrueSARealEstate@gmail.com.

San Antonio Area Home Prices Rise as Summer Nears

SABOR-mkt-stats-graphic-0417Increased demand for homes and low inventory in the San Antonio area gave home prices a boost in April. The average sales price of a San Antonio area home in April 2017 was $252,854 and the median sales price was $215,500, both increases of eight percent over last year’s figures, according to the Multiple Listing Service Report from the San Antonio Board of REALTORS® (SABOR) which reports on all areas contained within the MLS.

Meanwhile, total home sales took a two percent dip and months of inventory inched up to 3.6 months from March’s 3.5 months. “Though home sales experienced a small decrease, we saw 3,783 new listings come on the market last month with 8,845 listings active, the highest all year,” said Yvette Allen, SABOR’s 2017 Chairman of the Board. “This means sellers are taking the opportunity to get their homes on the market as the summer buying season gets closer and gives us a little more inventory to accommodate all the buyers looking for homes.”

In April homes spent just 59 days on the market, consistent with March’s duration and a day less than this time last year. The price per square foot increased $115 which is a seven percent over the average of April last year. The month ended with 2,538 sales still pending.

Half the homes sold in April 2017 were priced between $200,000 and $500,000 while 44 percent were priced under $200,000. Homes priced over $500,000 made up the remaining six percent of sales in April, with 18 of those homes priced over $1 million.

Bexar County reported a total of 1,825 single-family homes sold in April, a 2.5 percent year-over-year decrease. The average price of a home sold in the county was $244,055, a 7.8 percent increase from 2016 while the median was $205,000, a 6.8 percent increase.

In Texas total home sales in April decreased 0.2 percent for a total of 25,990 homes sold. The average price of a home sold in the state was $276,535 and the median was $225,000, both increases from last year.

“Prospective buyers looking to move this summer should prepare by seeking preapproval from a lender, knowing their budget and getting with a REALTOR® to discuss their housing priorities,” said Angela Shields, SABOR’s President and CEO. “They also need to be ready to make a decision quickly.”

If you are thinking of buying or selling a home in the San Antonio metropolitan area, and want to work with a trusted San Antonio REALTOR® throughout the process, contact Trudy Edwards of KELLER WILLIAMS Realty Heritage, at (210) 595-9801, or by email at TrueSARealEstate@gmail.com.

San Antonio Home Sales Recap Apr-15 Apr-16 Apr-17
Total Month Sales  2,392 (13% increase)  2,481 (4% increase) 2,427 (2% decrease)
Average Price 2,427 (2% decrease) $234,575 (4% increase) $252,854 (8% increase)
Median Price  $189,900 (7% increase) $199,400 (5% increase) $215,500 (8% increase)

Modest Increase in San Antonio Home Sales February 2017

0217-SABOR-mkt-stats-graphicSan Antonio area home sales picked up in February 2017 with 1,954 sales, a three percent increase over February 2016 according to the Multiple Listing Service Report from the San Antonio Board of REALTORS® (SABOR) which reports on all areas contained within the MLS.

Both the average and median sales prices of single-family homes remained steady with the average climbing just three percent to $234,040 and the median increasing six percent to $201,500. Meanwhile, February’s housing inventory was just 3.3 months, remaining below the four month mark now for 18 months straight.

“Though prices here have grown, the increases are steady and sustainable unlike many other large cities in the country,” said Michele Bunting Ross, SABOR’s 2017 Chairman of the Board.

In February, nearly 3,000 new homes were listed and the month ended with 2,059 sales still pending. Homes spent an average of 63 days on the market, which is an 11 percent drop from February last year. The price per square foot of a home grew four percent to $110 and 97.6 percent of homes sold for list price.

The majority of homes sold in the San Antonio area continue to be priced under $200,000 with those sales making up 49.5 percent of the month’s market. Homes priced between $200,000 and $500,000 accounted for 46.1 percent of February’s sales and homes priced over $500,000 made up 4.5 percent of the sales. Of the homes sold over $500,000, nine were priced at $1 million or above.

In Bexar County last month, a total of 1,441 single-family homes were sold for an average price of $220,377. Of the homes sold in the county, 1,262 were existing homes while 179 were new construction properties.

Meanwhile, for the whole state of Texas, total home sales remained consistent with the previous year’s figure, reporting 19,313 sales in February. However, the average price in the state increased 11.1 percent to $269,854 while the median rose 10.3 percent to $215,000.

For San Antonio area home buyers and sellers, SABOR’s President and CEO, Angela Shields offered this advice, “The key is to work with a Realtor. For sellers, they need to make sure they are pricing and marketing their home right to get it sold, and for buyers the expertise of an objective professional can help them navigate one of the largest purchases they’ll ever make. Especially in such a tight market, you’ll want someone who knows the ropes to help you through the process.”

If you are thinking of buying or selling a home in the San Antonio metropolitan area, and want to work with a trusted San Antonio REALTOR® throughout the process, contact Trudy Edwards of KELLER WILLIAMS Realty Heritage, at (210) 595-9801, or by email at TrueSARealEstate@gmail.com.

 SA Sales Recap Feb-15 Feb-16 Feb-17
Total Month Sales  1,717 (14% increase) 1,890 (10% increase)  1,954 (3% increase)
Average Price $220,202 (8% increase)  $227,812 (4% increase)  $234,040 (3% increase)
Median Price  $187,800 (9% increase) $190,800 (1% increase)  $201,500 (6% increase)
*Percentage increases are based on a year-over-year comparison.

5 Reasons Why Owning Beats Renting

Owning a home is a smart, long term investment that helps to provide wealth and security for you and your family. When you compare owning your own home to paying rent to a landlord, you can see that home ownership has many benefits.

  1. Personal Freedom – As a renter, you don’t have a lot of control over your environment. If you want to paint the walls or hang up your favorite pictures, be prepared to make sure it all is returned to the way it was before you moved in. When you own your own home, you can make improvements to your home and customize your home to your preference.
  2. Income Tax Reduction – The interest that you pay on your home loan is a tax deductible expense. The property taxes that you pay on your home are also deductible from your taxable income. These two tax deductions can lower your tax bill. Contact your tax advisor for more information about these deductions and your situation.
  3. Wealth Accumulation –When you own your own home, your monthly mortgage payments gradually pay down the balance of your home loan. As your balance goes down, you build equity in your home. Equity is the difference between your mortgage balance and the market value of your home.
  4. Borrowing Power – Once you have built up a certain amount home equity, you may be able to borrow against it. A home equity loan of credit can be used for home improvements, paying for college, a new car, or almost any other need.
  5. Stability for You & Your Family – When you’re renting you can face yearly increases in your rent. You may also find yourself moving from apartment to apartment in the search for less noisy neighbors or a landlord that responds to your repair requests more quickly. This constant moving can be upsetting to you and your family. When you own a home you can put down roots, get to know your neighbors, participate in your community and provide security and stability for your family.

If you are ready to move from being a renter to a home owner, contact a knowledgeable real estate consultant to guide you through the process.

If you are looking to buy a home in the San Antonio area,  Trudy Edwards of Keller Williams Realty Heritage has the professional resources, technology and experience to help you find and purchase your new home. Contact Trudy Edwards at (210) 595-9801 or by email at truesarealestate@gmail.com or start your home search online today at http://www.TrueSARealEstate.com

San Antonio Home Sales Finish Strong in August

8-16-sabor

After a slight decline in the volume of home sales in July, San Antonio area home sales bounced back strong in August and ended with a 13 percent increase in sales over the same time last year, according to the Multiple Listing Service Report from the San Antonio Board of REALTORS® (SABOR). Inventory remained below four months for the twelfth consecutive month, causing prices to continue their moderate increases.

The average price of a home in August rose four percent to $246,515 while median edged up seven percent to $211,800. The median has stayed over $200,000 since May.

In August, 46 percent of the homes sold in the San Antonio area were priced under $200,000 while homes priced between $200,000 and $500,000 accounted for 49 percent of the market. Homes priced over $500,000 made up five percent of the sales last month, up 0.5 percent from July.

The San Antonio area also continues to prove its affordability when compared to other markets around Texas. In Bexar County, the median price of a home sold in August was $194,000 while the median sales price in Harris County was $206,000 and the median in Dallas County was $210,000. Meanwhile, nearby in Travis County homes sold for a median price of $332,500.

“Though our prices may increase year-over-year, we still remain well below many of the other metro areas in the state,” said Angela Shields, SABOR’s President and CEO. “We also have so much diversity in our inventory with homes at all different price points. This makes it a prime area for both buyers looking for their new home and sellers wishing to put their house on the market.”

If you would like to learn more about buying or selling a home in the San Antonio real estate market it pays to work with a REALTOR® who knows and understands the area and market. If you are thinking of buying or selling a home in the San Antonio metropolitan area, and would like to work with a trusted San Antonio REALTOR® throughout the process, contact Trudy Edwards of KELLER WILLIAMS Realty Heritage, at (210) 595-9801, or by email at TrueSARealEstate@gmail.com.

aug-mkt-stats-graphic-0816

San Antonio Home Sales Recap Aug-14 Aug-15 Aug-16
Month Total # of Sales 2,427 (2% increase)  2,561 (5% increase)  2,900 (13% increase)
Average Price $222,385 (6% increase) $236,259 (7% increase) $246,515 (4% increase)
Median Price  $182,900 (5% increase) $198,300 (8% increase) $211,800 (7% increase)

San Antonio Area Home Sales Increase in First Quarter 2016

The San Antonio area housing market continues to pick up steam with 5,911 homes sold in the first quarter of 2016. This is a 10 percent year-over-year increase in the number of sales according to the Multiple Listing Service Report from the San Antonio Board of REALTORS® (SABOR) which reports on all areas contained within the MLS.mkt-stats-graphic-0316sm

The average sales price for the quarter rose three percent to $227,971 while the median sales price increased four percent to $192,900. In just the month of March, sales increased 14 percent for 2,523 homes sold.

“As we head into the spring, it is common for sales to increase. The weather is warmer and people want to beat the summer buying frenzy,” said Bob Jacobs, SABOR’s 2016 Chairman of the Board. “We ended the month with 2,439 sales still pending, more than we had at our peak last year. This increased activity sets us up for a busy spring and summer.”

Since January, home sales across the state increased as well with sales jumping 8.1 percent for a total of 60,778 homes sold with an average sales price of $246,427, a 2.7 percent increase. In Bexar County, sales rose 13.2 percent for 4,596 total sales this quarter. The average price of a home sold in the county was $217,798, a 3.9 percent year-over-year increase.

In the San Antonio and surrounding areas, just over half the homes sold since January were priced under $200,000 with this segment making up 53.56 percent of sales. Homes priced between $200,000 and $500,000 made up 42.12 percent of the homes sold and homes priced over $500,000 accounted for 4.31 percent of the sales this year.

“Our prices continue to be affordable, particularly when compared to other large cities in the state and nation,” said Angela Shields, SABOR’s President and CEO. “We are fortunate to be in an area that offers all the amenities of a big city but with housing available at a broad range of prices. There is something for everyone here.”

If you’d like help finding the home that is right for you or if you need to sell your home before making a move, it pays to work with a REALTOR who knows the San Antonio area market. Contact Trudy Edwards, of Keller Williams Realty, at (210) 595-9801 or TrueSARealEstate@gmail.com to help make your next move.

Despite Recent Increases, San Antonio’s Housing Remains Affordable

April 2015 San Antonio Housing Market Statistics

April 2015 San Antonio Housing Market Statistics

There was plenty of activity in the San Antonio real estate market as single-family home sales increased 13 percent over the number of homes sold in April 2014.

Homes priced under $200,000 accounted for the majority of sales according to figures in the April 2015 Multiple Listing Report recently released by the San Antonio Board of REALTORS® (SABOR).

The number of days homes are staying on the market is now down to just 59 days while months of inventory rose slightly to 3.8 months from 3.6 months in March.  April’s average price edged up six percent year-over-year to an average of $224,426 and the median price rose 7 percent to $189,300.

“Though our prices continue to show increases and our supply remains low, San Antonio is still an affordable market compared to what we are seeing nationally,” said Mary Ann Jeffers, SABOR’s 2015 Chairman of the Board. “During the first quarter, the national median sales price for existing single family homes was $205,200 while San Antonio’s was just $184,200.”

According to Realtor.com, the increases seen around the country in prices are correcting for severe price declines in the recent past. These higher prices are to be expected as the economy improves. Home sales have strengthened as more buyers have entered the market during the spring buying season, and sustained job growth and interest rates below four percent have also been a catalyst behind the improvement in sales.

Growing prices coupled with low supply have not deterred local buyers who continue to flood the market seeking their dream homes. In April, the month ended with 2,390 sales still pending, a 13.6 percent increase from April 2014.

“With so many sales still pending, we head into the summer buying season with a healthy start and expect to keep seeing strong sales figures,” said Angela Shields, SABOR’s President and CEO. “Higher prices should encourage more owners to put their homes on the market and builders to start more construction. Already our inventory has edged up slightly and we hope to continue to see the steady demand result in an increased supply.”

San Antonio Home Sales Recap April 2013 April 2014 April 2015
Month Total # of Sales 1989 2123 2398 
Average Price $204,222 $210,941 $224,426
Median Price $168,300 $177,000 $189,300

*Percentage increases are based on a year-over-year comparison.

If you are thinking of buying or selling a home in San Antonio and would like to find out if now is a good time for you to buy or sell, contact your San Antonio real estate resource, Trudy Edwards of Keller Williams Realty Heritage at (210) 595-9801 or truesarealestate@gmail.com.

San Antonio Housing Market Continues 2014 Trends in January 2015

San Antonio Home Sales Stats Jan. 2015

San Antonio – San Antonio’s January housing market continued the strong pace set in 2014 by kicking off with marked growth in prices and sales from previous years. According to the January 2015 Multiple Listing Service report by the San Antonio Board of REALTORS® (SABOR), a total of 1,428 homes were sold last month, a five percent increase from the same month in 2014. Meanwhile, both the average and median prices also showed significant increases, with each rising by nine percent from 2014.

According to the 2014-Q4 Texas Quarterly Housing Report recently released by the Texas Association of REALTORS®  66,664 single-family homes were sold in Texas in the fourth quarter of 2014, an 8.46 percent increase from the same quarter of 2013. Additionally the Real Estate Center at Texas A&M University that generated the report expects home sales in the first half of 2015 to continue the trend of 2014 with increases in home prices and low inventory.

“We saw year over year growth in our prices and sales figures throughout 2014, and with January getting off to a similar start, we expect 2015 to continue that trend,” said Mary Ann Jeffers, SABOR’s 2015 Chairman of the Board. “Our inventory remains low with just 3.6 months in January, and we ended the month with 1,615 sales still pending.”

In January, 59.2 percent of homes sold were priced under $200,000, nearly a seven percent decrease from January 2014. Meanwhile, homes priced between $200,000 and $500,000 made up 37.3 percent of sales, a six percent increase from 2013, and homes over $1 million accounted for 3.4 percent of sales, a half percent increase from last year.

“We have watched our mid-range and high-range markets increase over the last year, and 2015 looks to be no different so far. With our low cost of living, growing job market and continually low interest rates, homeowners are able to make their money go further,” said Angela Shields, SABOR’s President and CEO.

San Antonio Home Sales Recap January 2013 January 2014 January 2015
Total Month Sales  1,255 (24% increase)  1,363 (7% increase) 1,428 (5% increase)
Average Price $184,403 (4% increase) $194,312 (6% increase)  $212,222 (9% increase)
Median Price  $151,100 (3% increase)  $161,900 (7% increase)  $176,700 (9% increase)

*Percentage increases are based on a year-over-year comparison

If you are thinking of buying or selling a home in San Antonio and would like to learn more about the San Antonio real estate market, contact your San Antonio real estate resource, Trudy Edwards, for more information. Trudy Edwards is a real estate sales and marketing professional and an Accredited Buyer Representative with Keller Williams Realty Heritage. Contact Trudy Edwards at (210) 595-9801 or truesarealestate@gmail.com.