San Antonio, Texas, known as The Alamo city, has seen prices rise in recent months.
This comes to us from Broker David Bowman, who also reports that the recent entry of investors into the market offers further proof of San Antonio's coming of age. These investors are betting millions that prices will not remain among the lowest in the country.
High rent to value ratios, moderate vacancy rates, low price structure and stable market conditions add up to low risk. This is a very attractive scenario when other markets are concerned with declining values.
Additionally the Texas legislature has passed a measure which reduced the property tax rate further, lowering home ownership costs. These changes have made a significant impact on sales activity, which increased from 2003-2006.
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