SA Projected Home Price Increase in the next 5 years (San Antonio: real estate, university)

[Paka]

Interesting article, and if correct, SA is due to see an almost 40% increase in the price of housing in the next 5 years.

Top 100 markets forecast: Where home prices are headed next - May. 7, 2008

[montevista1]

i think its a bit on the high side, probably more like 25-30.

[Paka]

Time will tell...but I do think that we will see much bigger increases than we have ever seen here in the past, and that there will come a time in the next 10 yrs when we see SA as the HOTTEST housing market in the US...ready or not.

Don't get me wrong, I am not looking forward to it...but I do think that it is in the forecast for us, like it or not.

[Mister]

I think you're reading it wrong. They predict a 0.8% increase over the next year. The 40-ish figure is today's value compared to 5 years ago. That would explain the huge increases for California over 5 years while also explaining their large losses over the next 12 months.

[Paka]

Originally Posted by Mister

I think you're reading it wrong. They predict a 0.8% increase over the next year. The 40-ish figure is today's value compared to 5 years ago. That would explain the huge increases for California over 5 years while also explaining their large losses over the next 12 months.

By George (or Mister) you might just be right!!!

Well, here is an interesting article that still feels the way I do about the future of housing here in Texas, and I feel, SA in particular:

Texas Homeowners Hold Winning Hand, Says Real Estate Center | San Antonio Housing Blog

Texas Homeowners Hold Winning Hand, Says Real Estate Center
by Barbara Blackburn

COLLEGE STATION, Texas–(BUSINESS WIRE)–Affordable housing is the state’s ace in the hole in the predicted future high-stakes real estate version of Texas hold ‘em. In fact, the state’s leading expert on residential real estate is betting housing affordability will be the “most significant growth stimulant” for Texas over the next 25 years.

“Texas is the most housing-affordable, high-growth state in the nation,” says Dr. Jim Gaines, research economist for the Real Estate Center at Texas A&M University. “So far, skyrocketing home prices common to fast-growing states like California and Florida have not occurred in Texas.”

Moderator cut: sourcing link provided and edited down for copyright purposes

[hello13685]

Researched by a real estate center hack, bought and paid for by a justifiably deperate NAR. Know your source!

[ryneone]

Originally Posted by hello13685

Written by a real estate center hack, bought and paid for by a justifiably deperate NAR. Know your source!

Cute but if you cant find evidence to refute then your word is blah at best!

[texdav]

Its like all the top ten cities list ;everyday there is a new one and they are all different.You need to know what they are basing their OPINON on.Some magazines do it to sell advertising section to that city.It's called paid promotion.

[TexasWeatherman]

Originally Posted by ryneone

Cute but if you cant find evidence to refute then your word is blah at best!

We're just correcting the original poster's facts. The original poster quite erroneously said that "SA is due to see an almost 40% increase in the price of housing in the next 5 years." If you actually read the article, it says the market in SA *has* increased 39.6% over the *last* 5 years. It's not a forecast.

To compound the original factually inaccurate post, the real estate cheerleaders/prophets/speculators started making grandiose statements about where the SA market will be 10 years from now.

If you're interested in evidence, I would flame the cheerleaders/prophets/speculators before the guy pointing out a potential conflict of interest.

[ryneone]

Originally Posted by TexasWeatherman

We're just correcting the original poster's facts. The original poster quite erroneously said that "SA is due to see an almost 40% increase in the price of housing in the next 5 years." If you actually read the article, it says the market in SA *has* increased 39.6% over the *last* 5 years. It's not a forecast.

To compound the original factually inaccurate post, the real estate cheerleaders/prophets/speculators started making grandiose statements about where the SA market will be 10 years from now.

If you're interested in evidence, I would flame the cheerleaders/prophets/speculators before the guy pointing out a potential conflict of interest.

The orignial OP said she made a mistake.

The doom and gloom poster I pointed out said nothing factual and still as not back up her claim.