In today’s cooling real estate market, I guess "hot" is a relative term. According to Thursday’s San Antonio Business Journal, San Antonio is "Hot":
San Antonio has been named one of America’s top cities for residential real estate investing for the first quarter of 2008.
That’s at least according to a report by Dallas-based HomeVestors of America Inc., the company better known for its "We Buy Ugly Houses" billboards.
San Antonio ranked seventh on the HomeVestors’ list.
The top market for real estate investing is Dallas, followed by Houston, Atlanta, Fort Worth, St. Louis and Philadelphia.
Denver, Minneapolis and Phoenix round out the top 10.
We keep hearing time and again that Texas markets have been relatively immune to the current downturn in real estate, having not experienced the bubble of other areas. In response to that, I’d like to offer a couple of graphs:
Median appreciation:
