Close to 1000 realtors from all across San Antonio met on Thursday to hear this year’s housing forecast. According to the Texas Association of Realtors, the state ranked second in the nation for relocation activity in 2015.
According to the U.S. Census Bureau, Texas grew more than any state last year, adding nearly 400,000 new people, and that kept realtors busy.
"It's already going to be an amazing year,” Ultima realtor Joseph Borrego said. “For this month alone I'm going to have a record-breaking month. And as far as following it in February with another record breaking month, you know, I can't predict the future, but it's looking really good."
San Antonio is on the rise in the real estate world and there are many factors that contribute to our growing popularity.
"People like to come to San Antonio because they have a good location for their houses, a good education base, a low cost of income, low cost of housing, and so we have a lot of options as far as the real estate options out there," said Marty Hutchison, the chairman elect of the San Antonio Board of Realtors.
The new crowd? Millennials. Boreggo says that almost all of his clients are young first-time home buyers.
"Now we got millennials that are now purchasing, and it's different from what it was back then. This is their first time buying, they're looking for something less than $225,000. They all have about one to two kids and looking for good school systems, that way their kids get a good education." Boreggo said.
According to the U.S. Census Bureau, Houston, Austin, and San Antonio are ranked in the top five out of the 10 highest-ranked cities nationwide for rapid population growth.
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