2023 Housing Collapse in San Antonio, Texas

San Antonio is a hot market to watch in 2023! Experts are predicting that mortgage rates will be at an all-time low and home values are expected to rise, making it an ideal time for buyers. Plus, the Downtown Tower of Life building is a great opportunity for homeowners looking to invest in mixed use office and apartments. And don't overlook the new 14 affordable housing projects also coming to San Antonio, which could make buying even more accessible.

It's important to note that there may be some risks involved in buying a house during this time, as foreclosures have seen a 167% increase in 2022 and inventory sitting 50% longer on the market. Ultimately, buying or selling a home this year is a personal decision. Doing the necessary research to find the best option for you is key!

Whether you're an experienced buyer or a first-timer, San Antonio is the place to be in 2023. With low mortgage rates, increasing home values and new housing projects on the way, this year is looking to be a great one for starting your home search. Be sure to check out our Youtube channel for more details and give us a call, we would love to help.