2022 REAL ESTATE EDITION
Buyer’s Choice SALES EVENT
STEADY WAGES The U.S. Bureau of Labor Statistics reports that in 2022, the average annual income for the San Antonio-New Braunfels Metropolitan is $51,740.
TOP OCCUPATIONS 1 OFFICE AND ADMINISTRATIVE SUPPORT: 144,920 jobs 2 SALES: 99,280 jobs 3 FOOD PREPARATION: 93,640 jobs 4 TRANSPORTATION: 83,630 jobs 5 BUSINESS AND FINANCIAL OPERATIONS: 64,690 jobs
Choose from 3 financing options when you purchase a new Coventry Home June 24 - July 31: *
Extended Interest Rate Lock
$0 Closing Costs
Interest Rate Buydown
Median hourly wage
Annual income
1 2 3 4 5
1 2 3 4 5
$17.98
$40,510
$14.20
$40,520
Bindseil Farms | Foxbrook
$11.11
$26,050
New Homes from the $390s - $560s
CoventryHomes.com
$17.17
$37,450
The “Buyer’s Choice Sales Event” only applies for the purchase of a home from Coventry Homes in the San Antonio metropolitan area with an original purchase date of June 24, 2022 through July 31, 2022. Seller will contribute up to 3.75% of the contract sales price on the first approved Contract by Seller’s Management toward Buyer’s closing costs subject to maximum allowable Seller Contributions allowed by Lender. Available only to qualified purchasers financing through Seller’s Affiliated Mortgage Company (CMC Home Lending or FC Lending LTD) and closing through Seller’s Affiliated Title Company (Prosperity Title Company of San Antonio). This is not a commitment to Lend. Purchaser can choose up to one of the three available promotions; Interest Rate Buydown; $0 Closing Costs; or Extended Interest Rate Lock. Purchaser to make their decision at the time of loan application with Loan Officer. Seller reserves the right to change or withdraw this offer at any time. This promotion may not be available in conjunction with any other promotions, price discounts, or purchase incentives. Additional terms and conditions apply. See your community Sales Counselor for more details.
$35.05
$75,790
SOURCE: U.S. BUREAU OF LABOR STATISTICS COMMUNITY IMPACT NEWSPAPER
growth has not kept pace with growth in home prices.” The market’s future Gonzalez said the SABOR antici- pates the market will be more balanced toward the end of this year and the start of 2023. “It is absolutely a seller’s market, and we expect it to level itself out and re ect the needs of both buyers and sellers together, and it is going to become very stable,” he said. “Nationally, home sales are expected to be down 9%, and San Antonio is down 2%.” With strong population growth and demand in Texas and San Antonio, it is unlikely that home prices will expe- rience any nominal decline, Losey said. “We will probably see it decrease a little bit from its double digit highs, but over the long run, it should revert to its average,” she said. There are bene ts to buying in this market, and it could be bene cial in locking in interest rates before they increase more, Losey said. “We know that mortgage interest rates are only going to continue to rise, because the federal reserve is going to continue to increase the federal funds rate, and that is going to push up the cost of borrowing across the board,” she said. On the other hand, Losey said, wait- ing could prove bene cial as sellers
may have to mark down home prices due to the increase of rates. Whatever homebuyers decide, Losey recommends paying cash, if possible, or paying a higher down payment to reduce the loan repay- ment and working with real estate experts to nd a home. “It is really important that home- buyers take all these factors into con- sideration,” she said. “But it is really important for Texas cities to supply new homes, and given a ordability constraints, costs of construction and cost of land, it is going to be import- ant for us to consider di erent types of housing.”
OLPHCSSelma olph_catholic_school_selma
K3 – 8th Grade Academic Excellence Educating the Whole Child: Spiritually, Intellectually, Socially, Emotionally, Morally and Physically
For more information, visit communityimpact.com .
16075 N. Evans Rd., Selma, TX 78154 210.651.6811 | 210.651.5511 (Fax) www.olphselma.org Fr. Jeff Pehl Mrs. Amanda Miller, Principal Mrs. Stephanie Dunne, CDC Director
RESOURCES OPERATION HOMEFRONT Assistance for military families 210-659-7756 www.operationhomefront.org TEXAS DEPARTMENT OF HOUSING AND COMMUNITY AFFAIRS State resources for homeowners and renter s Homebuyer assistance: 800-792-1119 Rental assistance: 800-525-0657 www.tdhca.state.tx.us U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT National home and rental assistance 210-475-6800. www.hud.gov
N. EVANS RD.
1604
35
N
• 10 Room Multi-
• Sports & Music Programs • Academic Interventionist • Advanced Math & Science Programs
• Daily Religious Instruction • Strong Family Community • Weekly Student-led Liturgies • 1:14 Teacher/Student Ratio
Purpose Educational Building with New Science Lab
• Technology
Networked Campus
Our Lady of Perpetual Help Catholic School builds character and shapes tomorrow’s leaders by delivering academic excellence in a Catholic faith-based community.
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NORTHEAST SAN ANTONIO METROCOM EDITION • JULY 2022
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