May
13
San Antonio #2 Recession Proof City in the Country
Posted by Becky Flores under For Buyers, For Sellers, For Realty Professionals, Regional News, San Antonio
Wow! Now that we’ve all had to say the “R” word, #2 isn’t a bad place to be. Just out today according to Forbes.com, San Antonio is the second best place in the country that is recession proof. Here’s what they say:
2. San Antonio, Texas
Median home price: +7.9%
Unemployment: 4% (from 4.3%)
Key growth: Construction, +6.3%; leisure and hospitality, +4.9%
San Antonio boasts solid employment numbers as well as rising home prices. Its industries are growing, and it can’t hurt that the new AT&T was formed when San Antonio-based SBC Communications swallowed the former AT&T Corp. and BellSouth. The home of the Alamo has leisure and hospitality growth in part from its appeal as a tourist destination.
Here’s the full article: http://www.forbes.com/2008/04/29/cities-recession-places-forbeslife-cx_jz_0429realestate.html
Contact me and let me put you in a great home in our Recession Proof, Great Place to Live City!
COMMENTS (0)
No comments for this posting.