{"id":23505,"date":"2025-10-27T21:21:09","date_gmt":"2025-10-27T21:21:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-tx\/23505\/"},"modified":"2025-10-27T21:21:09","modified_gmt":"2025-10-27T21:21:09","slug":"its-a-great-time-to-buy-a-home-in-san-antonio-if-youve-got-the-cash-data-says","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-tx\/23505\/","title":{"rendered":"It’s a great time to buy a home in San Antonio if you’ve got the cash, data says"},"content":{"rendered":"

\"\"Redfin said economic uncertainty a high mortgage rates have left many home buyers on the sidelines. Credit: Wikimedia Commons \/ Ian Muttoo<\/p>\n

It\u2019s a bad time to be listing your house on the market, but a great time to be a buyer in San Antonio, if you have the cash, according to a report released last week<\/a> by online real estate marketplace Redfin.\u00a0<\/p>\n

According to the report, San Antonio is the sixth best market for prospective home buyers in the nation, with sellers outnumbering buyers by 109%. In other words, there are so many homes for sale that buyers have a lot of power.\u00a0<\/p>\n

San Antonio isn\u2019t an outlier, though. Nationally, there were 36.7% more home sellers than buyers, meaning many in the market for a new home had significant leverage in negotiations.\u00a0<\/p>\n

In no market was this more true than Austin, which has the highest seller-to-buyer ratio in the nation, according to Redfin.\u00a0<\/p>\n

\u201cRents have gone down so much in Austin that a lot of people are opting to rent instead of buy,\u201d Redfin Premier real estate agent Andrew Vallejo said in a statement. \u201cIf a home is listed for sale at $500,000, with today\u2019s mortgage rates and a 5% down payment, your monthly payment would be around $4,000, but you could rent that same property for $2,500 a month.\u00a0<\/p>\n

According to Redfin, the slowdown in home buying nationwide is due to high home prices, high mortgage rates, and economic uncertainty.\u00a0<\/p>\n

Fort Lauderdale had the second-highest seller-to-buyer ratio, followed by West Palm Beach at No. 3, Miami at No. 4, and Nashville rounding out the top 5.<\/p>\n

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\n\t\t\t\t\t\t\t\t\t\t\t\t\"San\t\t\t\t\t\t\t\t\t\t\t\t<\/a><\/p>\n

\n\t\t\t\t\tHome sales dropped nearly 20% since last year, with prices declining around 8% from their peak in May.\t\t\t\t<\/p>\n

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\n\t\t\t\t\t\t\t\t\t\t\t\t\"Almost\t\t\t\t\t\t\t\t\t\t\t\t<\/a><\/p>\n

\n\t\t\t\t\tIn total, four Texas cities landed in Redfin\u2019s top 20 markets with the highest percentage of price cuts.\t\t\t\t<\/p>\n

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\n\t\t\t\t\t\t\t\t\t\t\t\t\"Study:\t\t\t\t\t\t\t\t\t\t\t\t<\/a><\/p>\n

\n\t\t\t\t\t4.3% of San Antonio metro residents are more than 30 days late on their mortgage. \t\t\t\t<\/p>\n

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