The Year Ahead. What 2017 might mean to you, your home and your other real estate investments.

What are the experts saying about the new year and what you can take away from it.

First of all, let’s take a look at the value of your home. Now there, I have some good news for you. Prices in most parts of Texas and America are expected to keep rising in 2017. The reason is that there aren’t enough homes for sale. But there are still plenty of buyers out there. So the laws of supply and demand are in your favor if you own a home or plan on selling one. Now, it won’t be a huge increase. The National Association of REALTORS believes that by this time next year the median price of a home in the United States will go from its current point of $232,200 to $241,250. That’s an increase of 3.9%. Now it’s not a spike, but after all, up is up. That’s good news for owners who have even greater equity in their homes and investments. Also for sellers, who will see those profits at the closing table.

Now, that low inventory and rising prices are expected to create challenges for home buyers. Especially first time buyers. But, those buyers do have factors in their favor. For one thing, most mortgage lenders are allowing lower credit scores and lower down payments. Up to now, home buyers have enjoyed record low interest rates. Well that’s about to change. Interest rates have started to rise. Not by that much, but they are on the way up. They’ve gone up about half a point since the summer. By the end of 2017 they’re expected to be a half point higher than that. The days of record lows may be behind us, but even so, the rates will continue to be incredibly low and not a barrier to home ownership.

Experts believe there could be some really good news for buyers coming down the line in 2017. And that is more homes are expected to come on the market. That means more choices, less competition, and all that added inventory should help curb those rising prices. You see, the nations home builders are predicting that in 2017 they’ll finally be on tract to build more than a million new homes. That’s up there from after the slump they had after the downturn. Not up there all the way since the home builders ordinary would put up a million and a half homes. But again, up is up and new home construction is headed in the right direction.

So buyers who hang in there might do okay. Especially if they end up getting a home of their own. That would make 2017 a great year. And even better if they are moving from renting to buying because rents are expected to continue to rise throughout 2017.

So, what’s the bottom line? Well in prices, interest rates, mortgage rates, mortgage availability, and inventory we’re seeing positive changes on the horizon. Not massive, epic changes, but slow, steady movement back to be what could be considered a normal market. A balanced market in which buyers and sellers are on more equal footing without either being at a big disadvantage. You could call that a healthy real estate market. And that’s a pretty great outlook as we approach 2017, the year ahead.

5 Things to do on the Riverwalk

Hello again,

Today I want to share some great information with everyone and some of the things to do in San Antonio & the Riverwalk.

San Antonio is one of the top tourist destinations in the country because of our rapid growth and our diverse culture. There are many exciting things to do while visiting the Riverwalk downtown from Entertainment to Fine Dining. The riverwalk offer a unique and fun prospective for all age groups.

Here is a list of top 5 things to do at the Riverwalk,

1.) Eat, Drink & Be Merry
Over fifty restaurants, bistros, cafes, clubs, bars — most with quaint outdoor patios — line the River Walk as it meanders its way through downtown San Antonio. There is everything from stellar Tex Mex to haute cuisine and locally-owned spots as well as popular international names like the Hard Rock Cafe. Find the right spot to eat.


2.) Land & Art Scapes
Few visitors venture beyond the downtown River Walk but it’s well worth it. Explore the Museum Reach, north of downtown, and watch for the  twelve art installations on the river banks. Stop along the way at  the San Antonio Museum of Art and the Southwest School of Art, then the boat ride ends at the 125-year-old Pearl Brewery complex, now home to restaurants, an outdoor amphitheater, a Saturday farmers market, eclectic shops and the Culinary Institute of America — San Antonio. If you go south from downtown, the south fork of the river meanders through the stately King William Historic District  all the way to the Blue Star arts complex, an eclectic enclave of creative souls, unusual shops and galleries, public art scattered about, and a brew pub.


3.) Sunset Cruise
Lots of folks take a tour of the River Walk aboard a river cruiser, but few know that you can take asunset taxi ride from downtown, along the Museum Reach, to the Pearl Brewery. Only in the dark will you be able to appreciate the full impact of  the art installations that line the banks, all of which use light in creative ways. They were created by some of the most interesting names in the art world. Museums, schools, residences and commercial buildings often are lit in startling and unusual ways.


4.) Secret Places To Shop
Don’t leave without a pink cowboy hat of course — pick one up at any of the River Walk curio shops. Less obvious but also right on the River Walk:  La Villita Historic Arts Village;  The Pearl BrewerySan Antonio Museum of Art Store and Southwest School of Art Gallery Shop. For major mall goers, the Rivercenter Mall— with over 60 stores — hugs the banks of the River Walk lagoon.


5.) Run, Walk, Hike, Bring Your Dog
The River Walk is a long linear park, beautifully landscaped, with great sidewalks. The less congested places are perfect for serious exercising or romantic strolls. The River Walk is eight miles long. In a few years, it will be a 15-mile masterpiece that weaves the city’s past and future together, starting north of the city at Brackenridge Park (San Antonio’s Central Park) and traveling south all the way to the four Spanish colonial missions south of downtown.

ImageScott Myers

Broker/Owner of Century 21 Scott Myers

(210) 479-1222 or Toll-Free (888) 868-1222

email: Scott.Myers@Century21.com

Some Information Resources for San Antonio

I have put together a few Web links for information on San Antonio and the surrounding area that new residents (or those considering a move here) should find useful. I have also added these to the “About Century 21 Scott Myers” page where you can always find them. I will periodically verify and add to this list of links, so check back frequently to see what’s new. I hope you find these helpful:

General information on a variety of topics from the Greater San Antonio Chamber of Commerce: SA Chamber

Directory of San Antonio-area school districts, colleges and universities: San Antonio Area Schools

Official City of San Antonio Web site: City of San Antonio

Information Resource for military families: San Antonio BRAC

Jobs section of the on-line San Antonio Express-News: SA Jobs

I hope you find the above helpful, and check back frequently for new additions. And for your one-stop resource for all of your San Antonio-area real estate needs, visit our Web site at Century21ScottMyers.com.