Last week, Fox Business released an article titled, “Texas Tops Best Places to Work and Live.” The article was based on website CareerCast’s report on the 10 Best Cities for Return on Salary, which “cross-referenced the salaries of the 200 careers tracked by our Jobs Rated report, broken down by metropolitan area via the U.S. Bureau of Labor Statistics,” they said. “We then measured average cost of living in cities that paid comparatively well in a broad range of sectors, using Payscale.com’s Cost of Living Calculator, with data via the Council for Community and Economic Research.” Not surprisingly, Texas led the list, with four cities right there at the top.
The latest example of SouthStar Communities’ commitment to civic responsibility will be a boon to those who live at Vintage Oaks, New Braunfels’ leading masterplanned community. As owner and developer of the community, SouthStar has interpreted the area’s need for improved access to local emergency service by donating land for a new full-service fire and Emergency Medical Services (EMS) station.
In a recent article about community amenities, NewHomeSource said, “Long before families move in or before any houses are built, developers create a master plan for their communities. Master planned development requires a team-oriented approach to building, with many disciplines working together to ensure a quality community that looks and feels just like home. In order to appeal to buyers, planners must be creative and forward-thinking when developing their communities.”
Texas Independence Day is Wednesday, March 2, and there are celebrations going on all over the state. It got us thinking about how we feel about Texas and how fortunate we are to do business here. Living in Texas is a privilege for so many of us at SouthStar Communities, and for landbuyers and homebuyers all over the state, just as it was in 1836.
For the third consecutive year, New Braunfels masterplan Vintage Oaks is the fastest-growing community in the San Antonio metro area. The recognition comes from national housing research firm , who noted Vintage Oaks’ 95 new home starts over $300,000 in 2015. Out of 1,500 communities in the San Antonio area, only eight outpaced Vintage Oaks for the year regardless of price point.
“When you look at overall sales for the year in the San Antonio MSA, it’s remarkable to see that only a handful of communities sold more real estate than Vintage Oaks in 2015, and they were all in lower-price categories. When it comes to luxury living in the Hill Country, Vintage Oaks is the perennial leader, and that is extremely gratifying,” said Thad Rutherford, Chief Operating Officer of SouthStar Communities, developer of Vintage Oaks. “We are eager to repeat the success we have enjoyed over the past several years, but, more that anything, we look forward to welcoming hundreds of new landowners and residents to Vintage Oaks in the coming year.”
Nothing is slowing down the Texas housing market anytime soon, as home prices and the sale of single-family houses continue to rise with no end in sight. This housing juggernaut continues to create the perfect environment for residential builders and other general contractors, although some slight pressures in the labor market and a lack of lots for sale are weighing on the industry.
According to the 2015-Q3 Texas Quarterly Housing Report, and the Texas Association of Realtors, the state saw home sales rise 7.8 percent year over year, while the median home price rose 7.7 percent year over year.
After putting in decades of working late hours and weekends all while living in a starter home, many people are beginning to retire. This means these hard-working individuals are ready to put this previous life behind and buy land to build the house of their dreams. If you're a retiree planning to construct the home you've always wanted, there are many floor plans that ideal for just this kind of lifestyle.
Fewer existing home sales in November caused a bit of an upset in market speculations. According to the National Association of Realtors, existing home sales fell 10.5 percent in November. There were only 4.76 million homes sold in November 2015, compared to 5.32 million existing homes sold during October 2015. As a result, national sales are 3.8 percent lower than they were 12 months ago.
While the summer months were a great time for the housing market, the conditions continue to be aligned for homebuyers looking to purchase a house. From tax credits to interest-rate risks, and from available inventory to prices, individuals and families should act now to take advantage of the superb environment for buying a home. Many consumers are already aware of how good the conditions are for home buying. According to realtor.com, the percentage of would-be buyers intent on purchasing a home in the next seven to 12 months is the highest it has been all year.