San Antonio Economic Market Conditions

Courtesy of the San Antonio Express News, there was an article posted today discussing the economic conditions of our great city. The news is not all bad. We are slowing a little economically, but we did have 2% job growth quarter over quarter for Q4 of 2007. We are 35% down on new housing starts and still enjoy one of the lowest unemployment rates not only in the country but also the state. If you couple that with the fact that interest rates are extremely low right now, this correction can be a good thing. As excess inventory clears you should see a rise in demand for new and residential housing again.