Bid wars may continue, but real estate market cooldown on horizon
Home values soared and thousands uprooted, but realtors say the housing market madness isn’t here to stay.
SAN ANTONIO — Thousands of Americans bought homes during the pandemic. Some upgraded from a rental space or apartment for the first time.
As employers offered remote work options, some people moved states away from the office. Preliminary census data shows the Texas population in particularly benefitted.
Low interest rates offered buyers a chance to accrue equity at a faster rate, effectively saving them money long-term.
But the San Antonio Board of Realtors says Bexar County home prices shot up more than 20% from May 2020 to…