San Antonio Employers and Real Estate Prices

In the last couple of weeks, several San Antonio employers have received national recognition for being a top 100 place to work in Fortune’s annual employer rankings. Among those are Rackspace, #32, and Valero, #67. Rackspace, who reported in their last quarter that their sales were up 67%, has created a hotspot hiring location for hi-tech Cisco engineers. Combine this with Boeing announcing today that they will up local production of 787 airliners from 11 to 20, which required Boeing adding 500 jobs to San Antonio for just the 11 it announced in summer 2007, and the continuing overall job growth in San Antonio, and San Antonio Housing prices should be one of the benefactors.

As San Antonio was one of only 10 major metro areas that had positive home appreciation in 2007, this recent news about San Antonio employers and San Antonio’s job growth, should give us reassurance about the local market. In the simplest terms, positive job growth coupled with low interest rates means continuing demand for homes. Therefore if you decide to buy a home today in San Antonio it appears to continue to be a safe investment, because positive home appreciation, interest rates at 2 1/2 year lows and continued demand, and you will have a home in which you can build equity.

So I say to Rackspace…thanks for being a great employer…