The outlook for San Antonio real estate is very optimistic going into 2012. At the San Antonio Board of Realtors (SABOR) Housing Forecast event, most attendees had high spirits in anticipation of a good year to come. San Antonio Mayor Castro was one of the presenters for the event.

Because 2011 was so close to the preceding year in sales volume, the mayor could only be optimistic that 2012 would be better. His belief is that San Antonio real estate will remain strong because of new industry and jobs coming into the area. Although he was not specific, he expressed an opinion that San Antonio would lead the state in new job creations.

While some forecasters have expressed concern that 2011 ended on a slow note, most San Antonio real estate agents know that is not indicative of what to expect in 2012. The holidays are not the best time for sales in any year.

Changes in Job Growth and San Antonio Real Estate

Since job growth in Texas began again around the middle of 2010, it hasn't been moving as fast as most would like, but it has increased which has a direct effect on San Antonio real estate. The backlog of houses due to the stagnant economy took time to level back out, and now the indications show that the market is more stable and balanced.

Job growth in San Antonio peaked around mid summer of 2011 at a rate of 2%. It then dropped to 1% before it began to climb again. This is indicative of the state of Texas, which is maintaining at just over 2% annually. As has been seen in the past, small growth is good, especially when jobs were decreasing at a rate of almost 3% less than three years ago.

San Antonio Real Estate Prediction

The consensus is that the economy and the San Antonio real estate market are not back to where they should be yet, but they are heading in that direction. In the fastest growing states, Texas leads the United States. California has a larger population, but it is only growing at about half the rate of Texas. Obviously, growth, jobs, and real estate sales are all related.

Mayor Castro may have good reason to smile when considering where San Antonio real estate will go in 2012. Even though the nation as a whole might not see a rise in jobs and productivity, Texas is one place where the forecast looks good.