Thanksgiving

History.com

Thanksgiving Day is a national holiday in the United States, and Thanksgiving 2022 occurs on Thursday, November 24. In 1621, the Plymouth colonists and the Wampanoag shared an autumn harvest feast that is acknowledged today as one of the first Thanksgiving celebrations in the colonies. For more than two centuries, days of thanksgiving were celebrated by individual colonies and states. It wasn’t until 1863, in the midst of the Civil War, that President Abraham Lincoln proclaimed a national Thanksgiving Day to be held each November... READ MORE HERE

RE/MAX: U.S. HOUSING MARKET MAKING STEADY PROGRESS TOWARD BALANCE

Months’ Supply of Inventory climbed to two months for the first time in nearly two years.

According to the latest RE/MAX National Housing Report, signs are pointing to a more balanced housing market among U.S. homebuyers and sellers. The shift, seen in metros measured in the report, is largely driven by inventory gains, a drop in home prices and an increase in days on market on average. With inventory growing, some of the homebuying obstacles created years ago by the Great Recession – and more recently by the lag in new construction – are starting to be addressed.

Reflecting on the long sellers’ market much of the U.S. has been experiencing, RE/MAX President and CEO Nick Bailey believes the U.S. has had a Days on Market problem as much as a supply and demand problem in recent years.

The average Days on Market for homes sold in September 2022 was just over one month at 34 days, up five days from the average in August 2022, and up six days from the average in September 2021. Other headwinds like affordability have contributed to the imbalance in favor of sellers, but the pressure consumers surely feel to make purchasing decisions so quickly – on what’s likely one of the biggest financial transactions of their lives – has played a role in market volatility.

Case in point: those who fought tooth and nail to purchase a home with wood paneling and shag carpet to achieve the American dream of homeownership may benefit from watching Bailey’s recent Keepin’ It Real segment on home remodeling and increasing return on investment.

With September home sales declining 9.7% from August across the report’s 53 metro areas, the typical seasonal slowdown has led to inventory growing 3.9% over August.

Now with both supply and the number of days between when a home is first listed in an MLS and a sales contract is signed inching up, chins are starting to lift too.

Supply Continues to Improve

Although still falling short of demand, the number of homes for sale has grown in five of the past six months. September’s two months’ supply of inventory jumped from 1.6 months in August and 1.3 months a year ago. The National Association of REALTORS® last reported months’ supply of inventory above two in November of 2020, when it was 2.3. In September 2022, the markets with the lowest months’ supply of inventory were Albuquerque, NM at 0.9, followed by a five-way tie between Charlotte, NC, Dover, DE, Hartford, CT, Manchester, NH, and Trenton, NJ at 1.0.

Ready to make a move? Contact a local RE/MAX agent today.

Written by: SAMANTHA ROTBART

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24515 Bliss Canyon

For sale

MLS  1647969

$520,000

Bedrooms 4

Bathrooms 3 1/2

GORGEOUS two-story, 4 bedrooms, 3 1/2 Bathrooms, a HUGE Gameroom, an Office with french doors & Impressive iron rails over the wooden staircase. The highly desired neighborhood at the Ridge at Canyon Springs makes this home an EASY choice! This HOME will welcome you with grand-style ceramic floors, and high ceiling entrance to an open design! BEAUTIFUL living room with a fireplace, A gourmet kitchen w/granite countertops, breakfast bar, and island. The master bedroom downstairs includes a walking closet, Jacuzzi, separate shower, and vanity. The upstairs guest suite features a walk-in closet and a full bath. The surround sound system is a great feature for both the downstairs living room and the upstairs Gameroom. This SPACIOUS floor plan is perfect for entertaining. Sit and relax in the backyard on the covered terrace with a private wood fence, or grill and entertain family & friends! You got to see it!!!

203 County Road 6871 E

For sale

MLS 1637487

$500,000

Bedrooms 3

Bathrooms 2

ENJOY COUNTRY LIVING AT ITS FINEST! THIS AIRY, SPACIOUS 1.5 ACRE LOT IS SURE TO PLEASE ALL YOUR FAMILY GATHERINGS AND SERENE, STARRY TRANQUIL NIGHTS. COUNTRY VIEWS AND PRIVACY AT ITS FINEST IN THIS LOVELY CUSTOM BUILT HOME. FEATURING AN OPEN CONCEPT AND BEAUTIFUL HIGH CEILINGS, ADORNED WITH DETAIL ALONG WITH A CUSTOM KITCHEN AND SO MUCH MORE! THIS PRECIOUS COUNTRY GEM WONT LAST LONG!

1431 Tivolli Hill

For Sale

MLS 1647796

$945,000

Bedrooms 3

Bathrooms 3 1/2

NEW LUXURY MODERN CONTEMPORARY STYLE - GREAT LOCATION - INCREDIBLE PRICE - EXCELENT VIEW!!!!!!, 3773 SF LIVING SPACE ON OVER 0.62 ACRES. Ready to move in. 3 bedrooms, 3.5 baths, open floor plan. Beautiful backyard to enjoy the quiet evenings and weekends with family and friends. Completed ready to move inn, mature trees on the lot. Close to Blanco Rd., HWY 281 and 1604, restaurants, convenience stores, gyms, schools etc.

6926 Benward Ln

For Sale

MLS 1645142

$320,000

Bedrooms 4

Bathrooms 2 1/2

Come and see this spacious, all brick, 2 story home with 2 car garage. The covered front porch invites you inside where you will find all 4 bedrooms, alongside 2 full bathrooms, situated upstairs. Downstairs is prime for entertaining featuring its open kitchen and large island. A cozy half bathroom, walk in pantry with washer/dryer connections, completes the inside. But don't forget to step outside and admire the large backyard which hosts mature trees that shade the screened gazebo.

Events in November!

Basilica Bazaar

November 12th @ 9:00 am - 3:00 pm

Shop with us at November’s Basilica Bazaar and find great and unique buys from local vendors!

Fight hunger with every step at the San Antonio Food Bank’s Turkey Trot 5K Run/Walk!

November 24th 8:30am- 11:30am

Turkey Trot is the San Antonio Food Bank’s annual 5K Run/Walk that raises funds to help feed families during the holidays. It will start and end in front of the Commander’s House at H-E-B’s Arsenal campus(622 S. Flores St., San Antonio, Texas 78204), with the route going through downtown and the Historic King William Neighborhood.

© 2022 RE/MAX Realty Advantage

17319 San Pedro, Ste. 206 San Antonio, TX 

(210) 355-7030 michelleplazek@gmail.com

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