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Despite concerns about housing prices and availability in the state, a new study deemed six major Texas metropolitan areas some of the best housing markets in the nation for their growth and stability. And San Antonio took the No. 9 spot.

In SmartAsset’s 2023 report, San Antonio-New Braunfels earned its ninth best housing market ranking due to its massive 204 percent home price increase since 1998. San Antonio ranked No. 11 in the same report last year.

The report looked at home value data from 400 nationwide metro areas between 1998 and 2022. Overall, home prices have grown an average of 154 percent since 1998.

Considering the way the city's population has grown in the past two decades, the housing market’s skyrocketing growth was inevitable. In addition to large employers like Valero and USAA bringing people to the city, the report also cites the popularity of many local attractions (such as SeaWorld San Antonio and Six Flags Fiesta Texas) for the housing boom.

Five other Texas metro areas earned spots in the top 10 best housing markets, making it pretty clear why the Lone Star State has the sixth highest property tax rate in the U.S. San Antonio's Hill Country neighbors in Austin-Round Rock earned the No. 1 spot with an eye-popping 354 percent growth rate, which is vastly greater than any other area in the country.

Two West Texas markets, Midland and Odessa, ranked No. 2 and No. 7, respectively, with similar growth rates of 256 percent and 226 percent. Houston-The Woodlands-Sugar Land rounded out the top 10 with a 204 percent growth rate.

The top 10 best housing markets for growth and stability are:

  • No. 1 – Austin-Round Rock
  • No. 2 – Midland, Texas
  • No. 3 – Boulder, Colorado
  • No. 4 – Fort Collins, Colorado
  • No. 5 – Kennewick-Richland, Washington
  • No. 6 – Rapid City, South Dakota
  • No. 7 – Odessa, Texas
  • No. 8 – Dallas-Plano-Irving
  • No. 9 – San Antonio-New Braunfels
  • No. 10 – Houston-The Woodlands-Sugar Land

Other Texas housing markets that earned spots in the report include Waco (No. 13), San Angelo (No. 15), College Station-Bryan (No. 18), Sherman-Denison (No. 19), and Abilene (No. 20).

In a similar analysis of the worst housing markets for growth and stability, 13 out of 20 on the list are located in Michigan and Ohio. No Texas cities appear on the list.

The full report can be found on smartasset.com.

Photo by Maria Ziegler on Unsplash

San Antonio housing market becoming more balanced as sales climb

real estate report

In what looks like signs of normalizing for both homebuyers and sellers, the San Antonio real estate market is seeing sales climb while prices fall.

The latest report from HomesUSA.com stated new home prices have fallen since February, with the average new price now at $375,551, which is $12,173 lower than last month.

HomeSalesUSA.com CEO Ben Caballero said in a press release that builders are attempting to avoid slashing prices by providing incentives for buyers and bonuses for agents. He said he does expect these measures to continue. He commented that San Antonio’s new home sales were “tenacious.”

“Despite the gyrations in mortgage rates, the market is finding balance,” he said.

March had the highest reported Multiple Listing Services (MLS) total monthly sales in San Antonio in about a year. The three-month moving average for new home sales last month was 644, which is 73 more sales than February.

The MLS spike can mostly be attributed to builders listing homes that were previously sold on a waiting list, according to Caballero. Interest rate jumps meant disqualified buyers pulled out from purchasing, therefore causing inventory to increase. Then the builders listed those homes in the local MLS.

While active listings decreased in March, pending new home sales increased to their highest level in nearly a year to 912. Homes are also staying on the market longer since last month’s report with the average at nearly 86 days in March, which is a 33-day increase year-over-year from 2022.

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San Antonio home sales continue to decline in February, latest report shows

REAL ESTATE REPORT

Home prices went up and sales went down in February, an inauspicious prediction for both homebuyers and sellers in San Antonio’s real estate market. That’s according to the latest market report from the San Antonio Board of Realtors (SABOR).

The latest Multiple Listing Service (MLS) data shows steady price increases in the San Antonio area. The average home price is now at $365,679, an $8,700-plus increase from 2022. Median home prices have hit $310,000, which is a smaller increase from last year, but $50,000 more than 2021.

Despite new home construction skyrocketing at the same rate, existing home sales have dropped by 28 percent. Homes are also staying on the market much longer than they did in February 2022, at around 70 days.

SABOR’s 2023 board chair Sara Briseño Gerrish shared her insights on the current market.

“The months of inventory is being reported at 3.3 and 93.5% of homes closed of their original listing price,” she said. “To close February, there were 3,531 new listings, 2,407 pending listings and 9,712 active listings.”

To add to February’s home sale woes, Bexar County saw a 16.4 percent decline with only 1,612 closed listings, while average prices increased 4.4 percent to $341,204.

Statewide, only 21,838 homes were sold in February, a 14 percent decrease year-over-year.

The full report can be found on sabor.com.

Photo by Chandra Maharzan on Unsplash

New report shows San Antonio home prices drop while overall sales stay steady

REAL ESTATE REPORT

For the fourth straight month, San Antonio new home sales have slowed despite a statewide average price drop, according to the latest HomesUSA.com report. The report uses Multiple Listing Services (MLS) data to determine the status of the San Antonio and statewide real estate markets.

The city’s three-month moving average for the amount of time new homes spent on the market in January was 73 days, which is a four-day increase from December 2022. In January of last year, homes spent an average of 23 days less on the market when compared to last month. The total number of completed new home sales also decreased in January while active listings stayed flat. These findings are consistent with MLS’ data showing a potential statewide sales decline.

In good news, buyers are seeing an improvement when it comes to new home prices. The average home price decreased from $396,487 in December 2022 to $393,316 last month. Additionally, the three-month moving average of the sales-to-list price ratio in San Antonio has dropped for the sixth straight month.

Despite the drop in completed home sales, overall sales are showing stability thanks in part to the price drops. The results are demonstrated in the pending new home sales data for January, which had its highest increase in nine months. There were 674 pending sales last month, up from 596 in December.

HomesUSA.com CEO Ben Caballero says San Antonio’s new home sales indicate the market’s “remarkable stamina.”

“Statewide average new home sales are still strong, despite all the challenges builders face,” Caballero shared in a statement. “But keep in mind as inventory rises, builders are listing more homes, which increases sales reported to MLSs.”

More information about the report can be found at HomesUSA.com.

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American Airlines adds summer travel perks including Wi-Fi enhancements, meals, and movies

Airline Food News

Fort Worth-based American Airlines has made some additions to its in-flight lineup for summer 2023, including new meals and foodie snacks, Wi-Fi updates, and new movie options to stream. That includes a special selection of films celebrating Pride Month in June.

Food first!

Food
The new food options include chef-curated menu options in premium cabins and choices for the indulgent or health-conscious traveler in the main cabin.

Plant-based: Customers flying on transcontinental American Flagship service flights have a new premium entrée and it's plant-based, woo-hoo: The new Plant-Based Bulgogi Noodle Bowl entrée comes with yakisoba noodles, stir-fry vegetables, and plant-based beef crumbles — offering a new meal option that is both nourishing and delicious.

Avli on the Park: Customers flying in premium cabins to Europe from Chicago's O'Hare International Airport this summer can enjoy dishes from Avli on the Park, a Greek restaurant in Chicago and a Michelin 2023 honoree. Options include a Greek Beef Orzo Stew and a Kagiana Egg Scramble for breakfast. These items from Avli on the Park are available on six nonstop flights to Europe: Athens, Barcelona, Dublin, London, Paris, and Rome.

Wi-Fi updates
Wi-Fi enhancements for the summer months include:

Complimentary Wi-Fi for T-Mobile customers: By July, 100 percent of American's Wi-Fi-equipped regional and narrowbody aircrafts will offer T-Mobile In-Flight Connection On Us, allowing eligible T-Mobile customers to enjoy complimentary connectivity with streaming on domestic flights.

Summer streaming: Travelers to international destinations should be able to enjoy faster Wi-Fi speeds and a more reliable service for all their connectivity needs thanks to increased bandwidth planned for American's widebody aircraft, offering 100 percent mainline aircraft with video streaming capabilities.

Entertainment
New film and viewing options include:

Monthly exclusives: New movies will be offered monthly which customers can watch exclusively inflight such as the new AppleTV+ movie Ghosted.

Pride Month: American is offering an entertainment channel featuring top LGBTQ+ talent; customers can choose from a list of movies and series.

American Black Film Festival channel: This summer, American is bringing new content to the American Black Film Festival channel, elevating the unique voices and power stories of the Black community to offer a deeper understanding of the Black experience.

"Our customers are the inspiration behind everything we do, and American is committed to consistently deliver a world-class experience for them,” said Kim Cisek, Vice President of Customer Experience. “We know customers want a convenient travel experience throughout their journey on American and to arrive at their destination satisfied and ready to explore — a focus we keep in mind when refreshing and creating new experiences for them to enjoy on the ground and in the skies."

Transformers: Rise of the Beasts is ridiculous and fun at the same time

Movie Review

The Transformers series has been one marked by near universal derision by the critics and (mostly) massive box office, highlighting the divide between those who watch movies for a living and those who just go for fun. Given that history, it seemed unlikely that the latest film, Transformers: Rise of the Beasts, would unite the two factions.

Like the last film, Bumblebee, Rise of the Beasts is a prequel to the Transformers films directed by Michael Bay from 2007-2017 (Bay remains as a producer). Set in 1994, it features a way-too-complicated story involving something called the Transwarp device prized by three separate groups of Transformers: The Autobots led by Optimus Prime (Peter Cullen); the Maximals, animal-esque bots led by Optimus Primal (Ron Perlman); and the Terrorbots, led by Scourge (Peter Dinklage). One guess as to which of those groups is the evil one.

Mirage (Pete Davidson) in Transformers: Rise of the Beasts

Photo courtesy of Paramount Pictures

Mirage (Pete Davidson) in Transformers: Rise of the Beasts.

Noah Diaz (Anthony Ramos) is a former soldier in Manhattan who can’t find a job and tries his best to take care of his sickly brother, Kris (Dean Scott Vazquez). Elena Wallace (Dominique Fishback) works at a museum on Ellis Island, where she encounters an artifact with unusual markings. Through a series of unlikely but still fun events, both of them are dragged into the conflict between the Transformers, with nothing less than the fate of the universe at stake.

Directed by Steven Caple Jr. and written by a team of five writers, the film is as ridiculous as any of the previous iterations, and yet somehow it becomes the most entertaining entry yet. Some of this has to do with the human characters, who are given engaging scenes outside of the ones with Transformers, allowing them to be relatable instead of just pawns in the robot battles.

The trifecta of Transformer groups turn out to be actually interesting, rather than an excuse to fill the screen with CGI nonsense. The Autobots, as usual, are the main heroes, and with Bumblebee using movie quotes to talk and Mirage (Pete Davidson) lobbing wisecracks constantly, they’re rarely unentertaining. Having the animal-like Maximals on board gives a new dimension, and the seemingly unstoppable Scourge makes for an intimidating villain.

That’s not to say, of course, that the film doesn’t devolve into chaos on multiple occasions. Several of the battles, including the final sequence, seem designed to be almost incomprehensible. But Caple and the visual effects team appear to have understood that clarity makes for a better moviegoing experience, and so even as bedlam reigns, there’s a level of focus to the film that other films in the series have not had.

Even though his character isn’t fully fleshed out, Ramos brings a kind of streetwise energy to the role that makes him stand out. Fishback is not given as much to do, but she’s still highly enjoyable. Cullen, who’s been voicing Optimus Prime since the 1980s, is still a commanding presence, allowing Davidson, Michelle Yeoh, Perlman, and more to bring their own unique flair to their characters.

It may be a low bar to jump, but Transformers: Rise of the Beasts is the best film so far in the series, cracking the code of pairing humans with robots for a (semi)intelligible story. A late movie teaser will have fans geeking out over the future, but it’s best to enjoy this film for being as good as it is.

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Transformers: Rise of the Beasts opens in theaters on June 9.

San Antonio had the 3rd largest population increase in the U.S., new Census report says

POPULATION REPORT

We already know things are changing in Texas at large, but how about San Antonio? Now, six out of the 15 most populous cities in the United States are in the Lone Star State, and the Alamo City had one of the largest numeric population increases in the nation. The U.S. Census Bureau's latest findings add more validity to reports that less people are interested in living in the city proper, and are seeking residence in the suburbs.

San Antonio added nearly 18,900 new residents between July 2021 to July 2022, bringing the city's total population to nearly 1,473,000. That put San Antonio at No. 3 on the list of numerical increases (as opposed to proportional growth). For scale, the report lists Austin at 1.0 million. Fort Worth took the top spot with its gain of 19,170 residents, and Phoenix, Arizona earned No. 2 after adding 19,053 to its population count.

The top 10 cities with the largest numeric population increases are:

  • No. 1 – Fort Worth, Texas
  • No. 2 – Phoenix, Arizona
  • No. 3 – San Antonio, Texas
  • No. 4 – Seattle, Washington
  • No. 5 – Charlotte, North Carolina
  • No. 6 – Jacksonville, Florida
  • No. 7 – Port St. Lucie, Florida
  • No. 8 – Cape Coral, Florida
  • No. 9 – Houston, Texas
  • No. 10 – Georgetown, Texas

New Braunfels also earned a nod in the report for being the No. 13 fastest growing city in 2022, and crossing the 100,000 population threshold. The city grew by 5.7 percent, adding up to 104,707 residents.

In an overall analysis of the 15 largest American cities in 2022, San Antonio ranked No. 7. Houston was the only Texas city that ranked higher at No. 4 with its population of over 2.3 million people. Dallas came in at No. 9 with a population of just under 1.3 million, and Austin barely made it into the top 10 with a population of 974,447 residents. Fort Worth ranked outside the top 10 at No. 13, with a population of 956,709.

The top 10 most populous American cities are:

  • No. 1 – New York City, New York
  • No. 2 – Los Angeles, California
  • No. 3 – Chicago, Illinois
  • No. 4 – Houston, Texas
  • No. 5 – Phoenix, Arizona
  • No. 6 – Philadelphia, Pennsylvania
  • No. 7 – San Antonio, Texas
  • No. 8 – San Diego, California
  • No. 9 – Dallas, Texas
  • No. 10 – Austin, Texas

The report additionally discovered that housing inventory skyrocketed by 1.6 million units between 2021 and 2022. Texas had the third fastest housing growth with a rate of 2.3 percent, versus Utah, which had the fastest growth at 3.3 percent.

San Antonio didn't make the cut in the list of the 10 most populous U.S. metro areas (as opposed to the cities, themselves), but Dallas-Fort Worth-Arlington ranked No. 4, and Houston-The Woodlands-Sugar Land ranked No. 5.

The full report can be found on census.gov.