SABOR’s 2017 Housing Forecast Provided Outlook on 2017 Market

The San Antonio Board of REALTORS® hosted its 2017 Housing Forecast earlier this month at the J.W. Marriott Hotel to an audience of approximately 1,000 REALTOR® and Affiliate members. Participants at this annual event heard from a series of locally and nationally recognized speakers sharing their expertise on market conditions, industry trends and community conditions and how those factors will affect the 2017 real estate market.

“In 2016 we outpaced 2015’s sales figures, and we expect to carry this momentum into the New Year,” said Angela Shields, President and CEO of the San Antonio Board of REALTORS®. “An event like this is a prime opportunity for our members to prepare for the demands of a busy housing market by staying informed of the factors shaping our industry.”

Topics covered this year ranged from downtown living and the luxury market to job growth, company relocations, area parks, water, transportation, land sales and the Texas economy. 

The keynote presentation was given by Dr. Mark Dotzour, Real Estate Economist, who spoke about the current conditions in the Texas market while offering some insight into the coming year. Dotzour pointed out that consumer confidence has spiked in the last few months and there is no hint of a recession on the horizon. While home prices in the area have risen over the years, Texas remains more affordable than other large states.