KLUP News Post 2/4/2008 San Antonio Economy

San Antonio stays stable as credit crunch hits national real estate market. John Thurman of Heart of Texas Realty with today's San Antonio Business Journal news feature. Business Journal writer, Michael D. however wrote that we passed through a period of unbridled enthusiasm and now it is time to come back to realty. Recent reports are heralding the impact of the credit crisis on commercial real estate, and to be sure, since August of 2007, a hauntingly familiar bubble started to arise within the industry. After a dozen years of up cycle in the real estate industry, we have to ask, When will the ride come to an end? Increased values, low interest rates, rising rents and huge profits led to an intense rush of capital into the market. A record $130 billion was poured into the market in the first half of 2007. Things looked good. Underwriting standards by the more aggressive lending institutions were lax and cheap debt was easily available. That's all coming back to earth and hopefully for a soft landing because job creation and family growth are both continuing and a steady rate this pointing to continued growth and stability in the Alamo City. For San Antonio area homes and real estate, call John Thurman of Heart of Texas Realty. www.HeartOfTexasRealty.com