San Antonio Texas Real Estate Market Update

by Betsy Nava-Flores

This video series is all about What to expect in the San Antonio Real Estate Market


January 3, 2021

What to Expect in The Real Estate Market in 2021

I know it’s hard to tell with everything we have going on. I get it, I’ve seen so many different markets over the last 20 years and this has been one of the more unprecedented and unfamiliar markets since I’ve started. Betsy Nava-Flores, Broker Owner of Harvest Real Estate.

If you look at the Housing Market Recovery Index, here’s a graphic from you see a V market, which was just as predicted back in March when the shut-down started. The market has recovered and is even looking better than before. Back in March we were at 106.5 and now we are at 112.8. Yes there was a definite dip in the housing market in April 2020 but now as you can see here, the market dipped and then took a strong and steady rise, and now we are stronger than back in March.

This analysis measures 4 things.
One: being the demand of homes, meaning more buyers wanting to buy.

Two: it measures the Supply or Inventory, the number of homes on the market.

Three: it analyzes Pricing. Are homes prices going up or down?

Four: The Housing Recovery Index measures Time on Market.

Inventory and interest rates are in my opinion some of the strongest indicators of why we are seeing such of an increase in housing activity. There is lack of supply and high demand because interest rates are at all time lows. Also, if you look at the number of active forbearances, and just to remind you a Forbearance is deferment of mortgage payments, the number of Active Forbearances have been declining almost each month. Also, if we look at when homeowners exited their forbearance plan, you’ll see that 54.6% are paid in full, 30.7% are working out repayment plans and 14.7% are still in trouble.

The things to be concerned about is that 14.7% very well turn into a short sale or foreclosure, so that is something to be made aware of.

The market is still hot and buyers are active. Look out for more information about the housing market and how it may affect you. Betsy Nava-Flores with Harvest Real Estate and we’re always here to help. Reach out anytime even if you’ve just got questions. We’d be more than happy to help. Stay safe everyone!!

Get your Free Seller’s Guide Here Here


January 10, 2021

Are We Going To See A Real Estate Crash in 2021???

With bidding wars and lack of inventory many people are asking us if we feel the market may crash. You know the saying, what goes up must go down. I understand how scary it may be thinking about what to do, I’m in the market just like you. Betsy Nava-Flores, Owner and Broker of Harvest Real Estate.

after selling over a thousand homes myself, this is a very unpredictable time. But let’s truly compare what happened back in 2006 when we had one of the biggest crashes in American history. According to the National Association of Realtors Chief Economist Lawrence Yun, he says and I quote “ Such a frenzy of activity, reminiscent of 2006, raises questions about a bubble and the potential for a painful crash.

The answer: There is no comparison.

Back in 2006, dubious adjustable-rate mortgages taxed many buyers’ budgets. Some loans didn’t even require income documentation. Today, buyers are taking out 30-year fixed-rate mortgages. Fourteen years ago, there were 3.8 million homes listed for sale and home builders were putting up about 2 million new units.

Now, inventory is only about 1.5 million homes, and home builders are underproducing relative to historical averages.” So the thing to notice from that quote was when he said, “There is no Comparison”.

Also, major contributors to the crash back in 2006 was the fact that stated income loans were being given to buyers. Buyers were being qualified for a loan that they simply could not afford, and in many cases, little paperwork was needed to qualify for a loan, someone would simply “State” what they made and that was considered enough.

That is NOT the case now!! Lenders pretty much want your first born child in order to approve you, just kidding, maybe!!

they go above and beyond in qualifying buyers for a loan and making sure they have the means to pay. That should give us some relief in respect to the housing market and it’s sustainability.

Also, homes that were appraising at exceedingly higher values from one week or one month to the next, had a significant impact on the crash, that is just NOT happening anymore. There are stringent guidelines for appraisals and the amount a bank will lend for a home. I feel we should all take solace knowing that there are many more factors that led to the crash of 2006 that we just do not see today.

Betsy Nava-Flores with Harvest Real Estate and we’re always here to help. Reach out anytime even if you’ve just got questions. We’re here to help.



January 17, 2021

What Do The Experts Say About the Real Estate Market in 2021

I don’t know about you, but I’ve found the media to inflate the truth and quite frankly use negative headlines to get more viewers, but let’s look at projections for 2021 from people that have their finger on the pulse and are experts in the Real Estate Industry.  Low interest rates are an indicator of a strong housing market.  According to Freddie Mac, they project interest rates to remain low, in fact lower than what we’ve seen in the past 5 years.  

They are projecting interest rates to be in the low 3’s for the remainder of 2021.  Also, Chief Economist of Danielle Hale, states “We expect home sales in 2021 to come in 7.0% above 2020 levels.  

Also, all the major servicers like Fannie Mae, the Mortgage Bankers Association and more are forecasting an increase in home prices in 2021.  Not as significant of an increase as previous years, but still an increase.  Another thing, according to Lawrence Yun Chief Economist of National Association of Realtors he states “This winter may be one of the best winters for sales activity…on a winter-to-winter comparison, this could be one of the best breakout years just based on the fact that pending contracts are at such a higher level.”  

I hope this information is helpful to you in giving you some insight to what 2021 may bring.  Always here to help, feel free to contact me here at Harvest Real Estate at any time.  We’re always here to help! 

January 24, 2021

Three Expert Views About the Real Estate Market in 2021

Many American’s are worried about another crash like what we saw in 2006 because of the housing frenzie we’re in right now being very similar to just prior to the crash in 2006.

So, what are the experts saying…Hi, Betsy Nava-Flores Broker and Owner of Harvest Real Estate. I want to share with you some quotes from Real Estate Industry Experts to help sum up what to expect.
First: Lawrence Yun Chief Economist of the National Association of Realtors says and I quote, “In 2021 I think rates will be similar or modestly higher, maybe 3%……So mortgage rates will continue to be historically favorable.”

Next: Danielle Hale, Chief Economist of says “We expect sales to grow 7 percent and prices to rise another 5.7 percent on top of 2020’s already high levels.”

And what about Senior Vice President and Chief Economist of National Association of Home Builders? he says and I quote “With home builder confidence near record highs, we expect continued gains for single-family construction, albeit at a lower growth rate than in 2019. Some slowing of new home sales growth will occur due to the fact that a growing share of sales has come from homes that have not started construction. Nonetheless, buyer traffic will remain strong given favorable demographics, a shifting geography of housing demand to lower-density markets and historically low interest rates.” So if you’re thinking about selling or buying and taking advantage of the market this winter, reach out to me here at Harvest Real Estate.

Published on 2021-02-02 14:22:33