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Welcome to Patrick Coleman Real Estate Inc. We are a full service Real Estate Appraisal office located in the San Antonio, Texas area. I have been a fee appraiser in the San Antonio area for 21 years and a licensed Real Eatate Broker for 20+ years. I have a Texas State Residential Certification and I am an Associate Member of the Appraisal Institute. We have two additional appraisers on our staff, one residential certified and a trainee. We pride ourselves in professional reports in a timely manner.
We are a provider of appraisals for:
Primary and Secondary Mortgages
Mortgage Refinancing
Employee Relocation
Private Mortgage Insurance Removal
Estate Planning
Divorce Settlement
Our rates our competitive in the San Antonio and Bexar County area. We also offer service in the cities of New Braunfels, Sequin, Boerne, Spring Branch, Canyon Lake, Castroville, La Vernia, Floresville, Marion, Medina Lake, Bandera, Devine, Poth, Lytle, La Coste, Stockdale, Natalia, Bulverde, Saint Hedwig, New Berlin, Somerset, Schertz, Cibolo, Universal City, Live Oak, Shavano Park, Hollywood Park and Poteet. Counties serviced include, Bexar, Wilson, Guadalupe, Comal, Kendall, Bandera, Medina and Atascosa. All located in south central Texas.
We pride ourselves in knowing about the San Antonio area and specific sites or locations and their influence on our city including, the San Antonio River Walk, The Alamo, Kelly USA, new Toyota manufacturing plant, Brook Army Medical Center, Lackland and Randolph Air Force Bases and Fort Sam Houston Army Base.
INDUSTRY NEWS
New Home Prices, Sales Volume Up in April; Used Homes Sales Dips
New home sales unexpectedly rose 3.3 percent in April, the first increase in six months, the Commerce Department said May 27. As a result, the inventory of unsold homes fell slightly to a 10.6 months’ supply versus the 11.1 months’ backlog recorded in March. The tune was different for used homes, however, as annualized sales of total existing homes declined 1 percent in April to 4.89 million units. Sales of existing homes are down 17.5 percent from the 5.93 million units in April 2007. However, the median price for an existing home increased for the second straight month in April to $202,300 from the revised March figure of $200,100.
The median price for a new home sold in April rose to $246,100, up 1.5 percent from April 2007, and the first time since November 2007 that there had been a year-over-year gain. In a separate report, however, the Standard & Poor’s/Case Shiller Index showed existing home prices falling 14.1 percent in the first quarter 2008 compared with a year earlier, the biggest year-over-year decline since the Index began in 1988.
The number of new homes for sale continues to decline as builders scale back production; new home inventory declined to 454,000, the lowest level since May 2005. However, the trend of new homes starting to rebound while existing homes continue to struggle was the likely contributing factor to single-family building permits posting a monthly gain in April, the first time in over a year. The number of existing homes for sale increased 10.5 percent to 4.552 million units in April, an 11.2-month supply at the current sales pace.
Source
Appraiser News Online Headlines
Past Issue: May 2008
Vol. 9 , No. 9/10
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