A report published last year projected that San Antonio home values would depreciate more than 30%. However, some industry experts say that's unlikely.
Despite rising interest rates and economic uncertainty, one industry expert predicts that San Antonio's housing market will not only survive the current downturn but fare far better than those of Austin and other pandemic boom towns. and adjunct professor of real estate media and information at Columbia University, told the San Antonio's economic fundamentals mean it's unlikely to see as dramatic a housing downturn as Austin.
"I would expect San Antonio to be more steady and less prone to fluctuations than Austin — probably remaining a generally more affordable option and featuring less speculation," Korangy told the in an email."I would opt for San Antonio as a relative safe harbor over the balance of this year."