Best in Texas™: San Antonio Ranked Number 2 in Texas and number 7 in US Best City for First Time Buyers by ALEX.realestate

ALEX just published analysis and a summary of Zillow‘s “10 Best Markets For First-Time Home Buyers in 2024.” San Antonio ranked #2 in Texas and #7 in the US. Zillow’s Consumer Housing Trends Report reveals first-time home buyers accounted for half of all purchases last year. Zillow identifies 2024’s best markets for first-time buyers, emphasizing affordability, availability, and competition levels. Metrics include rent affordability, mortgage affordability, inventory ratios, and the concentration of households aged 29-43. ZILLOW’S CRITERIA Zillow’s 2024 list of the best markets for first-time buyers is based on four metrics:  Rent affordability, as defined by the share of median household income spent on rent.The share of available inventory on Zillow that the median household can comfortably afford, meaning spending no more than 30% of income on the estimated monthly mortgage cost.  The ratio of affordable for-sale inventory to renter households. More inventory per renter household is an indicator of less competition for each listing. The share of households age 29-43. More households of similar age means a higher score in Zillow’s ranking.  This is NOT a large number of agents game for us. We will accept up to 50 agents and/or brokers in the Greater San Antonio area. Apply now. Loading… Why the Top 2% of Zillow Globally is ImportantIt’s the same if you are a buyer, seller, agent or associate broker. Zillow is the only unbiased source for real estate reviews. It is driven by a range of quantitative metrics focused on service, satisfaction and results. Work with the best. ALEX knows more about the Greater San Antonio area than just about anybody. Want to know more about ALEX or ALEX Partner positions? I am always here. Just call, text or email me. Diane Hart Alexander, MBA, MHA, CEO, BrokerAlexander Tiffany Southwest dba ALEX.realestatev 713.591.9902e diane@alex.realestate

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Best in Texas™: Austin Ranked Number 1 in Texas and number 5 in US Best City for First Time Buyers by ALEX.realestate

ALEX Labs and ALEX Studios just published analysis and a summary of Zillow‘s “10 Best Markets For First-Time Home Buyers in 2024.” Austin ranked #1 in Texas and #5 in the US. Zillow’s Consumer Housing Trends Report reveals first-time home buyers accounted for half of all purchases last year. Zillow identifies 2024’s best markets for first-time buyers, emphasizing affordability, availability, and competition levels. Metrics include rent affordability, mortgage affordability, inventory ratios, and the concentration of households aged 29-43. ZILLOW’S CRITERIA Zillow’s 2024 list of the best markets for first-time buyers is based on four metrics:  Rent affordability, as defined by the share of median household income spent on rent.The share of available inventory on Zillow that the median household can comfortably afford, meaning spending no more than 30% of income on the estimated monthly mortgage cost.  The ratio of affordable for-sale inventory to renter households. More inventory per renter household is an indicator of less competition for each listing. The share of households age 29-43. More households of similar age means a higher score in Zillow’s ranking.  ALEX REAL ESTATE STAT PACKS Get any or all Stat Packs ALEX Studios currently publishes over 45 Stat Packs in the Greater Austin area including the city of Austin. If you are interested in an area we are not currently publishing, or if you have any questions, contact me. I’m always available! Diane ALEX knows more about the greater Austin area than just about anybody. If you have any questions, I am always here. Just call, text or email me. Diane Hart Alexander, MBA, MHA, CEO, BrokerAlexander Tiffany Southwest dba ALEX.realestatev 713.591.9902e diane@alex.realestate Are you an Agent or Broker in Austin?  This is NOT a large number of agents game for us. For example, in Greater Austin we will accept up to 50 agents and/or brokers. Do you want to work with a Broker in the top 2% of Zillow globally who is willing to help you with farming area targeting, lead generation, lead nurturing and lead conversion? Would you like to be armed with the best and most powerful tools including Stat Packs and 1 Minute Tours?   Want to know more about ALEX or ALEX Partner positions? Contact me! Diane

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Best in Texas™: San Antonio Hyatt Regency Riverwalk sold by ALEX.realestate

ALEX just published a summary of Connect CRE‘s “Sunstone Pays $230M for Riverwalk Hotel.” This is the largest hotel acquisition in Greater San Antonio so far in 2024. Sunstone Hotel Investors bought Hyatt Regency San Antonio Riverwalk for $230 million. The 630-room hotel, situated between San Antonio’s Riverwalk and the Alamo, underwent a recent $37 million renovation. Hyatt will manage the property and contribute $8 million. The deal values the hotel at $352,000 per key with a favorable financial outlook. Acquisition Overview Acquirer: Sunstone Hotel InvestorsTarget: Hyatt Regency San Antonio RiverwalkGross Purchase Price: $230 millionLocation: Situated between San Antonio’s Riverwalk and the AlamoSeller: Affiliate of Hyatt Property Details Size: 630 roomsLand Area: Nearly two acres of riverfront landAdditional Assets: 516-space parking garageStrategic Location: Adjacent to the Alamo Visitor Center and MuseumRecent Renovation: $37 million guestroom renovation completedManagement: Hyatt to continue managing under the Hyatt Regency brandKey Money Contribution: Approximately $8 million from Hyatt Financial Analysis Net Purchase Price: Reflects incentives offered by HyattValue per Key: Approximately $352,000Multiples:11.1x multiple on the midpoint of estimated 2024 hotel EBITDA8.0% capitalization rate based on the midpoint of projected hotel net operating income ALEX knows more about the greater Greater San Antonio area than just about anybody. If you have any questions, I am always here. Just call, text or email me. Diane Hart Alexander, MBA, MHA, CEO, BrokerAlexander Tiffany Southwest dba ALEX.realestatev 713.591.9902e diane@alex.realestate Are you an Agent or Broker in Greater San Antonio?  This is NOT a large number of agents game for us. For example, in Greater San Antonio we will accept up to 50 agents and/or brokers. Do you want to work with a Broker in the top 2% of Zillow globally who is willing to help you with farming area targeting, lead generation, lead nurturing and lead conversion? Would you like to be armed with the best and most powerful tools including Stat Packs and 1 Minute Tours?   Want to know more about ALEX or ALEX Partner positions? Contact me! Diane

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