04 Jan 2018

San Antonio leads U.S. cities for minority homeownership

San Antonio ranks No. 1 for minority homeowners. iStock

It’s very difficult to argue with the statistics: inequality in the U.S. is on the rise. The ‘American Dream’ — the one with the nice suburban house with the white picket fence, a couple of kids, and an easily payable mortgage — appears to be sliding further away from minorities, according to a new report by rental search firm Abodo Apartments.

Looking at the country as a whole, 71.3 percent of white Americans own homes, while only 41 percent of black Americans own a home, according to the latest U.S. Census numbers analyzed by Abodo. The study also looked at other minority groups including Hispanic-Americans and Asian-Americans and found similar, albeit smaller, disparities.

But what about Texas? Good news — San Antonio ranks No.1 among the largest U.S. cities for minority homeownership. In San Antonio, 55.2 percent of minorities own homes while 44.8 percent of minorities are renters.

When it comes to saving for a down payment, it would take minorities in San Antonio – based on a formula compiled by ABODO – eight years to save for a down payment. And surprisingly, when compared to other large cities in the U.S., this is not a long time. For example, in San Jose, California it would take a minority 56.7 years (yes, years) to save for a down payment. Home prices in that city are among the highest in the nation right now, but either way, that’s a long time to wait to own a home.

Interestingly, many minorities are seeking alternative home financing methods. One example is a contract for deed method, widely popular in the Midwest. Other methods for creative home financing include two-step mortgages, family loans, securities-back loans, and more.

Outside of San Antonio, Houston ranks fifth among large cities for minority homeowners with 50.2 percent, Austin ranks 11th among the largest cities for minority homeownership rates, with 48 percent owning homes, and Dallas ranks 15th with 47.4 percent minority homeowners.

That’s all good news, seeing as many major cities like New York City, Boston, Cleveland, San Diego, and Los Angeles ranked far lower, according to the report. In Texas, equal opportunity is on the rise in the housing department, a trend we hope continues throughout 2018.

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19 Jul 2017

The Benefits Of Using An Apartment Finder San Antonio

Moving to San Antonio is exciting and the city is a great place to live. There are plenty of activities to enjoy there and the cost of living is low, so you can really enjoy yourself when you live there without having to worry about money so much. One of the best ways to find your ideal apartment is to use an apartment finder San Antonio.

Apartment finders make the apartment search easier because you don’t have to visit so many sites looking for the right apartment. You can use the apartment finder and enter in all the things that are important to you and you will be able to easily find an amazing apartment that is in your price range.

You can find apartment finders online and you don’t have to enter in any personal information. You just need to check off boxes for the things that you want and the apartment finder will do all the hard work and find you a great apartment. You want to make your apartment hunt as easy as possible and you don’t want to spend a ton of time looking for listings on all the different apartment sites.

The great thing about using an apartment finder is that the software goes through all the listings for you and pulls the ones that meet your requirements so you don’t have to do all that work yourself. If you had to look for every apartment by hand it would take forever.

You do need to do your homework and look for the neighborhood you want to look for. Some San Antonio neighborhoods are better than others and you don’t want to get stuck in an unsafe neighborhood. Take the time to scout out the neighborhoods you might want to live in so you don’t get stuck in a bad one.

Try to find a apartment that is near your job and also near shopping and restaurants if you can. Ideally, you would be able to walk to restaurants and stores. If you are going to be taking public transportation, look for an apartment that is near a bus line.

Using an apartment finder San Antonio makes looking for apartments so much easier and you can quickly find the apartment you want. San Antonio is an affordable place to live and it has plenty of entertainment options to keep you happy.

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