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This episode of Beyond the Bite features real estate experts Bryan Glasshagel, Senior Vice President of Zonda Metrostudy, and Paul Basaldua, CEO of Versatera Development. They navigate through the complex dynamics of the residential housing market ...
This episode of Beyond the Bite features real estate experts Bryan Glasshagel, Senior Vice President of Zonda Metrostudy, and Paul Basaldua, CEO of Versatera Development. They navigate through the complex dynamics of the residential housing market in San Antonio and Bexar County, deliberating on the influences of fluctuating interest rates and evolving demographic trends.
Glasshagel offers insights on the building industry's outlook as price adjustments loom amidst affordability challenges. Basaldua shares his experience with Versatera's ventures, underscoring San Antonio’s southward expansion and the ongoing investments in and around San Antonio.
The conversation delves into pressing issues such as housing affordability across income levels and the considerations developers make in creating mixed-income communities. Glasshagel highlights the substantial portion of new homes valued under $350,000, painting a picture of a market striving to maintain diversity and accessibility amid economic shifts. Additionally, the two guests discuss the trend of families returning to the south side for its proximity to the city center, with higher-end housing developments marking a notable shift in the local landscape.
The episode concludes with a perspective on the escalating impact of material costs, labor shortages, and the inflow of out-of-state buyers, underscoring Texas' burgeoning role in mitigating the nationwide housing quandary.
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