According to Moody's Economy.com the San Antonio metro area's economy is one of only 23 leading metros in the U.S. (out of 381) that is showing a moderating recession, meaning the local economy is not contracting as severly as 6 months earlier. Seven other Texas metros also showed improvement. No metro areas anywhere in the U.S. have yet moved into the "in recovery" category that would show actual postive economic growth. More info can be found at:
http://www.economy.com/dismal/
In a related story, San Antonio home prices have shown steady values through the real estate crisis and sport 5-year increases in home values of 33.24% and 10-year increases of 63.27%.
Story from the The San Antonio Business Journal, Friday, July 24, 2009.