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HUD Market conditions
Hello! Can someone help me understand the following and whether this is a good or bad sign?
Current sales market conditions: tight
Current apartment market conditions: tight
This is from an HUD market profile. For reference, I am looking to house hack by buying a multi-family and renting out the other apartments. My guess is this strategy would work for most markets, but I would like to understand the nuances of market analysis.
Thanks!
Mandy