Especially with the increase in pet ownership in our country.12 Interesting Pet Travel Statistics & Trends to Know: 2024 Update – Dogster

Urbanization trends, population growth, and the desire for homeownership contribute to a demand that far outstrips supply in many areas.Government Policies as Market StabilizersGovernment interventions have played a pivotal role in stabilizing the housing market.

Look into vacancy rates, average rental prices, and demographic trends.

Start by learning about different strategies, market trends, financing options, and best practices.

-Network: Connect with other real estate investors in your area to learn from their experiences and stay informed about market trends.

It's great to hear that you're interested in providing housing for fellow travel nurses - it sounds like a fantastic niche market.As you're getting started with acquiring rental properties, here are some steps you can take:To start real estate investing, educate yourself on various strategies, including analyzing deals, financing options, property management, and local market trends.

There are advantages and disadvantages to both strategies when deciding whether to invest in-state or out-of-state.In-State Investing:Knowledge: You probably know more about the rules, legislation, and local market in your own state of Houston, Texas.Network: It's possible that you already know contractors, real estate agents, and other people in your community.The Ease of Management: Especially when dealing with daily problems, managing properties in your neighbourhood may be more convenient.Out-of-State Investing:diversity: If your local market is competitive, investing in a different state may offer greater prospects and diversity.Affordability: As you pointed out, certain states could have more reasonably priced real estate, which might enhance cash flow.Market Dynamics: There are markets with varying development potential and economic trends that you may access.Taking Out-of-State Investing Into Account:Investigate the target market in-depth, paying particular attention to employment growth, economic data, and local real estate market patterns.Establishing Networks: Establish a local network of contractors, property managers, and real estate experts.

Ohio markets show up 3 times in Zillow’s 2024 hottest markets, with Columbus and Cincinnati taking the top 2 and 3 spots.

Consider factors such as the property price and financing, income and expenses, cash flow and return on investment (ROI), market trends and demand, future appreciation and exit strategy, and seek professional guidance.

You can see this as Market Supply matches a similar trend to Listing Inventory, indicating that the buyer’s remain constant despite the lack of inventory and fluctuation of pricing.