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13 May 2021 | 3 replies
Single-family home sales increased for the eleventh consecutive month, up a dramatic 47.4 percent year-over-year with 9,105 units sold;The Days on Market (DOM) figure for single-family homes dropped from 58 to 40;Total property sales rose 58.3 percent with 11,348 units sold;Total dollar volume increased 85.9 percent to about $4.0 billion;The single-family average price reached a record high, rising 20.0 percent to $371,854; The single-family median price climbed 17.6 percent to $295,000 – also a record high; Single-family homes months of inventory registered an historic low 1.4-months supply, down from 3.4 months year-over-year and below the national inventory of 2.1 months;On a year-to-date basis, single-family homes sales are running 24.4 percent ahead of 2020’s record pace.Townhome/condominium sales shot up 112.7 percent and reached record-level pricing with the average price up 8.8 percent to $246,940 and the median price up 11.0 percent to $200,000;Single-family home rentals fell 3.4 percent with the average rent up 11.0 percent to $1,960; Townhome/condominium leases rose 15.1 percent with the average rent up 8.0 percent to $1,688.HAR
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13 May 2021 | 2 replies
Lastly, if you were in their shoes, what sector of real estate would you research to possibly invest in?
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14 May 2021 | 2 replies
;-The Days on Market (DOM) figure for single-family homes dropped from 58 to 40;-Total property sales rose 58.3 percent with 11,348 units sold;-Total dollar volume increased 85.9 percent to about $4.0 billion;-The single-family average price reached a record high, rising 20.0 percent to $371,854; -The single-family median price climbed 17.6 percent to $295,000 – also a record high; -Single-family homes months of inventory registered an historic low 1.4-months supply, down from 3.4 months year-over-year and below the national inventory of 2.1 months;-On a year-to-date basis, single-family homes sales are running 24.4 percent ahead of 2020’s record pace.
27 May 2021 | 5 replies
Hey Erina,I was in your shoes a couple years ago, except you have much more in liquid assets than I did at the time.
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5 October 2021 | 35 replies
so yeah, regardless of how nice/good you are to people, people are people and will turn on you in a heartbeat.If I were in your shoes, I'd either have the PM hire an attorney, or hire an attorney ASAP.
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4 January 2022 | 21 replies
I am following in your shoes.
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31 May 2021 | 108 replies
My comment is that gravel may be a cheaper option, but gravel tracks and it will get on shoes etc and will track into the house and get all over the floors.....
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18 May 2021 | 7 replies
You can easily determine neighborhoods by the tyical price point and for you as an OOS investor it does not matter so much whoch side of town you are on.People tend to have rose colored glasses when it comes to neighborhoods.
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19 May 2021 | 5 replies
It's in the auto repair business, where I had no experience, but the owner I'm buying it from had no prior background in it either, he was Russian immigrant who started here as a taxi driver, saved up enough to open up 3 shoe stores, but sold it all when his wife was seriously injured in a robbery.One word of advice.
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16 May 2021 | 2 replies
If I were in your shoes, I would try to house hack with a duplex or a larger home that had at lease three bedrooms to rent those out to roommates or AirBNB.