-Single-family home sales declined 1.5 percent year-over-year;-Days on Market (DOM) for single-family homes went from 49 to 45 days;-Total property sales were down 3.1 percent with 10,175 units sold;-Total dollar volume was statistically flat at $4.3 billion;-The single-family median price edged up 1.5 percent to $345,000;-The single-family average price rose 3.6 percent to $443,970, which is a record high; -Single-family home months of inventory registered a 4.0-months supply, up from 2.7 months last May;-Townhome/condominium sales continued to decline, falling 9.8 percent, with the median price climbing 12.1 percent to $241,600 and the average price up 7.5 percent to $281,777.

It's a little stressful when HELOC rates are climbing and unpredictable, but not so much when the project is a flip (or a BRRR where you've already had a lender give you some assurance that you'll be able to cashout when the project is done).I'm happy to help you think out options and plans if you want to have a call this week.

On average property insurance costs alone have risen around 25% since 2020, depending on the specific risks to the area, premiums could have climbed much, much higher. 

Best wishesMilwaukee has been on a steady 7-8% climb for the last 10 years, we have a chronic housing shortage and according to rentcafe 2024 we are the second most competitive market for tenants only second to Miami, FL.

The only people who have ever told me that an MBA was a waste of time and money are the ones who never pursued one (I'm not exaggerating when I say that).However I didn't pursue my MBA because I wanted to climb the corporate ladder.

That was 3 years ago, now we're up to 287 doors and climbing through the BRRRR strategy.

We live in an area where prices for houses around around $700-1,400 a sq ft (and climbing!) 

The zip code likely appeals to families looking for more space than a condo or townhome provides.Here is a chart showing the price per square foot ($/sq ft) for home sales in San Jose zip code 95111 over time, based on the data provided:DateMedian $/sq ftDec 2022$719Jan 2023$711Feb 2023$703Mar 2023$620Apr 2023$754May 2023$689Jun 2023$728Jul 2023$746Aug 2023$778Sep 2023$722Oct 2023$844Nov 2023$690Dec 2023$868Jan 2024$962Feb 2024$816Mar 2024$901Apr 2024$882May 2024$985A few key observations:The median price per square foot has generally trended upward over the 1.5 year period, from around $700/sq ft in late 2022 to nearly $1,000/sq ft by May 2024.There is some month-to-month variability, with dips in certain months like March 2023 ($620/sq ft) followed by recoveries.The highest median $/sq ft was in May 2024 at $985/sq ft, while the lowest was $620/sq ft in March 2023.Over the full period, the median price per square foot increased by about 37%, indicating significant price appreciation in this area.So in summary, the price per square foot data shows home values in zip code 95111 have climbed considerably from December 2022 to May 2024, though not in a straight line.

I'm passionate about learning the ins and outs of the industry.Outside of real estate, I enjoy climbing and bouldering.Excited to learn and connect with you all!

With 100 homeowners who received a cost estimate only 5 remained in the program due to costs of a single conversion climbing up to $1M...it's just not worth it.https://citylimits.org/2023/03/13/in...about-cellars/If there was something in place that was more affordable, I'm sure more homeowners would be willing to take this route, myself included, to meet the city standards.