NAR Says - Existing home sales fall to lowest level in nearly 30 years and Median housing prices rose to a record high"The National Association of Realtors released data that showed existing home sales declined to the lowest level since 1995 last year, with 4.06 million homes sold on an annual basis.Meanwhile, the median home price median home price rose to a record high of $407,500 in 2024."

I have had 3 people email me this weekend who are over leveraged and also cash strapped in that they have repairs of $5k or more, o cash to repair and without repairing cannot release unit.

On Real Estate Rookie Youtube we just released a new Rookie Reply episode that has a question pertaining to First Time Home buyer's.

Ended up hiring an attorney to demand the release of the funds.

Combining short term rentals and a venue is a huge advantage because guests would not have to travel far and you could offer better rates as part of a event package.My current venue focuses more on baby showers, content creation and birthday celebrations rentals.

Some have closed deals, others have deals under contract, and any progress (big or small) is celebrated.    

Mitigation Strategies:Consider qualifying as a Real Estate ProfessionalGenerate passive income through strategic investmentsPlan property dispositions to release suspended lossesMake appropriate grouping electionsStructure leases to demonstrate active participationThe Bottom Line:Cost segregation studies remain a valuable tax planning tool.

Quote from @Lorraine Hadden: As we close out 2024 and look forward to 2025, NAR released its 2025 list of top performers in 10 metro markets.

Fireworks lit up the Strip from nine hotels, with over 400,000 attendees celebrating peacefully.

That growth is unevenChase JordanFri, January 24, 2025  The ever-growing Charlotte region is home to 3 million people, but the population is projected to swell by more than 50% over the next 25 years, according to local researchers.By 2050, some 4.6 million people will be living in Mecklenburg County and surrounding areas, the Charlotte Regional Business Alliance said in a report released Thursday.