🏠📈 Real Estate Update 📉🏠Here's the latest market report (based on single family homes) 📊:🏡 Mortgage Rates:30-year conventional rate today is 7.25%30-year VA rate today is 6.65% 💰 Median Sales Price:February: $460,000March: $475,000April: $476,000📈 New Listings:February: 1,669March: 1,845April: 1,914📅 Median Days on Market Until Sale:February: 21March: 16April: 13Some fun facts!

Knowing inventory levels will help you make better decisions.

Working on your credit may be more important than your income going non conventional lending.

Will we start seeing more inventory hit the market soon, or do you feel that most Owners will hold & wait to see how this all shakes out?

Conventional for the purchase.

You will need an experienced agent to help you navigate though all of the inventory.

Approved for the max allowable conventional loan, but looking for ways to fund the DP.

Conventional How did you add value to the deal?

You may have to go creative rather than conventional, but depending on where it is and what you are doing, you may be looking at anywhere between 100K-300K in soft costs (permitting, design, architecture, utility hook ups, etc.) and a construction budget of probably 1 Mil to whatever, once again depending on what you are doing and where. 

Overall, he seems to want to do a basic cost seg for me on the FF&E and Capital Improvements and leave the original basis of the property on the conventional depreciation schedule.I would love some feedback, personal experience, thoughts on this matter.