Supply/Demand Relationship – unchanged, seller’s market- While demand has dropped, supply is at all-time lows which more than offsets it.- Seasonally adjusted housing supply has remained unchanged at 1.7-1.8 months since January 2022.- Seasonally adjusted median days to contract have remained unchanged at 9 days for nearly 2 years.

https://www.har.com/content/newsroom/Houston Real Estate Highlights in March:-Single-family home sales fell 18.3 percent year-over-year, as the market continues its gradual return to normalcy;-Compared to pre-pandemic 2019, single-family home sales rose 13.0 percent;-All but the sub-$100,000 housing segment experienced negative sales; -Days on Market (DOM) for single-family homes rose from 38 to 62 days;-Total property sales fell 20.9 percent with 9,589 units sold;-Total dollar volume dropped 20.2 percent to $3.7 billion;-The single-family median price dropped 3.0 percent to $325,000;-The single-family average price was statistically flat at $408,647; -Single-family home months of inventory registered a 2.7-months supply, up from 1.1 months a year earlier;-Townhome/condominium sales experienced their 10th straight monthly decline, falling 35.3 percent, with the median price up 4.0 percent to $223,500 and the average price up 6.0 percent to $270,294;-Compared to pre-pandemic 2019, townhome and condominium sales were unchanged.

Welcome to the world of rent control, where tenants expect their cost of living to remain forever unchanged while evil 'rich landlords' subsidize their housing

Technically, the headlines were good for the bond market, but bonds are primarily responsible for determining day-to-day changes in mortgage rates.The first development arrived late last night when the Bank of Japan(BOJ) kept its monetary policy unchanged.

If you live in a smaller market or in a place that's already gotten beaten up in the commercial sector, this may be correct, but I'm not sure it's the number you'll want to use to calculate value.For example, if you think that you'll hold the property for, say, 5 years, and expect that you'd be able to resell it in 5 years at a 10% cap rate, then the resale value in 5 years will be $572K (assume income and expenses remain unchanged).If that's the case, you'll want to buy lower than that, so that you have a built-in profit, even in the case where NOI doesn't increase in that time frame.So, I would recommend that you still with a lower cap rate to evaluate valuation, even if many of the buildings are seemingly going for 11-12% (remember, you don't really know another properties cap rate, and you shouldn't trust what another investor tell you!)...

This serves two purposes: 1) It gets me eyes inside the property 4 times per year, vs the cheap companies who don't do that, or they'll charge extra for "inspections"; 2) It helps save the owner money on HVAC repairs, because unchanged air filters is the #1 cause of unnecessary HVAC breakdown.

Looking at the sectors, Leisure and Hospitality led the gains once again.ADP also reported that annual pay for job stayers increased 7.3% year over year, unchanged from the previous report.

And inflation is the key reason rates have remained high.Long story short, in spite of the Fed rate hike and the relatively unchanged outlook for 2024, the market saw some indication of a policy pivot in Powell's comments--some shifting of the big picture cycle of economic growth and inflation.

The tax basis and depreciation basis for the original rental unit is unchanged. 

We have it in our lease that it "will renew for the same period of time if unchanged by either party"Also, does that have to be sent via certified mail?