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24 February 2025 | 0 replies
This measure is designed to shield existing homeowners from the rapid increases in property tax bills that have become a pressing concern.
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18 February 2025 | 0 replies
The residential lease market in Washington, DC, from January 2024 to January 2025 has experienced some changes:Units Listed: The number of units listed decreased by 78, a 15.92% decrease, from 490 to 412.Listed Median Price: The listed median price increased by $175, a 6.19% increase, from $2,825 to $3,000.Units Leased: The number of units leased decreased by 58, a 19.86% decrease, from 292 to 234.Sold Median Price: The sold median price increased by $100, a 3.51% increase, from $2,850 to $2,950.Summary: A decrease in units listed and leased indicates a reduction in supply and demand year over year.
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25 January 2025 | 8 replies
Airbnb claims that setting up a "photo tour" on your listing will increase bookings by 6 percent, for example. Â
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25 February 2025 | 0 replies
This limited inventory will likely continue to drive up prices.Sales - Median $/SF by MonthThe $/SF had a robust increase MoM.
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23 February 2025 | 5 replies
Multifamily properties can benefit from forced appreciation, where you increase value through renovations and improved management, potentially achieving 5% to 7% appreciation annually, especially if the rental market remains robust.
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25 February 2025 | 1 reply
Here are some key highlights from the report, which compares January 2025 with January 2024:The median sales price for the greater Austin metro fell 4.7% to $409,765, while the City of Austin saw a 4.7% increase to $553,465.Total sales in the metro rose 1.1%, whereas the city saw a 4% decrease in closed sales, demonstrating continued demand in spite of economic challenges.Pending sales under contract dropped 7.5% in the metro and 1.4% in the City of Austin, suggesting a slight decrease in demand at the start of 2025.Listing inventory increased 16.5% in the metro and 15.5% in the City of Austin, resulting in 5.6 months of available housing inventory in the metro and 6.2 months in the city, approximately one month more than in January 2024.According to the Texas A&M Real Estate Center, a balanced real estate market has around 6.5 months of inventory.
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16 February 2025 | 7 replies
Quote from @Jaycee Greene: A few things I noticed, in addition to having the tenant pay the utilities are:1) Incorporate annual increases in rent higher than 2% (in your area, maybe 4%-5%) with a slightly smaller increase in operating expenses (say 2%-3%)2) With a gut rehab, I'm not sure why you need to spend $128/month on cap ex, at least for the first year or 2.3a) An 80% cash out refi is probably going to be hard to get.
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24 February 2025 | 0 replies
Overall, NC listings increased by 9.1% from Jan 24 to Jan 25; however, sales remain flat.Â
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22 February 2025 | 3 replies
The numbers seem pretty fair.. 40k down, 900k asset,  all rented out, 7.5k GR with room to increase,  5.7k PITI, no balloon payment.
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16 February 2025 | 3 replies
Money has to come from somewhere so where will it come from.issue will be if they increase sales tax it will be regressive tax as those who rent and don't own and have low wages will still pay more for everything.