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27 May 2024 | 1 reply
The median rent is projected to continue its slight upward trend, reflecting the broader housing market dynamics.Key InsightsPrice Growth: Anticipated 9.3% increase in home prices over the next year.Inventory Increase: Slow rise in inventory levels, still favoring sellers.Buyer Demand: Strong out-of-state interest and local job growth driving demand.Mortgage Rates: Expected stabilization, potentially easing affordability issues.Rental Market: Stable with slight monthly rent increases.Overall, the Birmingham real estate market is poised for continued growth, with rising property values, strong demand, and improving inventory levels.
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30 May 2024 | 93 replies
Much more attractive than a 5% CD.Rent growth is actually more dynamics and more volatile than residential real estate appreciation.
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23 May 2024 | 2 replies
So I was playing around the data and created a simple interactive map for housing market data visualization by counties across the US, like home prices distribution, mean days on market, listings number, etc.
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23 May 2024 | 7 replies
As an experienced realtor who has assumed a loan myself, I'm thrilled to share with you the exciting terrain where these strategies intersect and share how they can supercharge your real estate investment journey.Unveiling the Power of House HackingAssumed Loan + House Hacking: A Dynamic DuoImagine stepping into a property with a lower interest rate and an existing mortgage, ready for assumption.
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31 May 2024 | 187 replies
I get it, it's an REI board, but most of the stuff I read I fear themselves just getting caught on the system of the decade prior while not understanding the dynamics are apples to oranges.
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24 May 2024 | 2 replies
It’s great for getting an idea of what similar properties are going for in your area.Zillow Rental Manager: Not only can you list and manage your rental property here, but it also offers rental price estimates based on local market data.AirDNA: While primarily focused on short-term rentals, AirDNA offers data that can help you set prices for medium-term rentals by providing insights into occupancy rates and revenue projections.PriceLabs: This dynamic pricing tool adjusts rental rates based on demand, seasonality, and local events.
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25 May 2024 | 11 replies
Something that has helped me is to step back from the numbers, look at the properties and try to visualize 10, 20, 30 years into the future.
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25 May 2024 | 4 replies
and high-quality visuals or short videos explaining your process.Target your audience by focusing on specific zip codes, homeowners aged 30-65, and interests related to real estate and home improvement.
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23 May 2024 | 2 replies
Hello everyone, Having recently moved here from Memphis, TN, I've been immersing myself in understanding the local market dynamics and am eager to connect with all of you.I'm particularly interested in discussing is the varying levels of rehab quality we see across different neighborhoods.
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21 May 2024 | 2 replies
My wife and I just listed our first STR (single family home, 8 guests), and I have a question about dynamic pricing.