As Indy continues to grow the inventory for older builds is still high and the cost of entry and relatively low.

I've come across a few builders in the Phoenix area who are still offering 2-1 buy-downs because they are sitting on inventory.

I wouldn't buy existing. newark is the #1 zip code for new home deliveries under 400k this year in 2023 and is mostly being driven by DR Horton. year of year property appreciation is insane as well more than 10% on the median and average last time I checked the housing stats. if you want to build please reach out. we don't do any brokerage with existing inventory 

However, deals are few and far between here;  prices have not profoundly plummeted, interest rates are still high, and quality inventory is scarce.  

Also, while we can show records of median list price and cost per square foot, those are not necessarily helpful in determining future appreciation because factors such as new home inventory can skew these numbers.

Inventory has held around 5-6 months for most of 2024 so far, with roughly 15% more active listings on the market in the metro area compared to August 2023.

But I always thought the point of wholesalers was to find newpeople, who weren't ever going to list on the MLS and to bring those properties to the marketplace, adding to the inventory.

Check with local builders they might have new inventory they want to move or turnkey rentals.

pid=2114Houston Real Estate Highlights in August, 2024:• Single-family home sales declined 8.3 percent year-over-year• Days on Market (DOM) for single-family homes went from 43 to 47 days• Total property sales were down 11.2 percent with 8,730 units sold• Total dollar volume declined 8.8 percent to $3.5 billion• The single-family median price was down 0.3 percent to $336,940• The single-family average price rose 0.9 percent to $421,912• Single-family home months of inventory registered a 4.5-months supply, up from 3.2 months last August• Townhome/condominium sales continued to decline, falling 16.7 percent, with the median price statistically flat at $226,000 and the average price declined 1.2 percent to $258,952.

I am originally from UK and after 6 years I now qualify for funding and I am wanting to house hack a multi family (seems like a cheat code as it isn't an option on a residential mortgage in the UK) but the issue i am finding is the low inventory in my area (6 listings within 20 mile radius of Danville VA) and nothing that i think i can make cashflow well / or seems like it would rent to a decent caliber of tenant.