And, over the last 4 years, approximately 42,200 new households have been added to the market, with another 17,500 households expected to form during 2019.

As stated in the title, I’m considering purchasing a turnkey beachfront studio within a condominium as one of my first rentals, and wanted to hear everyone’s opinions on the numbers.

The only thing I don't like about CallTools is that multiple phone numbers cannot be put on a contact so the chance of calling that same person or household multiple times is possible.  

I would make sure to interview any appraiser that you hire to confirm that they are experienced in condominium terminations.

New household formation and development not keeping up with natural demand increase over time?

They agreed to move out by the end of September but now the head of the household is hospitalized with covid and the other family member are sick with it.

This includes a look at household income, which should be greater than $40K, crime statistics, demographics, and school ratings.

Houston Real Estate Highlights in JuneSingle-family home sales rebounded from two consecutive monthly declines, jumping 15.7 percent year-over-year with 9,328 units sold;The Days on Market (DOM) figure for single-family homes grew from 50 to 56 days;Total property sales soared 18.3 percent with 11,153 units sold;Total dollar volume climbed 15.1 percent to $3.3 billion;Single-family home sales rebounded from two consecutive monthly declines, jumping 15.7 percent year-over-year with 9,328 units sold;The Days on Market (DOM) figure for single-family homes grew from 50 to 56 days;Total property sales soared 18.3 percent with 11,153 units sold;Total dollar volume climbed 15.1 percent to $3.3 billion;The single-family home median price set a new record high of $262,000 as it rose 3.6 percent year-over year;The single-family home average price declined 0.6 percent to $319,881;Single-family homes months of inventory was at a 3.2-months supply, down from 4.3 months last June and below the national inventory level of 4.8 months;Townhome/condominium sales reversed three monthly declines, rising 1.9 percent, with the average price down 5.4 percent to $212,216 and the median price down 1.8 percent to $174,350;Single-family home rentals jumped 15.3 percent with the average rent down 1.0 percent to $1,906;Volume of townhome/condominium leases was unchanged with the average rent up 7.9 percent to $1,731.

When compared to the last “normal” February, in 2020, sales volume increased 23.3 percent;-Days on Market (DOM) for single-family homes dropped from 48 to 41;-Total property sales rose 25.6 percent with 9,299 units sold;-Total dollar volume increased 43.5 percent to $3.5 billion;-The single-family average price rose 13.4 percent to $395,871, the highest of all time;-The single-family median price increased 19.3 percent to $328,000 – also a record;-Single-family home months of inventory registered a 1.3-months supply, down from 1.5 months year-over-year and below the national inventory of 1.6 months;-Townhome/condominium sales jumped 35.9 percent with the average price up 22.4 percent to $266,366 and the median price up 26.8 percent to $225,00 – both record highs;-Single-family home rentals rose 23.8 percent with the average rent up 6.5 percent to $2,052; -Townhome/condominium leases decreased 1.0 percent with the average rent up 7.9 percent to $1,767.

My residence does have an HOA and allows for rentals, but not sure if multiple tenants per household will fly?