This seems to be the trend with STRs in most major metro areas across the country.Everything in New Orleans is in a flood zone.

To the extent that the online estimators are "off", they are consistently... so you can use all of them over time and average their results to at least track trend and approximate value. 

Strong trends still going

My goal is to continue this trend of buying claiming residency, fix up, get a roommate, save up and buy more condos with little down and rent out the previous condo.

Then I would contact an agent in that area and get in touch with other investors within that area, ask them who they're property management company is, what the market trends are, etc.

Hey guys wanted to share a cool free tool for all of you DIY marketers thats pretty good(and usually something you have to pay for):https://neilpatel.com/ubersuggest/and https://trends.google.com/trends/?

Hi all,Here is some statistical data from MLS for 2018. First table is for multifamily properties. Second table is for singles. The graph is a total data between all sold properties. Hope this info maybe useful.MFSFRO...

Population growth - trending up is goodIncome growth (or converse is the unemployment rate)- trending up is good (income); trending down is good (unemployment rate)Building permit filings - compare it with market absorption - if more permits are being filed but the market is not absorbing it, it could indicate a market is being overbuilt so not good to invest thereForeclosure filings - this is a leading indicator of price decline (if there's a huge uptick with this metric I will be worried)How real estate developer friendly is the city - so watch press releases from local goverments or call them to find out their 5-year development plan

I see a trend.

I've been watching the housing market for awhile with an eye to purchase a primary residence, but it seems like we're starting to trend into a buyers market... lots of inventory stacking and price reductions abounding... any thoughts or suggestions?