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12 October 2022 | 26 replies
My PMC tells me the market is slow for 1 due to the time of year and 2 because their market had a big shift this last spring and summer.
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11 October 2022 | 9 replies
Need to look at true comps within last 45-90 days, and/or discount older comps relative to market shifts.
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12 October 2022 | 5 replies
I'm waiting on the latest report to send to me.The market has already shifted from May to now.
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12 October 2022 | 9 replies
An experienced investor with 50 properties and systems/employees to streamline it has different ideas of what a good deal is vs. a part-time investor with a full-time job looking at their first purchase.
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13 October 2022 | 20 replies
The market is shifting to a buyers market with raising interest rates and properties sitting longer.
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12 October 2022 | 5 replies
Yes, if you're that person who bought the $730k median home in May and needs to sell now for some reason, you're definitely unhappy with how the market has shifted and probably not selling for $730k.
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14 October 2022 | 9 replies
Now is a good time to buy too as it’s shifted away from being a sellers market.
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3 November 2022 | 23 replies
Quote from @Bob Willis: All I know is that in the summer of 2021 I couldn't find an HVAC guy to answer my calls or give a reasonable response time - now they show up the next day.This is exactly my point, although I have not noticed a shift in my market yet.
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3 November 2022 | 6 replies
Unfortunately, I have recurring conflicts with both of those times, so I’d be curious for your opinion on, assuming I make an effort to shift my schedule around one week, which one you would recommend I try to prioritize getting to (understanding that just attending a single meeting is very limited value to regular attendance).
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3 November 2022 | 16 replies
Don’t get stuck on sideline too long – likely will be a 10-15% reduction, not a 50% reduction like 08-09Reasons why:Total market leverage was just 42% of mortgaged homes’ values — the lowest number on record.Wall Street has shifted from debt to equity in real estate and have thousands of homes fully paid for that they will sit on - huge ballast to home pricesLast 5+ years investors have had to put down 20%+ down payments and have a lot of skin in the game with current portfolio- not willing to walk away from thatAll of those loans are at 3-5% and only those who truly HAVE to sell will - everyone else will just waitHistoric lows in mortgage balances overdue, with loans 90 days past due pegged at just 0.5%.