pid=2096Houston Real Estate Highlights in June, 2024:-Single-family home sales declined 11.6 percent year-over-year;-Days on Market (DOM) for single-family homes went from 45 to 46 days;-Total property sales were down 13.6 percent with 9,133 units sold;-Total dollar volume declined 12.2 percent to $3.8 billion;-The single-family median price was statistically flat at $345,500;-The single-family average price was statistically flat at $432,090; -Single-family home months of inventory registered a 4.3-months supply, up from 3.0 months last June;-Townhome/condominium sales continued to decline, falling 19.9 percent, with the median price up 12.1 percent to $241,000 and the average price up 7.8 percent to $271,356.

That well has supplied water to my new property for 40+ years.

So logic dictates that eventually demand will exceed supply in greater numbers within the next few years and we might start seeing higher rent growth/appreciation again.However, I don't know that it means you should lose money every month in the hopes that eventually happen.

Simple law of supply and demand.

Demand outpaces supply in these areas. 

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Building permits, a leading indicator of future construction activity, were up by 1.5% to 1.80 million units.Rent costs rising over the past few years could finally be hitting the consumer's wallet in that they are becoming weaker and unable to afford higher rents.Also, looking at the housing starts data, new supply may be entering the market finally, causing prices to drop as consumers have more options. 

"North Carolina has increasing supply, so rents are falling today.  

I also see that if I were to invest in Park County, the best zip codes appear to be Wapiti followed by Ralston, however it appears few people live there, making supply scarce.

Put it in your lease, teach them how to change them, buy them a one-year supply (usually $20), and then hold them accountable.Your home did not cause this problem; your tenant did.