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18 June 2024 | 0 replies
The education and health services sector alone added 23,800 jobs in the past year, reflecting a significant expansion in these industries, particularly in healthcare and social assistance.Proximity to Major Employment Centers: Greater Heights offers convenient access to key employment hubs such as downtown Houston and the Galleria area, which are major attractors for residents due to the short commute and abundant job opportunities.Education: Nearby institutions like University of Houston and Rice University contribute to the area's appeal.Infrastructure Projects: Ongoing developments like the East Blocks Redevelopment and BioHub II at Generation Park enhance local amenities and attractiveness.Investment InsightsGreater Heights Rental Market Trends:Single-Family House Rentals:Median Rent: $1,350 for 1 bedroom, $2,695 for 2 bedrooms, $3,250 for 3 bedrooms, and $6,100 for 4+ bedrooms.Stability in rent prices with modest YoY increases: 2 bedroom rents increased by $195, and 3 bedroom rents by $250.Median Sold Price YoY ComparisonApartment Rentals:1 bedroom apartments saw a YoY increase of $305, 2 bedroom apartments by $667, indicating strong demand for these unit types.Available Rentals:High availability of both house and apartment rentals, indicating a robust market that can support new rental investments.Sales Market Trends:Median Sale Prices:Significant appreciation in home values, particularly in 1-bedroom homes, which saw a 190.7% increase from $215K to $625K.Other bedroom counts also showed positive appreciation, e.g., 2 bedrooms (5.3%), 3 bedrooms (6.5%), 4 bedrooms (17.4%).Market Activity:Increased number of homes for sale and sold, suggesting a dynamic and active real estate market.
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16 June 2024 | 5 replies
Brand new construction with traditional boveda ceilings, professionally designed and decorated, 100% turnkey for second home or Airbnb. 25 minute walk to the historic center and in gated community. $200,000 USDDid you sell this already?
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18 June 2024 | 14 replies
Memphis is a major transportation and logistics hub, home to FedEx’s global headquarters and a key center for shipping and distribution.
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18 June 2024 | 0 replies
Since this chart is harder to boil down to a single expectation number like the previously discussed reporting metrics, this rarer release can affect yields, as it provides an infrequent insight into the longer-term rate outlook from Federal Reserve officials.University of Michigan SurveyAs inflation has taken center stage in the last few years in the United States, formerly minor surveys and data releases have increased in importance and their effect on Federal Reserve rate thinking and, thus, mortgage rates.
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17 June 2024 | 36 replies
Usually found within a niche - like industrial property reuse outside of Pittsburgh, or shopping center conversion to self storage.
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18 June 2024 | 56 replies
Lending is better when you already established your equity.3) unfavorable tax treatment compared to rental income
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15 June 2024 | 11 replies
The condo doesn't have an elevator, but the other amenities are listed below:Amenities included: Common Grounds, Fitness Center, Gated, Reserved/Assigned ParkingServices included: Common Area Maintenance, Maintenance Structure, Insurance, Management, Pool(s), Recreation Facility, Reserve Funds, Snow Removal, Trash, Water, High Speed InternetThanks in advance for any advice!
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15 June 2024 | 15 replies
East English Village- Along Detroit's East side bordered by one of the more affluent townships which is Grosse pointe University Detroit- Near the University of Detroit Jefferson Chalmers- Along the Riverfront New Center- Which is another midtown neighborhood which shares space with the Henry Ford Medical CampusMy group happens to be closing out projects in 4 of the 5 of these neighborhoods2.
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14 June 2024 | 6 replies
With the Notre Dame campus in addition to Amazon's $11 Billion Data center project, and Microsoft coming to town the area is poised for some serious growth over the next 5 years.
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13 June 2024 | 7 replies
There's a variety of ways to get a deal in front of you (I'm mostly a flipper), but basically if it looks promising, I run custom comps queries and check the current & past $/sf of renovated/distressed product in that city or zipcode.Here's a chart on 90066 I generated from my tool under Market Stats > Sales Data > Specific Zip Code:- My above chart (more available) shows the Avg Renovated $/sf (High) over time in this Zip Code, something completely different than charts/providers based on Averages/Medians only, like every other platform (RedFin Below, https://www.redfin.com/news/data-center/):- Can't select smaller locations such as City or Zipcode for their $/sf data, so it's useless helping me underwrite/verify a deal.- Can set Zip Code for Median Sale Price data, but again it's the median/avg so it's useless helping me underwrite/verify a deal.Then if that looks decent, I'll run Sales Comps, and get a quick summary of some key metrics based on those comps.