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.

I'm John Laseter from Dothan,Alabama. passionate about real estate investing for the last six months.

i certainly want my long term rentals to be 'worth' more and to appreciate over time, but i worry much more about what they can rent for. 

Why do you think purchase contracts are so long and have such small print?

We're considering selling the property due to challenges of long-distance management.We're still interested on investing out of state and plan to gradually scale our investments over the next few years, focusing on areas close to Illinois, like Wisconsin or Indiana.Any suggestions on how to approach selling our multifamily property and buying in Wisconsin or Indiana in the current market would be greatly appreciated.

If you only knew… How long it took me to achieve this (10 years+) and how much work it was… Quite frankly, you wouldn’t be impressed.

The weakest was in the Southeast (39) and Southwest (34).Mortgage MarketAverage 30-year mortgage rates have ranged between 7.00–7.15% for the last few weeks.

Thirty years ago, it cost me $600 in labor and parts to replace a 50-gallon hot water tank, currently $1,500 and often they only last 6 to 8 years. 

A medium-term rental is any rental of 30 days or longer and is treated the exact same as a long-term rental.

She normally pays rent on time except for the last couple of months when she paid a few days late with late fees.