This year’s most popular areas are known for being fast-growing cities with plenty of new development, with healthy job growth in Florida and Texas in particular.

In 12 months your payment should drop $500/mo minus next year’s tax increase divided by 12. 

Investing is tough here because its popular and saturated, but there are still good investments to be made.

Purchase price: $720,000 Cash invested: $60,000 Househack/BRRRRR.Taking advantage of low 5% down Owner occupied conventional loan, then fixing up the units 1 or 2 at a time, raising the rents, and then refinancing to lower the monthly payment and increase cashflow. 1 full gut unit and others were more cosmetic turnovers.

You cannot just raise rents 50% Not sure what your cash reserves are or if you are planning to 1031 or something along those lines but I would rather see you keep cash in your pocket and apply it to a rehab that involves addition or updating kitchen/bath so you can see sizable jump in ARV and rent increases.   

I'm curious why your bank rate recently increased?

This limited inventory will likely continue to drive up prices.Sales - Median $/SF by MonthThe $/SF had a robust increase MoM.

PITI increases. 

The residential lease market in Washington, DC, from January 2024 to January 2025 has experienced some changes:Units Listed: The number of units listed decreased by 78, a 15.92% decrease, from 490 to 412.Listed Median Price: The listed median price increased by $175, a 6.19% increase, from $2,825 to $3,000.Units Leased: The number of units leased decreased by 58, a 19.86% decrease, from 292 to 234.Sold Median Price: The sold median price increased by $100, a 3.51% increase, from $2,850 to $2,950.Summary: A decrease in units listed and leased indicates a reduction in supply and demand year over year.

Upon searching the popular areas my graduate friends suggested (Uptown, The Village, Greenville), I have determined there is no way I can justify renting a property in that range.Funny enough, I am currently living out of a 2 bedroom condo north of Dallas (short term air bnb) for my internship with one of my college friends (we split rent).