January 2016 Houston Housing StatsHouston Real Estate Highlights in January Single-family home sales declined 2.1 percent compared to January, marking the fourth consecutive monthly decline;Total property sales were unchanged at 4,965 units;Total dollar volume was statistically flat at $1.2 billion;At 262,663, the single-family home average price reached its highest level ever for a January;At $200,000, the single-family home median price also achieved a January high;Single-family homes months of inventory climbed to a 3.3-months supply versus 2.5 months a year earlier;Townhomes/condominium sales rose 15.6 percent with the average price unchanged at $183,076 and the median price up 2.4 percent to $140,000;Leases of single-family homes rose 2.8 percent with rents up 4.2 percent at $1,742;Leases of townhomes/condominiums climbed 12.2 percent with rents up fractionally to $1,568.

An interest-only loan is a loan in which, for a set term, the borrower pays only the interest on the principal balance, with the principal balance unchanged.

So after 6 years your 9.2 properties are still worth only $368,000 and rents that are unchanged but you have collected and paid taxes on more rent at the start.  

The number of new listings in the Philadelphia Metro was down 12.9% compared to last October, while sales activity saw a 5.9% monthly decline.Median Sales Price: $304,000 in October 2021, a 9.0% increase over October 2020Overall Sales: 7,834 homes sold in Metro area, down 12.8% from October 2020Median Days on Market: 11, +1 day from SeptemberBuyer demand for homes in the Philadelphia Metro market area was unchanged in October.

Builder sentiment in the single-family housing market was unchanged at 83 in May, according to the NAHB/Wells Fargo Housing Market Index.

The street-facing side of each block remains largely unchanged, a row of ordinary homes.

The Index fell by less than two percent over the month, to a reading of 139, and was virtually unchanged from the year before.

Hello Everyone,My name is Chris and I have been bit by the REI bug.I am located outside of Boston, MA and am looking to build a solid foundation for becoming a real estate investor.Interested in long term rentals (unless the time calls to sell) outside of Boston, preferably.Have done a bit of research on condos, single families and multi families.Goal is to buy cheaper properties that need a little bit of work and then put them up for rent to collect the little bit of cash flow.More recently I have had my eye on New Bedford, MA, although I am not sure the future looks too bright for that town, as it has remained unchanged for many years.I think I just like the number of cheaper multi family homes that are available right now.Looking forward to hearing from you all.Chris

The supply of these properties is relatively unchanged--maybe even down, due to the hot single-family sales market--so rent for this asset type has gone through the roof in 2021."

Meanwhile, rents for the city’s most affordable Class C and Class D multifamily units remain largely unchanged.