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9 December 2021 | 0 replies
Houston Real Estate Highlights in NovemberSingle-family home sales rebounded from a slight decline in October, rising 3.9 percent with 8,320 units sold versus 8,010 in October 2020;Days on Market (DOM) for single-family homes dropped from 46 to 35;Total property sales rose 5.6 percent with 10,216 units sold;Total dollar volume increased 20.6 percent to $3.7 billion;The single-family average price rose 12.6 percent to $383,807; The single-family median price increased 16.3 percent to $314,000 – an all-time high first reached in June of 2021; Single-family home months of inventory registered a 1.6-months supply, down from 2.1 months year-over-year and below the national inventory of 2.4 months;On a year-to-date basis, single-family homes sales are 12.0 percent ahead of 2020’s record pace and 22.2 percent ahead of 2019.Townhome/condominium sales rose 16.8 percent with the average price up 16.0 percent to $258,970 and the median price up 10.5 percent to $210,000;Single-family home rentals rose 7.1 percent with the average rent up 8.5 percent to $2,042; Townhome/condominium leases increased 5.1 percent with the average rent up 3.8 percent to $1,737.Source HAR
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10 December 2021 | 3 replies
I am struggling to find reliable websites that have up to date, current listings.
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10 December 2021 | 7 replies
Then go find the dated deal that fits that criteria, fix it and flip to them.
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1 January 2022 | 6 replies
I called this week to set up date for carpet cleaner to do the unit
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12 December 2021 | 7 replies
My plan was to go up by approx 10% and then tweak further according to the busy dates we saw in 2020 and 2021.I'm personally confident that STRs will continue to be on the uptick in years to come as I see them still as a relatively undiscovered phenomena.
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10 December 2021 | 3 replies
Well, I went down the list on The Internet Machine and The Google for every local bank in my area offering HELOCS for my rentals (I already have one on my Primary) Anyone have any luck with any other banks out there?
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3 January 2022 | 3 replies
The VA lender handbook adds more than 60days may be considered reasonable if both the following conditions are met:1. theveteran certifies that he or she will personally occupy the property as his orher home at a specific date after loan closing, and2. thereis a particular future event that will make it possible for the veteran topersonally occupy the property as his or her home on a specific future date.Can anyone vouch that tenants in place on prior leases and "a particular future event" being the date in which their lease ends would meet these criteria?
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3 January 2022 | 1 reply
Property was well-maintained by a long term owner (35 years) but it is "dated".
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3 January 2022 | 3 replies
I've worked with lenders for Cash-out and I couldn't pull enough from the two.I'm working with several APLenders and a few are trying to make it work with my Construction Company and/or personal but it's real close and the closing date is creeping.
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4 January 2022 | 29 replies
Why not have her give you a bunch of post dated cheques?