Historical appreciation. ( this is least important and is usually reflective of population and job growth)Property tax assessment and optional tax assessments ( historically has your market voted to increase property taxes?)

Simply put, all across the province, populations are rising faster than building can keep up. 

The huge upside to this property is there's a flat plot of land big enough to put another house on it in the back...Property 2: It's in a better neighborhood, a well populated area with well kept streets and homes.

Its a spreadsheet that lists all incorporated places in MA with populations over 10k.

Some of the metrics that the survey provides and that I find valuable to understand are:- Population Total- Population Age - Home Values- Household Incomes- Rental Vacancy Rate- Homeowner Vacancy Rate- Poverty Rate- Educational Attainment Rate (High School/GED & Bachelors)- Number of Housing Unit- Rent to Income Ratio- Rent to Price Ratio- Population on SNAPS (supplemental nutrition assistance program) percentage- Property Tax Rate- Median Age of Buildings- Number of Structures by Units (SFR, Duplex, Triplex, Quadplex, etc...)- Median Rents by Number of Bedrooms- Unemployment Rate- Employment Sectors Percentages- Number of Building Permits Issued- Foreclosure Rate- School Ratings- Crime Statistics Also take into consideration the direction in which each of these market indicators are trending.

St.Charles still has a very thriving influx of new population. 

Median income: $36,343Median housing price: $84,300Housing appreciation: Past 12 months: -10.1%Past 5 years: 36.2%Past 10 years: 23.7%Renters make up 20% of population Rental vacancy: 2.7%Unemployment rate: 3.4%Recent job growth: -0.69%Future job growth: 22.6% (national avg is 33.51%)Population by occupation:Manufacturing makes up 30.3% of jobs in this area Healthcare and social assistance make up 21.6%Everything else is less than 5%Purchase price: $13kRehab cost: $13kEst ARV: $45kTents: $600-$650COC return on rental after expenses using $600 rents (taxes, insurance, 10% cap ex, maintenance, PM, 10% vacancy) 10.6%

Lack of tourism = less jobs = population regression. 

We have to rise above and consistently combat misinformation and sometimes “disinformation”, which is deliberately spread to influence someone’s opinion or decision.Overview of Single Family Housing• Current conditions in the single family market are the polar opposite of 2007-2011 • No signs of oversupply of housing• Signs of strong pent-up purchase demand- also PHX-Mesa-Scottsdale area is consistent top 5 for job and population growth• With rising interest rates, affordability does become more of an issue BUT housing in AZ remains very affordable…(a 1% rise in rates lowers buyer housing affordability by 7%-a $275K purchase lowers to $256K)• While the housing market will be under pressure over the near term, the outlook over the next 5 years is excellentIf you have any questions on the Arizona Market - Please reach out!

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