9 April 2020 | 2 replies
That being said, I think the disruption on the supply side could take longer to restore, which could negatively impact everything, particularly if the outbreak is not contained evenly across the world.
8 April 2020 | 0 replies
pid=1714Houston Real Estate Highlights in March:-Single-family home sales rose 8.2 percent year-over-year, with 7,566 units sold, marking the ninth consecutive month of positive sales;-The Days on Market (DOM) figure for single-family homes was unchanged at 65 days;-Total property sales rose 6.9 percent, with 8,965 units sold;-Total dollar volume jumped 11.0 percent to more than $2.6 billion;-The single-family home median price rose 4.1 percent to $249,900, reaching a March high;-The single-family home average price climbed 3.8 percent to a March high of $309,785;Single-family homes months of inventory was at a 3.5-months supply, down from 3.8 months last March but above the national inventory level of 3.1 months;-Townhome/condominium sales declined 0.5 percent, with the average price up 6.0 percent to $224,038 and the median price up 4.6 percent to $183,000;-Lease properties experienced a mixed performance, as single-family home rentals increased 1.2 percent with the average rent up 2.4 percent to $1,788;-Volume of townhome/condominium leases fell 9.7 percent with the average rent up 4.2 percent to $1,604.
17 May 2020 | 2 replies
Take measurements of all rooms and consider a basic floor mapping tool so tenants can gauge how well/if their furniture will fit before booking a viewing.
9 April 2020 | 2 replies
It's been appraised at 80K and my wife and I are wanting to use the money to purchase a multi-family residence.I've been on bigger pockets for a while and listen to a lot of the podcasts, so while we're searching for multi-family properties I've been using property analysis spreadsheet supplied by the biggerpockets community.We're working with a realtor on available multi-family properties in our area and now my wife and I are getting nervous.
8 April 2020 | 0 replies
We are down to 1.76 months of supply or -29.7% less listings than last year, for all residential properties in the market.Here are the March, 2020 Average price sold and % of increase by area.
24 April 2020 | 1 reply
Single-family home sales rose 8.2 percent year-over-year, with 7,566 units sold, marking the ninth consecutive month of positive sales;The Days on Market (DOM) figure for single-family homes was unchanged at 65 days;Total property sales rose 6.9 percent, with 8,965 units sold;Total dollar volume jumped 11.0 percent to more than $2.6 billion;The single-family home median price rose 4.1 percent to $249,900, reaching a March high;The single-family home average price climbed 3.8 percent to a March high of $309,785;Single-family homes months of inventory was at a 3.5-months supply, down from 3.8 months last March but above the national inventory level of 3.1 months;Townhome/condominium sales declined 0.5 percent, with the average price up 6.0 percent to $224,038 and the median price up 4.6 percent to $183,000;Lease properties experienced a mixed performance, as single-family home rentals increased 1.2 percent with the average rent up 2.4 percent to $1,788;Volume of townhome/condominium leases fell 9.7 percent with the average rent up 4.2 percent to $1,604.
10 April 2020 | 24 replies
With that said, below are some metrics I would focus on:Population GrowthJob GrowthMedian Household Income GrowthHousehold FormationJob DiversityNo New Supply Imbalances relative to current inventoryIn general, the Midwest is recognized as a strong cash flow market (but it is NOT risk free) with good deals in Ohio, Indiana, Missouri, Minnesota, etc.
3 November 2020 | 12 replies
During this pandemic, it will become more apparent that the affordable housing supply has been shrinking and the demand is growing.
10 April 2020 | 10 replies
Most military families like to ship their household goods (furniture, car, belongings, etc.) out 1-3 weeks earlier, depending on how far they are moving, so that they arrive around the same time as their household goods.
17 April 2020 | 18 replies
Are you buying it turn key, all furniture.