Cory King
November East TN Market in a Minute
18 November 2024 | 0 replies
Market in a MinuteEast Tennessee home sales decreased 7.8% from the previous month, and decreased 1.0% from a year ago.The median sale price was $371,250 — up 9.19% from the previous year.Total housing inventory increased from the previous year – up 38.3% from a year ago.Half of the homes sold were under contract in 20 days or less, up from 11 days a year ago.40.55% of homes sold for the asking price or above, with 18.77% selling for more than the asking price. 8.04% sold for at least $10,000 over asking and 2.88% sold for at least $25,000 over asking price.The sale-to-list price ratio decreased from last month to 97.5% – down from 97.9% a year ago.New construction represented 12.36% of total home salesData Deep Dive: How's the market?
Thomas Loyola
Are my assumptions reasonable?
26 November 2024 | 5 replies
If we are analyzing a turnkey property, is it reasonable to decrease the repairs and capex to like 5% each?
Jay Orchid
What would you do? Potential to HELOC on one of 4 rentals to expand portfolio.
28 November 2024 | 3 replies
Since HELOCs have a variable rate, you’re banking on rates staying the same or decreasing.
Jack Gardner
2 Bedroom / 1 Bath Rent Prices in Northeast Minneapolis
26 November 2024 | 1 reply
Expectations for increases or decreases in the future?
Adam Bartomeo
Cape Coral / Ft. Myers / SWFL Market Update Nov 2024
26 November 2024 | 3 replies
Below is the factual data.Rental Inventory & Median Rental Prices (The data is for Ft Myers and Cape Coral)As stated in previous updates throughout the year, we were expecting an increase in inventory and a decrease in rental pricing.
Martin Hernandez
How do RIETS work?
19 November 2024 | 1 reply
However, the price fluctuates like stocks, so you may sell for more or less than your purchase price.REIT share prices can increase or decrease based on market demand, real estate trends, and the REIT’s performance.
Leslie Daniely
First Property As A MTR-Quadplex
17 November 2024 | 16 replies
The population in Macon has been decreasing since before I was a kid, 40+ years ago.
Marie Thomas
Qualified Opportunity Zones (QOZ) - Commercial Real Estate Investing
26 November 2024 | 1 reply
Here is what I've gathered thus far:"In exchange for their investments, Opportunity Zone Fund investors may be able to decrease their federal tax burden through the preferential treatment of capital gains — in three key ways.
Nathan Gesner
Are rents dropping in your market? You are not alone.
28 November 2024 | 26 replies
Within each MSA there are pockets of increases and decreases, which are counter to the overall growth or decline.
Gerald Wallace
Investing for equity
29 November 2024 | 1 reply
I would love to keep it as a rental but at this time I think it would take too long for the rent values to increase enough to make sense Worst case scenario is I have to hold the home for an extended period if the market decreases short term.