Here are some key highlights from the report, which compares January 2025 with January 2024:The median sales price for the greater Austin metro fell 4.7% to $409,765, while the City of Austin saw a 4.7% increase to $553,465.Total sales in the metro rose 1.1%, whereas the city saw a 4% decrease in closed sales, demonstrating continued demand in spite of economic challenges.Pending sales under contract dropped 7.5% in the metro and 1.4% in the City of Austin, suggesting a slight decrease in demand at the start of 2025.Listing inventory increased 16.5% in the metro and 15.5% in the City of Austin, resulting in 5.6 months of available housing inventory in the metro and 6.2 months in the city, approximately one month more than in January 2024.According to the Texas A&M Real Estate Center, a balanced real estate market has around 6.5 months of inventory.

Quote from @Rose White: When is the best time to ask your new / possible future tenant for a background check?

It's not a sound way of doing business, especially if you hire some random VA to call for you in an area they know nothing about.Agents should always be building their sphere and creating warm inbound marketing from social media, events, and meetups instead of doing spray and pray.

Washington, DC Real Estate Market Update: January 2025📊 Market Trends:New Listings: Increased by 135 units (14.49%) compared to January 2024.Listed Median Price: Rose by $25,000 (4%) to $650,000.Units Sold: Went up by 87 units (23.58%) from last year.Sold Median Price: Decreased by $54,000 (8.93%) to $551,000.🏠 Mortgage Rates:January 2025: 30-Year FRM: 6.93%, 15-Year FRM: 6.14%January 2024: 30-Year FRM: 6.62%, 15-Year FRM: 5.89%Summary: The increase in new listings indicates a rise in supply year-over-year.

Am I looking at this with rose colored glasses? 

The number of unsold homes in the Sunshine State rose almost 23 percent year-over-year in January, according to new data from Redfin.There were 172,209 homes for sale in Floridaat the end of January, the highest inventory of any month on record.

I would highly recommend the "Guns N Roses Method." 

Yes. build to rent in urban core adjacent neighborhoods. traditionally in our market in Columbus Ohio existing inventory was good 2014-2020. as prices rose, the cost to build started to match existing inventory prices because of supply shortage, especially for 2-4 multiunit dwellings. around that time we started to look at new construction and land. we found that land is a 12 month or more supply in our market which makes it a buyers market and you can design any structure you want in new construction. if you like a layout or floorplan all you have to do is design it. after that we looked at the right unit mix and Floorplans and layouts. we started looking at high rent per square foot layouts that were better than single family.

Investing is not all roses and chocolates.

i found in my build projects that started just before and continued through the pandemic prices rose. everything but lumber became sticky IE they rose but did not fall..