Zillow's October 2026 market report put the Columbus Observed Rent Index at $1,523, flat on the month and up 2.7% year over year. Columbus home values sat around $326,915 (+1.0% YoY), and Zillow's sales nowcast for the metro was down 12.3% YoY with inventory up 7.1% YoY. Nationwide, 40.4% of rent...
Sharing some numbers from this week for anyone active in San Antonio: - NAR's Q3 Commercial Real Estate Demand Index moved San Antonio from 76th to 9th of 306 metros, driven largely by industrial job growth. - Local rents are down 3.8% year over year, median around $1,140, the largest decline amo...
When I got licensed in 2013, the Louisville MLS had somewhere around 1,800 to 2,200 homes for sale on any given day. Over the weekend it briefly topped 4,700. That number by itself isn't a crash. Here's what's underneath it. Jefferson County, single-family, straight from the MLS, September (the l...
Mortgage rates have improved meaningfully over the past month. Mortgage News Daily’s 30-year benchmark fell from 7.61% in early October to 7.17% Thursday. Today’s strong jobs report created some pressure, but so far the bond market has held up better than you might expect. And remember: the rates...
I pulled CRMLS data comparing 2–4 unit sales in North Hollywood from January through early September 2025 and 2026. A few things stood out: Closed sales fell from 32 to 17 (−47%). Median sale price declined from $1.219M to $1.075M (−12%). Median price per unit dropped about 8%. Median days on mar...
Quick read on where things stand going into Fed week, because the bond market moved more last week than the Fed is likely to move this week. Thursday's rally pulled the 10-year Treasury down to 4.96% from 5.13% the day before. By Friday's close it was back near 5.00%, and Mortgage News Daily's 30...
The state line is the whole story in Kansas City. At DSCR 1.25 with 20% down, the bar most investors I talk to want, 246 of the 5,615 homes for sale I could price across the metro clear it today (Nov 6, 8,468 listed). That's about 1 in 23, the best ratio of any market I've posted at this bar. 243...
Detroit gets talked about like it's one market, and anyone who buys here knows it isn't — it's 205 neighborhoods, and the numbers change street by street. I got tired of ZIP-code-level stats hiding that. A ZIP like 48224 covers Morningside (median around $145K on recent sales) and areas selling a...
𝐓𝐡𝐞 𝐡𝐨𝐮𝐬𝐢𝐧𝐠 𝐦𝐚𝐫𝐤𝐞𝐭 𝐢𝐬 𝐞𝐱𝐩𝐞𝐫𝐢𝐞𝐧𝐜𝐢𝐧𝐠 𝐚 𝐦𝐚𝐣𝐨𝐫 𝐬𝐡𝐢𝐟𝐭, 𝐛𝐮𝐭 𝐢𝐭'𝐬 𝐧𝐨𝐭 𝐡𝐚𝐩𝐩𝐞𝐧𝐢𝐧𝐠 𝐞𝐪𝐮𝐚𝐥𝐥𝐲. Headlines were pounding the idea, and still are, that there is a housing shortage. Take a look at what's happened to housing inventory since October 2019. Some of the country's largest real estate markets have now m...
September changed the picture somewhat for the Austin-area housing market. Pending contracts fell below last year's levels for the first time in 2026, while new listings increased. Prices, meanwhile, remained fairly stable. Here's the September snapshot for the 5-county Austin metro: Closed sales...
I asked Theresa Quartaro, a Qualified Intermediary at IPX1031 in Houston, which 1031 timing mistakes cost investors the most. Her answers, in short: The 180 days are hard calendar days. You get 45 days to identify the replacement and 135 more to close, with very strict timelines. You can find the...
A lot of small commercial investors (office, retail, warehouse, self-storage, auto service) are on five- or seven-year bank notes with a balloon. The loan works until it comes due in a bad year. The alternative more owners are using is 30-year fixed debt with no balloon. It's available on purchas...
A question I get a lot: can I refinance a commercial property into long-term debt after a recent credit event? Some 30-year fixed, no-balloon commercial programs have no minimum credit score, and for recent credit events there's a lower-leverage option around 50% LTV. They cover office, retail, w...
Residential assisted living is one of the hardest small properties to finance. DSCR lenders see an operating business and pass. Commercial desks see a $400,000 house and pass. There are now 30-year fixed programs with no balloon built for 1-4 unit assisted living homes, with a 10-year interest-on...
If you bought or repositioned a 5+ unit or mixed-use property on bridge debt, the usual exit is a 30-year fixed loan with no balloon. Programs I'm seeing go from about $100,000, up to 75% LTV on purchases (70% for first-time investors), and some have no minimum credit score. The piece that slows ...
Bonds moved fast on the election results overnight. Mortgages haven't, at least not yet. With Democrats projected to take both chambers, the 10-year Treasury dropped to roughly 4.90%. It was 4.91% Monday and 5.05% on October 28. The bond market's read is fiscal, not political: a split government ...
Quick read on the week for anyone underwriting a flip or a rental right now. October was a decent month for rates. The 10-year Treasury closed the 30th at 4.94%, down from 5.28% on the 2nd, and Freddie Mac's 30-year average is at 7.24% after two straight weekly drops. This week gives that four ch...
On Wednesday I said the bond rally hadn't reached borrowers yet. By Thursday it had. Mortgage News Daily's 30-year index went from 7.30% on Tuesday to 7.22% Wednesday and 7.17% Thursday. Freddie Mac's weekly average came in at 7.18%, down from 7.24%, its third drop in a row. The 10-year closed We...
Hi everyone! I’m starting to invest in the Milwaukee area, but I don’t live in the U.S. yet. I’d love to get your recommendations on good neighborhoods to start with, and whether it’s better to focus on the north side or the south side of the city. Thanks in advance for any advice!
We confirmed 120 mobile home parks across the Milwaukee area. 11 individual priority parks with 960 lots between them 8 of those 11 had no website we could find 8 of those 11 had recorded sale dates from 2007 or earlier 3 more parks with 286 lots under one owner Back when I was calling off random...
Fear is mostly a story about something you don't fully understand yet. The more you understand it, the less it can do to you. That's true of a dark bridge, it's true of a basement, and it's true of this housing market. Here are the numbers that might make you want to run. All single-family homes ...
I don’t invest in Jacksonville (I’m in the Triangle and Huntsville), but my team tracks the market, and the numbers as of Nov 2 seemed worth sharing. I’d like to hear whether locals see the same thing. Rentals: no ZIP covers the note at 7.24% That rate was about the national 30-year average in la...
At the lender's floor, the Springfield metro looks easy: 367 of the 1,411 homes for sale I could price cover the full payment at 20% down, about 1 in 4. Raise the bar to DSCR 1.25, which is what most investors I talk to want, and it drops to 39, about 1 in 36. Today's numbers (Nov 5), 1,978 liste...
𝐓𝐇𝐄 𝐔.𝐒. 𝐌𝐎𝐑𝐓𝐆𝐀𝐆𝐄 𝐌𝐀𝐑𝐊𝐄𝐓 𝐈𝐒 𝐈𝐍 𝐈𝐓𝐒 𝐃𝐄𝐄𝐏𝐄𝐒𝐓 𝐑𝐄𝐂𝐄𝐒𝐒𝐈𝐎𝐍 𝐎𝐍 𝐑𝐄𝐂𝐎𝐑𝐃 And the numbers are ugly. According to the Mortgage Bankers Association, purchase mortgage applications have fallen to just 131.4 For perspective: 47% below the 2018–2019 pre-pandemic norm 19% below the same time last year Even lower ...
Each week I run all 1–4 unit homes for sale in the city of Indianapolis through one test: would a 12-month lease cover principal, interest, taxes, insurance and HOA? That's DSCR 1.0, the test a DSCR lender uses. Today's list (Oct 29): - 20% down: 849 homes pass - 25% down: 1,184 pass - 30% down: ...