Sharing some data for anyone analyzing Detroit. Source: Realcomp statistics. Trailing 12 months (Dec 2025–Nov 2026) vs the prior 12 (Dec 2024–Nov 2025). Per-ZIP figures are Residential only; citywide includes multifamily. Citywide: 5,653 closed (vs 6,599 prior), median $80,000 (vs $83,000, −3.6%)...
For someone who is looking to sell property in Phoenix, is the city and surrounding area in a sellers or buyers market currently? Do buyers have more negotiating power due to the holiday season coming and the market slowing down?
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!
In Houston, the homes that cover their payment are spread across the whole city rather than bunched into a few ZIPs. Each week I run every 1–4 unit home for sale in the city of Houston through one test: would a 12-month lease cover principal, interest, taxes, insurance and HOA? That's DSCR 1.0, t...
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...
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: ...
Each week I run all 1–4 unit homes for sale in the North Port–Bradenton–Sarasota metro 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. This week's list (Oct 27): - 20% down: 134 homes pass - 25% down: 257 ...
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 ...
A lot of flip analysis stops at buy price vs. sale price. My team maintains a dataset of recorded sales across the NC Triangle, so we checked how that view holds up once rehab is counted. Step 1: Score the house against its ZIP Divide the asking $/sqft by the median sold $/sqft in that ZIP. For e...
Here's an October snapshot of 13 zip codes that fall wholly or partly in Leavenworth County, Kansas. I pulled these from the MLS. Numbers are represented as: Average price | Average days on market | Close to list price ratio | New listings for the month. 66002 - $226,306 | 56 days | 96.7% | 16 66...
Here's an October snapshot of 13 zip codes that fall wholly or partly in Wyandotte County, Kansas. I pulled these from the MLS. Numbers are represented as: Average price | Average days on market | Close to list price ratio | New listings for the month. 66012 - $365,967 | 134 days | 98.6% | 9 6610...
Orange County had 7,454 apartment units under construction in Q3 2026, up 6.8% from a year earlier, and developers delivered 3,352 units through Q3, more than double the 1,375 in the same period of 2025. The largest projects are in Irvine: Promenade Village (585 units, expected Q4 2026) and Disco...
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 ...
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...
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 ...
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...
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...
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...
Rhode Island's September numbers show exactly who flinched when rates crossed 7% — and who didn't. Per the Rhode Island Association of REALTORS (released Oct 19): single-family sales fell 11.7% year over year and pending sales fell 14.8%, a drop the association noted was almost triple the Northea...
New Hampshire just posted a number I can't stop thinking about: an affordability index of 51. Per New Hampshire REALTORS September 2026 Monthly Indicators, the median single-family price rose 6.5% to $569,900, and the affordability index fell to 51 — the lowest in more than 20 years. That means t...
September split Massachusetts in two, and the split was by property type. Per the Massachusetts Association of REALTORS September data: single-family closed sales climbed 4.8% year over year and the median rose 2.4% to $670,000. Condos went the other way — closed sales fell 6.4% and the median st...
Quick note for owners holding rentals in Orange County. Under California Civil Code 1950.5(g), as amended by AB 2801 (source: California Legislative Information, leginfo.legislature.ca.gov), landlords must photograph the unit at or right before move-in for any tenancy that began on or after July ...
The Constraint Has Moved For most (really all) of my professional career, the question that decided whether a deal happened was whether capital would show up and at what price. However, that is no longer the primary binding constraint. Capital may not be as attainable with higher rates, but it is...
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...