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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...
I ran the same buy-and-hold screen I did for Cleveland and Toledo on every active Birmingham-area listing from $60k to $600k, pulled Oct 23. That's 1,650 listings. The assumption I trust least is insurance, and local owners know it better than any dataset. Assumptions: 25% down at 7% on a 30-year...
Here’s an October snapshot of 33 Johnson County, KS ZIP codes. I pulled these from the MLS. Numbers are represented as: Average price | Average days on market | Close to list price ratio | New listings for that month. 66013 - $739,442 | 155 days | 100.8% | 6 66018 - $499,083 | 66 days | 100.1% | ...
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?
Last week I put up a Cleveland screen and got some good pushback. People wanted stress tests and a bad-debt line, and @Gladimir Lobo was right that a screen can't see condition, lead or what's happening street to street. So I ran Toledo the same way with those built in. I'm posting it so the peop...
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 ...
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...
WHAT HOUSING SHORTAGE? We're constantly told America needs millions more homes. Build, build, build! But what happens when we look at the actual numbers? The latest U.S. Census Bureau data tells a rather different story. Here are the numbers for Q3 2026: 1.51 MILLION net additional housing units ...
This one’s from the trenches. This weekend I talked with a representative from one of the major national homebuilders. They have platted, shovel-ready developments that they’re putting on hold until rates improve. The last time I saw builders sit on ready-to-go lots like this was 2007, heading in...
The Fed held at 3.75% to 4.00% on Wednesday, but the vote was 10-2. Governor Lisa Cook and Cleveland Fed President Beth Hammack both wanted another quarter-point hike, and the statement upgraded the economy to "strong" from "solid." The 10-year reacted the way you'd expect and went to 5.05% Wedne...
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: ...
If you'd told me 3 years ago my best-cash-flowing rentals in 2026 would be brand-new builder homes, I wouldn't have believed you. But that's where the numbers landed for me and my investor clients this year. Last year most of us bought from one national builder because their financing incentives ...
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 ...
September new-home sales came out Tuesday, and they say builders are still paying to move houses. Sales ran at a 676,000 annual rate, down 5.3% from a year ago. The median new-home price was $400,400, down 3.9%. Builders have 476,000 homes for sale, 8.4 months of supply. The South fell 6.6% and i...
What site or source do you use to analyze a specific MSA for mid-term rental viability?
Quick note up front: I'm a realtor, not a lender. This is what the data shows, not financing advice. The national picture is rough. Mortgage purchase applications are down about 60% from the pandemic peak, rates are above 7%, and a record 14% of September deals canceled before closing. Here's the...
I wanted to know how much of the Cleveland market actually cash-flows at conservative terms, so I screened every active for-sale listing in Cuyahoga County this week (Oct 20). Assumptions: 25% down, 7% / 30-yr, 3% closing, 8% vacancy, 7% repairs, 8% capex, 10% management. Rent = 85% of HUD Small ...
I've been looking at the latest Cleveland market numbers for Q3, and a few things stood out. Here's a quick snapshot of city of Cleveland: • Median sale price: Approximately $150K, up 1% from Q2 • Active listings: Up 7.8% from Q2 • Homes sold: Down 5.3% from Q2 • New listings: Up 6% from Q2 • New...
Quick note for owners with Orange County rentals, since a lot of renewals go out this fall. The rule: under AB 628, California Civil Code 1941.1 now lists a working stove and refrigerator as habitability requirements for any lease entered into, amended, or extended on or after Jan 1, 2026. A reca...
Freddie Mac's 30-year average came in at 7.32% on Thursday, down from 7.40%. That's the first weekly decline since August. A year ago it was 6.19%. I ran it on Houston's median house, $325,000 with 20% down. The payment on the $260,000 loan goes from $1,800 to $1,786. At last year's rate the same...
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...
I took a look at Trump's new housing executive order. As usual, the headline makes a bigger promise than the actual policy delivers and not as trivial as some have made it out to be. That doesn't mean it's useless. It means we ought to look at what it actually does. The order targets several spec...