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 ...
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...
Two multifamily closings in Cincy MLS Hamilton County, both in the last 30 days good snapshot of how wide the range is right now. Same county, same 30-day window a stabilized 11-unit cash flower on one end, a gut-rehab duplex on the other. Good reminder that Cincinnati multifamily covers a lot of...
𝐁𝐔𝐘𝐈𝐍𝐆 𝐀 𝐇𝐎𝐔𝐒𝐄 𝐍𝐎𝐖 𝐂𝐎𝐒𝐓𝐒 𝟒𝟖% 𝐌𝐎𝐑𝐄 𝐓𝐇𝐀𝐍 𝐑𝐄𝐍𝐓𝐈𝐍𝐆 Look at the numbers: Buy: $2,886/month Rent: $1,950/month Thats a $936 monthly difference. More than $11K/yr This isn't just about today's mortgage rates. Since October 2019 mortgage payments have increased 96%. Rents have increased 38%, and wages 37...
Inflation surprised to the upside across the board last week, and the market's reaction is the part I keep coming back to. Hot Inflation Meets a Fed That Already Leans Hawkish The September CPI rose 0.6%, driven largely by gas and energy, and annual inflation went from 3.4% to 3.7%. Core CPI rose...
Quick weekly recap for anyone underwriting in Houston right now. The ten-year Treasury went from 5.24% to 5.09% in four sessions. The weekly mortgage survey has not caught up: Freddie Mac held at 7.40% (15-year 6.71%). The daily index was already down to 7.33% on Thursday and 7.37% Friday, so thi...
𝐓𝐡𝐞𝐫𝐞 𝐚𝐫𝐞 𝐧𝐞𝐚𝐫𝐥𝐲 𝟓𝟖𝟐,𝟎𝟎𝟎 𝐦𝐨𝐫𝐞 𝐡𝐨𝐦𝐞 𝐬𝐞𝐥𝐥𝐞𝐫𝐬 𝐭𝐡𝐚𝐧 𝐡𝐨𝐦𝐞𝐛𝐮𝐲𝐞𝐫𝐬 𝐢𝐧 𝐀𝐦𝐞𝐫𝐢𝐜𝐚. In September, the number of active home sellers climbed to 1.51 million, the highest since March 2020. Meanwhile, active homebuyers fell to just 929,000. . .a record low. There are now 63% more sellers than buyers. Back in 202...
Curious to hear from other investors… Is there anything keeping you from buying your next investment property right now? Is it interest rates? uncertainty about the market? rehab costs? tenant turnover? or just not finding deals that make sense? Or are you still buying and just being a lot more s...
Investors Missing Opportunities? I've been watching the Southern Maryland housing market closely, particularly for buy-and-hold opportunities. I recently pulled MLS data for 3,226 active homes priced at $800K or less across Prince George's, Calvert, Charles, and St. Mary's counties in Maryland. A...
The latest inflation numbers are bad, very bad.: 1. US CPI Inflation: Up to 3.7%, nearly 2x Fed's target 2. US PPI Inflation: Up to 6.3%, over 3x Fed's target 3. US Core PPI Inflation: Up to 5.0%, 2.5x Fed's target 4. US PCE Inflation: Last at 3.4%, 1.7x Fed's target 5. Brent Crude Oil: Up to $10...
I pulled every single-family and 2-4 unit closed sale in Minneapolis and St. Paul from 2005 through 2012 to see who got hurt in the crash, who didn't, and what a smart investor could have done differently. Method first, then the numbers, then the takeaways. Tell me what I missed. THE DATA 53,940 ...
Just got back from the Idaho REICon in Boise. Smaller event — around 120 attendees — but a lot of signal. I also drove through Nampa, Caldwell, Star, Eagle, and Emmett myself, so the observations below are firsthand. Sharing what I picked up: Market Boise cap rates are very low — lower than what ...
The U.S. housing shortage may be turning into a housing glut. For years, we've been told America simply isn't building enough homes. That may have been true. It isn't looking that way anymore. Over the past 12 months: 1.35 million homes have been completed while only 500,000 jobs have been added....
How ya'll feeling about rates going up over 7%? You dealing with it, or still praying they're gonna go back down to the 3's?
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...
Quick note for owners with Orange County rentals heading into renewal season. The data: for rent increases that start between Aug 1, 2026 and Jul 31, 2027, the statewide Tenant Protection Act cap for Orange County is 8.7%, up from 8% the year before. Santa Ana's local ordinance is lower: 2.87% fo...
I’m curious what everyone’s experience has been with investing in the Raleigh area lately. Are you still finding deals that make sense, or does it feel like you have to dig a lot deeper to find something worth pursuing? I’d love to hear what everyone’s working on right now, whether that’s flips, ...
✏️Spent this morning running a pencil sheet on every active duplex in Oxnard zips 93030 and 93033 (5 listings, $750K-$929K). Terms: 25% down, 7.25%, 30-yr, taxes at 1.25% of list price. NOI uses ~5% vacancy, plus insurance, maintenance and reserves. Result: none clear 1.0x DSCR on in-place rents....
Heartland is the MLS that covers Kansas City. Typically it's an hour radius. Every month they post the recent months statistics. This encompasses the whole Heartland so take that into account. 🏠 Average sale price: $399,619, up 7.7% YoY 📅 Average days on market: 42 days, up 7.7% 📦 Months of suppl...
Hey everyone! It seems like a lot of investors have Raleigh on their list right now. I invest here myself and work with local and out-of-state investors in this market, so I understand the interest. But it's also not a PERFECT market and I see potential investors get a lot wrong. Most people who ...