13 March 2025 | 0 replies
Here are some key highlights from the report, which compares February 2025 with February 2024:The median sales price for the greater Austin metro declined 3.6% to $430,000, while the City of Austin rose modestly by 2.6% to $564,000.Total sales in the metro fell 6.5%, with the city itself seeing a 1.2% decrease in closed sales.Pending sales under contract dropped 5% in the metro and 7.4% in the City of Austin, suggesting more sluggish demand at the start of 2025.Listing inventory increased 16.7% in the metro and 15.5% in the City of Austin, resulting in around 5 months of available housing inventory in both the city and greater metro.According to the Texas A&M Real Estate Center, a balanced real estate market has around 6.5 months of inventory.
14 March 2025 | 63 replies
Decreasing jobs and decreasing population means you won't need rent control.
13 March 2025 | 12 replies
You can find higher ROI (on paper) here and probably in other cities…but the probability of actually collecting rent significantly decreases.
11 March 2025 | 8 replies
Discipline and consistency are what separate those who actually follow through.Mindset is like a muscle.
11 March 2025 | 11 replies
Covid saw an increase in second-home purchases and Airbnb investments, and those have increased the supply of STRs and vacation rentals in most markets, which inversely has decreased revenues and average daily rates for most hosts.
11 March 2025 | 1 reply
Working with someone that knows the ins-outs of the market is what you need to do when doing flips, what are the comps, what is going on with that HOA that could cause to decrease the sales price, what the actual model match or close to it sold for...
10 March 2025 | 10 replies
Any chance you can increase rents or decrease costs a little get positive cashflow here?
10 March 2025 | 14 replies
Rates will most likely continue to decrease but not at a rapid rate.
9 March 2025 | 13 replies
If I could put down more money obviously that would decrease mortgage but I need some left over for closing etc I cannot believe that some people with thousands up up votes think this could be a good opportunity.Here are some thoughts/comments:- At current rate and those rent points, 1% is large cash flow negative at high LTV.- market rent is ~$2400/month but PITI is $2150.
7 March 2025 | 5 replies
We keep making those lists for the biggest rent decreases, highest vacancy, etc.