Danielle Hale, Chief Economist at Realtor.com, explains:“The number of homes for sale is rising in many markets, giving shoppers more choices than they’ve had in years . . . the market is starting to rebalance.”How Much Growth We’ve Seen Varies by AreaBut, how long it’s going to take to achieve true balance is going to vary by area.

We currently have a smaller home (2/1) listed in the Hale neighborhood nearby as furnished.It's been sitting for awhile, mostly because the landlord had it booked on AirBnb up until just recently and we've been working around that. 

Quote from @Chad Hale: Depends on the area. 

So I was just wondering what would be the best way to go by this property.  71 Martin Street, Hartford CTI would never buy a property worse than the neighborhood I grew up in.

@Seth McGathey          "what would be the benefit of a second mortgage over the HELOC"None if the interest rate is not lower. 

If it were to sell today it would probably sell for the $300-330K range.What would be the best loan product to get this done. 

For a lender's policy, it would be the amount of money disbursed under the mortgage/deed of trust.

Quote from @Beth Johnson: @Marina Wong No. we just charge the servicing set-up fee at close.

However, purchasing a new construction home might be the ideal next move for investors seeking long-term equity, minimal maintenance, and strong rental appeal.Investor Benefits of New Construction:-Customization: Tailor finishes and layouts to meet tenant demand and maximize ROI.

It will also be the door that opens my investment business.