RENTS ARE DROPPING
Rental Rates are Dropping. And Inventory is Surging. Sending Real Estate Investors into a full-blown Panic.
Particularly in Housing Markets like Nashville, Jacksonville, Phoenix, and Las Vegas. Rents have surged across America during the pandemic. But now they are starting to decline. Which is a big problem for Investors. Cap Rates are already far below Mortgage Rates, and they could decline further. Meaning an Investor Firesale is on the way in many markets – especially those in Florida, Texas, and Arizona.
RENTS ARE DROPPING
Scanning Zillow shows huge spikes in Rental Inventory in America. With Corporate Landlords cutting the rents on houses that sit across the street from each other in the same neighborhood. A signal that the decline of the US Rental Market is just starting and should continue into 2023. Especially as Evictions Surge. Data from Eviction Lab shows that Evictions are back to pre-pandemic levels or above pre-pandemic in most markets. Meanwhile – Apartment Builders have nearly 850k Units under construction, a 50-Year Record. These Apartments Under Construction will be delivered over the next 12 Months, further swamping the market with Inventory.
Always keep in mind, that purchasing or selling a home is a major lifestyle decision, and as such, should not be rushed into. So, by all means, if you’re considering purchasing or selling real estate in today’s market, do your own homework and draw your own conclusions! But, also consult with your legal & financial advisors prior to making your moves.
My opinions here are just that, opinions! The fact that I’ve been in the residential real estate market for over three decades, does not mean that my opinions are going to be any more accurate then your mother-in-law’s opinion, though I sure hope they are!
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Brokerforyou.com is for SALE
Just like most major businesses, the easiest way, and the fastest way to expand your business and influence in your particular market is through strategic acquisition. Just look at Google, they are the number one search engine in the world! Google bought Youtube in November 2006 for US$1.65 billion! YouTube now operates as one of Google’s subsidiaries.
www.brokerforyou.com is for sale and is offered with a very popular San Diego residential real estate channel with 1.16K subscribers and 114 videos!!
What’s the approximately monthly cost to host a website? With shared hosting, you’re hosting fee can break down to about 10 to $15 per month. To keep your url registered (that’s your site address), this is usually paid on a five to 10-year basis, which averages out to about just a dollar per month! Naturally, if you add direct hook-up to a MLS database, that provides lead capturing, this costs can vary greatly from provider-to-provider.
Interested, call Bob Schwartz (619) 286-5604 for additional information
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