Welcoem to posts!!
in the future - u will be able to do some more stuff here,,,!! like pat catgirl- i mean um yeah... for now u can only see others's posts :c
HPA (Blackstone) had this house listed at time of sale 14% below 2022 list price (when they bought). 39% property tax increase last yr. High prop. tax environment in TX where investors don't get benefit of homestead $ off and caps to increases align incentives towards owner occ
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San Antonio median list price down 5% YoY per Realtor newest data. Active listings up 49%, pendings DOWN 15%. # price reductions up 40%.
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Great conversation today on @DoomersNewsNetwork. Thank you so much for having me @realestatemindset @m3_melody @NobodySpecialFinance . Big fan of and inspired by all 3 of you. Going to tell my parents “I was on DNN today”. “CNN?” “No, DNN”. “What’s the D stand for?” “Doom” lol
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Same scenario in TX I discussed on @realestatemindset video yesterday is happening in FL. First key homes for sale in Lee County, red built since 2020 and blue prior. Selling recent builds, dropping prices. Most of them on streets where they own others. Are they scared by the wave of inventory? Need the cash? Harvesting losses for write offs? Lowering comps for the others they own to lower assessed values on taxes?
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15 of the top 30 markets show year over year list price decreases per May Realtor.com data
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I work in analytics and am a prospective home buyer, but the housing market data and metrics have me concerned. I became an accidental landlord when I relocated due to the steep increase in mortgage rates and am watching the real estate market vigilantly. I hope to give you perspective that may deviate from narratives those whose income depends on home sales may give.
I bought my first property at a deep discount after the last housing crash related to the Great Financial Crisis, and I saw the value double in 4 years. Timing matters.
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