John Burns on LinkedIn: Bad news for U-Haul. 57% of apartment tenants are renewing their leases… | 23 comments (2024)

⁠As home buying becomes increasingly challenging, rent-to-own homes emerge as a viable alternative, particularly for first-time buyers. ⁠⁠This setup allows renters to allocate part of their monthly payments toward the home's purchase price, making homeownership more accessible. In these scenarios, it's incredibly important to understand the nuances of rent-to-own contracts, which typically involve an initial downpayment and monthly rent credits toward the downpayment. ⁠⁠While this arrangement offers benefits like building equity and locking in the purchase price against market fluctuations, potential drawbacks include the longer path to ownership, the risk of overpaying if property values decline, and potential financial instability affecting the purchase. ⁠⁠Additionally, the terms of rent-to-own agreements can vary, and it's crucial to work with a real estate agent to navigate these complexities and protect your interests.⁠⁠#sothebysrealty #luxuryrealestate #dcrealestate #baltimorerealestate

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Attention property sellers! The past few weeks have seen a surge in sale instructions, and with increased buyer activity, we are heading towards a great few months. It's the perfect time to sell and maximise your property value. Don't miss out on this opportunity! #realestate #property #spring #sellers #buyers

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More homes for sale 🏘 Good news first: there were 24% more homes for sale nationwide in March 2024 than there were a year ago. In some markets, active inventory is already back to pre-pandemic levels. For buyers, having more options is always good. Greater supply could also limit price growth or lead to price reductions in well-supplied markets where there is significant new home construction underway. [Source: Realtor.com]

With rent prices falling more than double digits and home listing inventory numbers increasing by +72%, the San Diego metropolitan region is an area to keep closely watching. Earlier this year, some publications ranked San Diego as the #1 most unaffordable metropolitan city in America. Through June 2024, the year-over-year home listing percentage number increase were as follows:"According to data from Realtor.com, active listings surged the most year-over-year in:Tampa, FL, metro: +93%Orlando, FL, metro: +81.5%Denver, CO, metro: 78%San Diego, CA, metro: +72%Jacksonville, FL, metro: +70%Seattle, WA, metro: +62%Atlanta, GA, metro: +59%Phoenix, AZ, metro: +56%San Jose, CA, metro: +53%"Source: Wolf Street and Realtor.com

According to the latest U.S. Home Flipping Report from ATTOM, 67,817 single-family houses and condominiums were flipped in Q1, 2024 representing 8.7% of all home sales (one of every 12 sales) in the first quarter. ATTOM says as flipping rates went up, fortunes kept improving for investors who buy and quickly resell homes. Their data show that home flippers typically earned a 30.2% gross profit nationwide before expenses on homes sold during Q1, marking the third time in four quarters that margins increased following a six-year period of mostly uninterrupted declines. #realestate #realestateinvesting #nationalreia #flippinghouses #sellinghomes #singlefamilyhome #condominium https://lnkd.in/gZbDhe8Q

Contrary to popular belief, the best time for home buying in some U.S. cities might be this fall or winter. Here are seven metropolitan areas where market conditions are currently more favorable for buyers.#WestPacWealth #homebuying #realestate #wealthmanagement #financialplanning https://lnkd.in/eYFcmJM2

With interest rates stabilizing and a surge in new home construction, the real estate market is buzzing with With interest rates stabilizing and a surge in new home construction, the real estate market is buzzing with activity for both buyers and sellers. The key? Don't wait for the "perfect" timing to jump in. Whether it's sprucing up your space or getting your finances straight, now's the time to prepare and stay ahead of the game. Let's get moving and make your real estate dreams a reality! #RealEstateTips #MarketTrends #BuyersAndSellers #GetReady #HomeImprovement #FinancialWellness

Contrary to popular belief, the best time for home buying in some U.S. cities might be this fall or winter. Here are seven metropolitan areas where market conditions are currently more favorable for buyers.#WestPacWealth #homebuying #realestate #wealthmanagement #financialplanning https://lnkd.in/gjCDsCEK

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Contrary to popular belief, the best time for home buying in some U.S. cities might be this fall or winter. Here are seven metropolitan areas where market conditions are currently more favorable for buyers.#WestPacWealth #homebuying #realestate #wealthmanagement #financialplanning https://lnkd.in/g8H29JZe

Elizabeth Renter from NerdWallet discusses their First-Time Home Buyer Affordability Report, the challenges in the real estate market, and potential changes in the spring market, especially for first-time home buyers. Listen to Real Estate Today: https://bit.ly/3TOrw4t