Business Insider’s Post

💡 U.S. rents trends have always been a hot topic in the real estate world. According to Zillow's recent report, American rents continue to rise, though at a slightly slower pace. In April, rents grew by 0.6% month over month, a hair shorter than the usual pre-pandemic average of 0.7%. 💱📈 🔍 Reflecting on these changing times, here are some thoughts on these developments: 1️⃣ While the slowed rent growth might look innocuous, it points to the broader economic impact of the pandemic. 🌍🦠 It's an indicator that landlords delving deeper into wait and see mode, observing how the market will rationalize post-pandemic. 2️⃣ The 0.6% increase in rent, though seemingly small, actually translates to a significant yearly increment when compounded. This further elucidates just how important owning a home instead of renting can be in the course of wealth creation. 🏠💰 3️⃣ While rent growth rates differ greatly from city to city and state to state, this is a national average and paints a collective picture of the current U.S. landscape. In turn, it can influence investment and property purchase decisions, impacting both landlords and tenants alike. 👥🔀 As these intricate shifts contours the real estate world dynamically, keeping speed with the trends will continue to be more and more crucial. Stay tuned for further insights into the ever-evolving industry. Let’s navigate these tides together — because in real estate, foresight isn't just a virtue, it's a necessity. 💪🧭 🌐 #RealEstateNews #RentTrends #MarketInsights #ZillowReport

The latest data from Zillow and the US Census Bureau for July 2023 reveals some eye-opening figures about the local market. 📈 Did you know that it now costs a staggering 86.5% more per month to buy a home in Austin compared to renting one? 😱 DATA: https://lnkd.in/e5WjHs_V That's right, buying a home is almost twice as expensive as renting! 💸 For landlords and real estate wholesalers, this presents a unique opportunity to find discounted deals that can generate attractive cash flow. 💼💰 But how can wholesalers capitalize on this situation? As an experienced real estate wholesaler, I've got a few strategies up my sleeve. First, we'll be actively seeking distressed properties and motivated sellers in the Austin area. These sellers are often willing to negotiate below market value, allowing us to secure properties with significant discounts. 💼💼 Secondly, by leveraging our extensive network, we'll be able to spot off-market deals before they hit the public listings, giving us a competitive edge in acquiring cash-flow-positive properties for our investors. 💼💼💼 If you're looking to invest in Austin's dynamic real estate market or want to explore cash flow opportunities as a landlord, don't hesitate to reach out. Let's work together to make the most of this exciting market trend! 🤝🏡 #AustinRealEstate #InvestInAustin #CashFlowOpportunities #RealEstateWholesaler #AustinMarketUpdate

Last month was the 3rd slowest May in 10 years, in terms of the number of NYC homes going into contract. 2nd slowest if you don’t count May 2020, which was during the Covid lockdown when real estate was on pause. And overall price/square foot is down 12.1% from the post-Covid peak ($1,314/sq ft vs $1,473/sq ft, which was close to an all-time high). BUT, not all news was bad. While price/square foot is down vs the post-Covid peek, they were UP 1.9% in May vs April. AND, they’re also UP 2.5% vs price/sq ft in Feb 2020 ($1,282/sq ft), the time immediately before the pandemic shook everything up. Also, while overall leverage continues to shift towards buyers, there are multiple market segments currently in a SELLER’S market. The video mentions the three most notable segments in a seller’s market. Notable too, is that while much of the overall market has been slow for homes going into contract, resales asking $10M or more saw the BUSIEST MAY in at least 10 years last month (with 25 of these trophy properties going into contract). Not only that, last month was the THIRD BUSIEST MONTH OVERALL at least the past 10 years for this market segment. (Yes, 3rd out of at least the last 120 months 🤯) Wondering what’s going on in the market segment(s) most important to you? Let us know!! We’re always here and happy to help! (We also have lots of Brooklyn data, it’s just not included in this video, because there are so many micro areas and segments it makes it difficult to provide “big picture” analysis. But we have the micro market segment data for all the Brooklyn neighborhoods you love! Just reach out!) Nirali Shah, Esq.

🏡 Cleveland is one of America's hottest housing markets for 2024, according to Zillow. ➡ Zillow released its annual list of the country's hottest housing markets, and Cleveland came in at No. 8. Additionally, Cleveland is one of only three cities ranked in the top 10 of both the 2024 and 2023 lists. 🔗 https://lnkd.in/efzbMbDz Destination Cleveland #GreaterCLE #RealEstateTrends #HousingMarket

In January, Zillow made a bold prediction: Cleveland would be one of the hottest housing markets in 2024. Now, halfway through the year, Cleveland and Akron are proving that prediction right. This data paints an exciting picture of growth, demand, and opportunity. • 𝗖𝗹𝗲𝘃𝗲𝗹𝗮𝗻𝗱 𝗠𝗲𝘁𝗿𝗼: Home prices are soaring 8% year-over-year. This robust growth reflects a vibrant economy and renewed interest in city living. • 𝗔𝗸𝗿𝗼𝗻 𝗠𝗲𝘁𝗿𝗼: Akron's home prices have skyrocketed nearly 10%, placing it among the top 20 for year-over-year increases nationwide. 𝗪𝗵𝘆 𝘁𝗵𝗲 𝗕𝗼𝗼𝗺? • 𝗘𝗰𝗼𝗻𝗼𝗺𝗶𝗰 𝗥𝗲𝘀𝗶𝗹𝗶𝗲𝗻𝗰𝗲: Diversified economies attract residents & businesses, driving demand. • 𝗨𝗿𝗯𝗮𝗻 𝗥𝗲𝗻𝗲𝘄𝗮𝗹: Once-dormant areas are buzzing with activity, enticing homebuyers & investors. • 𝗦𝘁𝗿𝗮𝘁𝗲𝗴𝗶𝗰 𝗟𝗼𝗰𝗮𝘁𝗶𝗼𝗻: Akron's affordability proximity to major cities creates a winning combo. • 𝗜𝗻𝘃𝗲𝘀𝘁𝗶𝗻𝗴 𝗶𝗻 𝗜𝗻𝗳𝗿𝗮𝘀𝘁𝗿𝘂𝗰𝘁𝘂𝗿𝗲: Improved transportation, public spaces, & utilities enhance the appeal. 𝗜𝗺𝗽𝗹𝗶𝗰𝗮𝘁𝗶𝗼𝗻𝘀 𝗳𝗼𝗿 𝗜𝗻𝘃𝗲𝘀𝘁𝗼𝗿𝘀 𝗮𝗻𝗱 𝗛𝗼𝗺𝗲𝗯𝘂𝘆𝗲𝗿𝘀 • 𝗦𝘁𝗿𝗼𝗻𝗴 𝗜𝗻𝘃𝗲𝘀𝘁𝗺𝗲𝗻𝘁 𝗣𝗼𝘁𝗲𝗻𝘁𝗶𝗮𝗹: Rising prices & consistent demand suggest continued growth. • 𝗗𝗶𝘃𝗲𝗿𝘀𝗶𝗳𝘆 𝗬𝗼𝘂𝗿 𝗣𝗼𝗿𝘁𝗳𝗼𝗹𝗶𝗼: Urban & suburban options offer a balanced mix for investors. • 𝗟𝗼𝗻𝗴-𝗧𝗲𝗿𝗺 𝗦𝘁𝗮𝗯𝗶𝗹𝗶𝘁𝘆: Economic diversification & infrastructure investments ensure sustainable growth. The positive trends in Cleveland and Akron’s housing markets are expected to persist. As we move further into 2024, keeping a close eye on these developments will be crucial for maximizing returns and securing a foothold in one of the nation’s most dynamic housing markets. #ClevelandRealEstate #AkronRealEstate #OhioHousingMarket #InvestmentOpportunities Green Harvest Capital City of Cleveland - City Hall Greater Akron Chamber City of Akron, Ohio

🏡 Buffalo takes the crown as 2024's hottest housing market according to Zillow's latest projections! With affordability and a surge in new jobs, Buffalo leads the pack among 50 major cities, setting the stage for a competitive year ahead in real estate. 📈 Not far behind, Cincinnati, Columbus, and Indianapolis. As we navigate changing tides, Zillow's insights provide a glimpse into what's shaping up to be an exciting year in real estate! #HousingMarket2024 #RealEstateTrends #Buffalo #InvestmentOpportunities 🏠💼

Zillow's latest forecast predicts Buffalo, NY, to lead the pack this year as the hottest 2024 market. With factors like job growth, home value surge, and solid economic fundamentals, Buffalo shines in a competitive market. Where else do you think we will see big growth this year? https://bit.ly/3SmpAAS

Have you heard the recent news? 👀 Florida has surpassed New York as the second-most valuable U.S. market, according to a report from Zillow. Of the six markets where home values have increased the most since the start of the pandemic, four are in Florida: Tampa ( 88.9%), Miami ( 86.6%), Jacksonville ( 82.4%) and Orlando ( 72.3%). So what's driving the boom? Zillow economist, Orphe Divounguy largely attributes the growth to new construction coming online this past spring and summer, and says the trend could be here to stay. 🌐 Wertzre.com 📱 813.419.0750 #thewertzgroup #tamparealestate #agentsofcompass #weselltampa #housingmarket

Indianapolis: Emerging as a Leader in 2024's Housing Market 🔍 Market Analysis: Zillow's latest predictions place Indianapolis as the fourth hottest housing market in 2024. This highlights the city's growing significance in the real estate sector, particularly in the Midwest and South. At Default Research Inc., we recognize the potential this brings to the real estate community. Let's delve into the factors driving Indy's market growth and how it shapes investment and development opportunities. #IndianapolisRealEstate #MarketForecast #RealEstateGrowth https://bit.ly/48H4Etu

Zillow has announced their predicted hottest real estate markets for 2024 and they are all east of the Mississippi River. The factors that determine the list are speed in which sellers are going under contract with buyers, local home value growth, job growth, and affordability.  "Housing markets are healthiest where affordable home prices and strong employment are giving young hopefuls a real shot at buying and starting to build equity," Zillow data scientist Anushna Prakash says. Coming in at #1 is Buffalo, NY, followed by Cincinnati, Columbus, Indianapolis, and in fifth place is Providence, RI.   What does this mean for Vermont? This list is indicative of the strength in the eastern United States market, and though Providence is the only New England City, our regional market continues to be resilient. Vermont is no exception. Echoing that sentiment is data from United Van Lines showing that for the third year in a row, Vermont was the #1 most moved to state. The demand for homes here is driven by desire to be close to family and friends, relocation for work, and desire for a lifestyle change.  Love this state I call home!