During the pandemic interest rates were at an all-time low with many property owners locking in a 30-year fixed-rate mortgages at a 2 – 2.5% interest rate. Exceptionally low interest rates combined with historically low inventory contributed to the real estate market in California appreciating at an average rate of 20% year-over-year. The housing market…
For 40 years my wife and I have owned rental property. For 35 years I have been a San Diego apartment broker. I learned a lot, too much the hard way. Some of what I learned is summarized below. Too many aspiring buyers think the seller is their toughest opponent. Most don’t realize other unseen…
So, it happened again, for the third time in less than a month. Another client was interested in an asset and asked us to recommend the amount he should offer. We consulted recent comparable transactions, noted that inflation concerns are increasing, and there is an astounding shortage of rentals. We offered an assessment of the…
Houston, Texas is one of the fastest growing metropolitan areas in the entire United States. With its continually developing industrial bases in energy, manufacturing, aeronautics, and transportation, including being home to the headquarters of more than 25 Fortune 500 companies, the city attracts more than 100,000 new residents annually. What Makes Houston Different? What makes…
Photo by Mikael Blomkvist from Pexels Rents were up another 2.1 percent nationally in August as rent growth continued, while vacancies reached historic lows, according to the latest report from Apartment List. The report says that since January of 2021, the national median rent “has increased by a staggering 13.8 percent. To put that in context, rent growth…