How things are looking up in the housing market! Let's take a detailed overview of the latest housing market trends & predictions for 2021. We shall discuss key industry takeaways and insights into the US housing market — such as the latest overall real estate trends, price & rent growth, housing sales & supply, and mortgage rates & delinquencies. The real estate market has been unusually strong this year, with robust housing demand in nearly every region of the country.
Data by ABoR. Forecast by Zillow.The Austin housing market is soaring. The Austin market reflects what's going on in other big cities around the country. A lack of supply is lagging strong demand, causing home prices to rise. Austin's rapidly expanding economic industry is driving more people into the city which is increasing the housing demand. Austin home prices are soaring and the buyers have to bear the brunt. Low inventory, high buyer demand, and rising prices will continue throughout the year, creating a competitive market.
Capitalization Rate or Cap Rate is a term often thrown around in real estate discussions. Yet many people don't really understand what it means. After all, it can be confused with cash-on-cash returns and the rate of return. You will understand what a cap rate is in real estate in this post, from its definition to methods of calculation. When to utilize capitalization rate, how to calculate cap rates, what is a decent cap rate on investment properties, and why determining cap rates is crucial for real estate investors are among the topics covered.
Taxes rarely make for exciting reading material, but if you own an investment property, there’s at least one set of IRS regulations you absolutely will want to understand: 1031 Exchange Rules. Real estate investors like you have the option of using a 1031 Exchange. Most investors find it to be a useful instrument for reducing capital gains and other taxes on their earnings. Why? Because normally when you sell an investment property for more than what you paid for it, you’d have to pay a hefty capital gains tax.
The Tampa housing market is growing steadily, prices are still low and properties have a good chance for a strong appreciation in the coming years. Home is selling incredibly fast in the Tampa Bay housing market with hot homes getting multiple offers. There is less than 2-month of the available inventory in the entire Tampa St. Petersburg Clearwater MSA. The current months' supply of inventory is 0.7, down by almost 68% over the last year. This is one of the key factors in rising home prices. [Read more…]