Marco Santarelli, Author at Norada Real Estate Investments

NYC Real Estate Investment: Where To Invest In New York City?

February 6, 2021 by Marco Santarelli

New York City is one of the most expensive real estate markets in the world, and it regularly tops lists of the most expensive markets in the United States. It is known for its powerful tenants' union and difficult eviction process. What then makes NYC real estate investment attractive? Why do so many invest in NYC real estate market?

The truth is that NYC real estate investment is not one thing. There are radical differences between over-priced and over-built luxury areas and the relatively affordable neighborhoods where people compete for apartments and homes. And there are neighborhoods where people want to live and pay a premium to do so. That’s why all real estate is, ultimately, local.

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Seattle Real Estate Market Trends & Investment Outlook

February 5, 2021 by Marco Santarelli

Seattle housing market 2021 continues to see low inventory and high competition making things hard for homebuyers. Even before the virus hit the region in 2020, it was quite evident that if the inventory crunches further, housing affordability will become a bigger issue in the Seattle real estate market, especially with homes in the lower tier.

Since then we've seen significantly lower numbers of active listings when compared on an annual basis. In fact, Seattle is currently one of the most imbalanced housing markets in the country, from a supply and demand perspective. There’s just not enough supply to keep up. Pending sales are outpacing new listings and inventory continues to shrink. There are far more buyers than there are available homes for sale in the entire Puget Sound region's housing market.

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Best Houston Neighborhoods To Buy Investment Properties In 2021

February 4, 2021 by Marco Santarelli

Houston neighborhoods come with an urban charm and a family-friendly vibe. Houston alternately makes the news for massive traffic jams, hurricanes that periodically hit the city, falling oil prices, and its rampant rate of growth. For example, Hurricane Harvey flooded more than a hundred thousand homes in August 2017 which kind of froze the Houston real estate market.

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Where to Buy Las Vegas Investment Properties in 2021?

February 3, 2021 by Marco Santarelli

Willing to invest in real estate? Then Las Vegas is one of the best places to buy investment properties. This rapidly growing city is one of the hottest real estate markets in the United States. Right now it is the best time to buy and rent a property in Las Vegas, as the market has not reached its peak yet. But the question lies that which are the best neighborhoods for buying a Las Vegas investment property?

Where can you get a strong rental income as well as good equity in the long term? In this article, we’ll discuss the best neighborhoods where you can buy Las Vegas investment properties. Investing in a Las Vegas Property is a great option as Las Vegas has very low investment property taxes and no personal income tax.

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Las Vegas Real Estate Market: Prices | Trends | Forecast 2021

January 31, 2021 by Marco Santarelli

The Las Vegas housing market has been sizzling hot in the pandemic. Many experts had predicted it would crash as it did during the Great Recession. On the contrary, by the end of 2020, the Southern Nevada housing market was in the midst of a boom. Even during these tough times, the Las Vegas properties are selling at record prices. Home prices in Southern Nevada remained at their record level to close out the year.

The median price for an existing single-family house in December was $345,000, as reported by the association. Continuing a trend seen during the pandemic, the price increased by 10.2% on a year-over-year basis and marks another all-time price record. The condos & townhomes sold for a median price of $185,000, an increase of 5.8% from last year. For 2020, Las Vegas REALTORS says a total of 41,617 homes, condos, and townhomes were sold, up slightly from the 41,269 sales reported in 2019.

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