Rental Housing Journal’s Post

Asking rent increased by 3.5% according to Zillow's Rental Report in February. In this evolving market, Rent Payment Reporting becomes an even more strategic tool for property managers. By encouraging on-time rent payments, Rent Payment Reporting not only helps in stabilizing income amidst fluctuating rents but also adds value for residents by enhancing their credit scores. Stay tuned for more! ➡️ #rentalmarket #renttrends #propertymanagement #rentpaymentreporting #creditbuilding #rentstability #onrentpayments #zillow #housingdata #realestatetrends

Annual rent growth accelerated in June. The typical rent across the U.S. is now $2,054, according to the Zillow Observed Rent Index. That is up 3.5% from last year, the fastest annual growth since last July. 

According to the latest Zillow report, prospective #apartment tenants now need to earn $79,889 to spend no more than 30% of their income on rent — a common threshold used to mark affordability. That's $21,197 more than in 2019, or a 36% pricing upsurge. #multifamily #investmentsales

🚚 Monumental Shift in the Late Summer Market! ☀ Remember when you could have a dead raccoon 🐾 in your living room and still get $10K over asking? Well, those days are gone! While it’s been a strong seller’s market, things are changing fast. ⏩ This July, we’re seeing sellers drop 🔻 prices (big time!) and buyers asking for five-figure closing and repair costs 💲 —and getting them! Oh, and open houses galore! 🏡 😪 Buyers are worn out after years of high-pressure sales. The pandemic is over, and interest rates are making it more expensive to purchase. 💵 Sellers, you're now competing with private landlords too. Rents have come down, making renting an attractive 👀 option again for many would-be buyers. Remember, three things sell a home: 💸 Price, 🛠 Condition, and 🗺 Location. You can control 2️⃣ two of them. TOP TIP: Adjust your condition to match the condition of brand new homes being built in your market OR adjust 🔻 your price. That money's not real until it's in your pocket 👖. Buyers don’t want to inherit your expensive, overlooked issues. Don't let your to-do list 🙅♂️ scare off potential buyers. 😱 It's time to step up your game or drop prices! Sellers, if you want a free copy of my complete listing prep book, message me or text me. It's hard work, but it'll get you on the right track. Smart Move Real Estate or 913-333-6591

📊 Real Estate Market Insight: June emerges as the optimal time for listing homes, according to Zillow's recent analysis. Properties listed during the first two weeks of June 2023 fetched an average of $7,700 more, marking a 2.3% increase over typical sale prices. This period aligns with buyers' preferences for settling in before the new school year, while sellers benefit from the vibrant spring aesthetics. For those considering selling, positioning your property in early June could maximize your returns. #RealEstateTrends #MarketInsights #SellingYourHome https://lnkd.in/ghHanm5N

11 Real Estate Sites Like Zillow: Pros, Cons, and Tips https://lnkd.in/eePmzhzr #appslikezillow #cons #estate #popularblog #popularblog #pros #real #realestatesiteslikezillow #sites #siteslikezillow #tips #zillow

According to the report, the Zillow Observed Rent Index shows that the typical rent price has increased by 0.6% month-over-month and 3.4% year-over-year. The report highlights the most affordable metro areas for renters, which are cities with a lower than average rent-to-income ratio.

Everyone loves online house shopping, and Zillow is one of the most popular sites to browse for real estate. It’s a great way to get high-level information and fantasize about places you’d like to live, or if you’re a homeowner, begin the process of considering whether to list your property and make the next move. However, before you take Zillow’s Zestimate as the gospel truth on the valuation of homes on the site, it’s important to take a moment to understand what the Zestimate is, and how accurate it may (or may not) be. 

👉Spring brings a flurry of activity in the housing market as sellers start listing their homes, signaling a shift from the trend of waiting for lower interest rates. With more homes available, buyers have a wider selection to choose from, especially in southern regions like Texas and Florida where new construction is booming. Despite the increase in inventory, desirable homes still attract strong competition, although listings that are overpriced or lack appeal may linger longer. Sellers are adjusting their expectations, with one in five listings seeing price cuts to meet buyers halfway. Overall, while the market remains competitive, sellers with equity are in a good position, as home values continue to rise across most major areas. #deriksmithrealtor

📈 The Impact of Rising Inventory on Birmingham’s Real Estate Market: Opportunities for 2024 As inventory levels rise in Birmingham, the real estate market is offering unique opportunities for both buyers and sellers. Our latest article dives into how these changes can benefit you: 🔑 For Buyers: Enjoy a wider selection and better negotiating power. 📊 For Sellers: Enhance your market presence with strategic pricing and innovative marketing. At the LAS Companies Team of Keller Williams, we're dedicated to helping you navigate these market shifts with expert advice and personalized service. Read the full article to learn more and contact us to discuss your real estate goals. #RealEstate #Birmingham #HomeBuying #HomeSelling #KellerWilliams #RealEstateAgents #Realtors #MarketTrends #LASCompanies #LASRealEstate https://lnkd.in/eKbP7tYP