DNA Property

Knowing future prices is impossible, however knowing if current prices are cheap or expensive is the key to real estate investing. Right now is the time to batten down the hatches, take some profits, lower leverage and have some cash on the sidelines in order to buy when prices are cheap historically. When everyone is buying you should be selling.

New home sales numbers are out, and it’s UGLY folks. September numbers revised (September's +14.1% MoM spike smacked down to +7.1% MoM). This month only up 0.4% a staggering decline. The trend is down, stay patient and you will be rewarded in 12-18 months.

It’s getting ugly out there folks. Latest housing data is out:

Mortgage rates ⬆️
Housing starts ⬇️
Mortgage applications ⬇️
Forclosure activity ⬆️

The signal was Zillow shutting down, the turn has already happened.

Brady has now been in more super bowls then there are active homes for sale in the greater Manchester area.

Small lesson learned this week. Details matter! We were about to close on this property but our COC lapsed recently. Luckily the Manchester Building Department was available to quickly come out, we rectified a small issue by building this handrail, and now we’re clear to close. Taking the time to go through a home first can save you a headache latter. Great full that we were able to finish on time and as scheduled.

Onto the next one!