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If you own rental property, monitor market rent prices where your property is located by looking at current rental ads for similar properties so you can see what your prospective tenants or current tenants are seeing.
Sales of existing US homes fell .2% in August from the prior month.
When you rent a property, set up all appointments to show the property to potential tenants at the same time--this saves you time and creates more urgency for tenant applicants to make a decision.
Sales of newly built homes rose 20.5% in August compared with July to the highest level since January 2022.
Normally whenever house prices outpace personal income, a downward correction in home prices is forthcoming.
Mortgage rates last week dropped to the lowest level since October of last year.
