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Don't buy garbage, even if it's on sale! Property you buy must be appealing to a tenant or a buyer.
New Residential Multifamily Construction Projects Are Struggling to Land Tenants Amid The Frozen US Economy
The average number of days on market required to sell a home gives you a good indication of the strength of that local real estate market--a higher average number of days on market usually suggests a weaker market, a lower average number of days on market implies a stronger local real estate market.
Nearly one-third of all American households are cost-burdened, according to the most recent data from the U.S. Bureau of Labor Statistics, meaning they spend at least 30% of their income on housing costs. NJ is 3rd highest cost-burdened state in the US behind New York & California.
Avoid poorly designed homes--this is often referred to as functional obsolescence. Functional obsolescence reduces the desirability of your home and makes it more difficult to sell. Here are some examples that you should steer clear of: 1) No bathrooms on first floor 2) Bedrooms with no closest
Newly listed homes dropped 44.1% in April
