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90% of what goes into the current value of a residential property is what similar properties have sold for in the last 6 months—so the key to arriving at the most accurate estimate of your home’s current value is getting recent sold price comparables
Pending home sales fell for third consecutive month in January-decreased 9.5% compared with January 2021
The Capitalization or Cap Rate for a property is the ratio between its net operating income (NOI) and the property’s value:
Capitalization Rate = Net Operating Income/Value
You can transpose the formula to solve for property value or net operating income:
Property Value = Net Operating Income/Capitalization Rate
Net Operating Income = Property Value*Capitalization Rate
Multifamily rents nationwide registered an increase in January 2022.
Be very careful if you participate in a real estate auction. Auctions encourage impulsive behavior and at most auctions there's usually someone dumb enough to pay too much for a property-- better to let that person win. No one ever got rich paying too much for something!
Building materials prices increased 20.3% year over year and have risen 28.7% since January 2020.
