Hello everyone. This is Juan Carlos Gastelum, I am a real estate investor in Texas. As we approach the end of the year and the peak of the Holiday season, I´d like to point out and focus on some of the highlights that were published by Redfin on the internet. Housing Market analyst Tim Ellis highlights certain metrics that we should be concerned about when assessing our acquisitions for 2022. First and foremost I’ll point out that he underscores that the number of homes for sale fell to an all-time low, down 25% from a year earlier. That’s 25% less in 2021 from 2020. He also points out that home sales prices are up 14% from year 2020. That´s huge! Asking prices on new listings, Tim Ellis points out, are up 12% from a year earlier and pending sales are up 4% from year 2020. Now all of this tells us that the trend of lack-of-inventory and high-demand in the housing market still remains. So with interest rates, according to the Fed, going up next year, our tip for today is that you should do both your top-down analysis very carefully on your particular market that you’re investing in, as well as your bottom-up analysis with respect to the metrics that you want to acquire on. For instance, your cash-on-cash return, your internal rate of return and the cap rate going in with respect to your exit strategy. Follow this link for the full Redfin article: https://www.redfin.com/news/housing-market-update-december-inventory-record-low/ That’s it for now. Take care. Best wishes on your real estate journey, God bless, and happy holidays!
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