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Pros and cons of buying out-of-state rental property in 2022

Housing Wire

You found a property you love and may want to retire to one day but will rent in the meantime. Before we get into how you invest in real estate outside your state, let’s look closely at the benefits so you can see why it’s a good idea for many investors. You may have to buy a property without seeing it.

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Honolulu Housing Market: Prices, Trends, Forecast 2023

Marco Santarelli

In 2023, the ratio stands at 98.4%, suggesting that, on average, homes are selling very close to their list prices. This could be indicative of a market where sellers are pricing their properties reasonably, and buyers are willing to meet those prices. of sales closing above the listed price and 54.6%

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Pasadena Housing Market: Prices,Trends, Forecast 2023

Marco Santarelli

Pasadena, CA, is currently a seller's market, which means that there are more buyers than available homes for sale. This is due to the limited supply of homes and high demand from buyers, which is driving up the prices. The percentage of sales over the list price is 43.2%, which shows that there is some competition in the market.