See the Cities with the Best ROI Potential
#54
Mortgage rates are falling. But that doesn’t necessarily mean homes are getting cheaper. In a particularly timely Let’s Get to the Point, Jeffrey St. Arromand explains how the Fed’s dramatic rate cut is good news for mortgage interest rates, and great news for agents, but not necessarily the price break buyers have been waiting for.
Check out his hot take on rate cuts and the future of the market, then keep reading for a surprising report on the best cities for investors, plus an exciting announcement from our own Glennda Baker. 👇
🔊Today’s Top Podcast Rec:
In addition to being a brilliant systems and processes person, Jon Cheplack is one of the most sought-after real estate leadership and productivity coaches in the industry. In this potent episode of The Inspection Period, Jon shares the advice he gives high-performance agents in his 70+ weekly coaching calls, how he helps new agents develop grit, and the real handups and setbacks that nearly kept him from his launching his incredible career.
TRACK THE TRENDS
MARKETS
Deals are Sweeter in the South
For the handful of boutique real estate investors still braving the market turbulence (and making bank because of it!), a new report by Agent Advice shows the top 10 cities with the best ROI potential for investors all have one thing in common—they’re concentrated in the South. The report, which ranks market potential based on factors like annual home price growth, population growth, and income growth, noted that property taxes and insurance increases are the biggest threats to real estate investing right now, but that home prices are dropping in the South, giving investors new opportunities to capitalize.
By the numbers:
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Miami topped the list as the best city for real estate investors, thanks to its high annual price growth and high income rates.
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Phoenix leads in annual price growth for one-bedroom units, with an impressive increase of 11.5% YoY on these small properties.
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Despite other cooling factors, Nashville ranked as the city with the highest personal income growth, an early indicator of increased buying activity, with an annual rate of 5%.
Check out the full report and see if your city made the list here.
REC ROUNDUP
The Friday Five
📖 Backyard inspo. Paige and friends transform a bland backyard into a cozy, luxe lounge area.
👀 What in the wave? See the iconic ‘Wave House’ just purchased by Jared Kushner and Karlie Kloss.
👀 Cantilevered city views. Tour the one-of-a-kind Norwegian Boathouse designed by architect Harry Gesner.
💡Don’t wait for winter. Why James and David think now is the best time to buy—before the election.
💡From TX to NYC. Scroll through the top 10 biggest real estate deals of the past week.
WHAT’S NEW FROM ESTATE MEDIA
Glennda Hits the Road
If your ‘For You’ page is perpetually populated with incredible home tours, unbelievable mansions, and luxury multi-million-dollar estates, our newest series, Glennda Goes Live, is curated just for you. Join Glennda Baker, TikTok sensation and down-home Atlanta real estate agent as she tours some of the most stunning properties in the country—starting with an $18M architectural gem tucked between celebrity homes in the prestigious Hollywood Hills. There are views… then there are these views. Tap to watch now!
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