Bradley Johnson - Real Estate Intentions

Bradley Johnson - Real Estate Intentions We specialize in innovative real estate solutions that create win-win opportunities for home sellers, buyers, and investors.

With a focus on seller financing, distressed properties, and as-is sales. With a focus on seller financing, distressed properties, and as-is sales, we bring decades of combined experience to help our clients achieve their unique goals in today’s dynamic real estate market. Whether you’re a homeowner looking for a stress-free sale with steady income, a buyer searching for flexible homeownership opt

ions, or an investor seeking high-potential properties, our mission is to simplify the process and maximize value for everyone involved. We pride ourselves on transparency, professionalism, and a results-driven approach that turns challenges into opportunities. By combining market expertise with personalized service, we empower our clients to make informed decisions and achieve lasting success. Our Promise:
To guide you every step of the way, delivering tailored solutions that prioritize your needs, your goals, and your future. We’re your trusted partner in building a better tomorrow.

Mortgage Applications to Buy a House just dropped 39% YoY in March. That was the worst March performance since 1995. Dif...
03/30/2023

Mortgage Applications to Buy a House just dropped 39% YoY in March. That was the worst March performance since 1995.

Difficult to see how a "recovery" in Housing is occurring with this data. But the true news story here is just how bad homebuyer demand still is.📉

Trouble is - that's a "boring" story at this point. News outlets need a way to drive clicks. So they seize upon small sales gains on a monthly basis to craft a new narrative of "recovery".

But nothing has substantially changed about the Housing Market. Prices and rates are still too high. Buyers can't afford it. Check out in Austin, TX for instance. Monthly House Payment for new buyer of $3,600. Compared to $1,800 two years ago.

As a % of Income it looks even worse.

Annual house payments for new buyers in Austin are now 47% of the area's median income. That's way too high. Quite literally - many people can't qualify for the mortgages needed to buy houses today.



https://twitter.com/nickgerli1/status/1641478699378950145?s=46&t=K4LYIAkit9yXC0_7udoHdQ

Single-Family Homes UpdateSingle-family home sales fell 29.9 percent in January, with 4,549 units sold across the Greate...
02/18/2023

Single-Family Homes Update
Single-family home sales fell 29.9 percent in January, with 4,549 units sold across the Greater Houston area compared to 6,492 a year earlier. Pricing continues to moderate after reaching record highs last spring. January’s median price increased 1.6 percent to $315,000 while the average price rose 1.5 percent to $381,983. Those are the lowest price increases since October 2019.

For a pre-pandemic perspective, January sales are down 4.6 percent compared to January 2020, when a total of 4,772 single-family homes sold. The median price then was 34.0 percent lower at $235,000, and the average price, at $289,952, was 31.7 percent lower. Sales are 1.9 percent ahead of where they were five years ago, in January 2018, when volume totaled 4,462. Back then, the median price was $218,950 and the average price was $271,087 – reflecting pricing jumps of 43.9 percent and 41.0 percent, respectively.



https://www.har.com/content/department/newsroom

Here’s a critical indicator that renters will see renewal rent increases cool quickly & significantly this year, leading...
02/15/2023

Here’s a critical indicator that renters will see renewal rent increases cool quickly & significantly this year, leading to more competition for renters, more renter turnover, and challenges for value-add investors dependent on large trade-out.

This is “loss to lease"...

"Loss-to-lease" is the discount an average in-place renter receives vs today’s market rent for new renters.

As a general rule of thumb: The larger the loss-to-lease, the larger the renewal increase, as operators try to bring rents closer to market.



https://twitter.com/jayparsons/status/1625871529459195906?s=46&t=sniKNcWgrKIvCiILn9xBAw

The average 30-year fixed mortgage rate jumps to 6.75%; a new high mark for 2023.
02/15/2023

The average 30-year fixed mortgage rate jumps to 6.75%; a new high mark for 2023.

Austin has 3x more homes on the market today compared to one year ago.Expect home prices to continue crashing in the met...
02/04/2023

Austin has 3x more homes on the market today compared to one year ago.

Expect home prices to continue crashing in the metros on this list throughout 2023.

1) Austin is a spectacle to behold.

Inventory surged from 1,762 to 6,350 in one year (+260%).

What's more - Inventory in Austin is now 34% above the long-term average for January over the last 7 years.

Address

Houston, TX

Telephone

+15125227409

Website

Alerts

Be the first to know and let us send you an email when Bradley Johnson - Real Estate Intentions posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Shortcuts

Share

Category