In the evolving landscape of the Scranton, Pennsylvania housing market, recent trends are painting a promising picture for potential investors. With an increasingly competitive market and significant year-over-year growth in median sale prices, Scranton offers a fertile ground for real estate investments. Current Market Overview As of July 2024, the…
Month: August 2024
Landlords
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Navigating the Competitive Rental Market: An Essential Insight for Tenants and the Reasons They Feel Boxed Out
In recent years, the rental market has become increasingly challenging for tenants, largely influenced by sophisticated algorithmic software like YieldStar ® (realpage.com) which is designed to help landlords optimize their pricing strategies, but its precision in determining the price point of apartments can inadvertently contribute to a tougher market for…
Investing
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Housing Data Show Median Price Per Square Foot by Region
The real estate industry’s age-old saying — “location, location, location” — remains true, especially when examining the median price per square foot for new homes across different U.S. regions based on the latest U.S. Census Bureau data from 2023: Moreover, in 2023, a significant portion (73%) of new single-family houses…
