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When you sell a home, set your asking price based on the current market value determined by an appraisal or a comparative market analysis (CMA) done by a licensed realtor.
The available housing inventory in the US was down 30% in August compared to the same time last year.
The Capitalization or Cap Rate for a property is the ratio between its net operating income (NOI) and the property’s value: Capitalization Rate = Net Operating Income/Value You can transpose the formula to solve for property value or net operating income: Property Value = Net Operating Income/Capitalization Rate Net Operating Income = Property Value*Capitalization Rate
Soaring Lumber Costs Could Push New Home Prices Higher.
