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2022 U-Haul Report Reveals Texas and Florida as Great Multifamily Investing Opportunities

U-Haul ® is the largest rental truck company in the United States. The U-Haul Migration Trend Report: 2022 Edition is based on data collected by U-Haul International’s nearly 450 franchise dealerships and reflects more than 94 million moves handled by U-Haul during the past year. This Is Great News!  Key Findings From the Report Include: Texas was the No. 1 destination for one-way truck rentals from another state in 2022 — followed closely by Florida, California, and New York. Texas took top honors for moving into the state with Louisiana (No. 2), Indiana (No. 3), and Oklahoma (No. 4). Florida was also a popular destination for incoming one-way truck renters from other states, including Georgia (No. 5), South Carolina (No. 6), North Carolina (No. 7), and Alabama (No. 8). The U-Haul report shows that Texas and Florida have been consistently popular destinations for one-way moves due in part to their strong economies and growing populations. Other states that have significantly increased one-way truck rentals include Arizona, North Carolina, and Tennessee. Related: Austin Housing Market Predictions 2022-23 The report also noted that many of the states that have experienced the most growth in one-way truck rentals are located in the South and Southwest regions of the United States. This suggests that many Americans are moving to these areas in search of better job opportunities, lower costs of living and more desirable climates. The Top 8 Growth States For 2022 Are: Texas – 1,065,055 trucks Michigan – 918,188 trucks Georgia – 875,717 trucks Florida – 796,324 trucks California – 749,942 trucks New Jersey – 672,619 trucks North Carolina – 651,843 trucks Illinois – 536,043 trucks Bottom Line Overall, the U-Haul report provides valuable insights into the current state of migration in the United States. For example, it shows that Texas and Florida remain popular destinations for one-way moves, while several other states in the South and Southwest are also experiencing significant growth in this area. Higher populations and in-demand markets helps position more apartment demand and solid multifamily occupancy rates. Join Us For A Daily 60-second Coffee Break Series For Passive Investing In Commercial Real Estate With James Kandasamy, The Best-selling Real Estate Author And Mentor.

Austin Housing Market Predictions 2022-23

The Austin housing market is shifting. The market reflects what is happening in other major cities across the country. While activity appears to have slowed slightly in recent months, home prices in Austin are still on the rise. Home values are over 13% higher than they were in June 2021, when compared with historical averages of 5-6%. As a result, the Austin real estate market is exhibiting indications of slowing down. However, it should be noted that fewer homes are being sold than in previous years. The trend of a slowing growth rate in sales indicates market stabilization, but the demand is still outpacing the supply in a market where housing prices have reached all-time highs. As a result, Austin home prices are skyrocketing, and buyers are bearing the brunt of the burden. Low inventory, high buyer demand, and rising prices will continue throughout the year; however, there are signs that the market will eventually cool off when inventory rises or prices reach their apex. The median sales price is surging in double digits and will continue to rise over the next twelve months. The Austin Board of REALTORS®‘ Mid-Year 2022 Central Texas Housing Market Report shows that a triple-digit gain in active listings year over year pushed housing inventory levels over 2 months. The market is moving towards pre-pandemic sales activity and inventory. The Austin market is not balanced, and it still favors sellers. Homes still closed at over 100% of the list price on average in June. Residential home sales declined 20.3% year over year. There is an influx of homes on the market. The median price rose 13%, setting a record of $537,475. New listings jumped 19.6% to 6,160. Housing inventory increased to 2.1 months of inventory, up 1.5 months from last June — a sign of a seller’s real estate market. Austin Housing Market Predictions 2022-23 Austin’s housing market is likely to continue the trend of recent years as one of the hottest markets in the nation. The biggest drivers of residential real estate demand are Austin’s economy, which has diversified and strengthened over the past two decades, and companies like Google and Tesla moving operations here. As more companies move here, that means more people looking for homes, and Austin is also attractive to outside investors. With a steady influx of job creation in the pipeline, the housing market will continue to post strong numbers well into 2022. Big companies moving here will also play into what happens to the housing market.Corporate relocations are at an all-time high and the housing demand is rising rapidly. Because of this, the supply cannot meet the demand, and this region has a higher probability of withstanding economic downturns.According to their report, the value of the Austin Metro housing market grew by $141 billion or 126% in the past decade. In 2010, the market was worth about $111 Billion. In 2019, Austin’s total housing value grew $22 billion or 9.5%, year-over-year.NeighborhoodScout’s data shows that real estate in Austin has appreciated 169.47 percent over the last ten years, which is an average annual home appreciation rate of 10.42%. This figure puts Austin in the top 10% nationally for real estate appreciation. During the latest twelve months, Austin’s appreciation rate was 26.34%.According to the Zillow Home Value Forecast (ZHVF), Austin-Round Rock Metro’s home values have gone up 25.2% over the past year and are expected to rise by 7% by June 2023. Austin High Rise Deal Coming Soon..!!! Stay Tuned for more updates. If you would like to be notified of our future opportunities, please join our investor network below.  Join Our Investor List


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