Top markets for soaring rents 📈

Today’s top stories…

• Atlanta, Dallas and more: top rental markets

•  Turkey, Russia global real estate standout

• Realtors brace for fee cuts. Ouch.

• 🔥 Deal of the Day! 🔥: 3 bd | 2 ba | Dripping Springs, TX

Today’s mortgage rate (30 Yr. Fixed): 7.15%

Atlanta and Big D Shine for Rentals

The data shows Atlanta and Dallas as top rental property markets right now. Atlanta has high demand, with 55% renter-occupied households and climbing two-bedroom rents hitting $2,237. Appreciation stands at a tremendous 28% annually. Population and jobs are booming in Atlanta too - expect 2.9 million more residents and 1.2 million additional jobs by 2050.

Dallas also shines. 59% of households rent, and occupancy recently hit 92.4%. Incomes match the national average, while unemployment trails at just 7.9%. Prices sit affordable at a $385K median. Experts are watching Charlotte and Phoenix too. Charlotte rents are up double-digits and a mild climate draws families. Phoenix expects 11% population growth, fueling 28% rental rate growth in 2022 alone, though prices remain accessible.

Data shows Atlanta, Dallas, Charlotte and Phoenix have the demand, prices and growth for profitable rentals right now. You should be tracking Birmingham and Tampa too - appreciation potential seems high. Wherever you invest, consult local experts and run the numbers yourself.

Reddit’s 🔥 Global Markets

For real estate investors looking globally, Reddit users highlight Turkey as today's hottest international market. Turkey saw residential prices leap nearly 60% this past year alongside 4% GDP growth, showing a strong economic engine behind the real estate surge.

Redditors also called out Russia and Hungary as markets to watch. Russia impressed with 11% annual home price appreciation against 2% national economic expansion. Though, Russia comes with it’s own issues. 😬 Hungary posted similar 7% price hikes despite GDP slipping 0.3% - though future growth potential still seems high.

Investors on Reddit recommended Singapore and Japan for more stability than emerging markets. Singapore delivers steady 1% GDP growth alongside 6% annual gains for residential real estate. Japan saw similar GDP and housing price increases over the past year. While Singapore real estate comes at a premium, Japan offers more affordable opportunities.

When vetting global property investments, consulting multilingual legal experts is essential. While international real estate can turbocharge portfolio diversification, these markets also carry unique risks related to regulations, taxes, currencies, and more. Whether targeting assurance through Singapore and Japan or high yields in Turkey and Russia, Reddit's user base highlights paths to tap into new foreign real estate frontiers.

Commission Drops Could Shake Realtors

The data shows commissions could fall 30% after October's landmark antitrust verdict against Realtor groups. Some optimism exists - lower fees may improve transparency. But incomes seem set to drop, perhaps radically.

Expect an agent exodus. Large brokerages could lose 80% of agents if commissions decline significantly. Most agents work part-time already, averaging just thousands a year. These dabblers seem poised to exit fast.

Full-timers face pain too but offer professional expertise. They handle marketing, showings, negotiations and endless paperwork, including on nights and weekends. Costs like staging and advertising are steep, while brokers take splits up to 50%.

Still, public perception plagues Realtors. Reality TV fuels images of fast-talkers pocketing big, seemingly arbitrary paydays. Yet sellers aren't forced to hire agents, and creative fee structures exist. Lawsuits continue, but entrenched political interests may prevent radical industry shifts.

Market turmoil seems certain in the short term. Long term, higher-quality agents could emerge. But for now, lower commissions seem imminent. Expect agent frustration, vanishing part-timers and calls for consumers to better understand exactly how hard real estate work can be, despite flashier public stereotypes.

🔥 Deal of the Day! 🔥

Price: $949,900

Address: 1501 Myers Creek Rd, Dripping Springs, TX 78620

This home offers a serene hill country retreat, ideal for a vacation rental, with its stunning location nestled against a bluff and beside the seasonally flowing Roy Creek, surrounded by majestic oaks and rock formations. Its proximity to local attractions, combined with the privacy and tranquility of nearly 6 acres of natural beauty, flexible living spaces, and the option to come fully furnished, makes it an unparalleled choice for those seeking a unique and private getaway with all the comforts of home and the potential for additional development.

Airdna data:

Estimated monthly payment: $6,598/month (if financed)

Estimated monthly revenue: $4,133/month

Cashflow excludes additional operating expenses. Always confirm local regulations, HOAs and permits before purchasing a property.

See you tomorrow!

✍️ Brett