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Marsha Ashlock has joined the Visions/Frontline family bringing her experience and expertise in representing buyers, sellers, and investors through the home buying and selling processes. She’s been licensed for over twenty years; beginning her career at Coldwell Banker where she earned her ABR (Accredited Buyer’s Representative) and was honored as a multi-million-dollar producer.
In 2003, Marsha made the decision to join another company that would more readily expose her to the investor genre of the industry, which she was very intrigued with. She worked in coordination with the property managers to help locate properties that would work in the best interests of the investors while still serving buyers and sellers needs. Throughout the years, she has consistently focused on expanding her knowledge and expertise enables her to not only locate suitable investment properties but also rehab them, if necessary, to optimize the rent the property managers can achieve, or to sell if that’s the owner’s goal. As an investor herself, she is aware of the concerns and pitfalls investors have as well as appreciates the value of good property management!
Marsha enjoys DIY projects and has a son and a daughter which she takes great pride in. She says that “nothing is more important than family” …. but also, that “I’ll always be grateful for all the amazing relationships I have been fortunate enough to have because of my career in real estate! I am truly blessed!”
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As an investor, it is really important to stay up to date with the current weather of the housing market to know what your next move should be.
The last 2 years brought a lot of change to the whole world, and with inflation in the USA rising, the real estate industry has been tricky too.
Keep reading to learn more about how to best move forward with your investments in Texas.
From May 2021 to May 2022, there was a 7.4% decline in house sales, going from 636,507 to 589,146 due to increases in mortgage rates according to a study by Redfin. It is important to keep in mind that Texas’ housing market has historically acted differently in times of crisis than the rest of the US.
In this case, in Texas, there was only a 4.3% decline in house sales, but a 19.2% rise (4 times greater than the growth in income!) in prices in the same period of time, while the rest of the States only had a 14.8% increase. Austin is the second most “overvalued” housing market in all of the United States, with the median cost of houses being $589,600. The rest of Texas isn’t far behind, ranking in 18th place of the whole nation.
It is also important to note that a lot of people decided to move to the Lone Star state during the pandemic in search of better weather and more opportunities thanks to the increase in jobs that allowed remote working, with huge companies like Hewlett Packard Enterprise, Oracle, and Tesla moving their headquarters from California to Texas, which also impacted the price of properties.
In addition, houses are taking longer to sell than in previous years and the inventory of houses being sold has taken a hit, with an inventory of 729,000 listings in February of this year, 25% fewer listings than last year, and 48% fewer than in 2020 according to Zillow.
But will this get better? The general consensus among housing economists is that with the huge rise in mortgage rates, the demand for home buying will fall which will, in turn, give the market a chance to cool down and stabilize.
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Jay Hartley MPM®, RMP®
Owner - Managing Partner
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Office | 817.377.3190
Direct | 817.288.5546
Frontline Property Management, Inc.
3000 Race Street, Suite 132
Fort Worth, TX 76111
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EXCLUSIVE INVESTMENT OPPORTUNITY! |
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Frontline Property Management, Inc. is thrilled to present 1501 Cedar Elm as a well-established investment opportunity suitable for any season of your investment journey! This property boasts 10 rental units, all with attached garages and additional parking!
Nestled in Mid-Cities, with easy highway access to the entire DFW Metroplex and just 15 minutes away from the DFW International Airport, this property is sure to attract a wide variety of tenants willing to pay a competitive rent rate in order to reside in a centralized and established community. Each of the units features a 1 car garage with openers, in-unit laundry hook-ups, a fireplace, and spacious interiors.
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Disclaimer: This is designed to provide general information regarding the subject matter covered. It is not intended to serve as legal, tax, or other financial advice related to individual situations. Consult with your own attorney, CPA, and/or other advisor regarding your specific situation. |
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