Time is the one thing you cannot make more of. It is the true measure of value. The right real estate moves give you more of it.
For owners and buyers of homes, condos and small rentals in Alabama, Florida, Louisiana, Maryland and Puerto Rico.
For investors and business owners across the United States, Puerto Rico, the Caribbean and Central America. Where we are not licensed, we work alongside a locally licensed broker.
Each number comes with what it means for you and where it came from.
Half of homes sold for more, half for less.
Average days from listing to contract.
Months to sell every listed home at today's pace. Under 6 favors sellers.
Fewer choices for buyers than last year.
The most common home loan. Freddie Mac weekly survey.
Higher payment, far less total interest. Freddie Mac weekly survey.
Government-insured loan with a lower down payment and easier credit rules.
For eligible veterans and service members. Usually no down payment.
The largest loan Fannie Mae and Freddie Mac will buy for a one-unit home in the Birmingham area.
The rate for loans above the conforming limit.
Fannie Mae and Freddie Mac allow 3% down on some loans. Under 20% adds mortgage insurance.
FHA asks 3.5% down with a 580 credit score or higher. VA asks none for eligible borrowers.
Vacancy, rent and typical cap rates by property type, in plain English.
Share of warehouse and industrial space sitting empty, including sublease space.
Per square foot per year. Rents keep rising even as vacancy ticks up.
New industrial space being built.
The yearly return an industrial property earns before any loan.
The yearly return a shopping center, store or restaurant earns before any loan.
Stores leased to one tenant nationwide trade at lower cap rates, meaning higher prices for the same rent.
Share of office space sitting empty, including sublease space. Direct vacancy is 16.1%.
Per square foot per year, all building classes.
Very little new office space coming.
Higher than other property types. Buyers want a bigger return to take on office risk.
Doctor, dental and outpatient buildings. Steadier tenants than general office.
Medical tenants invest heavily in their space and rarely move, so buyers accept a lower return than for general office.
HUD's fair market rent, a benchmark for a typical, modest two-bedroom.
HUD's fair market rent for a one-bedroom.
Newer, well-located communities sit at the low end. Older properties needing work sit at the high end.
A wide range. Large climate-controlled facilities sit at the low end, small older ones at the high end.
Storage rents reset month to month, so buyers pay up for strong occupancy and room to raise rates.
Real estate leased to a store operator. Excludes sales priced on business income.
A long lease to a national chain sits at the low end. A local operator on a short lease sits at the high end.
Day care and early learning centers leased to an operator.
National operators on long leases trade at the low end. Single-site local operators trade higher.
The lowest cap rates in commercial real estate. The tenant owns the building; the investor owns the land under it.
If the tenant leaves, the land owner keeps the building. Investors accept a lower return for that protection.
Guides and calculators for buyers who hold bitcoin and want to own property without selling it.
I started in residential appraisal, then residential brokerage. From there I moved into commercial valuation, commercial brokerage and commercial lending. About 30 years in all.
That path shows up in the advice. You get the appraiser's view, the broker's view and the lender's view in one conversation, whether you own a home or an office building.
I am selective. I take on a limited number of clients and properties, residential and commercial, so each one gets my direct attention.
Buying, selling, or just want to know what a property is worth. We'll reply within one business day.