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🔥 STR Homes for Sale | Scouting Report

🆕 $171k STR Boutique Studio Condos | Portugal

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Happy Holidays - STR Scouts!

Welcome to this week's brief STR scouting report featuring Short-Term Rental (STR) homes for sale, market trends, and the latest news nuggets.


✅ Resource Round Up: STR tools and resources from our trusted partners to help you manage and grow your STR business in 2024!
Luxury condos in Portugal sourced by our trusted partners for under €155,000 (about $170k)!
Turnkey STR Homes for Sale: Trending Airbnb deals and STR picks.
✅ Miami STR Conference: Join us at the IMN STR conference in Miami! Save 20% with our exclusive STR Scout coupon code!
✅ News Nuggets: Trending STR news and numbers this week!
✅ SFR Rental Rates: 68 out of 100 rental markets are decelerating at a rapid rate!

The STR Scout Team

Thank you for supporting our trusted STR industry partners who help make our newsletter possible. We appreciate your support!

🤝 Interested in belcoming a partner for our STR community? Reply to this email to get in touch.

 

🌇 €155,000 | Portugal: Value like this is hard to find in the U.S! This deal was discovered and toured by our global scouting partners. Key highlights.

  • Strategic Location: Nestled along the northern coastline, Matosinhos, a fishing town, is a short 10-minute drive from Porto and its international airport.

  • Tourism Appeal: Recognized by the Financial Times as the 3rd “European Cities and Regions of the Future” for 2022/23.

  • Luxury Real Estate Growth: Porto identified as the 10th fastest-growing luxury real estate market globally, with a growth rate of +12.7% in 2022.

  • Rental Surge: According to Idealista, rental prices in Matosinhos surged by 36.6% in the year leading up to January 2023.

View Property Details (13 units total and going very fast)

Discover Seaside, hand-picked and toured by our trusted world-wide scouting partners.

Freddie Mac 30yr Mortgage
(Weekly 12/14)
6.67 (-.28 since last week)

U.S 10 yr Treasury Bill
(Weekly 12/15)
3.89 (-.02 since last week)

TRENDING STR DEALS

🏡 STR Agent (Listing Agent) Posts

🏡 STR FSBO (Owner) Posts

STR AGENT TOP PICKS

$750,000 | Authentic Montana Cabin just outside Glacier National Park

💰 Revenue: Projection $120k+ and opportunties to add additional units.
🏘 Over 7 acres of space with room to additional rental units.
🎄The finest Montana living with authentic log cabin experience and access to thousands of acres of national forest.
Amazing views twith massive windows and outdoor living space.

For more information:

  • Contact: John Hayes

  • Call or Text: 850-375-4113

  • STR Agent: Whitefish and Montana Vacation Towns

$499,900 | The Ultimate STR Getaway in Black Mountain, NC for Under $500k!

💰 Revenue: Low: $65k | Avg: $80k | High: $108k
🏔 Located near Black Mountain recreation park, craftsman style, open floor plan, planked floords, fenced back yard, sleeps up to 8 guests.

For more details:

Contact: Tyler Coon
Call or Text: 828-620-2541
STR Agent: Ashville and surrounding communities
[email protected]

STR EVENT - MIAMI SHORT TERM RENTAL CONFERENCE

The 2ND Annual Short-Term Rental (Winter) Conference Miami: Connect, Innovate, Learn.

What is it: This is THE annual STR meeting to connect with STR industry professionals to learn, transact, network, and grow.

When is it: January 9-10, 2024

Where is it: JW Marriott Turnberry Resort - Miami (Aventura).

Why attend: Network with 500 to 700+ attendees, 75+ industry experts, 45+ exhibitors, and STR industry leadership teams.

Exclusive Member Discount: STR Scouts get a 20% discount off the ticket price! Enter coupon code “STRVIP20” at check out to get your discount!

🙏 Share the coupon code with all your friends and business associates and they will also save 20% off the event price!

INDUSTRY NEWS NUGGETS

⬇️ Median Home Price Drops 6.3%: Some relief for buyers, median sales drops 6.3% from peak in June 2022 and listings are on the rise. Wolfstreet

📉 New Home Prices Drop 18%: Latest trend for new home builders include; mortgage rate buydowns, smaller houses, fewer amenities, and reduced prices for new home builders. Wolfstreet

🧊 Housing Market Thaws: The frozen housing market is starting to thaw fueled by lower mortgage rates. Redfin 

🆕 2024 - a New Realtor Model: NAR lawsuits will change the way Realtors get paid. Here is a look at how new agent payment models may emerge in 2024. Business Insider

🚄 Choo Choo: Mexico opens its first stretch of the Mayan train in Mexico! This $20B project that will reshape tourism on the Yucatan. NBC News

🗯 Bubble Set to Pop: Legendary Jim Rogers says stocks, bonds, housing, all set to pop and harsh recession looms on the horizon. Here are his 9 best quotes. Business Insider

By The Numbers

9 million: The number of students who missed their first student loan payment in October (40% delinquency rate). NBC News

7 Quarters: 30 day delinquencies on Auto and credit card debt have risen for 7 straight quarters. Reuters

1+ Trillion: U.S credit card debt levels have surpass 1+ Trillion and are now at all time highs as consumers continue spending spree. Reuters

30%: Corporate bankruptcy’s soar 30% in past 12 months as Zombie companies lose their lifeline (debt). Financial Times

SFR Real Estate Rental Market Insight

Apartmentlist.com is reporting that after experiencing tremendous rent growth in 2021 and the first half of 2022, the U.S. housing market has decelerated quickly.

  • A confluence of high inflation, high interest rates, and low consumer confidence quelled housing demand towards the end of 2022, and the final four months of the year produced the steepest monthly rent drops ever measured by the Apartment List National Rent Index.

  • In 2023, many cities that saw rents skyrocket early in the pandemic are cheaper today than they were one year ago.

  • The map and data below will be updated every month in order to track the cities that are finally experiencing a break in rent inflation. Track the trends at ApartmentList.com.