🔥 STR Homes for Sale | Scouting Report

HOST FINANCIAL | STR LOAN REPORT

Fed Sparks a Christmas Mortgage Rate Rally for STR Borrowers!

What Fed rate cuts mean: Jerome Powell dovish comments triggers a stock market and mortgage rate rally sending rates lower.

What it mean for STR DSCR loans: The rally created a meaningful rate rally for paving the way for sub-7% rates for STR DSCR loans.

Get a Quote: If you have been on the fence waiting for rates to cool off, right now is your window of opportunity to explore STR cash-out, purchase money, or a bridge STR loan options. (no credit pull required)

TRENDING STR DEALS

🏡 STR Agent (Listing Agent) Posts

Listing Agents | Post your STR Listing - FREE  

• $515k | Historic Galveston, TX: Amazing location! Walk to the beach and Pleasure Pier. Turnkey with hottub! View Post

• $439k | Colorado Springs, CO: This 4/2 STR is in a prime location in the heart of the city, remodeled. View Post

• $499k | Hunter Mountain, NY: Rare opportunity to own an amazing turnkey Airbnb, ski-in/ski-out mountain paradise. View Post

• $229k | Panama City Beach, FL: Owner financing, beautifully updated, and one of the closest condo beach properties in PCB! View Post

• $999k | Scottsdale, AZ: Unique gem, completely renovated, true masterpiece with mesmerizing mountain views. View Post

• $2.5M | Fort Lauderdale, FL: Luxury in paradise, 7 minute walk to beach, completely renovated with amazing amenities. View Post

• $825k | Nashville, TN: Price Reduction! Only 5 minutes to downtown, turnkey Airbnb with rental history. View Post

• $3.495m | Siesta Key, FL: A gem of a property that allows nightly rentals, sleeps 30! A must see! View Post 

• $599k | Freeport, TX: $50k Price Reduction! Slice of paradise, beautiful beach home, turnkey. View Post

• $2.8m | South Padre Island, TX: Very popular turnkey HGTV beach home that has net $250k YTD! View Post

• $1.4m | Rosemary Beach, FL: The ultimate STR in prime walkable location to Rosemary Beach, Alys Beach, and 30Ave! View Post

• $598k | Highlands, NC: Turnkey Blue Ridge mountain retreat average $399 per night and built in 2022 (low maintenance). View Post

• $250k | Red River Gorge: Better ROI than Pigeon Forge and Gatlinburg. Two cabins in recreational paradise. View Post

• $399k | Poconos Lake, PA: Christmas Special! Turnkey Airbnb STR steps from the lake loaced with amenities. View Post

🏡 STR FSBO (Owner) Posts

Owners - Post Your STR FSBO - FREE

• $969k | Deep Creek, MD: Mountain Gem, 5|4, the perfect lake access Chalet with established rental history. View Post

• $332k | St. Augustine, FL: Off market FSBO, weekly and nightly rentals allowed, short distance to beach. View Post

• $200k | Jacksonville, FL: Urgent! Quick Close! Turnkey Airbnb property, need to close fast, before year end for tax reasons. View Post 

• $600k | Athens, NY: Turnkey STR in an amazing lake community in the Catskill Mountains. Loaded with amenities guests love! View Post

• $299k | Greeneville, SC: Price Reduced! Turnkey STR with track record in an mazing city! View Post

• $570k | Cary, NC: Turnkey Airbnb, minutes to downtown, desirable area with many upgrades. View Post

• $950k | Broken Bow, OK: The “Lucky Cat Cabin” offers turnkey Airbnb in a PRIME location in the heart of Hochatowns entertainment district. View Post

• $230k | Panama City Beach, FL: Low price, big revenue. Over 10-13% GRI! Prime walkable beach lifestyle experiences guests love. View Post

🏨 Multifamily

• $6.2m | Jacksonville, FL: Oceanfront, turnkey Airbnb, 6 townhome style apts, 15 beds, 4 ocean front balconies, unique opportunity for ocean front MF in prime destination. View Post

STR AGENT TOP PICKS

$1,794,950 | Flathead River Frontage with 3 Rustic Cabins Near Glacier National Park (Pristine Experiences!)

6 bed | 8 bath | 4851 sq. ft.

💰 Revenue: Each of the (3) cabins is projected to gross $60k-$80k per year. Additional revenue is possible by expanding current units or adding additional units or both! This is a money maker!
🎣 Direct access to 186’ of Flathead River to fly-fish, kayak, swim, float and more, endless amenities for the ultimate guest experience.
🏘 Cabin (A) is 2 bed | 2 bath, Cabin(B) is 2 bed | 4 bath | +Office, and Cabin (C) 2 bed | 2 bath | +Office and Suite.
⛰ Easy access to Glacier National Park, Whitefish Mountain Ski Resort, and endless recreation opportunities.

For more information:

• Contact: John Hayes

• Call or Text: 850-375-4113

• STR Agent: Whitefish and Montana Vacation Towns

$479,000 | Your Guests Will Enjoy This Hidden Vacation Bliss | Ashville, NC

3 bed | 3 bath | 1404 sq. ft.

💰 Revenue: Contact Tyler Coon for details.
⛰ Open Floor Plan with generous living space, kitchen island, loft area with game room.
💧 Hot Tub with fenced back yard, and conveniently located to Ashville and few miles from several local attractions.

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!

Zillow November 2023 Housing Market Report - Buyers Find a Bit Relief

What is happening here:

Affordability improvement and lower mortgage rates and a slight cooling of home values in November improved affordability. Price cuts are more common, indicating negotiable prices. Choices still limited compared to pre-pandemic levels, but inventory is now on the rise in a growing number of markets.

Market dynamics are changing as competition for attractive listings remains high in the low-inventory environment, with homes still selling faster than pre-pandemic. Sellers are now responding to affordability challenges by strategically dropping list prices in multiple markets (price reductions popular).

Market is shifing as home shoppers and sellers are experiencing early holiday surprises with falling monthly mortgage costs, inventory normalization, and an increase in price cuts. More sellers returning to the market who want or have to sell now after nearly two years of low new listings.

Why Does It Matter:

Buyers: The market presents a more affordable window for buyers due to lower mortgage rates and increased price negotiability. The shrinking inventory deficit may offer more options, although choices are still limited compared to pre-pandemic levels.

Sellers: Sellers face continued high competition for attractive listings, but the market is responding to affordability challenges. Dropping list prices is a common strategy, and sellers should stay mindful of the ongoing competition in the low-inventory environment.

What to Watch:

Market Trends: Keep an eye on ongoing shifts in home values, mortgage costs, and the inventory landscape. Monitor if the positive momentum in new listings continues and if affordability challenges persist.

Seller Strategies: Watch how sellers adapt to higher mortgage rates, with a potential increase in price cuts. Sellers should stay flexible and responsive to market dynamics.

Buyer Behavior: Observe how buyers respond to the market changes, including affordability improvements and increased negotiability. Keep an eye on the pace of home sales and buyer decision-making in the current environment.

Zillow - Read Full Artilcle

INDUSTRY NEWS NUGGETS

👮‍♀️ Airbnb to Pay $621m: Italy prevails in tax dispute with Airbnb, signaling a crackdown on massive tax evasion. Another setback for Airbnb. CNN

💰Airbnb Top Execs Cash Out: Three top Airbnb executives recently sold 162,462 shares, with prices ranging from $140 to $141.52 per share Seeking Alpha

📉 Airbnb Stock Downgraded: Airbnb shares dipped early this week following Barclays' downgrade amid concerns about the fading pent-up travel demand. Investor Business Daily

 ☩ Institutional Investors in The Crosshairs: New Senate bill introduced this week targets hedge funds and Wall Street SFR owners, aiming to phase them out of Main Street homeownership in the next 10 years. Yahoo 

⬇️ Falling Rates & Home Prices: Billionaire investor Jeffrey Gundlach predicts housing prices to fall as lower rates unlock housing supply. Business Insider

⛴ Boatloads of STR Revenue: 32-year-old making boatloads of money renting out his (2) boats working only 30 minutes a day! CNBC 

🌉 San Franciso Home Prices Tanking: Median home prices sink to levels not seen in the past 10 years. Newsweek

💣 Great Recession Sized Correction: Rohin Dhar, vacation rental investor with several Airbnb’s predicts the housing market is a ticking time bomb. Newsweek

🥶 Goldman Sachs Housing Prediction: The frozen housing market expected to thaw over the next few years according to Goldman’s chief strategist. Business Insider

🇨🇦 Times Up for STR in BC: A 7 Year Airbnb business veteran in BC says the new STR laws in BC will put her out of business by May-2024. CBC

🌵Sedona Pays STR Owners to LTR: New “rent local” program in Sedona, AZ pays STR owners $6k to $10k to convert STR’s to LTR’s for locals. AZ Family