Are investors still buying?

[Javaras Thomas]

Hello, 

We all know whats happening in the stock market and with interest rates but have any professional out here see any slow down in properties sold or any lenders requiring more than usual terms? 

[Brad Jacobson]

Hey Javaras,

Here in the Utah market, the market has seriously slowed but it feels like a breath of fresh air to me.  Properties are still moving in a 2-3 week period as opposed to the 2-3 days it was the past few years.

Lenders aren't requiring anything more than before, just the proper qualifications to have the proper DTI for 5-6% rates which definitely lowers buying power compared to the 2-3% we had prior.

Don't let the market shift scare you!  Keep finding good deals.

Good luck!