All Forum Posts by: Cody Roberts

 I was curious about this area as well. I get mixed reports. 🤷‍♂️ 

 Can you elaborate?

If next month continues this trend, our outlook remains positive. However, if the CPI rise above 3%, no significant changes will occur. We need at least two to three consecutive months of downward trends before the Federal Reserve considers cutting rates. It's encouraging to see some small movements in the rates, but job growth also needs to soften.

We're likely still in a "wait and see" phase. However, once the Fed cuts rates, even slightly, it could have a significant impact. As the saying goes, for every 0.25% drop in rates, another million buyers become eligible.

Our population is not keeping up with our economic demands with low birth rates and aging demographics. Is there potential for AI and robotics to mitigate the impact of this trend by filling workforce gaps and maintaining or increasing productivity? 
Just a thought and I do agree that we are not taking AI seriously enough. 

If you're considering it as a vacation spot as well, look for an area that excites you and offers interesting attractions. Ensure it has enough appeal to be a successful STR (short-term rental) too.

I'm curious to hear everyone's thoughts on the upcoming CPI release tomorrow morning. Do you think we'll finally see a decline? Is inflation trending in the right direction yet? My prediction is that we'll see a figure below 3.27%, but still above 3%.

This method, known as seller financing, can be executed in several ways. In my opinion, the most effective approach is to close on the property and take title. The seller then assumes the first lien position as the mortgage holder, allowing you to negotiate the interest rates, terms, and payments creatively. The downside is that the property must be free and clear of any existing mortgages for this to work. If the seller has an existing mortgage, you can purchase the property on contract, but this option carries more risk since you won't hold the title.

Hope this helps. 

Bankruptcies have surged by 17%, if the trend continues, it could mean recession. While I acknowledge the current housing shortage, an economic downturn with rising unemployment could mean people can't afford homes, driving down prices. The memory of the 2008 housing crisis still lingers, but I don't foresee a repeat of that situation. A recession is part of the economic cycle, and as many have on here have said, be prepared to scoop up some great deals.

yes