For each of the SMA you can see which areas are growing and which areas are declining. 

I live in North Georgia and a few people have said the town in general has declined since the casino was built but I figured that would draw more interest and the numbers still look pretty good.

@Sean MacDonaldI think you summed it up in your observation of your clients, it's very typical here in the valley that the number of transactions will decline right before an election and then those buyers just like your clients will get back in and the number of transactions will pick back up in the months following the election.

Cash flowing at 5% down was possible about 3 years ago—but that ship may have since sailed.Now, you’re left with two options: you can either pony up more cash per deal, or you can potentially look out of state for markets with more favorable rent-to-price ratios.Or…you can wait for rates to decline, but I don’t know how much a 100 or 150 basis point rate cut in the next year will really move the needle.That said, some firms (usually new construction companies, turnkey providers, etc.) will enter into forward commitments with lenders at institutional rates and then pass cost interest rate savings onto end buyers to entice them to purchase a property.

the deep hood period.now you have Aaron driving by and saying bad neighborhood on the decline he I am sure is being politcly correct and being nice.. so read between the lines..  

He told investor to invest at ground up dev. while cap rate is below SOFR/interest rateb) His project is like 75% LTV with 7.5% fixed and purchase at 3%-ish rate LOLc) well at least he's not using floating, but still, asking LP to invest at ground up dev is crazyD) you only one chart to understand CRE, buy only when everything is streamline, buy when cap is declining after period of stabilizaiton , buy when fed rate going down or stable. 

In cities with significant and sustained population growth, rents and prices will rise faster than inflation, enabling financial freedom.Conversely, rents and prices rise slowly in cities with static or declining populations because the current housing inventory is sufficient.

Please let me know if you have any questions.November 2024 Market UpdateOur market updates over the past 2 years have hopefully prepared you for the declining market that we are currently experiencing.

It would be ideal to get some sort of large study done on this.Furthermore, if you sold in a buyer's market, your thought may be skewed.If your portfolio was in a market that was declining in value.I am not saying that the above situations applied to you but it would be good to get a large study on this.Furthermore, if we are talking about more expensive homes being a better investment?

However, if interest rates continue to decline, I might consider refinancing some of them to improve my liquidity position.