First of all, the 10-Year Treasury, which drives rates, has been spiking, so you're investment rates are going to be in the 8s, not the 5s.

I've seen areas where industrial development did lead to a brief spike in housing demand due to job creation, but often, the longer-term implications, especially for residential properties, weren't as positive.

Is it a spike, a bubble? 

Electric can also spike in the summer with A/C.

The same houses spiked at 4 million in the peak.

From what lenders are telling me, another rate spike is expected April 1st.

However some experts I know are predicting a rate spike coming up even tho its fluctuating up and down these days, last i checked from Fannie and Freddie.

Assisted living facilities are turning in the keys to the lenders and just spoke to an attorney yesterday who has seem a huge spike in self storage defaulted loans in rural areas.

This graph shows how despite dips and spikes in the market, the housing market has trended up 106% over the last 20 yearsSOURCE: https://www.visualcapitalist.c...Having that mindset and understanding of how investing in the housing market for the long term is less concerned with where the market currently sits is step 1, but there are still risks investing in real estate if you don't know what a good deal looks like or the pitfalls to watch out for. 

That means we’ve got a lot more downside in prices.This seems like one of the less regulated FOMO STR markets that spiked over the last few years.