Smaller markets that didn’t have as much of an appreciation spike didn’t suffer as much.FYI as of recent (Q1 2020 data), "big" markets in Washington state such as Seattle, Bellevue, Tacoma are less overvalued (based on price-income relationship at the county level) than the state itself.

They were purchased before the market spiked and the rates followed. 

Historically this is what has happened.There have been way more drastic spikes and drops than what we have experienced in the last 6 months (1980-1983, 1994, 2001, 2013)Long Term Hold Is Still A Great InvestmentAverage annual appreciation over last 22 years – 5.7%Active SupplyUp 90% in 9 weeks!!!

She should get her own show flipping with that rehab addict on throw in Spike.

In said instance, if you were to accept section 8 tenant(s), your cap rate could spike!

Such a big spike from March and then back down.

I had 3 Investment Properties and had left my job in 2004, mainly because I didn't need to work again with those already owned Investments.However, I made plans to quit my Corporate Job and decided to pay off one of my Investment Properties in order to increase the Cashflow to make sure I have my cost of living expenses covered.Hopefully all of your 1st Mortgages are Fixed Rate so that they won't get killed should Rates continue to spike. 

Those of us who see that as a buying opportunity will displace those who are a hazard to our community and the public AND the new owners will benefit.In the mean time hunker down as Covid spikes again and remember the communicating on Bigger Pockets and with your favorite Toledo property manager are safe ways to develop your real estate skills while staying safe!

If you get a well located property in the Tampa market, with modern finishes and well designed/furnished with appropriate amenities, you can still cashflow even with optional management and the high rates.I do firmly believe when rates go down in 2024 demand will spike and so will values, so I think buying now is still a good idea.

Not only is this shortage of foreclosed listings causing prices to spike, but it's also causing many buyers to be placed into several bidding wars before they actually get an offer accepted.