If they are asylum seekers they will likely find casual work until they can get a temporary work permit.

At this point it is probably a temporary protection order. 

While this could lead to a temporary softening in rental demand, it also opens up opportunities for investors to acquire properties at more favorable terms.ConclusionThe recent drop in mortgage rates to their lowest point since May 2023 presents both opportunities and challenges for the housing market.

It is temporary, convenient, and necessary.  

We are starting to see more and more demand from corporate entitities at our MTRs whether that be from companies providing for their executives or skilled laborers, or insurance-associated temporary housing. 

I'd also network with other Realtors to identify clients relocating to the area looking for temporary placement while they find or build their new home.

If you can buy and hold, you will make money in the next 3-5 years, even though you may have a temporary negative equity experence. 

It might not be a permanent solution however it does keep things organized for a temporary amount of time, if needed.

I am convinced that we are a headed for a major recession and temporary decrease in property values, but you have to have money to take advantage of the buying opportunities.Hope this helps.

Once they jump that hurdle and continue to jump hurdles they will be happy they overcame that temporary fear.