i currently use ocuplant realty team and denson construction for the 7 properties I have in detroit. did you get a property @Jesse Streng

Several factors at play: the sales market has been slow so many would-be sellers are converting houses they can’t sell to rentals, lots of new construction units have been completed recently, and in-migration has slowed down a bit.

Is this home in the beach a new construction or an existing home?  

I see a lot of new construction in Richmond and Berea as I travel from Lex nearly every day im excited to see how the mega site in Mt Vernon and Richmond grow these areas What surrounding areas of Lexington are you seeing more activity?

If you acquire one new property each year, you could significantly increase your wealth and potentially position yourself to qualify for larger investments, like apartment buildings or construction loans, within 10 years.I’ve worked with clients who have successfully implemented this strategy, and it has proven to be an effective path to building long-term financial freedom through real estate.Good luck with your decision!

I want to learn more. 4.99% for buyers is a game changer selling 6 new construction houses  You just buy down the rate for the buyer.

For some background info, I am 22 years old, and I graduated college in May 2024 with my bachelor's in construction management.

This lead me into Youtube and construction/renovations, which eventually brought real estate and investing onto my radar.

Especially now, I am seeing a lot of people who bought during or right after the COVID pandemic and are in situations where they simply cannot sell their homes for any profit (many of them bought as new construction).

I think that '25 will be a transition year ("end the dive in '25") for the reasons you stated--construction will fall off in Q2-3 but demand will remain...that sparks rent growth.Interest rates:  Yes, flat to up.