National economic trends, local economy, neighborhood situation, home condition, desirability as a rental, demand factors as a purchase, and too many other factors to mention. 

Hi Nicholas, The DC metro area, including Harford County, MD, has seen strong demand and limited inventory, which can drive prices up.

However there are always things to watch out for: Builders cannot build quick enough now (demand is too high), so a lot of them cut corners; if you have a highly skilled agent they can go to bat for you/keep an eye on the builder as you are out of state.

Agent thinks they just want a price reduction so demanding as much as possible. 

When bonds are sold, these yields go up, meaning investors demand higher returns for the risk.

Here are a few things to consider:Tallahassee, FLRental Demand: Being a college town with Florida State University and other colleges, there’s a steady demand for rental properties, especially near campus.

We have two MTR properties in NKY and the demand seems strong and steady.

They always get a lot of demand. 

The low risk markets, with low cap rates are that way because they are high demand and appreciate quickly.

I think you hit the nail on the head with the STR demand likely decreasing with supply and lower demand after COVID.