Fannie Mae’s Home Purchase Sentiment Index for January 2024 climbed 3.5 points to 70.7, the highest figure since March 2022.

Gerardo here.I'm a New Real Estate Investor from Mexico.I was reading about the latest news that Fannie Mae expects a "mild recession" in the next few quarters.Fannie Mae Expects a Recession as Mortgage Rates Continue to Climb—An Opportunity for Investors?

Climbed in 86% of all metro areas in Q4 2023 up from 82% in the previous quarter.

We haven't slowed down in the slightest even as rates have climbed.

I will pass.( the LARGER the risk/ loan/cash/ time… the LARGER I require in likely return.)b) RENTAL …same INITIAL investment… at the end… property value ( ARV)..MUST be great enough to1) refi… 2) All cash out is back.. 3) Cash flows positive enough to build ( any situation) 6 month cash backup.4) Property MUST have enough equity so that if I needed to sell TODAY… I won’t lose cash.The above requirements “ appear” to be unrealistic ( todays market) … ONLY becausea) non mature / non savvy “ investors are climbing over each other to out bid on over priced “RETAIL” properties being marketed as “ wholesale deals”b) the Gurus and Real Estate Investor Associations are NOT doing their NUMBER ONE JOB… which SHOULD be…To..”

Building from scratch is a ton of work, I do most of it myself, and it's 9 months of climbing a big mountain.

If mortgage rates climb up again then no appreciation or price depreciation.  

Now R3 owners know their properties are going to increase in value, rents are going to climb over the next few leasing seasons, and it might pay off to hold out on listing their student property.

I surf, I climb, I love the mountains and hiking so any of that feels interesting.

DM me the address and I can look to see what is your wall to climb.