(This is in the Southeast part of the country.)Market FundamentalsPopulation Growth: 1.8%Median Household Income: $77,573Wage/Income Growth: 7.3%Unemployment Rate: 4.2%Job Growth: 2.7% (slight decline last 2 yrs)Home Ownership Rate: 59%Median Age:  35Employers are stables between Health, Tech., National Retailers & Shipping Companies, local schools and BankingCrime is 1.06 Violent Crimes & 9.82 for Property CrimesSchools are on average 6/7 out of 10. 

This price growth is largely driven by continued low inventory levels, which have kept competition high among buyers, even as average days on market have increased to 36 days​(Nest Realty)​(Garretts Realty).In Southern Indiana, activity is up with new listings growing by 8.2%, though sales have seen slight declines.

Lender 1's rate is 9.49% on a 30 year fixed and Lender 2's rate is 7.5% on a 30 year fixed and both have a 5 year declining prepay. 

Back in the day when I sold rural ranch lands pre google earth you needed to be able to read and understand USGS quad maps and a compass and understand from certain points on the ground you had compass declination's just like when your flying. 

Timing wise as well, though the good STR properties haven’t seen much if any decline in prices have seen a decrease in competition to buy.

I would personally rather be refinancing than offering on properties when and if interest rates decline. 

Population Growth/Decline (If the population is growing or declining over the last 5 years).5.

Most agents in my market have seen a noticeable decline in activity that really started in Q4 of 2023.

How do I proceed with letting the other nine know they have been declined.

I know one thoughts are “I can sell it for more” but that increases the risk as well because if I had a $250k loan on a $225k property and values continued to decline and the mortgage is in someone else’s name - I would be like “ok let me hand the deed back and walk away and go ahead and sue me…