Here's a clip from the article in the Gazette:  Colorado Springs continues to be one of the country’s hottest housing markets, a federal report released this week shows.Local home prices spiked 11% in the fourth quarter of 2019 when compared with the same period a year earlier, an increase that ranked No. 2 among the nation’s 100 largest metro areas, according to the Federal Housing Finance Agency.Only Boise City, Idaho, with a 12.7% gain in home prices, had a larger increase on a year-over-year basis, the agency’s report showed.

Also a fluke thing could happen like a big spike in a condo fee or taxes however usually they do not deviate too much. 

We have seen a spike in visitor bookings it seem from the state of Texas, which is a big drive....but can be done in a day.  

Spike in cash flow and a current valuation that more than doubles investors money.

They're cash flow oriented cities with lower appreciation but have seen a spike in prices in the last 5 years due to the higher prices in the Metro Boston area. 

One month ago, we thought that the unprecedented implosion in US commercial real estate in the month of April following the near-uniform economic shutdown following the coronavius pandemic, manifesting in the surge in newly delinquent CMBS loans would be one for the ages, even though as we predicted May would likely be worse as a result of the spike in specially services loans.

This way, if there was an unexpected spike in vacancy we could toggle back a bit to keep revenues from dipping.

We don't have the big spikes in value, but we also doesn't have the big drops.

We had to do a 5/1 ARM mortgage, where our interest rate was locked in for the first 5 years at a pretty good rate, but would be subject to change in 2021, potentially severely spiking up the rate. 

If people miss 2-3 payments and then get loan modifications but are back to work at the same level of income - I don't think there will be a spike.