However, the median price per square foot grew by 3.8%, indicating that the inventory of smaller and more affordable homes has grown in share.Homes spent 44 days on the market, which is one day more than last year but eight days shorter than before the COVID-19 pandemic.According to the Realtor.com® May housing data, the market cooled a bit as mortgage rates went up in April and May due to stubborn inflation.

Hi Brian, Thank you for such a detailed response. 1. yeah his justification for only wanting bank financing does seem a little silly but he’s stubborn. 2. 

I get all the reasons against that, but that's how my mind works, and I can be stubborn

In my opinion, given the uncertainty of our government and stubbornness of inflation waiting around is not your best course of action.I'd cash-out asap and get that money into a CD generating a boring 5.5%.

This probably isn't the last time you will be dealing with a stubborn tenant.

G'Day everyone,Today I'd like to talk about a few misconceptions that I see in the market.I've been reading about many investors believing that they are getting a better/safer deal if they are using leverage.They believe this because of the fact that most lenders require an appraisal and a building inspection.So let me explain a few things and burst your bubble lolMany operations like Ohio Cashflow's will usually have a monopoly in the region that they operate in.They tend to be the biggest buyer in town so over time they establish relationships with city inspectors, judges, lenders and "Yes" building inspectors and appraisers.Many will enforce you to go through their "trusted lender".This might be to make the process smoother but it can also be to influence the end result.After 10 years in the business and 1,000+ deals under my belt, trust me when I say that it's not that hard to influence a building inspector or appraiser to "Bat" in your favor.Also, just think about the thousands of comparable sales sold by the same company that can now be used as a comp when conducting an appraisal on the target property.I don't really have a dog in the fight because we loose 90% of business due to our stubborn "No financing" policy.But I just want to point out some things to folks that might not know/understand how the wonderful world of real estate works.We sure do loose a lot of business because of our ways, but to be honest I'm proud of it as our boutique approach has enabled us to have one of the best reputations in the business.Recently a few folks have mentioned that Ohio Cashflow does not allowing building inspections or appraisals.This is not true.Every investor can freely conduct both.We just state that we won't fix all of items that the building reports shows.Why?

BUT, the homeowner is stubborn, a hoarder, and it's her childhood home. 

I have a few stubborn tenants who insist upon paying in cash and I make them take the money to my bank with a pre-filled out deposit slip with my name and the last three digits of the account number and then they fill in the date and the amount of the deposit.

Real Estate News in BriefWill stubbornly high mortgage rates hurt the spring selling season for the second straight year?

No shot rates get to 5% next year IMO.When the FED says that inflation is remaining stubbornly-high, I don't think one can count on rates coming down next year.