That will spike prices again and could be a feeding frenzy like we had in 2020-2022.

Further, should interest rates spike, he may be feeding an alligator after refinancing.

COVID created a chaotic spike in both the sale & rental markets, attracting even more new real estate investors.

I missed the last spike. 

We have 3 months left of 2024 which means now that the rates have spiked down hundreds of thousands of people will come to the market with an offer.A large number of new home buyers and investors means multiple bids and offers plus more coming in over asking price.

. - Equal Splitting (ratio utility billing) - What I've heard from lawyer friends who practice real estate law is a trending spike in resident issues.

We are already seeing this trend unfold in certain neighborhoods and values are spiking fast.3.

I will give you that those conditions don’t really exist right now in the market since prices and rates spiked.  

Does the interest spike much higher?

Quote from @Devin James: @Jay Hinrichs Developments are definitely BIG money makers, but thats also reflected with the risk associated.That's why these projects take so much time and capital, but if you make the right judgements for project selection, and do all your due diligence, it'll turn out well. my 90 home project in Oregon  started it as dirt before covid .. got 1st phase built then covid hit.. had to fight through lumber sky rocketing and other material shortages and the of course interest rate spikes.. but the project ( and I give credit to my Wife and my GC's attention to detail) has sold Very well for record prices and profits .. its de risked now 22 lots left 13 are presold with big non refundable deposits and only 9 lots left that have no debt..