Higher mortgage rates in January 2025 compared to January 2024 may impact buyer demand and affordability.❓ Question: How do you think the current mortgage rates and market trends will influence buyer behavior in the coming months?

The city somewhat aligns with the school year, so there aren’t many relocations during the winter months.I like North Linden, North Hilltop, and South Hilltop for their affordability and better than the worst crime rates.

Some of these would include interest rate by downs, which is the biggest problem in our market today, and free property management.  

I have clients who use tools likeniche.com or roofstack to initially gather insights on crime rates and neighborhood quality.

What's labeled Private Money in the market - an individual looking to build a lending shop by using personal funds - this is out there but these guys are not cheap on points or rate and they have rules and guidelines like anyone else, so really the difference between them and hard money is nothing other than appraisal perhaps. 

Time for the economy to reset and interest rates to come down. 

We were able to negotiate a buy down on the interest rates. 

LTC is also pushed down right now for rental assets even if your intent is to flip upon stabiliation because the lender wants to make sure the property remains financable in the event the property doesn't sell and hitting that 1.25 DCR with the higher rates presents some problems. 

Looks like this effort is moot until rates come down and we can refi.

The reason it’s usually not done is the profit isn’t pro-rated, it’s consider $100% first.