DM us if you'd like more info on the Detroit market - which increased another 20% in 2024!

If you think about it in any industry less transparency and more friction in the transaction will increase fees/commission vs reducing them.I like the idea as an investor of having different agents, a team of agents maybe 3-4 bringing me deals, but I think less of that will happen now as all will have to have you sign some kind of agreement up front. 

It's not necessarily that the value of your house is increasing.

In this era of increased rates, obtaining properties that will produce a good return are harder to find and often involve quite a bit of work.  

Over influence by social proof: Lots of people can make lots of money in RE, particularly post GFC.

From what I’ve read in The Economist, demand for “off-the-beaten-path” destinations has increased post-pandemic, as travelers seek quieter, less crowded areas.In my backyard, investors and homeowners alike are increasingly drawn to areas like Gilbert and Chandler due to their exceptional growth potential and quality of life.

I also look at future development plans in the area, as new projects can increase property values and attract more renters.

This demographic is projected to keep increasing over time, so I would do whatever you can to hold onto this property (ie cash flow well).Furnishing 700 sqft with PB or West Elm (you and my wife would get along great, Bonnie) won't be price-prohibitive and well worth the cost.

That profit will increase over time and improve your return. 

We have a property management company in New Jersey where we make some of our best clients hundreds of thousands of dollars between helping them force appreciation, increase cash flow, finding them deals etc.