Oregon is getting 8.5 Bil from the feds and another 50 bil from other sources .

They’ve secured low rates and rapid equity increases due to the last few years of Fed/gov intervention.   

Screaming high / fast interest rates employed by the Fed, $10 Trillion in federal spending, extremely low home sales, corporate earnings revised lower and lower, inverted yield curve for Treasury Bonds, etc…, all indicated a recession on the horizon.

I recall a client early in my career who worked their neighborhood for cutting grass/washing trash cans who saved up $15k in a year from that alone.

Hey mate,Future predictions are solid for real estate IMO over the coming years.Lot's of pent up demand waiting for the Fed.Many folks with locked in low interest rates aren't selling, and many wannabe buyers can't get the desired loan amounts due to high interest rates.So we are in a stale mate for now.If Fed loosens grip 3rd or 4th quarter, I feel the flood gates might open and activity starts again.I don't believe the market will decline if interest rates are cut, quite on the contrary.Micro market trends are very different to macro.Online stats/demographics don't reveal what happens from a micro market standpoint.I could give countless examples of zip codes in Ohio experiencing population growth, gentrification and appreciation.The overall population might be declining but again, on a micro level some pockets are booming.Thanks and much success

I've been telling my clients to expect a no closing cost refi in the next 6-12 months depending on how quick the fed lowers rates.

Call it opportunistic grass roots marketing.

The grass probably needs to be cut at least twice a month during the summer.

Original term is 15 years with a 1/1 adjustable variable rate based on Fed rates, no 5 year adjustment, no balloon, 2% annual cap.

Also, according to the St Louis Fed, the GDP of our MSA has almost doubled over the past 20 years from $45 billion in 2002 to $80 billion in 2021.Memphis is the cultural, political, and economic center of the MSA, which is one of the reasons investors like myself have continued to do extremely well here and most likely will continue to do so.Memphis CityMemphis MSACensusPop.