^ To touch on this point, Jerome Powell just recently said this exact thing as one of his two trains of thoughts:To hold rates longer, and put some weight on it OR to jump up it quicker and hit it down hard faster. 

And expecting a 3% price reduction?

And give more weight to a business owner providing you a suggestion rather than just some broker saying "I can do it".  

My IRR was starting to see some cracks and further rent reductions were needed to keep the tenant running. 

Prior to thinking about a rent reduction, wait two to four weeks, keep an eye on local rental costs, and interest rates.

We may see some reduction in rates this year on the fed rate side, but people need to understand interest rates are tied to the 10 year treasury and not the fed rate. 

It is not overhypedwe have massive reduction in force these days because tech company is switching from their traditional business to AI oriented business. next plan for most company is doing reorg with most business decision is supplied by AI so lot of middle manager would be cut.it is just matter of time when real estate agent would be replaced by AI as well 

If you can mange to get even a little of his advisory time; it's worth it's weight in gold. 

We are already seeing a reduction in the average days on market.

We asked for a reduction in sale price for an AC not working and a clogged cleanout drain (concrete/construction debris fell in?).