In fact, when rates decrease, it often stimulates increased demand for homes as more buyers enter the market to take advantage of the lower borrowing costs.

This will force some out that would have been purchased under the previous system.In the end, I don't see this as a major problem but I suspect it will cause more friction and decrease the overall satisfaction of both buyers and sellers for the next few months as we get used to working in this environment.

I would keep your peak season pricing the same and look at improving the rest of the year by decreasing pricing some until your occupancy rate ticks up a little.

When the buyer becomes responsible for paying the buyer agent commission, the sales price of the house may be less, but they still have to pay the buyer agent's commission... which decreases their buying power. 

But 2002 saw a 21.97% decrease. 2022 saw a 19.44% decrease. 2023 saw a 24% increase.U.S.

@Jerry Lakey, you are correct that any leverage = risk due to both less cash flow and possibility of wiping out all equity in the event of any decrease in value.

Use that information to increase your average daily rate and decrease vacancy.  

Quote from @Ko Kashiwagi: Hi Daniel,The margins in flipping homes in LA is definitely slim compared to other markets, unless you find a way to decrease the construction costs.

It's a reminder that in Miami's dynamic market, opportunity awaits those with the vision to seize it.Townhomes & Condos:Closed Sales: While townhomes and condos navigate shifting currents with a 4.8% dip in closed sales, the market remains resilient, offering a diverse array of options to suit every lifestyle and preference.Cash is Still King: Despite the downturn, cash transactions continue to dominate, albeit with a slight decrease of 2.5%.

These are tax deductible contributions which decreases the Tax you pay, and not your adjusted gross income.