Affordability must be addressed before transaction volumes can normalize.Average 30-yr mortgage rates (Mortgage News Daily)MBS Highway Housing Survey for July 2024The MBS Highway National Housing Index dropped 9 points in July 2024 to 44, as buyer activity levels fell across the nation.

As the greatest city in the nation, it was only time before people came here. 

(https://www.usatoday.com/story/news/nation/2024/05/16/is-a-t...)... 

We decided in 2014 to open a new fund and take it national with offering of interests to investors in all 50 states as well as investing in mortgage loans nationwide.  

Typically these will have some amenities like a pool, lake or are near a national park, etc and will attract people for longer stays 3-7 days.

I did auctions for a part of my 10 year career when I thought flipping homes or doing condo conversions were the way to go. then I got into ground up construction and national construction and ground up is the way to go.

The national average for maintenance is 10% of the annual income, so it will be more on an older home.

Unfortunately America is a consumer nation.

We've been able to fund foreign nationals with absolutely no U.S. credit. 

National banks, credit unions, mortgage lenders and the like.