Fed Interest Rate Drops Impact on Real Estate & 2025 Predictions
The much-anticipated decrease in the Federal Reserve interest rates has sparked optimism across the real estate market. While the immediate effects may not be felt overnight, the rate cut brings a positive shift in buyer sentiment and investor confidence. A drop of half a percentage point may seem small, but for a buyer looking at a $400,000 home, it translates into a notable $100 reduction in monthly payments. With predictions of additional cuts in November and December, experts believe that the housing market could see a significant uptick heading into 2025 real estate trends. This podcast delves into what these changes mean for both buyers and investors, offering valuable insights into how to navigate the current and future real estate landscape.
What is the effect of the Federal Reserve interest rate drop on home buyers?
One of the key benefits of the recent interest rate decrease is the confidence it instills in buyers. While the immediate effects won’t be drastic, this rate drop provides a psychological boost that often leads to more people stepping off the fence and entering the housing market. Historically, even small cuts to interest rates have spurred increased activity, as buyers feel reassured that the market is stabilizing. For example, in 2007, when rates dropped from 10.5% to 9%, the reaction was overwhelmingly positive. Today, we are witnessing a similar reaction where buyers feel encouraged to explore their options. This rate cut, combined with anticipated future decreases, creates an environment where buyers can potentially save hundreds on monthly payments, making homeownership more accessible.
What do interest rate drops mean for real estate investors?
As we look ahead to 2025 real estate trends, the prospect of further rate decreases could dramatically reshape the housing market. Current predictions suggest that with additional cuts, the real estate market will experience a much-needed boost in construction and home sales. Lower mortgage rates will drive up housing demand, potentially lowering home prices and stimulating new developments. Real estate investors are also keeping a close eye on these changes, knowing that lower rates translate to increased cash flow from rental properties. In essence, the market is poised for a turnaround, but the real opportunity lies in understanding that these rate drops should not be the sole factor driving investment decisions.
In “Fed Interest Rate Drops Impact on Real Estate & 2025 Predictions” episode:
- Understanding the Federal Reserve Rate Cut – The Federal Reserve interest rate decrease impacts buyers by lowering the cost of borrowing, which translates into reduced monthly payments. For instance, on a $400,000 mortgage, a half-percentage point drop saves the buyer $100 per month. While seemingly minor, these savings accumulate, making homeownership more affordable, especially for those previously priced out due to higher rates.
- Short-Term vs. Long-Term Effects of Rate Drops – In the short term, the recent rate cut is unlikely to immediately affect the market. Lenders have already baked these changes into current offers, and it will take time for housing prices to reflect the full impact. However, by 2025, with more rate cuts expected, the market could experience a surge in new home construction and buyer activity, boosting both housing demand and real estate investments.
- Investor Strategy in a Changing Market – While some investors wait for lower rates, seasoned investors know that waiting can cost more in the long run. With lower rates potentially driving up home values in 2025, it’s wise to consider buying now. Even if current rates are not ideal, the potential for property appreciation and rising rental incomes could far outweigh the incremental cost of higher interest payments today.
- Emotional Factors Driving Real Estate Decisions – Buyer sentiment plays a crucial role in market dynamics. As rates drop, consumer confidence grows, encouraging not only homeowners but also investors to jump into the market. Historically, even small changes in rates lead to big shifts in behavior, as people feel more secure in making significant financial commitments.
- The Future of the Real Estate Market in 2025 – Predictions for 2025 are optimistic, provided that the Federal Reserve continues to lower rates. A thriving real estate market could see home prices stabilizing or even dropping as demand increases, while buyers and investors alike capitalize on favorable conditions. This could lead to significant opportunities for anyone looking to expand their real estate portfolio.
The Federal Reserve’s interest rate decrease is a pivotal moment for the real estate market as we head into the final quarter of 2024. While the immediate effects may take time to materialize, the psychological boost for buyers and investors alike is undeniable. Historically, small cuts in interest rates have proven to spur real estate activity, and with predictions of further decreases in November and December, the market is primed for growth. As we look toward 2025, the potential for lower rates could create a perfect storm of opportunity, leading to more affordable home prices and increased rental income for investors.
However, it’s essential to remember that waiting for the perfect rate might mean missing out on today’s opportunities. Savvy investors understand that real estate investment is about long-term growth, not short-term gains, and that acting now—while prices are still reasonable—may yield greater benefits than holding out for an ideal interest rate. Whether you’re a homebuyer looking for lower monthly payments or an investor seeking to expand your portfolio, the current and future landscape offers promising possibilities. Now is the time to evaluate your position, make informed decisions, and potentially ride the wave of a market recovery in 2025.
About 5 O’Clock Somewhere Real Estate Investor Podcast
5 O’Clock Somewhere Real Estate Podcast throws out the script, brings common sense back to real estate, and has casual conversations about the one and only market that matters – Memphis! We’re not interested in what some real estate expert from California has to say because we know the truth: Memphis is where the smart investors put their money. Forget about Vegas, Nashville, and the rest of the country, Memphis is the blue-chip stock of the real estate world. We’ll tell you everything you need to know about why Memphis is the safest and hottest place to buy rental real estate, and how you can be a part of a smart investment.
If you would like to join the conversation, participate in an upcoming recording, or just call to bounce ideas off one of our team, you can call or text us at 901-692-7401. Or if you prefer send us a message.
Fed Interest Rate Drops Impact on Real Estate & 2025 Predictions
Podcast Transcript
Brett
0:00:55 – All right, welcome back to 5 o’clock somewhere real estate podcast, 901-692-7401, mymemphisinvestmentproperties.com. Today we’re going to talk about the long-awaited, anticipated rate drop by the Fereral Reserve. So stay with us, we’ll be right back.
Sponsorship
0:01:02 – We are sponsored by Title Assurance and Escrow, a title company here in Cordova that does all of our closings, title work, escrows, and we only use Title Assurance and Escrow. That relationship is very important because we can get things done for our investors quickly and easily. So, to speak with Title Assurance and Escrow, call 901-737-3332. Ask for Chris or April.
Brett
0:01:35 – Welcome back to this 5 o’clock somewhere real estate podcast I’m Brett Bernard. In the studio with me is Nick Gibson, Jeff McNett, and our pommie producer from Britain. Hey, you know, I just realized something. You’re a true southerner redneck southerner. You have two first names Richard Roy. Did you know you’ve got to first names?
Richard
0:02:09 – You hve two first names as well.
Brett
0:02:09 – Bernard is not a first name!
Richard
0:02:10 – Yes it is. If you go to South Africa or the UK, but they actually say Bernard.
Brett
0:02:12 – I’m not talking about the UK and so i’m talking about the South.
Jeff
0:02:24 – I don’t think you can say pommie and redneck on air. You just offended half of our audience.
Richard
0:02:28 – But redneck is the state of mind. You cana find them everywhere.
Brett
0:02:29 – I’m a coonass from Louisiana. I’m very damn proud of it.
Jeff
0:02:35 – So that’s two more cuss words.
Nick
0:02:35 – I was gonna say we literally just spoke about this.
Jeff
0:02:36 – That’s four cuss words in 30 seconds.
Richard
0:02:38 – That’s not profanity though.
Brett
0:02:39 – That’s not profanity. Okay curse word and profanity are two different things so I can cuss I just can’t be profane about it. All right, so today we’re gonna talk about the long-awaited rate cut. So does everybody understand what basis point is? Basis point is 1 tenth of 1 hundredth of a percent. So you take 1 percent and break it up into a hundredths, right?
Brett
0:03:04 – One hundred points. So a 50-point basis drop is basically a half a point. That’s the easiest way to equate it. So Jeff, what do you think it’s going to do to the market now?
Jeff
0:03:14 – Well, before you get all excited, it’s going to take some time for this to catch up. And what you’ve got to realize is a lot of these mortgage companies and lenders have already anticipated in that drop into their current rate that they’re offering now. So this could take a couple of months, but overall the perception I think it’s great. I mean, it’s going to get people off the fence. And, you know, they’re talking about another quarter to a half a point in November, another quarter to a half a point in December. So, if this keeps going, you know, it’s going to put everybody in a good position first quarter of next year.
Nick
0:03:52 – I think it’s definitely a step in the right direction. I’m still a little concerned about the election and what effect that might have, however it turns out. And I personally think that a lot of the investors are just kind of pulling the reins back and waiting to see what happens.
Jeff
0:04:07 – Well, what needs to happen, we should have had a three point drop. That would have ensured Kamala Harris to get elected in November. And then we all could have gotten $25,000 to put down on the house. But we only got a half a point, so we’ll just have to deal with it. Hopefully that’s enough to push her over the finish line.
Brett
0:04:23 – Maybe so, maybe so. I doubt it, but maybe so.
Richard
0:04:33 – So do you think the public genuinely thinks that?
Brett
0:04:35 – Thinks what?
Richard
0:04:36 – That interest rates are so tightly connected with who is in office? Because there is no…
Jeff
0:04:38 – You’re right, there is no correlation. There’s zero correlation. It’s just perception of things are better. It’s going to curb inflation. It’s going to create jobs, it’s going to stimulate the housing market, it’s going to stimulate building.
Brett
0:04:53 – We’re at a point in our culture that everything is run on emotion, right? So simply a half a point cut is, I mean, that’s nothing, it’s not like everybody’s just going to all of a sudden tomorrow start making tons of money and everything’s going to turn around. But mentally, right, and emotionally, it gives people confidence. And that’s all you need, confidence. I’ve talked about this before back in 2007 and 6 when the best rate you can get as an investor was 10.5 points, 10.5 percent. They thought that was fantastic. Then they dropped it to like 9 and people went bananas. They really thought they were just dumping gold bars into their suitcase and taking them home. As soon as that shifted, it turned everything on its head. Simply because I think the emotional part of it, not the business part of it, is what connects with these people. And it connects with investors too. A lot of, let’s face it, a lot of investors out there are new and they don’t have a lot of experience in this world. So they do emotional buying. They make decisions based on how they feel. They make decisions on things that have really nothing to do with the business plan. And that’s why I think this, I agree with Jeff, it’s going to take a little time for it to catch up, but I think emotionally and mentally people are feeling better. Now whether that pushes in to buy something, who knows? Time will tell. But I guess our rates now, we’ve been averaging around 6.25 has been a good average rate, so 5.5, 5.75 would be a good rate. Now investor rates probably won’t take as big of a dip. They don’t have to. Those are going to remain maybe to the mid-sixes instead of sevens, which is still good. So I’m optimistic.
Richard
0:06:29 – How far above the other rates do those investor rates typically ride?
Brett
0:06:34 – It depends on the lender and the investors. I’ve seen them as high as 8.5, I’ve seen them as low as 6.2. So it really depends because when you’re dealing with investor rates, it’s really just lender competition. There’s not a set standard that, like FHA, when they set a rate, it’s set for everybody, whether you’re buying $400,000 house or $100,000 house. In the investment world, that doesn’t apply. It’s pretty much whatever the bank wants to charge you. And if you agree to it, that’s where you’re at. So, Jeff, you mentioned you think there’s another rate coming. I’ve heard talk of a quarter rate drop in another 45 days. But I also heard that it’s only based on what happens in the next 45 days. If the economy begins to stabilize, inflation, actual inflation starts to come down, and things look like they’re on the right track, then they may not reduce those rates again.
Jeff
0:07:19 – No, I don’t know if you can determine all that in the next 45 days. They’re pretty optimistic that inflation’s already on the decrease, buyer sentiment is up, jobs are being created. The big dilemma is the shortage of inventory. You got sellers that aren’t selling because they’re afraid they’re not going to be able to purchase a new mortgage at a higher rate. You’ve got builders in decline. They’re not building anything right now. So again, it’s just going to take some time to catch up. And I think the only way they’re going to – I don’t think a half a point is going to make that much of a difference short to midterm. But if you drop it again in November, you drop it again in December, and now we’re looking at something substantial by the first of the year. That’s gonna create jobs, that’s gonna create stuff in the real estate market. People are gonna start building houses again, prices are gonna come down.
Brett
0:08:13 – We’ll put a number on those percentages. So I did some research to try to find, all right, so what does this mean to a buyer? And the one example I kept finding over and over again is if somebody buys a $400,000 house and they get a half a point rate drop it saves them $100 a month. So a point on a $400,000 house would be $200 a month. So let’s say we get a point and a half, then that’s $150 a month off of someone’s mortgage payment. So we’re not going back to the days where you can get out of college and buy your mini McMansion and your Land Rover and have your two and a half kids and your 0.325 dogs. You’re not going back to that day, but we’re getting to a point now where people will be able to afford what they can afford Like right now people who should be able to afford a three hundred fifty thousand house can’t Simply because their payments too high only because of interest rates, so I think we’ll see that That balance off. I’m thinking before the end of the year now The guys are predicting in 2025 a huge years coming if we get two more rate drops I agree with that if we get stagnant, and we don’t have another rate decrease, I think we’re going to go into 2025 a little sluggish. I think it’s going to take some time for all of that to ride up. Now, as an investor, I had a guy that called me. He came from one of our lenders, Andrew. So I talked to this gentleman. He’s out of, I forgot where he’s out of. Anyway, he was buying a property in Little Rock and bought his first property. He says, I’ve got a friend that owns 45 properties. And I’ve been telling myself every year, this is my year I’m going to buy properties, but I just didn’t do it. And I went and had dinner with him and he looked at me and goes, well, why aren’t you buying properties? He goes, well, I’m waiting on interest rates to drop. He goes, why in the hell would you do that? And it made him think. He’s like, well, why wouldn’t I? He goes, you do know what’s coming. This guy, this is the guy that said he is 100% convinced that a recovery is coming. And he goes, what’s going to happen in recovery? He goes, values are going to go up. Profitability and cash flow will go up. He goes, then why aren’t you buying now? Don’t worry about the rates. A half a point is going to, on a $100,000 house, is going to save you $20 a month. Right? That’s what it equates to. You pay an extra percent in interest on a $150,000 rental house, it’s going to cost you $60 a month more than you would pay if the rate was lower. And that’s not enough to gamble on the ability to buy something that you’re going to see a 10 or 15 or 20% increase in value and a good jump in rents over the next year or two. So right now when things are depressed, or as they say are depressed, would be the best time to buy. But what I find is a lot of investors are we call them coat tailors, right? They want to wait for everybody else to do it. And then they’ll jump on the bandwagon and pay retail at a higher number. Just to say I bought a rental property. True investors understand how to watch the market and understand when’s the right time to buy. And interest rates has nothing to do with that. Absolutely nothing to do is when is the right time to buy. If you’re waiting on interest rates to determine whether you buy or not, then you’re in this for the cash flow and you’re not really an investor because as we discussed, Jeff and Nick, cash flow, you’re never gonna retire in this game on cash flow until you build a nice sizable portfolio.
Jeff
0:11:16 – No, no cashflow. How many times have I told you dump all that money back into that property, build a reserve account, use it for maintenance repairs, build that reserve account more, start buying down that mortgage.
Brett
0:11:30 – Now, there’s an argument to be said, interest rates don’t affect property value. It may affect or slow down property growth, but it doesn’t affect property value. What it does affect is cash flow. So if you’re getting into this for cash flow, then interest rates are a big deal, but you’re getting into investing for the wrong reasons. You’re not getting into investing to build yourself a asset-based portfolio of real estate that has a value. You’re getting into it just so you think you can get money each month and quit your day job, which is a bad move. So now is the time to be buying. I think we’ve said that on this podcast multiple times in the last six months. Now is a good time to buy. You can still get a good deal on a property. And then when 2025 hits, let’s say there is no big recovery. Okay, so you paid a hundred grand for a house that’s worth $101,000. Great. Let’s say there is recovery and now that $100,000 house becomes worth $120,000 in the next 12 months. Would you have rather bought it at $120,000 or take the risk that you’re not going to make a dime and break even or maybe make an extra 20% equity?
Jeff
0:12:32 – You would anticipate that much of a jump in property values?
Brett
0:12:36 – Only if you look at history…
Jeff
0:12:37 – As opposed to, you know, the normal, what, 4.5%, 5% increase?
Brett
0:12:42 – Well, if you look at the history of real estate as it’s tied to the economy and inflation and interest rates, if you really go back and look at that, every time there’s any kind of a significant recovery in this country, stocks do well, bonds skyrocket, real estate jumps, right? And all that is due to the fact that the consumer has more money in their pocket for whatever reason that they don’t today but they do now, and it just causes when they start spending, the entire market is lifted up. So in the real estate market, every time we have a recovery, and we can go back and look at it from Reagan taking over from Jimmy Carter, look after the 2008 crash. There is always a recovery when things are down for a period of time, especially this long three years. And when that recovery hits, things just take off. That doesn’t mean it’s worth what it’s gone to. It just means consumer confidence and buying is up. So therefore that naturally dictates that the prices go up and actually dictates that rents go up. Again, it’s just a mentality. That’s all it is. There’s nothing driving that other than the mentality of the people that are out there in the market wanting to buy.
Richard
0:13:46 – Yeah, my wife Laila and I were talking the other day about the fact that the whole election is a psychological thing. People get, like you were saying, emotio. People get psychologically involved with something. If they feel like their preferred party is in power, oh it’s great I can get on with the economy but in reality the economy can often be good but, because their person is not in office at that time, they are a bit down in the dumps and they don’t have that emotional enthusiasm they might have and that affects how they go about doing business and daily life.
Brett
0:14:20 – Right. I agree with that. Somehow in this country we’ve gotten off the base of common sense and we deal with emotion is our as our deciding factor in our guiding light and that is such a dangerous way to run a business such a dangerous way to run your investments or anything in your life right I mean common sense has to take place somewhere.
Glenn
0:14:39 – So it was a long time coming but I think this is good news for the real estate market throughout the remainder of 2024 and on into 2025 we’ve still got the election coming up in just a few weeks and no matter the outcome, I think we are going to see a market shift that will benefit many. So who’s up for a bet on a bottle of Johnny Walker? …Brett?
Brett
0:15:02 – So, regardless of what happens in November, I agree with Glenn, right? Glenn’s message from the grave, that things are, if the rates are low, psychologically people are going to be more apt to spend money, invest money and take a risk. Right now people are scared, right? They’re hoarding that little bit of cash they got in the bank because they don’t know if tomorrow is going to bring another crisis or if tomorrow they’re going to have to take that savings out just to pay their house note or pay a credit card bill. So, they’re hoarding their cash. As soon as they feel like we can move forward and invest, they’re going to start pouring that money into the market, go back into the stock market, go back into the housing market. And that’s what’s going to create this recovery. Now let’s say Trump wins the election. I’m saying this is going to happen on its own, regardless of who’s in the White House. I truly believe that. But whoever’s in the White House is going to get credit for that massive recovery. And that has long-term effects on the next election and the congressional election. So it is a big deal. Jeff, what do you think?
Jeff
0:16:02 – It is. It’s all based on emotion. Richard, you can take a guy, listen to the radio on the way home from work, and he hears that the stock market jumped up 2,000 points. He doesn’t have any money invested in the stock market, but he’s going to go home and tell his wife,
Jeff
0:16:19 – Let’s go down to the furniture store and buy that bedroom set we’ve been looking at for six months. Everything is emotion, and we blame or give credit to all of this on the government.
Richard
0:16:31 – Was this an aforementioned redneck?
Jeff
0:16:35 – Yes i mean it just is what it is i mean you look at all the people that get income tax refund checks they think it’s free money. It’s their money.
Brett
0:16:46 – We don’t care about your credit we just care about you.
Jeff
0:16:50 – But what, nine out of ten people will take that two, three, five, ten thousand dollars and they’ll go blow it on a vacation, they’ll go blow it on a living room set. Buy a car, whatever, you know.
Brett
0:17:01 – And believe it or not, when tax season comes up, and you look at the numbers, the amount of renters signing new leases goes up. Oh, absolutely. So people that are paying nine hundred a month, they get a ten thousand dollar return, all of a sudden they’re like, well, you know what, I’m going to go up to a thousand fifty or eleven hundred and they go find another house or bigger house. So it does, but it’s all psychological. Common sense tells you don’t do that because the ten grand is going to be gone in a couple months, but they do it anyway.
Jeff
0:17:25 – Well, you know, it’s the Dave Ramsey school 101. Why in the world would you go out and, you know, the first thing you do when you get married is you go out and get in debt for the next 30 years buying a mortgage you can’t afford. The second thing you do is you go out and buy a $90,000 pickup truck. I’m a Dave Ramsey guy. Buy a nice pre-owned vehicle, pay cash for it, drive it for 10 or 12 years.
Richard
0:17:50 – The first thing I did when I got married wasn’t that.
Jeff
0:17:54 – You were probably more sensible than the average young person in this country just getting started.
Brett
0:17:59 – Come on, don’t even start down that road.
Jeff
0:18:00 – And then you pour all the marketing and advertising into it and all the entitlement and everybody’s important, I gotta have this, you know. The whole world operates on, Brett went out and bought a $90,000 pickup truck, now I’ve gotta do the same thing because I can’t let him outdo me.
Richard
0:18:15 – Do you remember that commercial from a few years ago where he’s grilling in his backyard and someone asks him, how have you got all of this? And he goes, I’m in debt up to my eyeballs.
Jeff
0:18:26 – Driving a riding lawn mower that he can’t pay for and get up to his eyeball. But that’s just, that’s the mentality of the American people. We consume, consume, consume.
Brett
0:18:37 – Well, it’s also the mentality of investors, right? I mean, I don’t know how many investors I’ve talked to over the years that would, they just want to buy something. They want to be able to tell their friends, I got a rental property in Memphis. And they don’t take the time to analyze it, do their spreadsheet properly, look at the reality of the property and the investment versus what you want it to be, but look at the reality of it and they just want to buy something and that happens a lot. Amish, when he first came to me, that’s all he wanted to do is buy something and it took me a good month of reining him in to get him to slow down a little bit and he told me, we talked this morning and he said, you know what, what you told me a year ago, you’re absolutely right. He’s like, thank God you slowed me down. I’d have 50 properties right now. I’d be bald and probably age 20 years by now if you not slowed me down. But the mentality of the investor is going to start improving. We’re going to get busy again. Anybody that’s interested in investing, you’ve listened to this podcast, we get calls all the time from the podcast. We’ll be glad to talk to you about investing in Memphis. We’re not just going to send you out and buy you a property. That’s not what our goal is. Our goal is for you to buy one from us, be very happy with the results to where you want to buy two, then three, then ten, then twenty. Most of my investors that I’ve had for five years have twenty, thirty properties they’ve purchased from me over the last five years. So we’re very good at what we do. So 901-692-7401, mymemphisinvestmentproperties.com, and you can check out our website. We have a list of off-market properties on there. Anyway, I just want to throw it in there. So let’s, do we have anything else we want to talk about the interest rates?
Brett
0:20:07 – We’ve all predicted it’s going to have a, I don’t know, subliminal punch in the psyche of the American investor.
Nick
0:20:14 – A positive effect, one way or the other.
Brett
0:20:16 – But do we think it’s going to really roll us into the end of this year?
Jeff
0:20:19 – No.
Brett
0:20:20 – Like boom? Nope.
Richard
0:20:22 – I think it’s going to be a soft tickle to the marketplace.
Brett
0:20:26 – Soft tickle, that sounds quite intriguing there, Richard? Soft tickle. All right, so Richard’s prediction is we’re going to have a soft tickle to the market. Jeff?
Jeff
0:20:47 – We’re going to get another rate drop in November and probably December and we’ll start to see some positive changes probably mid-first quarter next year.
Nick
0:20:49 – Could be a firm tickle by the first of the year.
Brett
0:20:51 – I was going to say a full-on latex glove, boom. Bend over Mr. Bernard.
Nick
0:20:53 – No, I mean as we always say, that’s a step in the right direction, but even in the bad times Memphis is a great place to invest.
Brett
0:20:57 – Yeah, and we talk about that a lot and you know I get it. If you’re listening to us and you’re in California and you don’t know us from Adam, yeah, we’re talking about the market we make money in. So you tend to think that we may be a little biased but let’s face it i’ve been in this market long enough to know is one of the best markets in the country because you can still get one percent all day long whatever you buy here and if you’re on the fence waiting to buy well guess what rates just drop what’s holding you back now when twenty twenty five hits and we get into the second quarter and things are rolling and things are jumping and going the right direction at that point is going to be too late to buy because that $100,000 house you could buy today is now selling for $120,000, $125,000. It’s still renting for $1,300,000 but think about the cash flow you’d get off of that. Think about your rate of return off of that versus what you’re now going to get because you’re going to pay an extra $20,000 for that property because it’s become more competitive again. So you need to reach out to us and buy now and get prepared to ride that wave whenever it comes in.
Richard
0:22:02 – You’ve mentioned before as well that the autumn is a great time in any year to be looking.
Brett
0:22:08 – I think this autumn, see in America we call it fall. I don’t know what you all call it over in Britain, but we call it fall. If that is the case, we’re dealing with a slow market because of interest rates and what’s happened this year, and we’re going into the winter months where things typically are slower because you’ve got people who think about Halloween, school’s back in session, Thanksgiving’s coming, Christmas, New Year’s. So the last thing people are looking at is housing, right? It typically slows down. I don’t know why most investors don’t wait until October 1st or September 1st to start buying. But I guarantee you I sell more property in May, June, and July than I do the entire year. When the hottest time during the month, not just temperature wise, but market wise. But if you wanna start buying, I truly believe between now and the end of the year is the best time to buy anything right now if you’re going to buy an investment property because you can still get a good deal. If you wait until next year, I guarantee you’ll regret it.
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