Part 6/10:
Investors also remain active in the market, but their motivations and strategies seem to have shifted significantly in response to evolving economic conditions. It’s increasingly common to see investment companies proactively reaching out with offers of creative financing, indicating a shift from previous practices where investors only responded to properties on the market.
Market Dynamics
In line with these observations, the general sentiment in the housing market feels tense. Overpriced homes often linger unsold, and buyers are becoming keen to differentiate between well-crafted homes and subpar renovation projects. The tendency for buyers to lean toward brand new constructions rather than flips illustrates changes in consumer mindset amid rising mortgage interest rates.