Austin is on Sale! Why is nobody buying?

[Jordan Moorhead]

We sell a lot of real estate in the Austin, TX and Minneapolis - Saint Paul, MN areas and we now have the most listings we've ever had up.

I know interest rates are high but they're not higher than they have been in the last few years and we're starting to see the coveted 1% deals pop up again and people don't seem to be interested. With DSCR rates under 7% a lot of these deals make sense too and I'm just confused why people aren't jumping on them!

We're busy buying Mobile Home Parks and if I was in the residential investment space right now I like to assume I would be buying but I'm really curious as to what's stopping people?

Everyone said they were waiting for prices to come down before they bought. They're DOWN a lot. What's keeping you on the sidelines?