The reduced demand causes rents to decline but at the same time the tax base is eroding from the employer closing up shop causing property taxes to spike up.

Rates going up 30bps yesterday after 10 year is spiking up hahaha all those because of the fake job numbers !

Curious if this would spike up demand in Memphis 

While some increases can be anticipated, the recent spikes in interest rates were unforeseen by many.

I have seen a huge spike in interest again in STRs in the Nashville market this year that is on par with late 2019/early 2020 before the pandemic.  

I'm curious what the summer will reveal in 2024 for active inventory, as there has historically been a spike with a couple of years of outliers. 

So, it is not uncommon for SWFL to spike during the months of April and May. 

well i guess to figure out if our deal is a great deal is in the eye of the beholder and we feel it is for many reasons not just cost there are other considerations. costs as you know have been all over the map going way up ( when lumber spiked) to back down like now..

If you have ever been confused as to why a big decrease or increase in CPI didn’t seem to move things, this is probably why.Jobs reportAnother key monthly economic data release from the BLS that can greatly affect interest rates is the jobs report, which estimates how many overall jobs (nonfarm payroll employment) were added or subtracted in the prior month, as well as a calculation of the unemployment rate.In 2024, this report may have overtaken CPI as the biggest market mover, as many financial experts expect the Fed to potentially cut rates if large job losses occur and the unemployment rate spikes, even if inflation had not yet returned to the 2% target.These reports are typically released on Friday mornings, also at 8:30 a.m.

There is a few month lag due to billing lag, waiting to see if the spike is consistent, then raising rent, but it works out in the end and I like knowing that the bills are paid.