We've noticed a significant decrease in the number of initial inquiries and calls, and fewer potential tenants are surprised during in-person viewings.

It’s a difficult decision for you to make, but unless you can increase revenue to absorb the increase in rent, you have to decide if the decreased net income is worth the trouble. 

When we shifted from weekly updates to this twice-a-week approach, we saw our average days on market decrease significantly.

The buying power of your rental income will decrease due to inflation.Where can you buy properties where prices and rents will outpace inflation?

These are critical, the people that do not do this have a decreased rate of getting the client and will look unprofessional.

Rates make it difficult to cashflow, and appraisal values in many markets have been decreasing, making it very hard to incorporate this strategy.

So as you can see the profit margin has decreased.

- Some markets have seen home prices decrease from their 2022 peak (like Austin, TX).

Whether you're an investor, homeowner, or just curious about the market, here’s a snapshot of what’s happening, based on the real-time data provided, along with some thoughts to spark discussion.Key Market StatsMedian List Price: $625,000Median Price of New Listings: $685,000Price Per Square Foot: $345Average Days on Market: 116 daysMedian Days on Market: 63 daysPrice Decreased: 47% of listingsPrice Increased: 4% of listingsRelisted: 17% of listingsInventory: 151 homesMedian Rent: $4,000Market Action Index: 33 (Slight Seller’s Advantage)What’s Happening in Cathedral City?

You can find higher ROI (on paper) here and probably in other cities…but the probability of actually collecting rent significantly decreases.