Willy @ The Real Estate Project

   The real estate market has changed a lot lately. Housing sales have cooled off a little as interest rates have increased. Buyers who potentially could have qualified for a loan no longer can. Some sellers have had to either reduce their prices, offer incentives or just pull their properties off the market for right now. We've also seen home buyers who were originally looking in higher priced markets now shifting their focus on buying in lower priced areas. This has also caused a sort of migration to other states and cities for affordable housing. 
   In several larger markets where investors had a high interest in rental properties, has changed since there has been a push by local politicians and government agencies to protect tenants from evictions when they don't pay their rent. This had pushed many smaller rental property owners to the point of financial distress and many facing losing their own homes as well as their rental property.  
   Where all this will end up, we don't know. It's anybody's guess of what's around the corner for real estate. Will there be a real estate crash like we saw back in 2007/2008? I don't know. I am seeing an increase in Notice Of Default filings and lenders requesting Broker Price Opinions on properties that are likely to become Bank Owned properties.