{"id":7310,"date":"2023-05-02T01:27:58","date_gmt":"2023-05-02T01:27:58","guid":{"rendered":"https:\/\/imsfund.com\/?p=7310"},"modified":"2023-05-02T01:27:58","modified_gmt":"2023-05-02T01:27:58","slug":"these-experts-divulge-their-secrets-to-success","status":"publish","type":"post","link":"https:\/\/imsfund.com\/index.php\/2023\/05\/02\/these-experts-divulge-their-secrets-to-success\/","title":{"rendered":"These Experts Divulge Their Secrets To Success"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div :class=\"{ 'hidden': $store.proContent.showFullPrompt() }\">\n<section class=\"px-4 relative border border-slate-200 mobile-toc lg:hidden\" x-data=\"{open:false}\">\n<button class=\"flex items-center gap-4 my-2 border-none w-full\"><br \/>\n<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"h-6 w-6\" fill=\"none\" viewbox=\"0 0 24 24\" stroke=\"currentColor\" stroke-width=\"2\"><path stroke-linecap=\"round\" stroke-linejoin=\"round\" d=\"M4 8h16M4 16h16\"\/><\/svg><\/p>\n<h2 class=\"font-semibold text-slate-800 text-base m-0 js-toc-ignore\">In this article<\/h2>\n<p><\/button><\/p>\n<\/section>\n<p><span data-preserver-spaces=\"true\">Real estate prices fluctuate based on supply and demand, but because so many demographic, economic, and policy changes influence the markets, it\u2019s virtually impossible to know what to expect.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Before the COVID-19 pandemic, for example, economists weren\u2019t predicting a downturn in commercial real estate. Now, Morgan Stanley\u2019s chief economist\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.newsweek.com\/crash-worse-2008-crisis-predicted-commercial-real-estate-1792758\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">warns<\/span><\/a><span data-preserver-spaces=\"true\">\u00a0of a crash more damaging than the 2008 financial crisis. On the other hand, unexpected gains are common as well. In May 2020, Zillow\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.zillow.com\/research\/prices-sales-forecast-coronavirus-26975\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">predicted<\/span><\/a><span data-preserver-spaces=\"true\">\u00a0a drop in home prices and home sales followed by a slow recovery in 2021. But instead, a\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.nytimes.com\/2020\/12\/03\/upshot\/home-prices-explaining-frenzy.html\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">homebuying boom<\/span><\/a><span data-preserver-spaces=\"true\">\u00a0caused prices to skyrocket before 2020 came to an end.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">With the ever-changing markets, what seems like a good investment one year can look like a poor choice the next. But even with all the uncertainty, there are some enduring truths in real estate that you can always depend on as an investor. And understanding these tenets can help you navigate the shifting landscape with more confidence.\u00a0\u00a0<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">1. Due Diligence is Essential to Every Deal<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">\u201cDue diligence must always be done before you put any money into anything,\u201d says\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/realestatebees.com\/profile\/brad-k-warren\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">Bradley K. Warren<\/span><\/a><span data-preserver-spaces=\"true\">, Strategic Real Estate Investing Advisor at Real Estate Bees. \u201cThat is what most people fail to do, and it\u2019s why they lose money when they invest in real estate.\u201d It starts with market analysis to ensure a market is viable before you even look at properties.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">You may need to analyze market rents or construction costs and get estimates from property management companies or contractors to form an ROI hypothesis. Due diligence also includes analysis of property taxes and homeowners insurance when estimating a deal\u2019s overall performance and extends to examining the physical asset as well\u2014for example, you may want a mold inspection in addition to a standard home inspection. The more thorough you are, the less risky your investment will be.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Warren also says to look at the track record of anyone you look to for real estate investing advice. \u201cA lot of these gurus make more money selling their course on how to invest in real estate than they\u2019ve actually made investing in real estate,\u201d he says. Due diligence includes collecting references and evaluating past successes and failures of potential mentors.\u00a0<\/span><\/p>\n<div class=\"lg:block\" x-data=\"{ ad_block_block_64501270b3c0c: popAds(1) }\">\n<template x-for=\"ad in ad_block_block_64501270b3c0c\"><\/p>\n<div class=\"py-4 border-b flex flex-col flex-nowrap text-sm border-t px-0 rounded-none\" x-init=\"&#10;          analytics.track('blockAdLoaded', {&#10;            referrer: 'https:\/\/www.biggerpockets.com\/blog\/truths-of-real-estate',&#10;            sponsor: ad.sponsor,&#10;            ad_title: ad.title&#10;          })&#10;        \" x-intersect:enter.once=\"adViewed('https:\/\/www.biggerpockets.com\/blog\/truths-of-real-estate', ad.sponsor, ad.title, ad.id, 'blockAdViewed', 'blockAd')\">\n<p><span class=\"text-xs text-slate-light block bg-slate-50 p-1 inline-block rounded-md\">Sponsored<\/span><\/p>\n<div class=\"flex items-center text-sm space-x-4\">\n<img :src=\"https:\/\/www.biggerpockets.com\/blog\/ad.imageURL\" :alt=\"ad.imageAlt\" class=\"h-10 w-10 object-cover rounded-full\"\/><\/p>\n<\/div>\n<\/div>\n<p><\/template>\n<\/div>\n<h2><span data-preserver-spaces=\"true\">2. Location, Location, Location<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">This probably goes without saying, but location is everything in real estate, according to\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/kristinamorales.com\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">Kristina Morales<\/span><\/a><span data-preserver-spaces=\"true\">, a Realtor with 20 years of experience in multiple markets. The right location can yield both greater-than-average cash flow and appreciation.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Look for cities with growing economies and thriving cultural scenes, and identify neighborhoods that are safe and boast nearby amenities and green space. Even within the same neighborhood, one property may be better positioned for high returns than another. Get hyper-local and consider whether a property is too close to the freeway or too far from the park.\u00a0<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">3. Home Values Revert to the Mean\u00a0<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Home prices tend to follow the principle of mean reversion. Following a period of rapidly rising prices, home values tend to fall until they reach the statistical long-term mean for that market. If prices have been rising exponentially in a market, that market is likely to experience falling prices. It\u2019s why prices are expected to\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/nypost.com\/2023\/02\/27\/home-prices-set-for-double-digit-plunge-in-some-us-cities\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">fall the most<\/span><\/a><span data-preserver-spaces=\"true\">\u00a0in pandemic boomtowns like Austin and Phoenix, where home prices skyrocketed due to an influx of new residents and other factors.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The good news is that housing price increases during periods of appreciation are generally\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.researchgate.net\/publication\/223592509_Housing_market_dynamics_Evidence_of_mean_reversion_and_downward_rigidity\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">more pronounced<\/span><\/a><span data-preserver-spaces=\"true\">\u00a0than housing price decreases during a downturn from the fundamental value, or what is typical over time in that market. And investors can use this knowledge to buy while prices are low, waiting to sell until prices are high. Of course, knowledge of individual markets is helpful as well since home prices in cyclical markets like San Francisco tend to vary further from the mean than home prices in linear markets. But no matter where you\u2019re looking to invest, remember that what goes up must come down.\u00a0<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">4. A Good Investment Requires an Upfront Exit Strategy<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">\u201cBe clear about your exit strategy before you even invest,\u201d says Warren. That\u2019s because knowing whether it\u2019s a short-term or long-term investment changes your approach and what constitutes a good deal. Whether you\u2019re aiming to rent the property for decades or flip it as quickly as possible, Morales says to purchase with your sale in mind. \u201cHave the foresight that one day you are going to have to sell it,\u201d she says. \u201cAnd as an investor, what are those things that are going to draw renters to the property, or what is going to draw buyers to purchase your flipped property?\u201d\u00a0<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">5. You Need a Good Realtor and Lending Partner in Any Market<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">\u201cThere\u2019s no condition in which the value of your Realtor and your lending partner doesn\u2019t play a crucial role,\u201d says Morales. You might think that you don\u2019t need a listing agent in a buyer\u2019s market, but regardless of the conditions,\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.biggerpockets.com\/real-estate-companies\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">building the right team<\/span><\/a><span data-preserver-spaces=\"true\">\u00a0is essential. Morales says people often run into trouble when they don\u2019t interview prospective real estate agents. She says to ask questions, such as:<\/span><\/p>\n<ul>\n<li><span data-preserver-spaces=\"true\">How long have you been in the business?<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">Are you willing to work with investors?<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">Do you have experience working with investors?<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">Do you know about this area?<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">What resources are available should I need a contractor?<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">What\u2019s your negotiation style?<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">What can I expect from you from an education standpoint?<\/span><\/li>\n<\/ul>\n<div id=\"hero-block_62df1a82bfc88\" class=\"first:mt-0 hero-block    has-background has-slate-200-background-color has-text-color has-theme-gold-color\">\n<div class=\"gap-10 lg:gap-20 flex flex-wrap lg:flex-nowrap max-w-screen-xl mx-auto px-4 relative lg:items-center \">\n<div class=\"relative z-30 lg:w-1\/2 \">\n<main class=\"py-4\"><\/p>\n<p class=\"has-slate-800-color has-text-color has-large-font-size\" style=\"font-style:normal;font-weight:800\">Find an Agent in Minutes<\/p>\n<p class=\"my-3 md:my-5 lg:my-8 has-slate-900-color has-text-color\" style=\"font-size:18px\">Match with an investor-friendly agent who can help you find, analyze, and close your next deal.<\/p>\n<p><\/main>\n<\/div>\n<div class=\"lg:w-1\/2 first:mt-0 relative h-full lg:flex lg:items-center\">\n<picture decoding=\"async\" class=\"object-cover w-full relative z-20 my-0  rounded-md hidden lg:block sp-no-webp\" title=\"The 11 Lasting Truths Of Real Estate: These Experts Divulge Their Secrets To Success 2\"><source srcset=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2022\/08\/Agent-Finder-Block-2.webp \" type=\"image\/webp\"><source srcset=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2022\/08\/Agent-Finder-Block-2.png\" type=\"image\/png\"><img src=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2022\/08\/Agent-Finder-Block-2.png\" decoding=\"async\" class=\"object-cover w-full relative z-20 my-0  rounded-md hidden lg:block sp-no-webp\" title=\"The 11 Lasting Truths Of Real Estate: These Experts Divulge Their Secrets To Success 2\" alt=\"find an investment-friendly real estate agent\" srcset=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2022\/08\/Agent-Finder-Block-2.png\"\/><\/source><\/source><\/picture>\n<\/div>\n<\/div>\n<\/div>\n<h2><span data-preserver-spaces=\"true\">6. Even with the Best Tenants, There Will Be Conflicts<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">According to a survey from renters insurance company Lemonade,\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/swnsdigital.com\/us\/2022\/11\/what-are-the-keys-to-a-successful-landlord-tenant-relationship\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">36% of landlords<\/span><\/a><span data-preserver-spaces=\"true\">\u00a0say they resent some of their tenants. Even when you screen your tenants and establish good relationships with them, you should expect some disputes. It could be a disagreement over who\u2019s responsible for a repair. It could be a violation of a community rule that causes tension. The important thing is to maintain open communication and be transparent while resolving the problem collaboratively. This can prevent conflicts from becoming costly court cases.\u00a0<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">7. House Price Cycles Are Long\u00a0<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">House prices generally cycle through four phases: A recovery phase, when prices are at their lowest. An expansion phase, when job growth facilitates demand for homes that leads to a low supply of homes. A hyper-supply phase, which is often the result of an attempt to meet demand, and finally, a recession phase.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">These price cycles are long, and it typically takes longer for prices to move from trough to peak than to fall from peak to trough. Getting from a price bottom to the prior price peak has taken a median of\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.fhfa.gov\/PolicyProgramsResearch\/Research\/PaperDocuments\/20090617_RP_PreviousHousePriceDeclines_508.pdf\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">6.7 years<\/span><\/a><span data-preserver-spaces=\"true\">\u00a0across metropolitan areas, but full price cycles from peak to peak can last decades. Some markets endure longer price cycles than others. For example, in\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.wsj.com\/articles\/housing-boom-fails-to-lift-all-homes-above-previous-cycles-peak-11654335001\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">477 U.S. cities<\/span><\/a><span data-preserver-spaces=\"true\">, home prices are still trailing behind where they stood during the peak of the early 2000s housing boom.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">It\u2019s worth noting that the\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.nber.org\/research\/data\/us-business-cycle-expansions-and-contractions\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">National Bureau of Economic Research<\/span><\/a><span data-preserver-spaces=\"true\">\u00a0has only recorded a few dozen business cycles in U.S. history, with peak-to-peak durations varying widely and unique circumstances surrounding each downturn. It\u2019s, therefore, difficult to confidently predict how the economy will respond to different drivers. Even while tracking numerous variables that impact economic behavior, economists are unable to predict a large share of recessions and often miss the mark in forecasting their severity, according to the\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.imf.org\/external\/pubs\/ft\/fandd\/basics\/recess.htm\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">International Monetary Fund<\/span><\/a><span data-preserver-spaces=\"true\">.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Even if investors watch for the warning signs, identifying the recovery phase (an advantageous time to buy) isn\u2019t always possible. But one pattern is consistent, and that\u2019s the extended duration of house price cycles. In other words, if you buy a property in a cyclical market when prices are at their peak, you\u2019ll need a dose of patience if you want to capture appreciation.\u00a0<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">8. Diversification is Key to Weathering Recessions<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">If you buy a multifamily residential building that turns into a cash cow, you might be tempted to buy more multifamily residential buildings in the same area, but this is ill-advised unless you already have an array of real estate assets, like warehouses, vacation properties, REITs, and vacant land.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Even if your knowledge and experience is with one particular type of asset, you should diversify your investments. \u201cHave some money in a number of different areas,\u201d says Warren. \u201cUnderstand the wider investing strategy, so if one of your assets goes down, hopefully, others are going up.\u201d Not only should you look to diversify within the real estate sector through both active and passive opportunities, but you should also hold non-real estate assets like stocks and bonds.\u00a0<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">9. It\u2019s All About the Kitchen and Bathrooms<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">\u201cKitchens and bathrooms still sell. It\u2019s probably the number one thing that will attract somebody to the home,\u201d says Morales. The average ROI for a minor kitchen remodel is about 71%, according to the\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.remodeling.hw.net\/cost-vs-value\/2022\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">Cost vs. Value Report<\/span><\/a><span data-preserver-spaces=\"true\">\u00a0from Remodeling Magazine. Outdated kitchens and bathrooms, on the other hand, can deter buyers. Other buyer must-haves may be location dependent. Morales says people are looking for basements in Ohio, for example, and not having one cuts your buyer pool in half. Parking and privacy can also be deal-breakers.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u201cWhen you\u2019re looking to invest in a property, think about its marketability regardless of the market cycle,\u201d suggests Morales. A lot of times, people get caught up in the emotion when there\u2019s no inventory. But you may not be selling in the same market, so think about the objections that the next person\u2019s going to have about the property.\u201d\u00a0<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">10. Real Estate Will Never Be a Perfectly Competitive Market<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Investing in real estate is different from buying a potato from the grocery store because real estate transactions have too many complexities, constraints, and moving parts for the market to be perfectly competitive. Perfectly competitive markets (like agriculture) tend to have many sellers providing a homogeneous product and buyers who are knowledgeable and can buy the product easily and frequently. For\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.researchgate.net\/figure\/21-Perfect-market-versus-typical-real-estate-market_tbl1_242417789\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">perfect competition<\/span><\/a><span data-preserver-spaces=\"true\">\u00a0to exist, the market must be easy to enter without transaction costs or government policy constraining buying and selling activity.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">In real estate, every property is unique, transactions are expensive and complex, buyer and seller knowledge is limited, available supply and demand often depend on government policies, and there are few participants in the market at a time. The real estate market isn\u2019t perfectly competitive and probably never will be. But it\u2019s interesting to consider whether real estate would become a more accessible or affordable investment if players in the market strived toward the elements of perfect competition\u2014for example, what if zoning restrictions were lifted and technology allowed for lower transaction costs?\u00a0<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">11. Let\u2019s Face It. You Can Never Have Too Many Properties<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">The more wealth you have, the more properties you\u2019re likely to have. While millionaires owned an average of two homes in 2018, according to a\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/blog.coldwellbankerluxury.com\/wp-content\/uploads\/2018\/09\/DIGITAL_CBGL-A-Look-At-Wealth_OL_FM01-1.pdf\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">report<\/span><\/a><span data-preserver-spaces=\"true\">\u00a0from Coldwell Banker, the nation\u2019s demi-billionaires (the top 0.001%) owned an average of ten homes. Why? Perhaps it\u2019s because smart investments in real estate are strong drivers of wealth for the ultra-rich.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Or perhaps when there\u2019s enough money to get a villa in Tuscany, a New York penthouse, an Aspen mountain chalet, and a California beachfront home, you don\u2019t choose. You just buy them all. Whether demi-billionaires are racking up properties for enjoyment or to build even more wealth, the fact remains: There\u2019s no such thing as too many houses.\u00a0<\/span><\/p>\n<div id=\"hero-block_62df1a82bfc88\" class=\"first:mt-0 hero-block    has-background has-slate-200-background-color has-text-color has-theme-gold-color\">\n<div class=\"gap-10 lg:gap-20 flex flex-wrap lg:flex-nowrap max-w-screen-xl mx-auto px-4 relative lg:items-center \">\n<div class=\"relative z-30 lg:w-1\/2 \">\n<main class=\"py-4\"><\/p>\n<p class=\"has-theme-gold-color has-text-color has-large-font-size\" style=\"font-style:normal;font-weight:800\">Get the Best Funding<\/p>\n<p class=\"my-3 md:my-5 lg:my-8 has-slate-900-color has-text-color\" style=\"font-size:16px\">Quickly find and compare investor-friendly lenders who specialize in your unique investing strategy. It\u2019s fast, free, and easier than ever!<\/p>\n<p><\/main>\n<\/div>\n<div class=\"lg:w-1\/2 first:mt-0 relative h-full lg:flex lg:items-center\">\n<picture decoding=\"async\" class=\"object-cover w-full relative z-20 my-0  rounded-md hidden lg:block sp-no-webp\" title=\"The 11 Lasting Truths Of Real Estate: These Experts Divulge Their Secrets To Success 2\"><source srcset=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2022\/08\/Agent-Finder-Block-2.webp \" type=\"image\/webp\"><source srcset=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2022\/08\/Agent-Finder-Block-2.png\" type=\"image\/png\"><img src=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2022\/08\/Agent-Finder-Block-2.png\" decoding=\"async\" class=\"object-cover w-full relative z-20 my-0  rounded-md hidden lg:block sp-no-webp\" title=\"The 11 Lasting Truths Of Real Estate: These Experts Divulge Their Secrets To Success 2\" alt=\"find an investment-friendly real estate agent\" srcset=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2022\/08\/Agent-Finder-Block-2.png\"\/><\/source><\/source><\/picture>\n<\/div>\n<\/div>\n<\/div>\n<p class=\"italic\"><b>Note By BiggerPockets:<\/b> These are opinions written by the author and do not necessarily represent the opinions of BiggerPockets.<\/p>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.biggerpockets.com\/blog\/truths-of-real-estate\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In this article Real estate prices fluctuate based on supply and demand, but because so many demographic, economic, and policy changes influence the markets, it\u2019s virtually impossible to know what to expect.\u00a0 Before the COVID-19 pandemic, for example, economists weren\u2019t predicting a downturn in commercial real estate. Now, Morgan Stanley\u2019s chief economist\u00a0warns\u00a0of a crash more [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[9],"tags":[],"class_list":["post-7310","post","type-post","status-publish","format-standard","hentry","category-blog"],"_links":{"self":[{"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/posts\/7310","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/comments?post=7310"}],"version-history":[{"count":1,"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/posts\/7310\/revisions"}],"predecessor-version":[{"id":7311,"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/posts\/7310\/revisions\/7311"}],"wp:attachment":[{"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/media?parent=7310"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/categories?post=7310"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/tags?post=7310"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}