“We keep moving forward, opening new doors, and doing new things, because we're curious and curiosity keeps leading us down new paths.” - Walt Disney
My 15-year-old twins just got their driving permits which comes with double trouble!
On my first day driving with Natalie she turns to me and says, “Mom, isn’t this so great…you get to sit back and relax while I drive you around!” Needless to say, relaxing was the farthest thing from my mind as she was about to run through a stop sign. However, her perception of the death-defying time I spend in the passenger seat of these driving lessons is that it’s relaxing. It got me thinking about how everyone’s lens and perception of each situation is very different and how that relates to real estate.
As the market cools, large investment portfolios are waiting for the right time to pounce. So if you are sitting back waiting for the deals to pop, you’re not alone. Blackstone’s single-family investment arm announced that it was pausing all home purchases in 38 U.S. cities as markets cool. But while sales activity is slowing and prices are cooling due to rising interest rates, experts say it's only a matter of time before institutional investors, with their ability to buy homes in cash, return to the market in full force with an even bigger advantage over individual homebuyers and mom-and-pop investors.
With so much going on, I hope everyone is able to take a moment to enjoy Labor Day weekend - whether it's poolside, at the beach, or even in the passenger seat.