Are these costly real estate traps draining your savings
Ignoring Market Fluctuations
Market fluctuations are an inherent part of real estate investing. Ignoring these changes can be detrimental to your investment strategy. The real estate market is influenced by various factors, including interest rates, economic conditions, and local demand. For instance, when interest rates rise, borrowing costs increase, which can reduce property demand and drive prices down3. Staying informed about these trends is crucial to making sound investment decisions.