On The Market

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BiggerPockets Real Estate 1266 – The War Has Changed the Housing Market | April 2026 Update

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How America Could Soon Be Oversupplied with Homes

Tue, 21 Apr 2026 11:00:00 -0000

For years, we’ve been promised that a “tsunami” of homes would hit the market as Baby Boomers age, move into senior housing, and pass away. We’ve been waiting…and waiting, but we’re still millions of housing units short. Yet, even without a “silver tsunami,” another trend could push us toward a housing supply glut in the future—new builds.

Builder sentiment has dropped to a seven-month low. Homes are sitting empty, huge concessions are being offered, but the buyers are few and far between. Longer absorption periods mean higher holding costs for builders, prompting larger incentives to sell these homes. But, with mortgage rates bouncing back up to the mid-six percent range, who wants to buy? Very few Americans, and that’s the problem.

Between Baby Boomers slowly trickling inventory into the housing market and builders creating more supply than (financeable) demand, is this the tipping point where we go from an undersupplied to an oversupplied housing market? In this headline episode, we’re getting into it, plus a “ban” on one of America’s hottest real estate assets.

In This Episode We Cover

Is the silver tsunami ever going to hit? Why Baby Boomer homes aren’t reaching the market

Where home prices have the highest chance of falling if the Baby Boomer supply hits the market

The major opportunity for real estate investors to pick up seriously discounted new-build homes

A new real estate asset “ban” that’s affecting over 15 states in the country

Will we flip from a housing deficit to oversupply?

And So Much More!

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On the Market 403 - You Have Until 2031: What Happens When Population Starts to Decline?

Calculated Risk

Reuters: US home builder sentiment drops to seven-month low in April, NAHB survey says

WSJ: America’s Self-Storage Craze Has Reached a Tipping Point

Associated Press: The US is short 10 million houses. A new White House report lays out a blueprint to fix that

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Housing Market Reverses Gains as Sentiment Reaches 70-Year Low

Thu, 16 Apr 2026 11:00:00 -0000

This could have profound effects on the housing market, and if you work or invest in real estate, you need to know what's coming next.

Energy shocks, high inflation, new job numbers, the worst consumer sentiment in 70 years…it’s all hitting us in a single week, and the housing market is already reacting. After months of affordability gains, mortgage rates jumped back to 6.4% in response to the oil price spike and, by proxy, high inflation readings. The Fed has already made the bulk of its rate cuts, so is there any room left for interest rates to go down?

Home sales are already slowing, and consumers are feeling the worst about the economy in 70 years. This will impact the housing market, and it’s not good news for agents, brokers, lenders, or anyone involved in transactions. But for investors, we’re being given yet another opportunity to buy deals…and the discounts could be getting deeper.

The window to act is widening even more. Here's how to position yourself before it closes.

In This Episode We Cover

New inflation rate readings and why the CPI rose close to 1% in just a month

Mortgage rates are stuck: why they can’t fall much more, even with a new Fed chair

Latest home sales data that shows how the housing market is already reacting

Why more and more investors are getting pessimistic about the housing market

Will home prices crash? Here’s what’s holding them stable right now

What investors need to do to prepare themselves right now to get better deals

And So Much More!

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On the Market 372 - New Recession Indicator Shows Americans Worse Off Than We Thought

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These High-Inventory Markets Could “Swing Up” in the Next Cycle

Tue, 14 Apr 2026 11:00:00 -0000

Could today’s weak housing markets become tomorrow’s winners? One particular real estate demand “cycle” says that it’s more than possible. Everyone has written off real estate markets where inventory has risen, prices have dropped (substantially), and migration has slowed. But what happens when the pendulum swings in the other direction, and these dead markets return to life?

ResiClub’s Lance Lambert joins us to get into all things supply, demand, and most importantly—inventory. According to Lance, we’re in the 25th percentile for weak housing markets, and one certain variable could increase our risk significantly, and it’s not getting much better. A “catalyst for risk” could push demand down even more, stunting already suffering housing markets. But there is hope.

Domestic and international migration surged post-pandemic but has come to a standstill in the past few years. When this migration “cycle” restarts, certain states, especially those with the weakest housing markets right now, could benefit. And if mortgage rates lower again, breaking more of the “lock-in effect,” the market could change quickly. But which markets could “swing up” the fastest?

In This Episode We Cover

A real “catalyst for risk” that could cause an even weaker housing market

The states that could see the biggest boosts once domestic and international migration return

Investors: This is a sign that you should make an aggressive offer on a property

Good news for interest rates? A “considerable improvement” in this key metric

Why inventory is stabilizing in the hardest hit housing markets

And So Much More!

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On the Market 413 - Real Estate Isn't as Safe From Inflation as You Think

ResiClub

Lance’s LinkedIn

Lance’s X

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The 2026 Property Tax Revolt: These States Move to End Property Taxes

Thu, 09 Apr 2026 11:00:00 -0000

Property taxes: banned.

There are now more than a dozen states across the country seeking to limit, reduce, or outright eliminate property taxes—and the support behind the efforts is growing. As property taxes explode across the U.S., homeowners are facing an average 30% increase, curbing affordability efforts. As a result, Florida, North Dakota, Indiana, Texas, and other states are considering banning or heavily restricting property taxes.

Today, we’re getting into the Great Property Tax Revolt of 2026.

There are five types of property tax bills being proposed: assessment limitations, levy caps, homestead exemptions, credits and reductions, and tax swaps. These new property tax proposals could save homeowners thousands of dollars per year, but the side effects on local government budgets could be substantial. If we don’t have property taxes funding local services, what will?

We’ll get into all of it and the top states’ proposals for eliminating or limiting property taxes. One often-overlooked state is funding its property tax elimination without any extra cost to homeowners. How will it work? And if primary homeowners get property tax breaks, will investors have to fill in the gaps with higher taxes? This is what could happen next.

In This Episode We Cover

Two states that could soon completely eliminate property taxes for primary residences

The downside of lower (or no) property taxes: will other taxes jump as a result?

What could happen to property values if your state decides to eliminate property taxes

How property tax bans will affect real estate investors (will your tax bill go up or down?)

Why property taxes have exploded 30% (and whether new assessments could push them higher)

States with the highest (and lowest) property tax rates in 2026

And So Much More!

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⁠Property Manager Finder⁠

On the Market 404 - 75,000 “Relistings” Could Hit the Market, But Inventory WON’T Explode? w/Mike Simonsen

Federal Reserve Bank of Minneapolis: How higher property taxes increase home affordability

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Accidental Landlords Hit a High as Rising Interest Rates Freeze Buying

Tue, 07 Apr 2026 11:00:00 -0000

The housing market is locked up once again before the most important time of the year—the spring homebuying season. With interest rates flying back up to the mid-6% range and inflation anxiety rearing back, Americans are once again stuck. And it’s not just first-time homebuyers; accidental landlords are hitting a new high as homes get even harder to sell.

So, is the spring homebuying season… canceled?

We’re back with this week’s headlines. First, we’ll start with the new job numbers—a massive increase over a very negative February. This is good news for the economy, but strong headwinds are hitting at the same time—rising mortgage rates, rising gas prices, and reignited inflation risks. It could be enough to throw off the traditionally strong spring homebuying season altogether.

Accidental landlords are forming fast as they turn their flips, former primary residences, or inherited homes into rental properties. If you’re thinking about doing this—stop. James has strong cautionary advice for anyone about to become a first-time landlord.

Finally, everyone is talking about data centers—do we invest in them or curb their construction? Here’s why Dave, Kathy, and James are very cautious about them.

In This Episode We Cover

New jobs report numbers and the strong bounce back from February 2026

Will oil prices flip us back to high inflation? What this means for mortgage rates

Real-time trends on homebuyers and what we’re seeing in the market

Why James says many people should not become accidental landlords and sell at a loss instead

Are data centers really worth the hype? Why we’re not investing in them (yet), even with the growth of AI

And So Much More!

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Real Estate Isn’t as Safe From Inflation as You Think

Thu, 02 Apr 2026 11:00:00 -0000

Inflation is rising again, and everywhere on social media, we’re hearing people say, “Buy real estate!” Property is supposed to be the ultimate inflation hedge. The problem? Real estate may not save you from the inflation heading our way. In fact, home prices could get worse if things continue this way. But how?

For decades, we’ve been told that real estate is the ultimate inflation hedge. It’s tracked rising prices very well and has been one of the most championed “safe” assets to buy. But do real estate prices always follow the path of inflation? What happens if consumer prices rise but renters are paid less, a recession hits, nobody can pay their bills, you can’t pay your mortgage, and home prices fall?

This is a reality that real estate gurus tend not to think through—the other side of inflation. Today, we’re getting into it. Which inflation benefits real estate prices the most? Which of the four possible inflation scenarios could unfold as the world tilts toward uncertainty, and which assets protect your wealth regardless of the inflation rate?

In This Episode We Cover

Is real estate really a good hedge against inflation? Most people assume incorrectly

The two types of inflation and how they (oppositely) affect real estate prices

Four future scenarios we could see if inflation rises, falls, or stays the same

What’s causing rising inflation right now? An April 2026 inflation update

The four ways real estate will benefit during a traditionally high-inflation period

And So Much More!

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Center for American Progress: Trump Administration Tariffs Could Result in 450,000 Fewer New Homes Through 2030

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This Could Be the Best Real Estate "Buy" of 2026

Tue, 31 Mar 2026 11:00:00 -0000

This could be the best real estate “buy” of 2026. While mortgage rates are climbing back up and everyone is waiting out the housing market—again—one man is going all in: James Dainard.

If you’ve listened to On the Market for a while, you know James is never not buying—but what he’s buying changes by the week, or even by the day. Last year, James got burned (a bit) on house flipping and new development, but reassessed his almost unbeatable investing framework and is now saying there’s one particular asset class he’s hungry to acquire—and it’s on serious discount.

So today, we’re picking the brain of the man with 1,000+ rental units who’s flipped thousands of homes and knows the market better than any economist, since he’s on the ground buying and selling every single day.

James shares the “best buy” of 2026, the one thing you must account for if you’re flipping or doing any renovation project, the single best rental for small investors to start with (and how to find them on-market at discount), and the one high-return deal he’d do as a new real estate investor.

This is what’s working in real estate right now in 2026.

In This Episode We Cover

The overlooked (and underpriced) properties James is heavily targeting in 2026

How to find on-market, discounted rentals perfect for small investors

The “buyer psychology” changes in the market that flippers must be aware of

One high-return real estate deal new investors should heavily consider in 2026

One cost to add to every renovation project to ensure you stay on budget

And So Much More!

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⁠On the Market 410 - The First Domino? Investors Pull Billions as Real Estate Bank Runs Return⁠

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BiggerPockets Real Estate 1100 - The Ultimate Underrated Rental Property (for Small Investors) w/Brian Burke

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The $3T Problem No One in Real Estate is Paying Attention To

Thu, 26 Mar 2026 11:00:00 -0000

A $3 trillion market is beginning to crack. JPMorgan CEO Jamie Dimon has sounded off, saying there are “cockroaches” in the system. Investors are pulling billions of dollars out of the market, and real estate could be affected in a massive way.

This is the private credit crisis explained.

When big investors go to buy or build, they don’t always take money from a bank; instead, they get loans from the private credit market—lenders who operate outside of the traditional lending apparatus. But over the past four years, commercial real estate has seen values tank, income drop, and demand shrink for everything from office to multifamily and more. And the people who lend their money to private credit are starting to get nervous.

Billions of dollars have already been pulled out of the market, with many investors going on “bank run” style withdrawal sprees. But, this isn’t only a commercial real estate problem—residential real estate could be affected if enough money leaves the systems.

So what happens next? Will real estate prices fall even further as a result? Are we on the brink of a credit crisis mirroring the 2008 subprime bubble? We’re breaking it all down in this episode.

In This Episode We Cover

Private credit explained: who’s lending the money and what is being leveraged

“Cracks” begin to form, and why investors are pulling billions of dollars out of the system

Riskier commercial real estate debt that could trigger a “debt spiral” of serious proportions

Why residential real estate is not completely safe if commercial real estate starts to fall further

The one thing worrying experts the most about this hidden credit crisis

And So Much More!

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On the Market 410 - The First Domino? Investors Pull Billions as Real Estate Bank Runs Return

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The First Domino? Investors Pull Billions as Real Estate Bank Runs Return

Tue, 24 Mar 2026 11:00:00 -0000

Investors are pulling billions of dollars (yes, billions) out of real estate investments at a record pace as “bank run” style withdrawals return. Blackstone has already seen record withdrawal requests of over $3 billion. Could this be the first domino to fall that could set off a private credit crisis, pulling multifamily prices down even more?

We’re back with this week’s biggest headlines—from mortgage rates rising back to six-month highs to corporate headquarters being converted into housing—there’s almost too much to talk about happening in the housing market. First, mortgage interest rates flip as buyers get pushed back out of the market, but this could lead to even bigger discounts for investors.

A lonely corporate headquarters building gets greenlit for conversion to housing. If this trend continues, we could see relief in housing supply strain. Investors pull a record amount of money from real estate investments—just as commercial real estate needs it most (this will have consequences). Finally, the “millionaire tax” makes its way through one state—and it could kill one type of real estate investing.

In This Episode We Cover

Investors go on a bank run—why they’re pulling billions of dollars from investments

Mortgage rates boomerang back to around 6.5%, but investor deals could get even better

The newest housing inventory opportunity and how to make a CEO’s office your new living room

The millionaire tax is kicking profitable investors out of this popular market

And So Much More!

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BiggerPockets Real Estate 1207 - 2026 Mortgage Rate Predictions: This “X Factor” Could Change Everything

NewsTimes: 200 apartments floated at Duracell’s ‘gorgeous’ former world HQ in Bethel as workforce shrinks to 20

Ken McElroy: The Liquidity Problem No One Is Talking About

Homes.com: As Washington 'millionaires tax' heads to governor, some agents see homeowners list

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A $48T “Structural Shift” to the Housing Market is Only Just Beginning

Thu, 19 Mar 2026 11:00:00 -0000

A “structural shift” is happening in the housing market—one that will permanently change how home prices appreciate. We could be experiencing the last era of steady, rising home prices as we enter into a new reality—a reality without Baby Boomers owning real estate.

For years, a “silver tsunami” has been predicted to “crash” the housing market. With Baby Boomers downsizing, aging in place, and passing away, the inevitable wave of inventory was supposed to hit the housing market with fury—but it hasn’t happened, at least not yet. With the average Baby Boomer now in their 70s, surely we should start to see inventory fly on the market…right?

Today, we’re getting into when (and if) the silver tsunami will hit, why the end of the Baby Boomer generation could change the home price growth trajectory permanently, and what will unfold in the 2030s (and beyond) that could cause serious headwinds in the housing market. But if it all comes true, investors will have the opportunity of a lifetime to get something many have assumed is gone—cash flow.

In This Episode We Cover

The “silver tsunami” explained, and why it hasn’t crashed the housing market

Inheritance begins to peak—how many heirs will keep vs. sell their parents’ homes?

The “structural shift” that could change home price appreciation forever

Just how much of the housing market Baby Boomers own (it’s a LOT)

The return of cash flow? Why real estate investors will get another opportunity to buy

And So Much More!

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On the Market 403 - You Have Until 2031: What Happens When Population Goes Negative?

On the Market 404 - 75,000 “Relistings” Could Hit the Market, But Inventory WON’T Explode?

On the Market 408 - Melody Wright’s Honest Take On the “Worse Than 2008” Crash Claim

Real Estate by the Numbers

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Melody Wright’s Honest Take On the “Worse Than 2008” Crash Claim

Tue, 17 Mar 2026 11:00:00 -0000

A housing price correction “worse than 2008”? That’s the headline of Melody Wright’s widely-cited Newsweek interview, but today, she’s giving her full, honest take on what she really meant.

Melody got into the mortgage industry in 2006, riding the subprime wave up until it popped two years later. The lender she worked for went bankrupt in 2012, as Melody witnessed the fallout firsthand. From there, her new job became analyzing housing data to ensure this never happened again. And looking at the data—delinquencies rising, inventory spiking, a quiet “credit crisis” rarely talked about—Melody believes we could be on the verge of another serious correction.

Today, we’re getting her detailed opinion on whether we should expect a housing crash, correction, or a slow, stable return to affordability. We talk at length about the rising delinquency rates (much of which is not public) signaling serious trouble for the housing market and borrowers, and the “credit crisis” brewing behind the scenes that could upend the market (especially for investors).

This is what Melody Wright really thinks will happen next.

In This Episode We Cover

Melody’s real opinion on the “Worse Than 2008” claim

Why Melody believes home prices could correct up to 50% in some markets

The “credit crisis” brewing that uncovers a very weak homebuyer pool

Delayed delinquency? Why more borrowers are beginning to inch closer to losing their homes

The white-collar recession that will have serious effects on pricey real estate markets

And So Much More!

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On the Market 407 - The White-Collar Recession Means More for Real Estate Than You Think

Newsweek Price Correction ‘Worse Than 2008’ Coming To US Housing Market—Analyst

Reuters JPMorgan marks down value of loan portfolios of some private credit groups, source says

Realtor Housing Market Tilts in Favor of Buyers as Active Inventory Climbs

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The White-Collar Recession Means More for Real Estate Than You Think

Thu, 12 Mar 2026 11:00:00 -0000

The next recession is already here. You may not see it, but you definitely feel it. Companies are quietly letting go of dozens or hundreds of workers at a time, interviews are getting harder to land, and those around you who made the most money are suddenly just trying to get by.

This is the “white collar recession”—and a new report could prove that it’s about to get much more severe. And what happens when the highest earners, those who buy homes and can get approved for mortgages, suddenly vanish from the housing market? The impacts could be widespread, and a permanent shift in real estate could be on the horizon.

Today, we’re unpacking it all—which jobs are most (and least) at risk, what will happen to the housing market as high-income earners lose their salaries (and ability to buy homes), and the markets most reliant on these types of white-collar jobs.

But it’s not all bad news. New opportunities could be emerging in select markets as a few major industries see stability, and one type of investment property becomes the most sought-after of all.

In This Episode We Cover

The “white collar recession” and the jobs most at risk due to AI

Why this time it’s different, and a recession may be inevitable

How the housing market will permanently shift as homebuyers lose their income

The most stable housing markets with the best employment potential

One type of investment property every investor needs to keep an eye on (demand could rise)

And So Much More!

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On The Market 401 - Off by Nearly 1 MILLION Jobs? Why New Jobs Report Will Impact Real Estate

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Anthropic Report

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The Housing Market Freezes as Americans Brace for War

Tue, 10 Mar 2026 11:00:00 -0000

Could the war in Iran reverse all the interest rate relief we’ve received throughout the past year? With oil shooting up in price, unintended consequences could trickle down to your mortgage rate—and Americans are already feeling the shock.

The housing market is re-freezing as buyers (and sellers!) stay on the sidelines as the world feels more and more unstable. What does this mean for your mortgage rate? Some people say this could cause a housing crash; others argue the opposite. What’s really going to happen next?

We’re back with a new headline episode, going through the top stories affecting the housing market. First, we’re talking about the Iran war and its effects on mortgage rates and the housing market. Then, the states leading the 'two-speed housing market': some are seeing significant price gains, while much of America's home prices are declining.

Do you use an AI calling agent in your real estate business? You need to hear this first. A new lawsuit shows you could land in hot water unless you follow the rules.

In This Episode We Cover

Back to rising mortgage rates? Side effects of the Iran war on the U.S. housing market

The hottest markets still seeing 4%+ price growth even in 2026

AI agents lead to lawsuit: What you should not do if you’re using AI callers for real estate

Why so many Americans are moving from the coast inland to these cities

Is the housing market freezing again? Why buyers and sellers are backing off

And So Much More!

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Top 10 Markets Where Prices Will Rise and Fall in 2026

Headlines from Today’s Show:

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The Best (and Worst) Housing Markets in America (March 2026 Update)

Thu, 05 Mar 2026 12:00:00 -0000

The housing market is split. Some real estate markets are seeing low inventory, rising prices, and fierce buyer competition. Others are seeing steep price cuts, desperate sellers, underwater owners, and delinquency rates creeping up.

So, which housing markets are the riskiest in the country? Which market has the highest chance of seeing home price growth while the rest of America struggles for air?

We’re doing a nationwide deep dive today, looking at the metrics that matter most—home price appreciation, affordability, delinquency rates and owner distress, and underwater mortgage share. Each of these data points will allow you to predict which markets will grow, slow, and struggle over the next year.

Plus, Dave is sharing what each region of the country should be paying attention to as an investor, the riskiest markets of 2026, and the number one comeback city no one is expecting.

In This Episode We Cover

The riskiest housing markets in the U.S. that could see continued price declines

Cities seeing a return to “affordability” as buyers get a big break

Delinquency rates rising? Areas with these mortgage types see more owners fail to make payments

The “comeback” cities that have the greatest home price growth potential

Why “underwater mortgages” aren’t as scary as you think they are (but investors should still be careful)

And So Much More!

Links from the Show

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On The Market 369 - Zillow Forecast: Best and Worst Housing Markets of 2026

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75,000 “Relistings” Could Hit the Market, But Inventory WON’T Explode?

Tue, 03 Mar 2026 12:00:00 -0000

Remember all those homes that were “delisted” in the fall and winter? The homes that sellers took off the market when they couldn’t get the price they wanted? Well, now, the frozen housing market is thawing, and 75,000 “relistings” could boomerang back into the market. With a new wave of inventory, would this be the catalyst for home prices to drop even more?

Compass’s Mike Simonsen, friend of the show and all-time inventory expert, is back to give a quite contrarian take on the relisting inventory about to hit the real estate market. With the spring homebuying season about to peak in just a couple of months, former sellers now get a new chance to put their properties up again, in hopes that lower mortgage rates entice buyers.

The crash predictors say that this new glut of inventory could cause prices to drop as the buyer’s market becomes even more one-sided. But Mike has a key piece of data that changes the story entirely, one that could be good for the future housing market and actually give transactions a modest boost.

Mike says a “new era” of real estate is upon us—and it could last a while.

In This Episode We Cover

The “relisting” wave of inventory that could hit the housing market this spring

Why home prices may not drop even with more properties on the market

A “new era” of real estate that makes it even better to buy a home

Why housing inventory is falling in states with the biggest home price corrections

No forced selling? The reality that kills the housing crash narrative

And So Much More!

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On The Market 378 - The “Delisting” Wave Putting Years of Housing Market Gains at Risk

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You Have Until 2031: What Happens When Population Goes Negative?

Thu, 26 Feb 2026 12:00:00 -0000

There’s a ticking time bomb for the U.S. housing market that nobody is talking about. It’s the biggest existential threat to home prices and housing demand, and it (arguably) can’t be stopped. The question is, how long do we have until it happens?

Today, we’re talking about population: what happens when the U.S. population begins to decline, and the need for housing falls year after year? Deaths are already set to outpace births by 2031, meaning we’re just five short years away from this risky scenario becoming reality. What happens to home prices? Will millions of homes sit empty? Which markets will see their values fall the fastest? Is real estate still safe to invest in?

Dave’s giving a masterclass on the population crisis, and how the housing market will be affected. From birth rates to immigration, baby boomers passing away (and passing down their houses), and cities that will face the biggest demographic headwinds, this is what every investor needs to know before 2031.

In This Episode We Cover

What happens to the housing market once the population begins to decline?

Will our housing shortage flip to a supply glut as demand is forced to fall?

The one thing propping up our population and how it’s starting to falter

Short, medium, and long-term housing forecasts as population decline increases

Lessons from Japan, Germany, and Italy: Where do home prices fall the fastest once populations decline?

Markets that will be the safest when the population finally begins to flip

And So Much More!

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U.S. Immigration Crisis: What It Really Means for Housing Markets and Investors

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Tariffs Out, Housing Bill In: Big Changes Coming for Real Estate

Tue, 24 Feb 2026 12:00:00 -0000

Many of President Trump’s tariffs have been canceled—and the housing market could stand to benefit. Could this be yet another sign that inflation is slowing and that mortgage rates can continue to fall?

This is big news for the housing market, but it’s not even the biggest news of this episode.

Today, we’re going over everything you may have missed. From the Supreme Court striking down tariffs in a majority vote to a major housing bill moving forward, to cities seeing the most new corporate headquarters (a serious sign of job growth), we’ve been busy taking stock of the stories affecting investors.

We’ll get into how the tariff reversal will affect prices and mortgage rates (this may be great news), the new housing law that could make building, renovating, and financing even easier, Trump’s new “tokenized” real estate investments, and the markets that may see the biggest booms as jobs flood these areas.

In This Episode We Cover

Tariffs canceled: a win for the housing market as inflation risk reduces?

The new housing supply and affordability bill that could pass the Senate soon

The cities that are gaining (and losing) corporate headquarters (some are not so obvious)

Would you invest in Trump’s “tokenized” real estate investment? The “crypto for real estate” push continues

Will tariffs be returned to American citizens who paid them? One Supreme Court justice gives his honest take

And So Much More!

Links from the Show

Join us at the BiggerPockets Conference October 2-4 in Orlando. Buy tickets

On the Market 399 - Buying (and Building) Houses Could Get a LOT Easier

WSJ: Supreme Court Strikes Down Trump’s Global Tariffs

NAR: Bipartisan Housing Bill Passes House of Representatives

BI: A crypto firm with ties to Trump will 'tokenize' some of the president's real estate empire

Visual Capitalist: The U.S. Cities Gaining and Losing Corporate HQs

Grab Dave's Book, "Real Estate by the Numbers"

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Off by Nearly 1 MILLION Jobs? Why New Jobs Report Will Impact Rentals

Thu, 19 Feb 2026 12:00:00 -0000

Big economic news dropped last week: labor data, inflation rates, and huge jobs revisions. All of these are already impacting the housing market, but could new numbers cause an even greater shift that could affect your mortgage rate, your rents, and your next deal?

Rental property owners, agents, sellers, and buyers: this news affects what you’re doing right now. New labor data beat the odds, with a surprising amount of hirings. But, with many of those hirings concentrated in a few specific fields, investors in markets with this line of work will need to watch carefully. And it wasn’t all good news—the largest jobs number revision in over a decade happened last week. The number of overreported jobs? It changes the picture entirely.

A strong labor market could mean stagnant mortgage rates, but inflation data might just come in to save the day. With lower inflation readings, could the Fed get the confidence to cut once again?

Finally, we’ll talk about exactly which types of homes will sell and which will stagnate on the market. One type of property is flying off the proverbial shelf, so if you can build, renovate, or rent it, you could be in luck. For the rest of investors, Dave has some cautious words of wisdom that could save you if this economic trend continues.

In This Episode We Cover

Off by nearly 1,000,000 jobs: Inside the largest jobs number revision in over a decade

New inflation rate readings and whether we’re trending in the right direction

More moves for mortgage rates? Positive data that could tip them a bit lower

The one type of housing that has high demand, even as consumer sentiment stays low

Why you either feel phenomenal or terrible about the U.S. economy

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Join us at the BiggerPockets Conference October 2-4 in Orlando. Buy tickets

On the Market 372 - New Recession Indicator Shows Americans Worse Off Than We Thought

BiggerPockets Real Estate - 1229 - Scott Trench’s $1,000,000 Bet on Real Estate (Update)

Grab the Book on "Recession-Proof Real Estate Investing"

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2026 Mortgage Update: Lower Rates, ARMs Return, and When to Refi

Tue, 17 Feb 2026 12:00:00 -0000

Rental property financing is becoming much easier. For years, seven and eight-percent rates made it brutal to make deals work. But now, things are changing—for the better.

Mortgage rates in the five-percent range? HELOCs with no closing costs? Seller concessions to buy down your interest rate, and a smoother path to affordable properties? It’s all culminating in 2026, and this could be one of the best years in recent memory to get a mortgage for a rental property. Today, we’re talking to Jeff Welgan, who's spent 22 years in the mortgage industry, and is bringing good news.

Thought those ARM (adjustable-rate mortgage) loans were left behind in 2008? Safer, cheaper, and more flexible ARM loans are available to investors. With lower rates and longer fixed-rate periods, they could be the perfect option as mortgage rates continue to decline. Jeff also shares how you can get a HELOC with no closing costs, so you don’t have to give up that rock-bottom mortgage rate you secured in 2020. Plus, when to refinance, how low rates could go, and whether you still should buy down your rate in 2026.

In This Episode We Cover

Jeff’s 2026 mortgage rate prediction and the “range” he thinks rates will stay in

Are ARMs back? Why adjustable-rate mortgages are cheaper, safer, and better for investors

Should you pay down your interest rate? When Jeff says it is (and isn’t) worth it

Why the mortgage industry’s cycle is about to end, and investors must be careful

Got a high mortgage rate? This is when you should think about refinancing

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Join us at the BiggerPockets Conference October 2-4 in Orlando. Buy tickets

BiggerPockets Real Estate 1207 - 2026 Mortgage Rate Predictions: This “X Factor” Could Change Everything

Find an Investor-Friendly Lender Today

Free BiggerPockets Resources

Jeff's BiggerPockets Profile

Work with Jeff

Join the Future of Real Estate Investing with Fundrise

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Buying (and Building) Houses Could Get a LOT Easier (New Bill)

Thu, 12 Feb 2026 12:00:00 -0000

This could be the most important shift in the housing market in years.

Something truly remarkable just happened that will impact almost every facet of real estate. The “Housing for the 21st Century Act” just passed the House in a landslide vote, with bipartisan support from Democrats and Republicans. But unlike past housing proposals, this one focuses on the thing that could actually fix the housing market for good—supply.

This could make building (and renovating) houses cheaper and faster, allow Americans to finance manufactured homes the same way we finance regular properties, expedite the permitting process for some new builds and rehabs, and give your local bank the ability to lend faster and easier than before.

In short, this bill has a significant impact not only on everyday homeowners but also on real estate investors. The question is, will this fix the housing supply problem we’ve been plagued with?

We’re digging into the six sections of this bill in today’s episode.

In This Episode We Cover

Why this new bill could be a monumental shift for the housing market

Building just got even better—fewer permits, faster approvals, and more

A huge win for affordable housing that could streamline cheaper homes for many Americans

Will new supply kill appreciation? Why many investors are dead wrong about this

Work with local banks? This new bill could be hugely advantageous for you

Investors: do this now! How this bill will affect your investments once passed

And So Much More!

Links from the Show

Join us at the BiggerPockets Conference October 2-4 in Orlando. Buy tickets

On the Market 392 - Trump’s Housing Proposals Could Work, There’s Just One Big Problem

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2026’s Top Growing Cities (People Are Moving Here!)

Tue, 10 Feb 2026 12:00:00 -0000

The “lock-in effect” is finally starting to break, and Americans are moving yet again. But, where are they going? The top cities people are moving to aren’t what you’d expect—in fact, many of them are where prices are actively falling. Is now the time to buy as populations grow and homes remain affordable?

Three major housing market shifts are unfolding this week, and we're breaking them all down on this week's headlines episode. First, is the lock-in effect finally over? Before, the housing market was at a standstill, as homeowners with 3% mortgage rates refused even to consider selling. Now, after years of high rates slowly getting better, the tables have turned. Sellers are more willing to let their property go and tap into that huge pile of equity, but will this actually affect inventory?

Then, the 2026 U-Haul Growth Index—where are people moving right now? The top metros and states could surprise you, as many of them have falling home prices. Finally, is housing inventory getting worse? It felt for a while that buyers had their pick, but now, the trend is starting to reverse, and sellers may gain even more control.

In This Episode We Cover

U-Haul’s top in-migration cities, metros, and states

The end of the lock-in effect? Why homeowners aren’t staying put to keep their low rate

This city's job market is “on fire” and seeing a strong influx of residents

Did housing inventory growth already reverse? Why sellers are finally getting fast offers

Signs to buy during a correction: cities that are growing but seeing lower home prices

And So Much More!

Links from the Show

Join us at the BiggerPockets Conference October 2-4 in Orlando. Buy tickets

Dallas-Fort Worth Remains Projected as the Top Housing Market For the Second Year in a Row

Fortune: ‘Something big’ just happened in the U.S. housing market

U-Haul Growth Index

Realtor: Inventory Gains Slow Down in January

Grab Henry’s Book, "Real Estate Deal Maker"

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Trump’s New Fed Pick Could Raise Interest Rates, Defy Expectations

Thu, 05 Feb 2026 12:00:00 -0000

A new Fed Chair has been nominated—and he could do what no Fed has done before.

Kevin Warsh, the youngest Fed governor appointed, serving during the Great Financial Crisis, is Trump’s new pick, and his decisions could have major impacts on the housing market. But the mainstream media is missing a few key variables, falsely assuming that Warsh will kick off a series of rate cuts that end in lower interest rates.

But, in reality, something completely different could happen—something that the Fed has never tried before.

Warsh has strong opinions on quantitative easing (money printing) and wants to, in essence, delete some of the money the Fed has created over years of buying bonds and mortgage-backed securities. At the same time, Warsh will most likely push for rate cuts—a challenge given the Fed’s divided members.

So, what does this mean for mortgage rates? Could we see rates actually rise due to Warsh’s plans, or could ending quantitative easing boost market confidence and lower long-term mortgage rates? We’re getting into it all, plus what investors should do now regardless of what the Fed’s next moves are.

In This Episode We Cover

Trump’s new Federal Reserve Chair pick and why Trump is so keen to kick Powell out

Higher mortgage rates incoming? What everyone is getting wrong about the Warsh pick

The end of money printing: Why the new Fed Chair pick wants to delete dollars off the balance sheet

Something the Fed has never done before: Can you lower rates while keeping inflation in check?

The one type of real estate that could greatly benefit from the moves Warsh will make

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Join us at the BiggerPockets Conference October 2-4 in Orlando. Buy tickets

A New Fed Chairman is Coming Soon—Here’s What Their Potential Low-Rate Policy Will Mean For Investors

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Make 30% More Than Regular Rentals? One Property Sees “Explosive” Demand

Tue, 03 Feb 2026 12:00:00 -0000

This type of rental property is seeing “explosive” demand. But, they’re cheaper than many regular rental properties, get 30% more rent, and take less work than vacation rentals. More and more Americans are using them, and where they’re needed most, there’s not much supply.

You might have thought it wouldn’t last, but medium-term rentals are becoming the rental property investor’s cash cow—and we have new data to prove it. Jeff Hurst, CEO of Furnished Finder, teamed up with the short-term rental data experts at AirDNA to release a new report on monthly rentals.

This could change everything you’ve thought about the space. Investors are making more money with smaller properties, and demand is growing—fast. Tenants are extending their stays, while paying a 30%-50% premium over traditional rentals, but the cost to furnish is a fraction of what it would be for a short-term rental.

But Jeff says there’s a “sweet spot” medium-term rental—and it’s one of the least expensive properties you can buy. Even better, your long-term rental could be the perfect pick.

It might be time to look at medium-term rentals again.

In This Episode We Cover

The new report from Furnished Finder and AirDNA showing the massive demand for medium-term rentals

How to make 30%-50% more revenue by turning your long-term rental into a monthly stay

Is the medium-term rental market oversupplied, like the short-term rental market? The data might surprise you

How to immediately test whether your long-term rental would work with this strategy

The “sweet spot” medium-term rental that costs less and has strong demand from monthly renters

And So Much More!

Links from the Show

Join us at the BiggerPockets Conference October 2-4 in Orlando. Buy tickets

On the Market 261 - This Could Be Like Getting into Airbnb in 2012 w/Jeff Hurst

Read the New Furnished Finder + AirDNA Report

Furnished Finder Market Insights

Grab the BiggerPockets Book on Medium-Term Rentals, "30-Day Stay"

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The “18-Year Real Estate Cycle” Ends in 2026 (What Now?)

Thu, 29 Jan 2026 12:00:00 -0000

The 18-year real estate cycle calls for a crash in 2026. It correctly predicted the 2008 crash, it was right for decades in a row in the 1800s, and many say it’s the one true oracle for home prices.

Funnily enough, it’s been 18 years since 2008, and home prices are starting to peak.

But is there enough data to trust in this housing market cycle? Should you be selling your properties just shy of every 18 years to load up on low prices during the next predicted housing crash? Or, is this just a conveniently (somewhat) accurate theory that crash bros use to get maximum clicks?

Today, Dave is reviewing the evidence and sharing the cases from economists on whether the 18-year cycle exists. The theory calls for a crash worse than 2008 this year, but is there any evidence to support this claim? You might be surprised, but Dave does agree with parts of this theory.

In This Episode We Cover

2026 housing crash? Why the 18-year real estate cycle says we’re at the end of an era

The “phases” of the real estate cycle explained (from bust to boom)

Did the cycle end? Why home prices may have already peaked years ago

2008 vs. 2026: What could cause a housing crash to happen this year

The (surprisingly) accurate 18-year predictions for decades in a row

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Join us at the BiggerPockets Conference October 2-4 in Orlando. Buy tickets

The Four Stages Of The Real Estate Cycle

Grab the Book, "Recession-Proof Real Estate Investing"

Grab the Book, "Real Estate by the Numbers"

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This Could Open Up Homebuying for Millions

Tue, 27 Jan 2026 12:00:00 -0000

This could open up homebuying for millions of Americans. The question is: Is it worth it?

A new housing proposal from the Trump administration adds yet another lever that first-time buyers can pull to pay for their first house. But it’s got financial advisors sweating.

We’re back with another headline episode, talking about recent moves shaking up the housing market. First, some good news from Redfin that shows the housing market is actually getting more… affordable? That’s right. A substantial decline in housing costs may be just the start as homebuyer purchasing power grows year over year. We’re on the right track…but will it continue?

Next, why mortgage rates went back up after Trump’s proposed $200B bond-buying exercise—when many expected rates to keep falling. Using a 401(k) to buy a home? One new proposal could make it penalty-free, opening up access to hundreds of thousands of dollars for average Americans. Finally, the big investor ban begins, but here’s what the actual executive order says.

In This Episode We Cover

Penalty-free 401(k) down payments? The On the Market panel is sharply divided

Affordability sees a massive win, but will it keep improving?

Why mortgage rates didn’t keep declining after Trump’s $200B bond purchase proposal

President Trump signs the long-awaited big investor ban—but will it actually change anything for homebuyers?

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Join us at the BiggerPockets Conference October 2-4 in Orlando. Buy tickets

On the Market 392 - Trump's Housing Proposals Could Work, There's Just One Problem

Redfin: Monthly Housing Costs Start the Year Down 5%, the Biggest Decline in Over a Year

Reuters: Trump's mortgage-backed bond purchases not moving needle on housing costs

HousingWire: Tapping a 401(k) for homeownership is risky business, experts say

TIME: Trump Is Moving to Bar Wall Street Firms From Buying Single-Family Homes.

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Why I’m Buying Large Multifamily in 2026 (Commercial Real Estate Outlook)

Thu, 22 Jan 2026 12:00:00 -0000

We’re always talking about residential real estate. But what about that “other” market, the one worth $24 trillion? It’s no secret that commercial real estate has had one of its toughest stretches in many years, with many calling it an outright “crash.” If we’ve already reached the bottom, could large multifamily and other assets be poised for a huge turnaround in 2026?

Over the last couple of years, we’ve seen multifamily, office, retail, and even self storage prices tumble due to several factors: rising mortgage rates, rate adjustments on commercial debt, higher cap rates, tighter lending criteria, and more supply coming online. This “perfect storm” has put significant downward pressure on commercial property values, causing forced selling and scaring many investors away.

But these same challenges could create opportunity, especially if prices stabilize over the next 12 months. We break down the variables at play, the most compelling bull and bear cases for these assets, and how investors can protect themselves with “scared” real estate analysis.

Dave is ready to take advantage, but which asset is he betting on?

In This Episode We Cover

Dave’s 2026 predictions for the commercial real estate market

Whether large multifamily values could bounce back in 2026

The “perfect storm” that caused the steep decline in large multifamily prices

The bull and bear cases for a commercial real estate turnaround

The asset class that is least likely to recover from the commercial “crash”

Four tips for investors looking to buy multifamily properties in the next 12 months

And So Much More!

Links from the Show

Join us at the BiggerPockets Conference October 2-4 in Orlando. Buy tickets

BiggerPockets Real Estate 1073 - The Opportunity is Coming in Commercial Real Estate (How to Take Advantage)

Buy the Book, "The Multifamily Millionaire, Vol. I"

Yardi

CoStar

FRED

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Trump’s Housing Proposals Could Work, There’s Just One Big Problem

Tue, 20 Jan 2026 12:00:00 -0000

The housing market is unaffordable. But the Trump administration is trying to change that. The question is: Will any of their proposals actually work?

Trump’s housing policy is clear: make buying a house more affordable for the average American. The President has floated 50-year mortgages, portable mortgages, purchasing mortgage bonds, and banning institutional investors. All of these, to some extent, could make the housing market more affordable. But, there’s one big problem that these policies overlook—one that could make a future crash or bubble much more likely.

Today, we’re breaking down the Trump administration’s top housing policies and giving an honest look at which could work, which might be just hype, and whether any will actually fix the unaffordable housing market. Plus, Dave offers his own proposal for what could change the housing market (for good) and why investor “upside” could grow if any of Trump’s proposals actually pass.

Is this a boon for affordability, or could Trump’s best efforts backfire?

In This Episode We Cover

Trump’s current proposals to make the housing market more affordable (and which will work)

The crucial problem with the housing market 99% of politicians won’t touch on

A real estate bubble? A housing market crash? Why “affordable” changes could backfire

2026’s most likely scenario and why Dave is planning to buy even more real estate

Growing “upside” for rentals as Trump policies help homeowners get in the game

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Join us at the BiggerPockets Conference October 2-4 in Orlando. Buy tickets

On the Market 373 - Trump Floats 50-Year Mortgages: Cash Flow Boost or Affordability Illusion?

On the Market 375 - Keep Your 3% Rate Forever? “Portable” Mortgages Could Be Coming

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Rates Fall to 5% Range as Big Investor “Ban” Gains Support

Thu, 15 Jan 2026 12:00:00 -0000

Big investors could be banned from buying single-family homes, mortgage rates drop to the lowest level in years, and one forgotten sector of real estate is predicted to “break out” in 2026. We’re only two weeks into the new year, but the housing market is shifting by the minute.

Mortgage rates fell into the 5% range last week as President Trump announced a plan to buy $200 billion in mortgage bonds. But this time, there’s no money printing involved. The question is…how long will these low rates last? Is this a temporary Band-Aid or a crucial move to get us closer to 5% mortgage rates?

But it’s getting even better for first-time homebuyers and small investors. Institutional investors could be banned from buying single-family homes, not only providing inventory relief but also preventing unfair competition in the market. This could be huge in a select few cities across the US, especially as HousingWire predicts one specific single-family investing strategy could see profits surge in 2026.

In This Episode We Cover

The new big investor “ban” and Trump’s urge to kick institutional money out of the housing market

One investing strategy HousingWire says has huge profit potential in 2026

Mortgage rates fall within 5% range through bond-buying—is this any different than quantitative easing?

Sellers continue to dwarf buyers, and these pockets are where you’ll find your best opportunities

And So Much More!

Links from the Show

Join us at the BiggerPockets Conference October 2-4 in Orlando. Buy tickets

President Trump Proposes to Ban Institutional Investors From Buying Single-Family Homes

Articles from Today’s Show:

CNN: Trump orders ‘my representatives’ to buy $200 billion in mortgage bonds

CNN: Trump threatens to ban institutional investors

HousingWire: Why the fix-and-flip sector is poised for a breakout in 2026

Redfin: The U.S. Housing Market Has 37% More Sellers Than Buyers

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An Economic Bubble is Forming…Just Not for Real Estate

Tue, 13 Jan 2026 12:00:00 -0000

A new economic bubble could be forming, and this time, it isn’t real estate. A $20 trillion ticking time bomb could explode if one thing doesn’t go completely right…the AI industry. And the effects could be felt far beyond the stock market, with real estate taking a hit as well.

The question is: Is the AI bubble close to popping, or are we on the precipice of a new era of economic growth?

Dave researched so you don’t have to, compiling the bullish and bearish arguments for AI. Top tech companies are spending over $500 billion in 2026 alone to make the AI dream come true, but strong counterarguments just might prove that those AI investments won’t pay off.

If the AI bubble bursts within the next few years, what will it do to the stock market? How will it affect home prices? And what is Dave doing right now with his money to protect against the downsides and position himself for the upsides if the AI bubble does finally burst? This is what could happen next.

In This Episode We Cover

A $527 billion bet that top tech companies are making on AI (is it worth it?)

What happens to home prices if over-hyped AI causes a stock market correction or crash

Four strong reasons why the AI bubble will (or won’t) burst

A $20 trillion ticking time bomb for the US economy if the AI industry doesn’t hit its targets

Why 99% of real estate investors are wrong about buying near data centers (be very careful)

And So Much More!

Links from the Show

BiggerPockets Real Estate 1188 - AI Could Take Your Job, But It Can't Take Your Real Estate

Gita Gopinath’s Big Warning: $35 Trillion Wealth Could be Wiped Out?

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Rental Investors Become the Most Bullish in Years

Thu, 08 Jan 2026 12:00:00 -0000

This could be the best time to buy a rental property in years. Don’t take our word for it, a new investor sentiment survey shows a sharp surge in optimism as investors flipped from cautious to bullish going into 2026. And this hope for the housing market isn’t unfounded. In fact, almost all the data shows better buying conditions, more options, and even improved affordability. If you’re still believing the “housing crash” hype, 2026 could be a big wakeup call.

Wanting the investor side of the story, we put together a brand new investor sentiment survey, tracking how real estate investors feel going into 2026, what they’re most excited and nervous about, and whether they’re looking to purchase or pause over the next year. Today, we’re sharing the results.

We’ll also get into affordability, new inventory forecasts from the most accurate data providers in the market, and the strategy that real estate investors have the most confidence in for the 2026 housing market. If you thought investors were mass selling like the news and crash bros were telling you, this new data might be a big surprise.

In This Episode We Cover

Newest investor sentiment survey and why investors are becoming more bullish

A huge win for housing affordability (and whether it will get better in 2026)

Housing inventory forecasts from last year’s most accurate economists

The biggest challenge for real estate investors in 2026 (not so obvious)

One strategy that investors are betting on more than ever

And So Much More!

Links from the Show

BiggerPockets Real Estate 1222 - The 2026 State of Real Estate Investing: An “Easier” Road Ahead

BiggerPockets Pulse Investor Sentiment Survey

Bright MLS 2026 Forecast

Compass 2026 Forecast

Realtor 2026 Forecast

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3 Things We’re Doing in 2026 to (Actually) Retire with Rentals

Tue, 06 Jan 2026 12:00:00 -0000

2026 is finally here! And if you can still read this sentence without seeing double, you’ve made it!

But this year, things are going to be a little… different. We usually talk about the best places or strategies for buying rentals, but we’re going on a bit of a detour to start the year by discussing our real estate resolutions, all of which will actively help us retire early. Want to retire with rentals, too? This is the episode for you, and we’re sharing the strategies we’re using in 2026 to get there.

Kathy shares a new way she’s optimizing her real estate portfolio, with the goal to increase cash flow by 10% on her current portfolio (not buying more rentals!). Henry takes an opposite approach to most investors, opting not to scale his portfolio and instead doing something much safer. Dave details his “End Game”—the ultimate real estate portfolio for early retirement.

You can copy these experts’ strategies in 2026 to retire with rentals, too!

In This Episode We Cover

How to use AI to optimize your portfolio and find the cash flow blind spots where you’re losing potential profits

Stop scaling? Why Henry is making moves to pay off some rentals instead (and whether you should, too)

Building your “End Game” portfolio to retire with rentals you actually enjoy owning

The three “buckets” of investing and a sign you’ve already outgrown yours (it could cost you)

Henry and Dave’s real goal that has nothing to do with real estate (can you help them out?)

And So Much More!

Links from the Show

Should You Pay Off Your Mortgage Early or Invest?

Grab Kathy’s Book, "Scaling Smart"

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2026 Home Price Predictions: Will the Correction Continue?

Thu, 01 Jan 2026 12:00:00 -0000

Home prices are about to “bend”...but will they break? The 2026 housing market could be another year of a correction, but how low could we go?

Last week, we gave our mortgage rate predictions for 2026; this week, we’re focusing on home price forecasts. The housing market is stuck, and something needs to give. Americans can’t afford homes at these high prices, but with so many “locked-in” homeowners, where will the new supply come from? There are a few scenarios that could unfold, with different results that could greatly impact your buying, selling, and wealth-building.

This year feels…different. And while Dave shares his “most likely” scenario for home prices, two other scenarios (“upside” and “downside”) aren’t worth ruling out just yet. One “X factor” could shoot home prices high, with Americans rushing back to buy. But a downside risk could drive our correction even deeper. Dave describes the rental properties he’s looking to buy during this year of opportunity, along with the rules you must follow so you don’t get burned.

In This Episode We Cover

2026 home price predictions and whether the correction will continue into next year

The one crucial factor driving home prices (and what happens when it changes)

The “range” that home prices could be in this year, and what inflation-adjusted prices will look like

The “X factor” that has a chance to reset the hot housing market and drive down mortgage rates

What Dave is buying now and his exact buy box for “The Great Stall” market we’re entering

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Get Tickets to the Cash Flow Road Show!

BiggerPockets Real Estate 1207 - 2026 Mortgage Rate Predictions

BiggerPockets Real Estate 1197 - The “Great Stall” Has Begun

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Real Estate Has Finally “Bottomed,” Says Top Investing Expert

Tue, 30 Dec 2025 12:00:00 -0000

Has real estate finally bottomed? Ben Miller, CEO of Fundrise (managing over $7B in real estate), says it’s so. And he’s not just talking about commercial real estate. If true, one particular type of real estate investment could do exceptionally well over the next year, but most people (even Dave!) are going in a different direction. Where could the next big real estate boom happen? We’re getting into it!

To continue this prediction season, Ben joins us to walk through a few crucial economic outlooks that could greatly affect the housing market. From AI stunting hiring to inflation actually going down (below 2%!), American wage trends changing dramatically, and the assets that will perform best, we’re getting his take as someone who manages billions of dollars in real estate.

Want mortgage rates to go down? We need lower inflation, and Ben says there’s good news on the horizon for stable prices. New technology adoption could lead to much lower inflation (even deflation in some cases). Could this be what reignites the housing market as mortgage rates react to a more stable economy? Ben gives his full take, with some surprises even Dave wasn’t prepared for.

In This Episode We Cover

The bottom for real estate prices? Why Ben thinks it’s here (or very close)

The end of runaway inflation: How AI could kill the concern over rising costs

More Americans making less, and what happens when AI takes tens of millions of jobs

The one type of residential real estate that is poised to perform best in 2026

A new AI tool that could be pivotal for rental property investing research

And So Much More!

Links from the Show

Get Tickets to the Cash Flow Roadshow!

BiggerPockets Real Estate 1059 - 2025’s Massive Opportunity for Real Estate Investing (Before It’s Too Late) w/Ben Miller

RealAI

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The Most Encouraging Sign in 3 Years | Dec. 2025 Housing Market Update

Thu, 25 Dec 2025 12:00:00 -0000

This could be the most encouraging sign for the housing market in years. It’s the final month of 2025, and the housing market has flipped from this time last year. Real prices are down, mortgage rates are near a percent lower, inventory is stabilizing, and affordability…it’s actually improving. But hints at a wave of underwater mortgages are making people nervous. With the number rising, is this the “distress” signal many have been waiting for?

We’re getting into it all: home price, mortgage rate, and inventory updates, plus a new seller trend that is causing serious confusion, and could be the final nail in the “housing market crash” coffin. With sellers doing what nobody expects, next year could get interesting.

More homeowners are falling “underwater” on their mortgages. Is this a 2008 repeat or just a blip on the real estate radar? Some economists are worried about rising delinquencies, but a high-level view of the data could point to an entirely different conclusion.

In This Episode We Cover

Sellers do what nobody expects, and it’s killing the “crash” narrative

Underwater mortgages are surging, but are homeowners really in danger?

The best news we’ve had in three years? A massive win for housing affordability

Mortgage rate momentum and whether now is the right time to refinance

The key affordability improvements we’ve seen since the start of 2025

And So Much More!

Links from the Show

BiggerPockets Real Estate 1207 - 2026 Mortgage Rate Predictions: This “X Factor” Could Change Everything

Redfin Housing Market Data

Mortgage Monitor

MarketWatch: Nearly 900,000 homeowners are underwater on their mortgage

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Bold 2026 Predictions: A New "Land Rush" and the Real Recession Hits

Tue, 23 Dec 2025 12:00:00 -0000

Is this the year the real recession finally hits? Could a new “land rush” spark a buying spree throughout the U.S. for coveted dirt that makes investors millions? And why is one type of rental property owner about to sell off their homes, ready to give you a sizable discount?

We’re still in the swing of prediction season, so this time, we’re giving you our boldest 2026 housing market predictions yet. We’re not talking mortgage rate predictions or home price predictions (we’ve already done that). This time, we’re sharing which real estate could take off or break down—and which could make savvy investors rich, if they’re able to buy the right deals. Some opportunities (like one we’re sharing today) only happen once in a decade, and we’re already getting the jump on them.

Henry shares his insider secrets, noting that one specific type of rental is starting to hit the market as once-optimistic owners give up, opting to sell their properties without making a profit. This could be a huge opportunity to pick up homes in great shape and in solid markets at a discount. Dave talks about why this may be the year we finally get a recession and offers some cautious words of wisdom to everyone out there, as “chaos” might be in store.

In This Episode We Cover

A new land rush? The “opportunity” that is making investors buy the best-located dirt they can

Airbnb owners give up: why your next rental property might be a failed short-term rental

The “common person’s recession” that will have a massive impact on the economy

New “Big Beautiful Bill” changes that could make some investors very rich

The best year for new investors? Why 2026 could be the easiest time in years to invest in rental properties

And So Much More!

Links from the Show

On the Market 372 - New Recession Indicator Shows Americans Worse Off Than We Thought

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Money Printing 2.0? The Fed’s New Emergency Measure

Thu, 18 Dec 2025 12:00:00 -0000

The biggest announcement of last week’s Fed meeting had nothing to do with rate cuts. Instead, a quiet, mostly overlooked statement from the Federal Reserve could mean huge things for the economy, mortgage rates, and most importantly, the housing market. The mainstream seems to have missed it, focusing on the obvious news, but we’re breaking down the Fed’s new emergency tactic to stabilize the economy.

What many thought would be a standard 0.25% rate-cut meeting was anything but. A fractured Fed, now split on rate cuts more than in prior years, has adopted a new tactic. Could this strategy be a return to a dangerous past—the days of “quantitative easing” (AKA money printing)? Or, does the Fed know what it’s doing, taking a more cautious approach than last time?

We’ll break down the entire Fed story and share some crucial updates on housing inventory and affordability. Some markets are entering 2026 strong, with significantly lower inventory than pre-pandemic levels. Others could correct (or even crash) harder. Dave gives his opinion on which are which, sharing the markets that will thrive and the ones where home prices could dive.

In This Episode We Cover

The Fed’s new emergency measure designed to stabilize the economy and interest rates

Money printing 2.0: Are we on a path back to dangerous quantitative easing?

New rate cut forecast for 2026 and 2027 directly from the Fed

The riskiest (and seemingly safest) real estate markets going into 2026

The most affordable city in the U.S., and why it could thrive next year

And So Much More!

Links from the Show

A New Fed Chairman is Coming Soon—Here’s What Their Potential Low-Rate Policy Will Mean For Investors

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The Return of “Easy” Real Estate Deals? 2026 Could Get Even Better

Tue, 16 Dec 2025 12:00:00 -0000

This might be the easiest time to find real estate deals in years—and early signs suggest 2026 could be even better.

The year is almost over, so today, we’re reviewing our favorite trends, tactics, and real estate investing strategies of 2025. Plus, many of them will last well into 2026. These are the things that we’re focusing on next year, and there’s a lot of good news for investors. This is shaping up to be one of the easiest times in years to find profitable real estate deals. But we’re not just talking rentals—we share a “mailbox money” investment that’s still holding strong in 2025 (and could in 2026).

Plus, Dave details a “slow” strategy that builds wealth with way less stress—one that both he and James are going all-in on. Tired of sharing your profits with the tax man? A massive tax benefit that returned this year will last into 2026, and Kathy is ready to take full advantage of it.

In This Episode We Cover

Why 2026 could be one of the easiest times to find real estate deals in years

Dave’s “slow” investing strategy is making (patient) investors rich into 2026

Don’t buy rentals! Be the bank instead with this strategy (sizable passive income)

Best tax break ever? It’s back, and it’s here to stay through 2026

Good news for first-time homebuyers, investors, and the entire country!

And So Much More!

Links from the Show

BiggerPockets Real Estate 1172 - How to Do a “Slow BRRRR” in 2025 (Better Than BRRRR)

Grab Henry’s Book, "Real Estate Deal Maker"

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Demand Springs Back for Winter Deals, But First-Time Homebuyers Vanish

Thu, 11 Dec 2025 12:00:00 -0000

We’re only a week away from winter, but the housing market is heating back up. Demand is rising as savvy buyers know that lower prices peak during the holiday season. But one crucial cohort is nowhere to be found…and it could have damaging consequences for the housing market as a whole.

We’re back with another headline episode, taking the biggest stories from the housing market and giving our takes so you can make the best investing decision possible. This winter is feeling warmer for housing as demand does what no one expects—increases during the seasonally slow period of the year. What’s causing it—lower rates, FOMO, or something else entirely?

Remember when people in their 20s used to buy houses? Well…not anymore. The new first-time homebuyer age reached a worrying new high, one that many of us couldn’t even believe. DSCR loan defaults are starting to tick up, doubling from this time last year. Is this a bigger deal than many think, and could it bring discounted investment properties to the table?

Finally, Dave shares a sneak peek at BiggerPockets’ newest investor survey, where investors share what they think is coming in 2026…and there’s a lot to be excited about.

In This Episode We Cover

The new median age of America’s first-time homebuyers (borderline alarming)

Why housing demand is going up during the (traditionally) slowest time of the year

Delinquencies rising for DSCR loans? Why investors are defaulting twice as much as last year

A year of optimism: surprising finds from BiggerPockets’ newest investor sentiment survey

The #1 best strategy investors are betting on for 2026

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

BiggerPockets Real Estate 1210 - 2026 Home Price Predictions: The Correction Continues?

Articles from Today’s Episode:

Grab the Book "Real Estate by the Numbers"

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Redfin: The Great “Reset” Starts in 2026

Tue, 09 Dec 2025 12:00:00 -0000

Redfin just called it. The housing market will “reset” in 2026…or at least it’ll be the start of it.

Chen Zhao, head of economics research and a returning guest on the show, has 11 predictions she and her team have formulated for the 2026 housing market. A long, slow period of progress could be upon us, as buyers get what they’ve been asking for: better affordability, a more normal market, and the chance to own where there’s work.

But what does this really mean? Will mortgage rates fall? Will home prices drop? We’re going through each of the 11 predictions with Chen, discussing prices, rates, rents, refinances, transaction volume, and even how AI could become the “matchmaker” for Americans looking for their first or next property.

Make no mistake, this is good news for many, and could be just the start of a cycle that finally puts average Americans in the position to purchase a home. But, for real estate investors and landlords, there could be another big benefit coming in 2026, one that has a direct impact on your cash flow.

In This Episode We Cover

Redfin’s 2026 housing market predictions (prices, mortgage rates, and more!)

The great “reset” that is coming for the housing market (it’s already begun)

Rent growth returns? Struggling landlords could get some relief next year

The best and worst real estate markets that Redfin is forecasting for 2026

The AI effect on real estate and why more buyers are using bots to find homes

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Redfin’s 2026 Predictions: Welcome to The Great Housing Reset

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The “K-Shaped” Economy: Why the Middle Class Is Getting Crushed

Thu, 04 Dec 2025 12:00:00 -0000

Stock prices are up, home prices are high, gold, silver, and bitcoin have all had major bull runs. But the average American is broke. This is the “K-shaped” economy.

If you feel like it’s harder to get by and the barrier to entry to invest is rising, you’re not going crazy. We’re in a new economy—a “K-shaped” economy—where those who own assets see their net worth soar as the middle class and average Americans watch their bank accounts shrink. This is not the place Americans want to be in right now, and the delicate balance that holds up our entire economy could fall apart sooner than we think.

Dave explains what a K-shaped economy is, how it could bleed into the housing market, and whether this feast-or-famine system can survive much longer. Plus, he’ll share a shocking statistic that shows just how hard things are for ordinary Americans, and how a tiny minority is holding up the entire economy.

In This Episode We Cover

A “K-shaped” economy explained, and why Americans feel broke as asset prices soar

A shocking statistic that shows just how unstable the American economy is

Housing market side effects and the surprising age of America’s first-time homebuyer

The widening wealth gap making investing harder for everyday people

The three things that are keeping the middle class struggling (and why it’s gotten worse)

Tough times ahead? Why America’s economy may be riding on billionaires and bubbles

And So Much More!

Links from the Show

On The Market 372 - New Recession Indicator Shows Americans Worse Off Than We Thought

Redfin Reports U.S. Luxury Home Prices Jump 5.5% in October, Triple the Pace of Non-Luxury Homes

Grab the Book, "Recession-Proof Real Estate Investing"

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The “Delisting” Wave Putting Years of Housing Market Gains at Risk

Tue, 02 Dec 2025 12:00:00 -0000

Years of housing market gains could be at risk, and it’s not because of mortgage rates, the Fed, or the US government…it’s because of sellers.

Since 2022, we’ve seen housing inventory rise, home prices stabilize (and fall in many major markets), and affordability slightly improve for buyers (thanks to higher supply and lower demand). But now, a new wave of “delistings” could put the future of the housing market in jeopardy. Sellers are refusing to settle, and they’re walking away at the fastest pace in eight years.

So, what’s next? A housing crash? A continued correction? If the delistings continue, one scenario could come to fruition, and it’s not what buyers want to hear. Dave walks through the new delistings data in this episode and shares some startling statistics on just how bad things are for young Americans. If the next generation can’t buy or rent a home…what happens to the economy?

In This Episode We Cover

The “delisting” wave hitting an eight-year high and putting years of affordability gains at risk

Correction or crash? Why sellers are far less desperate than most people think

Markets with the most delistings and where inventory could start to reverse first

Cracks in the US economy and the trouble that young Americans are in

Lower rent growth for longer? What happens when college graduates CAN’T get a job (or rent an apartment/house)?

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

On the Market 372 - New Recession Indicator Shows Americans Worse Off Than We Thought

Grab Dave’s Book, “Real Estate by the Numbers”

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The “Great Stall” Has Begun

Thu, 27 Nov 2025 12:00:00 -0000

The housing market is not going to crash tomorrow. It’s also not going to boom soon. We’re not in 2008, and we’re also not in 2020. We’re in a strange gray area, a zone that most Americans have never experienced before.

We’re entering the “Great Stall.” And this could last for years.

All data points to a new kind of housing market forming. But why, and why now? Is there any chance of a housing crash or home price explosion like before? Yes, but Dave is going to break down the odds of each scenario, plus what to do in the most likely scenario, while home prices stagnate and mortgage rates stay relatively high.

If you want to take advantage of the “Great Stall,” so that when home prices do go back up you’ll profit, there are four things you need to do. We’ll break down each step so you can prepare and pounce on the investment property that makes your future self wealthy.

The “Great Stall” is here, and when it’s over, millions of Americans will wish they had bought.

In This Episode We Cover

Crash, boom, or plateau? The most likely scenario for home prices over the next few years

How to prepare for the “Great Stall” and take advantage of frozen home prices

The “upsides” you must look for that could explode your wealth when appreciation returns

Why you need to start going “risk-off” in your investing to protect your wealth

What will finally cause home prices to rebound and Americans to get back into the market

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

On The Market 365 - This Housing Correction Could Last Years

Build Your Investing Strategy BEFORE You Buy with "Start with Strategy"

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This Could "Break" the Housing System as We Know It

Tue, 25 Nov 2025 12:00:00 -0000

This could break the mortgage system as we know it. But, is it worth it?

New “portable mortgages” have been floated by the Trump Administration and FHFA (Federal Housing Finance Agency), allowing homeowners to take their rock-bottom mortgage rates with them when they purchase a new home. The question is: will it work?

We’re breaking down the likelihood of portable mortgages, how they currently work in countries like Canada, and the pros and cons for the average American. Most people are thinking about the upsides of a portable mortgage, but the downsides are equally severe. Would this really make sense in America?

Dave is doing a deep dive into how the U.S. mortgage system works and whether new portable mortgages could break it, leading to the downfall of arguably the greatest home loan on the planet—the 30-year fixed-rate mortgage. Plus, how much more could it cost you to take out one of these portable loans?

In This Episode We Cover

Portable mortgages explained and how they actually work in countries like Canada

How portable mortgages could “break” the fragile home loan system in the U.S.

Pros and cons of portable mortgages that could help or hurt many Americans

Increased fees, mortgage rates, and prepayment penalties? Why nobody is talking about the side effects of portable mortgages

Does Dave think this is a good idea? (strong opinion warning)

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

On the Market 373 - Trump Floats 50-Year Mortgages: Cash Flow Boost or Affordability Illusion?

Grab Dave’s Book, "Real Estate by the Numbers"

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Keep Your 3% Rate Forever? “Portable” Mortgages Could Be Coming

Thu, 20 Nov 2025 12:00:00 -0000

What if you could transfer your 3% mortgage rate to a new property? It could be possible in the near future. A new type of home loan would allow borrowers to move their mortgage rate when they sell and buy a new property, effectively ending the “lock-in effect” plaguing the housing market. Could a loan like this really come to fruition?

We’re back on another headline episode, touching on real estate’s top stories that you need to hear to invest better than the masses.

First, we’re talking about “portable mortgages,” another push for affordability from the Trump administration. You may be able to transfer your low rate…but for how long? Then, we touch on the real reason the housing market is stuck in purgatory, and the only way we’ll bounce back.

Is this the fall of house flipping? James goes public (front-page news!) with a six-figure loss and shares the truth about how hard it is to flip houses right now. Finally, we answer the question every 13-28-year-old is asking: Is Gen Z screwed? With a tanking job market, there’s only one way for them to survive…

In This Episode We Cover

New “portable” mortgage potential that could let you take your rate to a new home

The fall of house flipping? Why even James is struggling to make a profit

A shocking statistic about the average homeowner (why the housing market is stuck)

No more trust funds: why “home inheritance” is becoming the new normal

Gen Z can’t find jobs: here’s what they should be doing instead

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

On the Market 373 - Trump Floats 50-Year Mortgages

Headlines from Today’s Show:

Learn Flipping from the Pros with James’ Book, "The House Flipping Framework"

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Flat Home Prices “Mirror” 1990s: Small Multifamily Bound for Major Upswing

Tue, 18 Nov 2025 12:00:00 -0000

Another year is nearly in the books. The 2025 housing market was largely defined by construction oversupply, sluggish rent growth, flat home prices, and widespread turbulence, with residential real estate moving far more slowly than anticipated and commercial real estate all but grinding to a halt.

Yet it appears we’ve reached the bottom, and the silver lining is clear: real estate is still ripe with opportunity for investors who are willing to play the long game.

Today, Brian Burke returns to the show to share where investors should be directing their attention in 2026. Perhaps unsurprisingly, one asset class continues to deliver for investors who are intent on building long-term wealth with real estate. And Brian believes we may be entering a period that could mirror the early 1990s, where the wisest move is to slowly accumulate these assets before the next wave of appreciation.

Slower rent growth might keep otherwise great assets from paying off in year one, but those who persevere through a “season of patience” stand to be rewarded when it really counts: 5 or 10 years from now.

In This Episode We Cover

Forecasting new construction, home prices, and mortgage rates in 2026

Why a period mirroring the early 1990s could be followed by a 2000s-style boom

The roadmap for building generational wealth with small multifamily properties

Why investors should focus on asset accumulation in a “season of patience”

The asset Brian believes is the biggest “bright spot” in a tough housing market

The benefits and potential dangers of the controversial 50-year mortgage

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

3 Steps to Buying Your First (or Next) Small Multifamily Property

Pick Up "The Multifamily Millionaire, Vol I"

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Trump Floats 50-Year Mortgages: Cash Flow Boost or Affordability Illusion?

Thu, 13 Nov 2025 12:00:00 -0000

50-year mortgages could be coming sooner than we expected. This week, President Trump announced on social media the possibility of longer mortgage terms hitting the housing market. Extending the standard 30-year fixed-rate mortgage to 50 years will have massive implications for home prices, affordability, and cash flow for rental property investors.

The question is: Will it actually happen? And if it does, how would these new mortgage rules affect your returns on real estate?

We did the math, comparing a 30-year mortgage vs. a 50-year mortgage to see which gives you bigger (total) returns and builds your wealth faster. The cash flow differences are notable and could mark significant improvements for landlords, but one drawback could be so great that investors turn away from this new mortgage entirely.

Dave gives the pros and cons, shares what housing market experts are concerned about, and answers the question: Would he use a 50-year mortgage if given the option?

In This Episode We Cover

Trump’s new 50-year mortgage proposal that could change the housing market

30-year vs. 50-year mortgage returns on rental properties (cash flow, amortization, total returns)

Why one outspoken housing expert is growing concerned about the support for 50-year mortgages

One massive tradeoff that most Americans aren’t aware of when using a longer mortgage period

Is a 50-year mortgage even…legal? What the current mortgage regulations say is and isn’t allowed

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Amortization in Real Estate: What It Is & How To Calculate It

Run Your Rental Numbers with Dave’s Book, "Real Estate by the Numbers"

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New Recession Indicator Shows Americans Worse Off Than We Thought

Tue, 11 Nov 2025 12:00:00 -0000

The United States is on the brink of a recession, according to major multinational bank UBS. Meanwhile, America’s largest bank, JPMorgan Chase, says recession risk is only at 40%. Who’s right? Who’s wrong? We’re using a new recession indicator in this episode to reveal America’s real risk of sliding into another downturn.

If it feels like your dollar doesn’t go as far as it used to and your salary is barely keeping up—you’re not imagining it.

But according to official sources, America has only been in a recession for three months since the Great Financial Crisis. That can’t be right when it’s getting this hard to get by. That’s why, in this episode, Dave shares his new recession indicator, based on the average American’s finances, to measure the financial health of real Americans, not what corporate earnings reports suggest.

Looking back, the economic data doesn’t fit the official narrative. And if you feel like you’ve been in a recession for years, you might be right. But you can still protect (and grow) your wealth while the economy falters. Are your investments keeping your real wealth afloat?

In This Episode We Cover

The new “recession indicator” that forecasts whether average Americans will struggle or not

Recession predictions from top banks and whether we’re on the precipice of a crisis

Why the standard definition of a “recession” is wrong and ignores average Americans

The alarming statistic that shows just how much of your spending power has been eaten away

How to recession-proof your finances and invest so you can weather economic storms

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

BiggerPockets Real Estate 1119 - How to Invest in Real Estate During a Recession (2025 Update)

Major bank issues warning that there’s a 93% chance of a recession in the US this year

JPMorgan Chase: The probability of a recession has fallen to 40%

Buy the Book, "Recession-Proof Real Estate Investing"

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Housing Demand Grows as 10 Major Cities See Price Drops

Thu, 06 Nov 2025 12:00:00 -0000

The housing market is seeing a (surprisingly) positive trend. Yes, even with all those YouTube channels showing you “empty” houses, it seems that homebuyers, especially millennials, are getting back into the game. This is excellent news for agents, lenders, title companies, sellers, and flippers. So, what’s the “positive” trend we’re seeing?

We’re back with another headline episode to get you up to date on the housing market in just around half an hour. First, new data points to housing demand increasing as mortgage rates stay away from their 7%+ highs. Is there a path to 5% interest rates in the near future? Yes, but the road to it won’t be pretty. Here’s what would have to happen for us to get there.

Can you guess the top 10 cities with the largest price drops in the US? We’re sharing the complete list in this episode, with some surprising cities near the top. Finally, we’ll discuss the massive layoffs from tech, including Amazon’s recent firing of over 10,000 well-paid employees. If you live in an area where these layoffs are happening, the market could see a noticeable shift.

In This Episode We Cover

Why housing demand is actually going up while economic optimism is going down

A 5% interest rate future? What actually has to happen for us to get there

The top 10 United States cities seeing the most significant price drops

Why James is preparing for layoffs ASAP and tweaking his investing strategy as jobs get cut

Money printing…again? The dangerous door that’s opening for quantitative easing

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

BiggerPockets Real Estate 1191 - Home Prices Could “Stall” for Years

Articles from Today's Show:

HousingWire: Housing demand now reflects a positive trend

ResiClub: Bank of America: Path to 5% mortgage rates if 'the Fed does MBS quantitative easing'

Yahoo Finance: When will housing prices drop? Costs have already decreased in some major metro areas.

Yahoo Finance: Layoffs hit Amazon, UPS, Target, and more — what's fueling the cuts

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Why Mortgage Rates are Rising as the Fed Keeps Cutting

Tue, 04 Nov 2025 12:00:00 -0000

The Fed cuts rates, and mortgage rates go up. Then they do it again, and rates…go back up. How does this keep happening? Has the Fed lost complete control over mortgage rates?

The Fed has now cut rates twice in 2025, and we’re hovering around the same (if not slightly higher) mortgage rates as before the first cut. After last week’s rate cut announcement, investors were surprised to see that mortgages—once again—got even more expensive. But it’s not because of what the Fed did—it was because of what they said, potentially foreshadowing a slower, longer path back to 5% mortgage rates.

Dave is on to explain why mortgage rates moved in the opposite direction, why we could be stuck with higher mortgage rates for longer, and the two things that need to happen for mortgage rates to break back into the 5% range. Plus, he’ll share three realistic scenarios that could cause rates to move in different directions and what could trigger each.

In This Episode We Cover

The Fed meeting announcement explained and why mortgage rates went up

The real reason why we’re not seeing mortgage rates fall below 6%

Alarming corporate layoffs and whether this is a warning sign for the entire economy

Some good/bad news about inflation and the cities that are faring the worst

Three likely mortgage rate scenarios that could send rates in different directions, without the Fed making moves

And So Much More!

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BiggerPockets Real Estate 1194 - Don’t Bet on the Fed: What Investors Need to Do Now as Rates Rise Again

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New Zillow Forecast: Best and Worst Housing Markets of 2026

Thu, 30 Oct 2025 11:00:00 -0000

The national housing correction is here but your results will be decided locally. Some markets are cooling gently, others are slipping fast, and a few affordable metros are still running warm. So where does that leave buy-and-hold, flips, STRs, and BRRRRs? We map the dramatic regional split, Midwest/Northeast steadier, Gulf Coast/Texas under pressure, and show how to match your strategy to on-the-ground realities like inventory, rent growth, and affordability.

You’ll hear why “flat prices + rising rents” can be a green light for cash flow, when to take a calculated swing in oversold-but-strong-fundamentals cities (think Austin/Nashville/Dallas), and where supply and insurance costs are pushing deeper discounts (hello, Florida). We also dig into metro-level forecasts into 2026 and why your underwriting should look different in Milwaukee than in Miami.

In This Episode We Cover

Local > national: why the same correction looks totally different by region and price tier

Affordability & supply: the two signals driving winners and laggards (and how to measure both)

Hottest vs. coolest markets: where buyers have leverage and where demand still pops

Rents vs. prices: pairing flat/declining prices with rising rents to improve cash flow

Risk-on vs. risk-off playbooks: conservative buy boxes vs. opportunistic dips in strong cities

Flipping in a slowdown: wider spreads, longer days-on-market, how to price and pace

Forecasts into 2026: what recent metro projections imply for your next 3 - 12 months of deals

Hold or sell? Handling “paper losses,” market selection, and underwriting for a slower cycle

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Smart Money is Going After New Homes as Builder Desperation Grows

Tue, 28 Oct 2025 11:00:00 -0000

Discover how a new era of real estate investing could benefit you! In this episode, Doug Brien, CEO of Roofstock, joins the discussion to uncover the evolving dynamics in the housing market. Learn why new construction, once considered a riskier bet, is now an exciting opportunity due to adjusted interest rates and surplus supply. Doug dives deep into the intricacies of institutional single-family home investing, sharing insights on why market fundamentals—like housing demand and supply shortages—make single-family rentals a savvy choice. Curious about where savvy investors are putting their capital? Tune in to discover how you can leverage these market shifts to enhance your real estate strategy.

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What We’re Buying During This Real Estate Correction

Thu, 23 Oct 2025 11:00:00 -0000

Are you ready to navigate this real estate market correction? While some experts argue whether we're in a crash or a correction, our hosts explore practical strategies to adapt and thrive. Discover how you can make profitable decisions during these times of stagnant or slightly declining housing prices. With insights from real estate pros Kathy Fettke and Henry Washington, learn how they are adjusting their investing strategies to cope with changing interest rates and housing prices. Whether you're recalibrating expectations or exploring opportunities in less conventional markets, this episode offers valuable perspectives to help you ride out the correction and capitalize on long-term wealth building. Tune in to equip yourself with frameworks that withstand the test of fluctuating mortgage and interest rates!

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Homebuyer Cancellations Spike, New Price Forecast Shows Slow 2026

Tue, 21 Oct 2025 11:00:00 -0000

Feeling anxious about the housing market? You're not alone. Recent data show that U.S. cancellation rates for property deals have reached a record high this year, with buyers taking advantage of more moderate conditions to re-evaluate their options. With a projected 10-year increase in housing prices by about 23.5%, experts suggest we may finally be heading towards a more stable market environment, where traditional investment strategies like securing great assets at fair prices could truly shine. Curious about how real estate fraud could impact investors as the market evolves? We’ll also explore rising cases of fraud and the steps you can take to protect yourself. Dive into this episode as we unravel the complexities of short-term housing trends and long-term predictions, while maintaining a proactive approach to safeguarding your investments.

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This Housing Correction Could Last Years

Thu, 16 Oct 2025 11:00:00 -0000

The headlines say “slowdown,” but let’s call it what it is: a housing correction. Prices (in real terms) are slipping, days-on-market is stretching, and cooling is broadening across regions and price tiers. What does that actually mean for buyers, sellers, and investors and how is a correction different from a crash? We unpack the data, define the terms, and show you how to play offense without taking on unnecessary risk.

We break down nominal vs. real prices (and why inflation math matters), why widespread cooling doesn’t equal panic, and the key forces restoring affordability: rates, wages, and prices. Plus, how long a typical correction lasts, why “forced selling” is the real crash trigger (and why we’re not there), and what to do if your on-paper values dip.

Finally, we get tactical: tightening your buy box, underwriting with flat rents and conservative appreciation, negotiating in a slower market, and deciding when to hold vs. sell, so you’re positioned for the next expansion, not paralyzed by the current stall.

In This Episode We Cover

Correction vs. crash: clear definitions, real-world thresholds, and why speed + depth matter

Nominal vs. real prices: how inflation turns “up 2%” into a true decline

The cooling map: regions and price tiers that are slipping and which are merely slowing

Why inventory is rising (but not flooding) and why low delinquencies keep this a correction

How long corrections typically last and what could shorten or extend this one

Playbook for 2025–26: precise buy boxes, conservative underwriting, better negotiations, and handling “paper losses” without panicking

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Housing Market Loses Steam, “National Buyer’s Market” Likely in 2026

Tue, 14 Oct 2025 11:00:00 -0000

The market is sending mixed signals, so what does that mean for buyers and sellers right now? Prices are cooling toward neutral, new listings are finally creeping up, pending sales just slipped, and days on market are the longest since 2019. We sort through the latest data so you can read your local market with clear eyes.

A government shutdown is already touching housing. With the National Flood Insurance Program paused, some coastal and riverine deals are stalling as buyers struggle to bind coverage. We explain one potential workaround by assigning an existing policy, plus how many closings could be delayed if the lapse drags on.

Zooming out, we track fresh signs of consumer strain. Subprime auto delinquencies are at a record, average car payments now top 750 dollars a month, and sentiment has split sharply between households with big stock portfolios and those without. Several states are flirting with recession risk, which could tug mortgage rates lower, while sticky inflation could keep them pinned.

In This Episode We Cover

Cooling home prices, rising days on market, and what a near-flat Case-Shiller trend means for offers and list strategy

The shutdown’s housing ripple effects, including the flood insurance lapse and an assignment tactic that may keep deals alive

Why pending sales dipped even as new listings rose, and how to negotiate in a thinner buyer pool

Auto loan stress, four-figure car payments, and what these budget pressures mean for future housing demand

A tale of two consumers, plus a state-by-state look at recession risk and how that feeds into mortgage rates

Action steps for buyers, sellers, and investors in a market that is cooling, not crashing

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Housing Market Update: The Crash Bros are Wrong (Again!)

Thu, 09 Oct 2025 11:00:00 -0000

We can definitively say it now: the buyer’s market is here.

The housing market is cooling down, but the deals are heating up as a “mild” correction slows down hot markets and gives buyers even more power in cold ones. With it comes buying opportunities—ones that real estate investors have been starved of over the past few years. You can negotiate for more, offer less, and lock in a lower mortgage rate than last year.

The question is: will this correction turn into a full-blown housing crash? Dave’s giving you his honest (and data-backed) opinion in this September 2025 housing market update!

Mortgage delinquencies are rising rapidly in one subset of the market, the crash-bro clickbaiters say it’s a sign of a coming housing apocalypse—are they finally right about something? One thing is certain: a few housing markets across the US are in danger of slipping into an even more oversupplied market. But, with new data showing that sellers are quitting and walking away, will this reverse the worrying trend?

Stick around, we’ve got your housing market update without the hype.

In This Episode We Cover

The “mild” housing market correction: what it means and whether it’ll become a crash

Updated home price predictions and how much prices will rise/fall by the end of the year

Signs that you can start confidently bidding under asking price (but by how much?)

Why inventory is beginning to reverse (have sellers finally had enough?)

Mortgage delinquencies are rising: who’s affected and could it lead to foreclosures?

What investors should do now to prepare to buy discounted deals (be patient!)

And So Much More!

Links from the Show

BiggerPockets Real Estate 118 - Data Says It’s a Buyer’s Market: Here’s Where the Most Opportunity Is

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New Tariffs Aimed Directly at Real Estate Investors (Who They’ll Affect)

Tue, 07 Oct 2025 11:00:00 -0000

What are the repercussions of October 1st on the housing market? Dive into the recent shifts that may impact real estate investing and the broader housing market landscape. With the imposition of new tariffs on construction materials, stirring concerns about rising costs, alongside a federal government shutdown complicating the economic outlook, how will these factors play out in the current market scene? Explore the nuances of how these events intersect with flood insurance policy lapses and the phasing out of COVID-era FHA loan modifications. Each of these elements could influence mortgage rates and housing affordability, shaping investor strategies moving forward.

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One of the Best Types of Rentals Just Got Cheaper

Thu, 02 Oct 2025 11:00:00 -0000

Is the new construction market the golden ticket for real estate investors in 2025? With newly built homes now cheaper than existing ones, thanks to regional pricing differences, builders' incentives, and a desire to move inventory quickly, this could be an unexpected opportunity for savvy investors. In this episode, Dave Meyer explores why new construction is suddenly appealing, how mortgage rates and home prices are shaping this trend, and what investors need to consider when diving into this market. Are you ready to explore the potential in this unique turn of events in the housing market?

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This Small Group is Driving the Entire Economy (and They’re About to Stop)

Tue, 30 Sep 2025 11:00:00 -0000

Is a recession really coming, or is this the new normal for the housing market? Dave Meyer and J Scott unpack how post-2008 shifts, record debt and money printing, tariffs, and AI are changing the rules, then connect inflation and the labor market to mortgage rates and interest rates so you can gauge what moves them next. You will get a risk-off playbook for today’s deals, including conservative underwriting, assuming flatter rents and higher vacancy, buying at today’s rates, and favoring fixed-rate debt, plus why single-family housing prices are usually resilient outside of severe shocks. Their housing market prediction and forecast: expect mostly stable home prices with modest moves while mortgage rates hover near current levels, with bigger swings only if jobs crack hard or inflation reaccelerates.

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Rates Reverse: Why More Fed Cuts WON’T Get Us Below 6%

Thu, 25 Sep 2025 11:00:00 -0000

Fed cut rates for the first time in nine months, yet mortgage rates climbed again, so Dave breaks down why and what happens next for the housing market. He explains that the Fed funds rate mainly moves short-term interest rates, while long-term lending tracks the 10-year Treasury and risk spreads, with inflation risk keeping mortgage rates stubborn. His housing market prediction and forecast: expect mortgage rates to hover in the low to mid sixes through 2025, meaning tight affordability and mostly stable home prices, while commercial real estate could benefit more due to shorter-term debt structures. Takeaways for investors include underwriting deals at today’s rates, tracking inflation and labor data, and preparing for steady transaction gains rather than a rapid drop in interest rates or a surge in housing prices.

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Fed Cuts Rates, Mortgage Applications Jump 30% Overnight

Tue, 23 Sep 2025 11:00:00 -0000

Fed rate drop, refinance rush, and a land price reset: what does it mean for the housing market now. Henry Washington, Kathy, and James explain why refinance applications jumped roughly 30 percent after 30-year mortgage rates slipped near 6.39 percent, how today’s ARMs actually work, and why locking a refi now can beat waiting for future interest rates to fall. They outline a practical housing market prediction and forecast, expecting more transactions rather than a surge in home prices or housing prices, plus timing tips for listing into the spring when buyer activity historically rises. You will also get a reality check on the “great wealth transfer” and reverse mortgages, along with a land strategy playbook for a potential price decline, from targeting big-lot houses and infill splits to using seller financing to create equity and cash flow.

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Rising Unemployment Could Spill Into Real Estate (But By How Much?)

Thu, 18 Sep 2025 11:00:00 -0000

Is the labor market finally cracking, and what does that mean for the housing market? Dave Meyer distills the latest BLS and ADP payrolls, JOLTS, and unemployment data, from August’s 22,000 nonfarm payroll gain and a 4.3% jobless rate to a 900,000 downward revision and a spike in initial claims, to show a clear cooling trend. He explains why a softer labor market raises the odds of Fed cuts yet inflation keeps pressure on interest rates, so mortgage rates may ease only modestly, boosting transaction volume more than home prices or housing prices. You will hear practical plays for real estate investors, including watching local job numbers, prioritizing tenant retention and collections, and considering refinances if you hold 7 to 8 percent loans, plus how markets like Las Vegas and San Francisco may diverge. Dave’s housing market prediction and forecast: a soft but functioning market with cautious upside, where housing prices stabilize and conservative underwriting wins until clearer trends emerge.

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New Mortgage Monitor Report: Sellers “Pull Back,” Will Rate Cuts Change That?

Tue, 16 Sep 2025 11:00:00 -0000

Is this a housing market correction or a crash? Dave Meyer and ICE’s Andy Walden unpack the Mortgage Monitor: nominal home prices are up about 1.1% year over year, but real housing prices are negative; sellers are stepping back, inventory gains are cooling, and demand still tracks mortgage rates and interest rates, which points to a soft but functioning housing market. You’ll hear the regional story in Denver, Florida, and Texas, why FHA delinquencies are inching up while 2020 to 2021 loans perform well, and how soaring property insurance is squeezing affordability and debt to income ratios. Plus, a housing market prediction/forecast: if mortgage rates land in the low sixes (around 6.25% by year end), expect firmer home prices rather than a COVID era surge.

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The $84T “Wealth Transfer” Coming for the Housing Market

Thu, 11 Sep 2025 11:00:00 -0000

Will the housing market surge for the next 25 years, or is the silver tsunami overblown? In this episode, the hosts of "On The Market" delve into the potential impacts of an $84 trillion wealth transfer on the real estate landscape. As millennials stand to inherit significant sums, will this money flow into real estate, and could it shake up the housing market? As they explore these trends, they also weigh in on the ongoing debate: will aging boomers lead to a market crash or a boom? Tune in to find out how interest rates, mortgage rates, and housing prices may evolve in the coming years.

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Ray Dalio Issues Blunt Warning for Real Estate

Tue, 09 Sep 2025 11:00:00 -0000

Are current market conditions making real estate a risky investment? This episode of "On the Market" with Dave Meyer dives into the recent warnings from the investment icon Ray Dalio, who advises against real estate investments due to factors like interest rate sensitivity, ease of taxation, and illiquidity. Meyer explores the potential implications for real estate investors and unpacks Dalio's unique perspective on the national debt and long-term debt cycles. How might these economic factors shape the housing market and mortgage rates in the coming months, and should real estate still be considered a stable asset amidst uncertainty? Discover the nuances of hedging risks and positioning your portfolio to weather potential economic storms.

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Investors Are Controlling the Housing Market (Not How You Think)

Thu, 04 Sep 2025 11:00:00 -0000

Are you worried that real estate investors are skewing the housing market? In this episode of On the Market, host Dave Meyer and guest expert Rick Sharga dive into the complexities behind investor activities in the housing realm. Discover how investor behavior has shaped the current market landscape, influencing housing prices and inventory. Contrary to some beliefs, small investors play a critical role by fueling market liquidity rather than causing housing prices to spike. Listen in as they unravel how mortgage rates, housing market forecasts, and affordability trends will unfold over the next couple of years. As we tread through this transitional period, the housing market could remain lukewarm for a while longer. Are we on the verge of a 'great stall' or just a balanced market correction? Tune in to find out!

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Investor Who Timed Market (3 Times!) Says Now May Be Bottom

Mon, 01 Sep 2025 11:00:00 -0000

The housing market is already predicted to see price cuts by the end of the year, but is now the time to buy, or should you wait for further price movement? We brought on an investor who has successfully timed the housing market (three times) to give his thoughts on whether we’re at the bottom or we have a long way to go. If you’ve been holding out for lower home prices and less competition, should you take the risk and wait, knowing a rebound could be on the way?

Through a combination of genius and a bit of luck, Brian Burke has sold, bought, and sold at the right times repeatedly. He exited the majority of his real estate portfolio in the early 2020s as prices hit all-time highs and competition was fierce. For the last three and a half years, he hadn’t bought anything, up until very recently. Is this a signal that now is the time to buy?

Today, we’re asking Brian whether 2025 is the right time to buy (and for which assets), how to get in “position” to make a profit as home prices decline, the sellers most likely to give you concessions and further price cuts, and signs YOU should sell your headache rental and trade it for something better. The second half of 2025 could be when the scales tip—are you ready to make a move?

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Grab Brian’s Book, “The Hands-Off Investor"

BiggerPockets Real Estate 1100 - The Ultimate Underrated Rental Property of 2025 (for Small Investors) w/Brian Burke

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Why 62% of Americans Never Break into Millionaire Status w/Nick Maggiulli

Thu, 28 Aug 2025 11:00:00 -0000

Is the “long fizzle” the housing market’s next chapter? With mortgage rates still high and interest rates keeping cash parked in T-bills, many buyers are sidelined, pointing to a housing market prediction of flat home prices in nominal terms and falling housing prices after inflation. Dave and analyst Nick Maggiulli connect today’s risk-on/risk-off behavior back to housing and outline three paths: melt-up followed by a correction, a long fizzle, or a supply-driven drop that’s least likely. Nick also shares a practical playbook so you can position for any housing market forecast, focus on income growth, keep investing steadily, and aim for “doubles” in real estate while protecting your downside.

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Property Taxes Banned? States Imagine a Tax-Free Future

Mon, 25 Aug 2025 11:00:00 -0000

Are property taxes actually illegal theft from homeowners? This episode dives deep into the growing chorus of Americans claiming property taxes violate constitutional property rights, examining two main legal arguments: the "no true ownership" theory, and possible Fifth Amendment violations. These arguments are gaining steam in several states, but are they legally valid? On The Market host Dave Meyer explores that question, plus how rising home prices are driving property tax reform movements across states like Florida, Ohio, and Pennsylvania, potentially reshaping the housing market by reducing ownership costs and affecting home prices, mortgage affordability, and regional migration patterns.

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4 Trends That Are Making Real Estate Investors Rich in 2025

Thu, 21 Aug 2025 11:00:00 -0000

Are real estate investors finally finding cash flow opportunities again after years of struggle? In this episode of On the Market, expert investors Dave Meyer, Kathy Fettke, James Dainard, and Henry Washington reveal four game-changing housing market trends they're seeing right now. These include new construction beating fix-and-flip returns and off-market deals becoming more common as inventory stacks up. Discover why cash flow is actually returning to stabilized rental properties and how smart investors are navigating today's shifting mortgage rates, housing prices, and market conditions to build profitable portfolios.

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Do “Cash Flow Markets” Really Make You Rich?

Mon, 18 Aug 2025 11:00:00 -0000

Is chasing hot markets like Austin and Nashville actually hurting your long-term wealth building? In this episode, Dave Meyer and Kathy Fettke dive deep into a heated BiggerPockets forums debate about whether low-appreciation, high-cashflow markets like Cleveland and Memphis can grow your net worth faster than trendy appreciation markets. They reveal why the "slow and steady" approach might not be the wealth-building winner you think it is, sharing real examples from Kathy's 30 years of investing across both market types. Dave and Kathy discuss the hidden costs of cashflow markets, why timing matters more than market type, and how to find the perfect hybrid markets that offer both appreciation potential and solid returns in today's challenging housing market conditions.

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Buy More, Wait, or Reinvest Cash Flow? (2025 Buyer’s Market)

Thu, 14 Aug 2025 11:00:00 -0000

With housing market conditions shifting dramatically from a seller's to buyer's market, real estate investors are facing a critical decision: should you buy more properties now, pay down existing mortgages, or wait for even better deals? In this episode, On The Market host Dave Meyer and expert panelists Kathy Fettke, James Dainard, and Henry Washington dive deep into current market opportunities, sharing specific examples of deals that weren't available just months ago and debating whether declining home prices and falling mortgage rates create the perfect storm for investors. Dave, Kathy, James and Henry reveal their contrasting strategies on leverage versus debt paydown, explore how interest rates impact investment decisions, and discusse why timing the housing market perfectly might be less important than having a clear investment plan with target returns.

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On the Market Podcast: The smartest way to stay ahead in real estate

Tue, 12 Aug 2025 11:00:00 -0000

Hosted by Dave Meyer, On the Market breaks down the most important economic, housing, and investing news, so you can make smarter, data-driven decisions.

Whether you're an intermediate investor, an industry professional, or just a data nerd, this show helps you:

Decode market shifts and investing trends
Understand how the economy impacts your portfolio
Hear directly from top experts and analysts
Make confident, strategic investing moves

If you're ready to go beyond beginner content and truly understand the "why" behind the headlines, On the Market is your next essential listen.

Subscribe and get the edge real investors rely on.

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Price Cuts Hit 12-Year High, Sellers Reconsider Quickly

Mon, 11 Aug 2025 11:00:00 -0000

Are we witnessing the beginning of a housing market crash, or is this just a healthy correction? With 42% of homes on the market having taken price reductions — the highest level in 12 years — host Dave Meyer sits down with Mike Simonsen, Chief Economist at Compass, to decode what these dramatic inventory changes really mean for investors and homebuyers. This episode reveals why rising inventory and falling prices don't automatically signal a market crash, and how current market dynamics are creating unprecedented buyer negotiating power for the first time in years.

Links from the Show

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Trump Wants 1% Rates: What Will Happen If He Gets Them

Thu, 07 Aug 2025 11:00:00 -0000

Could President Trump's battle with Jerome Powell and the Federal Reserve over interest rates actually lead to higher mortgage rates instead of the lower rates Trump is pushing for? On The Market host Dave Meyer explores how Trump's challenge to Fed independence might backfire (hint: bond investors don't like it) and the economy-wide implications for uncertain rates in the near future. This is a must-know topic for anyone accounting for future mortgage rates in their current investing strategy.

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Major Forecasters Revise Price Predictions, “More Softening to Come”

Mon, 04 Aug 2025 11:00:00 -0000

Why are home prices finally falling? And how deep will the correction go? The number of large housing markets experiencing falling home prices has tripled since January 2025. ResiClub editor-in-chief Lance Lambert joins On The Market host Dave Meyer to break down why this widespread softening is happening now, how price dynamics are pushing more buyers toward new construction, and whether we've reached the bottom of the softening cycle. Lance also shares data on underwater mortgages and delinquency rates to forecast whether signs point toward a cyclical correction or a catastrophic crash.

Links from the Show

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Multifamily Buying Window Widens (We’re Already Investing)

Thu, 31 Jul 2025 11:00:00 -0000

Dave Meyer and Kathy Fettke reveal their current real estate investment strategies, including the assets and markets they think will have the best values for the rest of 2025. Dave and Kathy emphasize the importance of securing fixed-rate financing in today's volatile interest rate environment, warning that commercial loans may be risky with uncertainty around the future of Fed independence and the rising national debt. Later in the episode, Dave explains why hard assets like real estate remain excellent hedges against potential currency devaluation, and how properties can turn inflationary environments into advantages for investors.

Links from the Show

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Buyer Cancellations Hit All-Time High (Perfect Buying Signal?)

Mon, 28 Jul 2025 11:00:00 -0000

Successfully navigating today's housing market requires understanding the trends creating both opportunities and risks for investors. But what if varying data points in different directions?

While the national average home price hit a new record high, prices in more than one third of major U.S. housing markets are now declining, particularly in Florida and Texas where some areas face crash-level drops. Meanwhile, new construction starts are slowing as builder confidence erodes and contract cancellations have reached 15%, signaling a shift toward buyer leverage.

Host Dave Meyer breaks down what these mixed housing market signals mean for real estate investors on this episode of On The Market.

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2025 Mid-Year Mortgage Rate Predictions (Update)

Thu, 24 Jul 2025 11:00:00 -0000

Will mortgage rates finally fall in the second half of 2025? Host Dave Meyer predicted rates in the mid-6's back in December, which has proved accurate halfway through this year. Now, Dave is providing his outlook for the rest of 2025, and a long-term mortgage rate forecast for the next several years. Meyer discusses the structural forces that could drive the mortgage landscape and the housing market for the next decade, including inflation rates, recession fears and ever-increasing national debt. This is crucial data for real estate investors to understand, especially those that have previously utilized a "date the rate" strategy.

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What Happens to Real Estate When the Dollar Declines?

Mon, 21 Jul 2025 11:00:00 -0000

Are you concerned about the fluctuating value of the US dollar and its impact on the real estate market? With recent shifts in the dollar's strength, it's essential to understand how this can affect your real estate investments. In this episode, Dave delves into the intricate relationship between currency value, interest rates, inflation, and the housing market. Discover why changes in the dollar's value can have significant implications for housing prices, and stay informed on the global economic forces that could shape your next property investment decision.

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“Encouraging” Signs for Rents Are Already Emerging

Thu, 17 Jul 2025 11:00:00 -0000

Is rental affordability finally improving for the average American renter? Moody's Senior Economist Lu Chen joins us to discuss surprising trends in multifamily supply and demand, and how rent growth might be impacted for real estate investors. With affordability nearing pre-pandemic levels, there's significant easing in rental prices thanks to increased supply. Are rents about to fall even further, or will steady demand keep them stable? Discover what's really happening in the housing market with intriguing regional and demographic shifts that could influence your next investment move.

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3 Housing Market Trends That Could Change Home Prices

Mon, 14 Jul 2025 11:00:00 -0000

Are we nearing a housing market crash, or is this merely another cycle in the ever-evolving real estate landscape? Dive into today's episode where Dave Meyer unpacks critical economic data impacting your investing decisions. From slowing new listing growth to mortgage delinquency rates, understand what these trends mean for home prices and more! Plus, find out how recent labor market fluctuations could steer interest rates in the coming months. Could this be a sign of easing housing price pressures or just another blip on the radar? Join us for insights that keep you informed and confident in your real estate journey.

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The “Big, Beautiful” Tax Breaks You’ll Get in 2025

Thu, 10 Jul 2025 11:00:00 -0000

President Trump's newly signed "One Big Beautiful Bill Act" has made the 2017 Tax Cuts and Jobs Act provisions permanent, creating massive opportunities for real estate investors to reduce their tax burden and potentially save thousands of dollars on their 2025 returns. On this episode of On The Market, host Dave Meyer and CPA Brandon Hall break down the most significant tax code changes included in the new legislation. They'll touch on the permanent extension of 100% bonus depreciation, the increased SALT deduction cap and QBI deduction for pass-through entities.

With housing prices remaining elevated and mortgage rates still impacting affordability, these permanent tax advantages could be the key to maintaining profitability and cash flow in today's changing real estate market.

Links from the Show

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Fed Close to Cutting Rates: Could Tariffs Derail the Plan?

Mon, 07 Jul 2025 11:00:00 -0000

When will interest rates and mortgage rates give real estate investors a break? Today’s headlines hint at the Fed’s cautious approach to rate cuts, influenced by tariffs and inflation fears. As mortgage rates tick down slightly, questions arise about where home prices and the housing market prediction are headed. Should the Fed err on the side of caution or give a little relief to the housing market? Stay tuned as we share insights on the economic forces shaping interest rates and home prices and what this means for your real estate investment strategy.

Links from the Show

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5 Affordable, Cash-Flowing Markets I’d Buy In This Year

Thu, 03 Jul 2025 11:00:00 -0000

Discover the secrets to building wealth in the Midwest's real estate market. Why are savvy investors turning to the Great Lakes region? Dave Meyer dives deep into the affordability crisis, examining how cash flow and stable appreciation offer lucrative opportunities in cities like Milwaukee, Indianapolis, and Chicago. Learn how regions with low housing prices and strong rental yields are becoming prime targets for investors seeking steady growth and reduced volatility. With insights into housing market predictions and interest rates, this episode will have you reevaluating your investment strategy in 2025.

Links from the Show

Join the Future of Real Estate Investing with Fundrise

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Is Florida a Warning Sign for the US Housing Market?

Mon, 30 Jun 2025 11:00:00 -0000

Could Florida’s housing market downturn be the first sign of a nationwide correction — or is it a regional anomaly?

In this episode of On the Market, Dave Meyer dives into Florida’s sharp drop in home prices, especially in the condo market, and explores the factors behind this shift. Are declining migration, soaring insurance premiums, and excess supply likely to spread to other markets?

Whether you're investing in Florida or any other state, understanding these trends is critical to making informed investing decisions in the rapidly changing 2025 housing market.

Links from the Show

Join the Future of Real Estate Investing with Fundrise

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If Iran Conflict Continues, Dangerous Economic Side Effects Could Follow

Thu, 26 Jun 2025 11:00:00 -0000

What impact do military conflicts have on the US economy and housing market? Join Dave Meyer on today's episode of On the Market as he delves into the potential scenarios that could unfold due to recent US airstrikes in Iran. As tensions rise in the Middle East, the effects on mortgage rates, housing prices, and the broader economy remain uncertain but crucial for real estate investors to consider. From proxy wars to direct military confrontations, this episode explores how these situations may influence inflation, interest rates, and national debt—key aspects that could reshape the housing market landscape.

Links from the Show

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Small Investors LEAD the Housing Market (Here’s Where They’re Buying)

Mon, 23 Jun 2025 11:00:00 -0000

A new report released by Realtor.com offers rare insight into real estate investor trends across the US. Host Dave Meyer breaks them all down in this episode of On The Market, including an increase in investor home purchases, where investors are buying selling, and much more.

Links from the Show

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New 2025 Survey: Real Estate Investors Are Surprisingly Confident

Thu, 19 Jun 2025 11:00:00 -0000

How do investors feel about today's housing market and what does it mean for your real estate portfolio? On this episode, OTM host Dave Meyer digs into recent investor surveys by Stessa and ResiClub to provide insights into investor plans and market trends. You'll learn how investors are planning to navigate the real estate market in the next year, including some diverging regional trends. Plus, Dave breaks down the latest inflation report and discusses the impacts of immigration policy on housing affordability and how tariffs could impact mortgage rates in the coming months.

Check out more resources from this show on ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠BiggerPockets.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ and ⁠https://www.biggerpockets.com/blog/on-the-market-331 ⁠

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Interest Rates Could Snowball as US Debt Begins to “Spiral”

Mon, 16 Jun 2025 13:23:00 -0000

Are rising interest rates putting pressure on the housing market and national debt? Join Dave Meyer as he dives into the implications of the U.S. national debt on real estate investors and everyday Americans. With the debt now surpassing the nation's GDP, real estate experts are concerned about how this could influence housing prices and mortgage rates. Learn about the historical trends and discover how political dynamics play a role in shaping the debt trajectory. How will soaring interest payments impact future planning for investors? Tune in for insights into the possible scenarios and their effect on the housing market.

Links from the Show

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Could Trump’s New Tax Bill Spark a Real Estate Revival?

Thu, 12 Jun 2025 11:00:00 -0000

Trump's new tax bill aims to extend tax deductions that are set to expire, ensuring continued economic growth and stability for real estate investors. But how can these changes benefit your investment strategy? In this episode, Dave breaks down President Trump's signature tax legislation (the "One Big Beautiful Bill Act" or OBBBA) making its way through Congress, including what's in it, what's missing, and the implications for real estate investors.

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Jump to topic:

(00:00) Why This Tax Bill Matters Now

(01:06) What’s Actually Inside the “One Big Beautiful Bill Act” (OBBBA)

(03:02) Real Estate Relevance: Bonus Depreciation Origins and Extension Details

(04:30) Bonus Depreciation Returns: Timeline and Impact for Investors

(05:50) Breakdown of Spending Cuts Meant to Offset Tax Reductions

(07:15) What Didn’t Make It In: Real Estate and Housing Provisions Left Out

(08:25) The Debate: Arguments For and Against the Tax Bill

(14:44) Real Estate Investor Takeaways: What This Bill Means for You

(20:04) Broader Economic Outlook & Final Thoughts

(21:48) Final Thoughts: What Happens Next, and When to Expect Updates

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Redfin Forecast Signals Softening, Housing Market Reaches “Tipping Point”

Mon, 09 Jun 2025 11:00:00 -0000

Redfin's latest forecast suggests home prices will see a 1% decline by year-end, a significant shift after years of growth. On The Market host Dave Meyer is joined by Chen Zhao, Redfin's Head of Economics Research, to discuss the key factors behind this projection, including a changing ratio of buyers to sellers in the market. Later in the show, Dave and Chen break down regional trends across the Sunbelt, Midwest and Northeast, talk about rent forecasts heading into 2026 and touch on the impact of current mortgage rates and trade policies on the real estate market.

Links from the Show

Check out more resources from this show on ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠BiggerPockets.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ and ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.biggerpockets.com/blog/on-the-market-328

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Contract Cancellations Climb as Sellers Ready to Cut Deals

Thu, 05 Jun 2025 11:00:00 -0000

Home sale cancellations are rising. Does that mean sellers are ready to drop prices? On this episode, Dave Meyer reveals how the emerging buyer’s market, increasing contract cancellations, and mortgage delinquency rates are shaping the current real estate landscape. Stay tuned for Dave's bonus insights on how to adjust your strategies and negotiate deals during this transitionary period.

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Join the Future of Real Estate Investing with Fundrise

Check out more resources from this show on ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠BiggerPockets.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ and ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.biggerpockets.com/blog/on-the-market-327

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Sellers Flood the Market, Outnumbering Buyers by 500K (Rare Opportunity?)

Mon, 02 Jun 2025 11:00:00 -0000

Is the housing market finally tipping in favor of buyers? This week on On the Market, Dave Meyer is joined by Kathy Fettke, Henry Washington, and James Dainard to break down a critical shift in housing market trends. With sellers now outnumbering buyers in many cities for the first time in over a decade, investors are facing new opportunities and new risks. The panel dives into how mortgage rates, housing inventory, and even the potential privatization of Fannie Mae and Freddie Mac could impact housing prices, interest rates, and your 2025 housing market forecast.

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Check out more resources from this show on ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠BiggerPockets.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ and ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.biggerpockets.com/blog/on-the-market-326 ⁠⁠⁠⁠⁠⁠⁠

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JPMorgan CEO Issues Major “Warning” for the Economy

Thu, 29 May 2025 11:00:00 -0000

Jamie Dimon, CEO of JPMorgan Chase, America’s largest bank, just issued a major economic warning. In Dimon’s eyes, the economy has falsely recovered from the tariffs imposed on Liberation Day, with investors exhibiting an extraordinary amount of “complacency” in the face of mounting economic risks. If the country’s biggest bank is saying this, why aren’t Americans listening, and what should you do with your investments right now to protect yourself from more risks to come?

The Liberation Day tariffs tanked the stock market and raised serious inflation concerns almost overnight. While the stock market has recovered, inflation fears are still peaking, economic sentiment has deflated, and consumer debt is rising. Is now the time to sell and move into cash in case a recession or more serious economic downturn arrives?

Dave is breaking down the most significant economic risks we face right now, which have the biggest effects on real estate, and how he is personally managing his money to protect himself from economic risks that most investors aren’t prepared for. But what should you be doing now? Dave is sharing his “capital preservation” checklist.

In This Episode We Cover

Jamie Dimon’s major warning for the U.S. economy and the threat of “complacency”

The biggest risks facing the economy today and whether or not they can be mitigated

Why the state of the U.S. consumer is starting to seriously worry economists (and Dave)

How to protect your investments (and your wealth) during economic downturns

Why you MUST switch to “capital preservation” mode when economic cracks begin to form

And So Much More!

Links from the Show

On The Market 312 - Inflation Fears Soar to 1980s Levels, Consumer Sentiment Sharply Plummets

Grab the Book, "Recession-Proof Real Estate Investing"

Jump to topic:

(00:00) A Major Economic Warning

(01:51) Dangerous "Complacency"

(04:14) Biggest Economic Risks

(12:21) Will the Tax Bill Help?

(14:33) Sentiment Drops, Inflation Fears Grow

(18:56) How to Protect Your Investments

Check out more resources from this show on ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠BiggerPockets.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ and ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.biggerpockets.com/blog/on-the-market-325 ⁠⁠⁠⁠⁠

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Warren Buffett Sounds Off on Real Estate, Boomers Leaving “Problem” for Gen Y

Mon, 26 May 2025 11:00:00 -0000

Warren Buffett just dropped a blunt take on why real estate may not deliver the same upside as stocks. Is he onto something—or overlooking key factors that still make the housing market a smart bet? We’re breaking it all down on today’s headlines episode!

Meanwhile, a huge wave of properties is quietly changing hands. Boomers are passing down homes, but are Millennials ready for the keys? For many heirs, this transfer of wealth is proving to be much more than they bargained for. Sky-high renovation costs, large mortgage balances, and rising taxes and insurance premiums can make inheriting a home feel more like a burden than a blessing. What’s more, without proper estate planning, families could face unexpected capital gains taxes or get stuck in probate court.

Our panel of experts unpacks these challenges and what every family should know before passing down property. Plus, we’re tracking new issues like falling vacation home demand, rising Treasury yields, and their potential impact on the housing market. Are new real estate investing opportunities hiding in plain sight? Let’s get into it!

In This Episode We Cover

Why Warren Buffett sees more upside in stocks than real estate (and what he’s missing)

Boomers are transferring $19 trillion in real estate (and why millennials aren’t ready)

Why falling demand for vacation homes opens the door for short-term rental opportunities

How rising Treasury yields and US deficit concerns affect real estate investors

How smart investors tweak their strategies and stay one step ahead as markets shift

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

BiggerPockets Money 532 - Building Generational Wealth? Don’t Lose It With This ONE Critical Mistake

Articles from This Episode:

The Boomer Home Dilemma: Millennials aren’t ready to inherit the homes they grew up in

Warren Buffett on investing: ‘There’s just so much more opportunity’ in the stock market than in real estate

Demand For Vacation Homes Drops to Lowest Level Since at Least 2018

30-year Treasury yield spikes to 5.09%, 10-year yield hits 4.61% as GOP bill raises deficit concerns

Join the Future of Real Estate Investing with Fundrise

Check out more resources from this show on ⁠⁠⁠⁠⁠⁠⁠⁠⁠BiggerPockets.com⁠⁠⁠⁠⁠⁠⁠⁠⁠ and ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.biggerpockets.com/blog/on-the-market-324 ⁠⁠⁠

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New 2025 & 2026 Rent Growth Prediction (A BIG Bounce Back?)

Thu, 22 May 2025 11:00:00 -0000

Rent growth has slowed significantly since the massive hikes of 2020-2023, but could we be close to another major rebound? A surge in multifamily supply has led many apartments to offer discounted rents, move-in and renewal concessions, and other perks to attract renters. Renters currently have the upper hand, but what happens when the supply-demand balance shifts—and less than half the usual new supply comes online?

Dave is answering that question in this May 2025 rent update. We’ll walk through which cities have rising rents, which are seeing declines, multifamily vs. single-family rents, and a new (optimistic) 2025–2026 rent forecast that could change everything for landlords. Single-family rentals are already in decent demand, so what happens when those cheaper multifamily apartments reach maximum occupancy?

This could be great news for landlords and real estate investors, but the general public is NOT paying attention. If rental demand stays steady but supply drops off a cliff, you could stand to benefit. We’re getting into that, and more, in this episode!

In This Episode We Cover

New May 2025 rent growth update and single-family vs. multifamily numbers

The huge investor opportunity for 2026 as multifamily supply dries up

Cities with rising rents that very few investors would have predicted

An optimistic rent growth forecast (and whether Dave believes it)

Surprisingly expensive markets that are seeing rents grow EVEN more

And So Much More!

Links from the Show

Rental Demand is Surging 3x Faster Than Homeownership—Here’s How to Catch the Wave

Join the Future of Real Estate Investing with Fundrise

Check out more resources from this show on ⁠⁠⁠⁠⁠⁠⁠⁠BiggerPockets.com⁠⁠⁠⁠⁠⁠⁠⁠ and ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.biggerpockets.com/blog/on-the-market-323 ⁠

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Could New Builds Hurt Your Market? These Areas Are Most at Risk

Mon, 19 May 2025 11:00:00 -0000

New builds are popping up everywhere. But some markets have a lot more new homes on the way. This could be risky for real estate investors in these areas, as steady demand and growing supply could put downward pressure on home and rent prices. Where are builders the most and least bullish in 2025, and which markets have so much supply that investors might want to steer clear? Today, we’re giving you a housing supply and inventory update.

Austin Wolff joins us again to share findings from the latest builder sentiment survey—how confident builders are in today’s housing market—and which markets they’re building the most (and least) in. This is crucial as an investor, whether you rent or flip, since supply is one factor investors can’t control.

Builder sentiment has seen a quick reversal from the 2020 - 2022 highs, but why are there still so many new development projects if builders are bearish? With permits finally getting approved, many builders are forced to complete projects, even during weaker market conditions, leading to lower prices for new build buyers and some dangerous “spillover” effects for investors in the market.

In This Episode We Cover

Why builder confidence has dropped so much, and why they can’t stop building (even with less profit)

Markets seeing the most new construction and potential downward pressure on home prices

Why now may be a great time to pick up a new build as developers give concessions

The simple formula you can use to see if your market has too much supply for demand

Could pessimistic builder conditions be better for appreciation in the long run?

And So Much More!

Links from the Show

How to Save Up to 20% on New Construction Homes

Join the Future of Real Estate Investing with Fundrise

Check out more resources from this show on ⁠⁠⁠⁠⁠⁠⁠BiggerPockets.com⁠⁠⁠⁠⁠⁠⁠ and ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.biggerpockets.com/blog/on-the-market-322

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Wall Street Bets $6B on Real Estate: Is This the Bottom?

Thu, 15 May 2025 11:00:00 -0000

Price cuts are hitting the housing market fast, and Wall Street is paying close attention. A new real estate fund just raised $6 billion specifically to invest, signaling that now could be close to the bottom for investment properties. Should you follow their lead, and if you do, which markets are seeing the biggest price cuts where you can pick up discounted deals well below asking price? We’re sharing the top cities with price cuts, why Wall Street is betting on real estate, and a strong sign for the housing market in this headlines episode!

Young homebuyers are taking the reins as first-time homebuyer demand starts to rebound in a big way. We weren’t kidding about returning to a “healthy housing market,” and this data may be a sign it’s true! But is buying really the best decision, especially with high rates and (still) high home prices? We brought a list of where renting makes more sense than buying.

The housing market is shifting, and we could be rebounding from years of high prices and stagnant sales. Investors need to pay attention, because the signals are pointing to big changes. Want to get in the know? Stick around! We’re sharing it all in this episode.

In This Episode We Cover

Wall Street’s $6 billion (with a “b”) bet on real estate prices recovering

Why young homebuyers are taking up a BIG share of housing market demand (even though the news says the opposite!)

Real estate markets with price cuts and which we’re bullish on

Renting vs. buying in 2025: these cities are where it makes the most sense to rent

How to invest in an expensive market for big equity gains AND low money down

And So Much More!

Links from the Show

On The Market 320 - Zillow: Price Cuts Hit Record as Inventory Floods Back (May 2025)

Articles from This Episode:

Ready to Buy? Grab the Book “First-Time Home Buyer”

Check out more resources from this show on ⁠⁠⁠⁠⁠⁠BiggerPockets.com⁠⁠⁠⁠⁠⁠ and ⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.biggerpockets.com/blog/on-the-market-321

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Zillow: Price Cuts Hit Record as Inventory Floods Back (May 2025)

Mon, 12 May 2025 11:00:00 -0000

Price cuts surge across the housing market as inventory bounces back in a big way. The “healthier” housing market is starting to show, and the “gap” between buyers and sellers is shrinking. Zillow’s Orphe Divounguy is back to give a sneak peek at their latest housing market data, which shows encouraging signs for buyers, agents, lenders, and anyone who wants the housing market to get back in action!

After Zillow recently forecasted a home price decline in 2025, many saw this as a bearish signal for housing. But Orphe, Senior Economist at Zillow, says that this is instead a good sign for the market. With inventory rising, sellers are getting more realistic, meaning lower prices and more choice for buyers. But what about mortgage rates—could they also drop and fuel even greater affordability? Orphe is sharing his mortgage rate prediction as well.

How will trade wars and tariffs affect the housing market with so many Americans on the financial edge? Could higher inflation and a potential recession breed big trouble for the housing market? We’re getting Orphe’s refreshingly data-backed (and surprisingly optimistic) take on what’s to come in the rest of 2025.

In This Episode We Cover

Zillow’s latest May 2025 housing market update (and GOOD news for buyers)

Record price cuts: why sellers are starting to get realistic

Housing markets seeing the most pain, and which to think twice about before investing

How trade wars and tariffs could hit housing, and Orphe’s take on inflation

Is a recession really coming? Why Orphe isn’t so sure that the writing is on the wall

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

BiggerPockets Real Estate 1101 - Housing Market Shift: Inventory Catapults Back, Buying Opportunities Grow

Economic Policy Uncertainty Index

Join the Future of Real Estate Investing with Fundrise

Check out more resources from this show on ⁠⁠⁠⁠⁠BiggerPockets.com⁠⁠⁠⁠⁠ and ⁠⁠⁠⁠https://www.biggerpockets.com/blog/on-the-market-320

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Why We’re Buying Real Estate Before Serious Economic Risks Kick In

Thu, 08 May 2025 11:00:00 -0000

Economic risk is growing, and protecting/building your wealth could get more challenging. Stocks are overvalued, mortgage rates are high, and many Americans feel stuck without a good option. What’s BiggerPockets CEO Scott Trench doing with his money to protect his wealth from inflation, recessions, and easy-money policies? Today, Scott shares his exact plan (and new investments!).

Scott went on record a few months ago to talk about his big move—cashing out of much of his index fund portfolio. What, in hindsight, looked like perfect market timing was instead a defensive move to protect himself from growing irrational exuberance. Where did he put the cash he got from the sale? Right into real estate, and so far, it’s working out quite well.

Today, Scott talks about the exact property types he’s buying, the best investing move for a beginner to make given today’s challenging economic landscape, and the significant economic risks that could be coming in 2025 and 2026. Scott’s putting his money where his mouth is, and, so far, he’s been spot on. Would you take the same approach to protect your wealth?

In This Episode We Cover

What BiggerPockets CEO Scott Trench is investing in while stocks remain overvalued and economic risk grows

The best real estate investments for someone starting in today’s economic environment

Growing economic risks from tariffs, a new Fed chair, and what’s sparking new inflation fears

Want lower interest rates? Here’s why betting against the labor market isn’t the best move

Is real estate as overvalued as stocks right now?

And So Much More!

Links from the Show

BiggerPockets Real Estate 1118 - Data Says It’s a Buyer’s Market: Here’s Where the Most Opportunity Is w/Scott Trench and Michael Zuber

Invest in Any Market Cycle with “Recession-Proof Real Estate Investing”

Check out more resources from this show on ⁠⁠⁠⁠BiggerPockets.com⁠⁠⁠⁠ and ⁠https://www.biggerpockets.com/blog/on-the-market-319

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email ⁠⁠⁠⁠advertise@biggerpockets.com⁠⁠⁠⁠.

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US Economy Shrinks: Why Mortgage Rates Aren’t Dropping (Yet)

Mon, 05 May 2025 11:00:00 -0000

The US economy is shrinking, with GDP declining this quarter. We’re getting closer to recession territory, so why aren’t mortgage rates dropping? We’ll explain how one crucial part of the economy is staying strong—keeping the Fed from cutting and delaying the typical rate-drop that comes with a recession. What’s stopping us from going back to sub-6% mortgage rates? We’ll break it down in this episode.

The economy is changing—fast. The US saw its GDP turn negative last quarter as many Americans braced for the impact of tariffs. But even with the overall economy lagging, labor data remains strong. Jobs are still being created, unemployment is relatively low, and Americans are going to work. This may be the single factor keeping the Fed in limbo, unable to cut rates any further. So, what happens if the labor market breaks?

Home builders were already anxious over the past year, and now they’re getting even more hesitant to build. With tariffs pushing up prices for materials, building (and buying) a house could get much more expensive. And with builders already dropping prices, could this lead to a broader decline in home prices across the nation?

In This Episode We Cover

A worrying sign for the US economy and whether it could trigger lower mortgage rates

The one thing standing in the way of the Fed finally cutting rates again

Tariff effects on GDP and the first signs of what they could do to our economy

New labor market numbers and why jobs are being added as the economy shrinks

Are we in a recession? And does it even matter if we are?

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

BiggerPockets Real Estate 1116 - The Mortgage Rate “Range” to Expect for the Rest of 2025

Invest in Any Market Cycle with “Recession-Proof Real Estate Investing”

Check out more resources from this show on ⁠⁠⁠BiggerPockets.com⁠⁠⁠ and https://www.biggerpockets.com/blog/on-the-market-318

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email ⁠⁠⁠advertise@biggerpockets.com⁠⁠⁠.

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New Lawsuit Could Trigger “Domino Effect” to End the MLS

Thu, 01 May 2025 11:00:00 -0000

Another MLS lawsuit is making waves—this time aiming to remove unfair listing rules and help both buyers and agents. Experts say we’re in a “healthy” housing market, but does it feel that way? A high-demand, often-overlooked “cash cow” rental strategy is exploding in 2025, and we talk about everyone’s favorite state to hate: California. Is investing in Los Angeles actually worth it? All that, and more, in today’s show!

Experts from HousingWire are calling today’s housing market “healthier” as buyers gain leverage, inventory rises, and pending sales increase. If you’re a hesitant investor, it may be time to get in the game, but flippers and sellers must be careful. James and Henry share how they’re still (profitably) selling deals in today’s market.

Want to make WAY more cash flow? This rental strategy’s demand is surging, and there’s not enough supply! We’ll describe the strategy and why it’s become a “cash cow” with even better future potential. Is the appreciation worth investing in America’s hardest housing market—California? Finally, a new MLS lawsuit makes waves as a key brokerage challenges strict selling standards that could be hurting buyers, sellers, and agents. What happens if they win?

In This Episode We Cover

The new MLS lawsuit that may trigger a “domino” effect leading to the end of the MLS

A cash-flowing rental strategy with growing demand in 2025 and where it works

Why experts say the housing market is “healthy” again—but why it still feels off

Does it ever make sense to invest in California? Why the wealthy still park money there

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Los Angeles Real Estate: Why Do People Continue to Invest Here?

Why the housing market is actually much healthier in 2025

Compass files an antitrust suit against NWMLS over its CCP

Join the Future of Real Estate Investing with Fundrise

Check out more resources from this show on ⁠⁠BiggerPockets.com⁠⁠ and https://www.biggerpockets.com/blog/on-the-market-317

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email ⁠⁠advertise@biggerpockets.com⁠⁠.

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“Technical” Recession is Imminent: Is the Housing Market Safe? w/J Scott

Mon, 28 Apr 2025 11:00:00 -0000

What the heck is happening with the US economy? Stocks are down, now they’re up, mortgage rates are dropping—wait, scratch that—they’re back up again, the Fed could have a new chair, and if they cut rates, interest rates could…rise? A “technical” recession is on the way, but will it have the same effects as the last one? We need some backup to explain the state of the US economy, and J Scott is here to do just that.

J wrote the book on Recession-Proof Real Estate Investing and is known as one of the most economically aware real estate investors. Today, we’re diving into it all: mortgage rates, recession chances, inflation rates, tariffs, trade wars, future home price predictions, and what J plans to do with his money.

Home prices are already unstable, but could a recession, combined with high inventory and low demand, push us over the edge? This may not be another 2008, for many reasons, but the psychological effect of a recession can be severe—especially on homebuyers and sellers. We’re giving you J’s complete overview of the economy today.

In This Episode We Cover

Whether or not home prices are at risk as we enter a “technical” recession

J’s investment plan for 2025 and the assets he’s most bullish on

The massive undersupply problem that’s propping up the housing market

Inflation forecasts and the unexpected tariff side effects that could cost Americans

Why “just buy American” won’t stop you from feeling inflation

How the Fed cutting rates could…raise rates?

And So Much More!

Links from the Show

On the Market 315 - Stagflation Risk Rising Fast as US Economy Falls Out of Balance

Grab J’s Book, “Recession-Proof Real Estate Investing”

Jump to topic:

(0:00) Intro
(2:04) Home Prices (Probably) Won’t Crash
(8:24) Still SO Undersupplied
(9:56) The “Technical” Recession Coming
(14:45) GDP Will Drop
(18:26) Inflation Forecast
(22:58) Just Buy American Goods?
(28:15) New Fed Chair?
(34:23) J’s Investment Plan

Check out more resources from this show on ⁠BiggerPockets.com⁠ and ⁠https://www.biggerpockets.com/blog/on-the-market-316

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email ⁠advertise@biggerpockets.com⁠.

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Stagflation Risk Rising Fast as US Economy Falls Out of Balance

Thu, 24 Apr 2025 11:00:00 -0000

Stagflation: the combination of two of the worst economic conditions—inflation and slow/no growth. With stagflation, prices rise, asset growth shrinks, unemployment increases, consumer confidence drops, and economic pain spreads. This is the first time in almost fifty years that the US has had to deal with what is an extremely rare economic scare. And with the Fed already under immense pressure to lower rates, is the US economy out of escape routes?

Today, we’re talking about stagflation—a trend that has worried major economists for months. Economic “warning signs” are already flashing as recession and inflation risks grow. But if we get hit with stagflation, how bad will it be, how long will it last, and how will it affect real estate? I’m explaining it all today.

We’ll walk through what happened during the 1970s stagflation crisis, how home and rent prices were affected, what’s causing today’s stagflation risk, and whether the Fed has any power left to mitigate the worst consequences of it. This could affect every American and anyone investing in American real estate, but have my investing plans changed? I’ll tell you what I’m doing next.

In This Episode We Cover

Stagflation explained and why it’s becoming a greater risk in 2025

Why the Fed may be out of options to fight stagflation and what’s causing it

Reviewing the 1970s stagflation crisis and what happened to real estate prices then

Inflation forecasts for 2025 and how much more prices could rise

My current investing plan and how I’m looking at real estate if stagflation strikes

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Real Estate Investors—You Should Be Very Concerned About Stagflation

Buy Real Estate the Right Way in Any Market Cycle with “Real Estate by the Numbers”

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-315

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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Housing Market at Risk as Rates Rise, Dollar Weakens, Demand Freezes

Mon, 21 Apr 2025 11:00:00 -0000

The housing market may be at greater risk than many of us thought. An economic trifecta is forming. If all three conditions hit at once, it could spell serious problems for anyone in the real estate industry. We may be close to a time when high home prices, high mortgage rates, and a recession all meet, causing a significant slowdown with effects that could hurt everyone who buys, sells, or helps transact on homes. But how likely is this to happen?

The past month has been a wild ride for the economy. Mortgage rates fell dramatically but are now shooting back up. Inflation and unemployment fears are peaking as consumer confidence drops to unprecedented levels. And now, new tariffs could drive costs even higher. This could change everything, weakening the US dollar and making buying a house even harder.

Every real estate investor, agent, lender, or professional should understand these risks because the effects could be severe. In this episode, we’re breaking down all the latest economic changes and how they affect the housing market.

In This Episode We Cover

New risks to the housing market that could cause big changes for buyers and sellers

Why interest rates are starting to reverse, shooting back up EVEN with high recession risk

The trifecta of bad news for the housing market and what investors must know now

What a weakening dollar means for mortgage rates and the US economy as a whole

Transaction volume forecasts and whether we’ll still see a hot spring homebuying season

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

BiggerPockets Real Estate 1106 - The One True “Inflation-Proof” Investment (EVEN with Tariffs)

Invest in Any Market Cycle with “Recession-Proof Real Estate Investing”

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-314

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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These Are The Perfect Investing Markets for 2025

Thu, 17 Apr 2025 11:00:00 -0000

What if you could predict how a housing market performs before buying there? This would allow you to invest only in the best areas across the US, putting money down where you know it will multiply and letting you get leagues ahead of the other investors. This is MORE than possible, but you’ll need to know which metrics mean the most to an investing market. Neal Bawa has been doing this for years, building a huge real estate investing empire simply by looking at the data others often ignore. Today, he’s giving you his exact strategy.

Why should you NOT invest in your backyard? It may seem like the easiest place to start, but Neal says you could miss out on a massive upside by sticking to what is comfortable. As a data scientist, he puts the numbers before the hype, ditching cities that investors are flocking to and investing in those that only have the most solid fundamentals. He mentions one metric that makes a housing market grow or slow in rent prices, but which metric is it?

Today, Neal is sharing the best markets across the US to invest in, why renters prefer one type of housing over others (it’s not what you’d think), what Neal is buying NOW even with high interest rates and still (relatively) stubborn sellers, and why his six-metric formula is the key to predicting which markets will boom.

In This Episode We Cover

How to predict rent growth and home price growth in ANY market in America

Multifamily vs. single-family rentals and why one hybrid is beating both

Neal’s top 2025 markets to invest in using his six-metric market formula

Why Neal stopped making offers on apartments and started buying THIS instead

Is local real estate investing hurting your returns? Here’s why you may want to move your money

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

13 Real Estate Hot Spots You Won’t Want to Miss Next Year

Neal's BiggerPockets Profile

Multifamily University

Grab the Book “Real Estate by the Numbers”

Jump to topic:

(0:00) Intro

(3:00) DON’T Invest in Your Backyard?

(6:34) This Metric Predicts Markets

(14:35) Tenants Want THIS Most

(22:26) Best Markets in America

(24:30) What Neal’s Buying NOW

(33:52) Connect with Neal!

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-313

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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Inflation Fears Soar to 1980s Levels, Consumer Sentiment Sharply Plummets

Mon, 14 Apr 2025 11:00:00 -0000

Consumer confidence collapses, China flashes its “nuclear option,” Zillow goes after secret listings, and uh oh, renovations could get even pricier—what does it all mean for your investments?

Americans are dealing with severe trade war whiplash, and it’s starting to show. Consumer sentiment has fallen off a cliff in the most recent reading, with many Americans fearful that inflation will spike back up, the economy will slow way down, and we’ll be stuck in economic quicksand. How close is this to reality, and if average Americans are panicking, what should investors do to keep their sanity and portfolios stable?

It’s been quite a week, so we’re bringing you the biggest headlines from the housing market and more! Zillow fights to unlock some of the “gated” listings agents and brokers have been using to curate their clientele selectively. Don’t know what secret listings we’re talking about? There’s a good chance they were hidden from you, too!

China holds the “nuclear option” that could end the trade war, but will they use it, knowing that it could quickly send a shockwave across the shore and straight into China’s own economy? Plus, are things really that bad? According to Americans…yes. Consumer sentiment is now hovering around ten-year lows. Flipper confidence could be next, as construction costs may rise due to tariffs. How do you protect your deals, no matter what’s coming down the pipeline?

In This Episode We Cover

China’s secret weapon against high tariffs (and whether they’ll actually use it)

New consumer sentiment numbers that show just how bad Americans think the economy will get

Inflation expectations and why many Americans are prepared for a return to constantly rising prices

Zillow’s move to end listing gatekeeping and open up more housing options for ALL buyers

James’ time-tested advice to take NOW if you’re renovating or flipping a home

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

On The Market 310 - Mortgage Rates Fall Fast as Tariffs Trigger Mass Stock Selloff, Economy at Risk

Zillow is fighting back against a push to make real estate listings more exclusive

The nuclear option China could take in trade war with the US

Tariff Implications for the Construction Industry, Wells Fargo Report

Tariff Implications for the Construction Industry

Consumer Sentiment Tanks in April on Recession Fears

Join the Future of Real Estate Investing with Fundrise

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-312

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

Learn more about your ad choices. Visit megaphone.fm/adchoices

A “Signal” That Multifamily Is Finally Bottoming Out (Time to Buy?)

Thu, 10 Apr 2025 11:00:00 -0000

Large multifamily, for the most part, has been an “uninvestable” asset for the past few years. Tons of new inventory hitting the market, short-term loans coming due, rising expenses, and stagnant rent growth are just a few reasons investors have avoided this asset like the plague. Even veteran multifamily investor Brian Burke sold off a majority of his portfolio when prices were sky-high. Now, the oracle of multifamily has come back to share why he thinks we have two years until this reverses.

Brian believes there’s a strong “signal” that sellers are about to get real, buyers will have more control, and rent prices will grow again. Could this be the bottoming out of the multifamily real estate market, or are we still years away from any recovery?

What about small “sweet spot” multifamily rentals or single-family homes? Are they worth investing in right now? Brian shares exactly which assets have the most (and least) potential and the recession indicators to watch that could throw the real estate market out of whack.

In This Episode We Cover

The state of large multifamily in 2025: Is it finally time to get back in the game?

The “sweet spot” multifamily properties small investors should be buying now

Why 2027 could be the year that the multifamily market reverses

Is residential real estate (single-family rentals) still a worthwhile buy in this housing market?

The $1,000,000,000,000 problem that the multifamily market is facing

And So Much More!

Links from the Show

BiggerPockets Real Estate 1100 - The Ultimate Underrated Rental Property of 2025 (for Small Investors)

Grab Brian’s Book, “The Hands-Off Investor”

Jump to topic:

(00:00) Intro

(00:33) What to Buy and What to Avoid

(04:13) Multifamily Sellers Must Wake Up

(08:30) Has Multifamily Bottomed Out?

(09:57) “Sweet Spot” Investments

(14:51) Will Rent Growth Return?

(20:28) An Opportunity for Single-Family Rentals?

(25:18) Is Now the Time to Buy?

(28:54) Recession Risks to Watch

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-311

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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Mortgage Rates Fall Fast as Tariffs Trigger Mass Stock Selloff, Economy at Risk

Mon, 07 Apr 2025 11:00:00 -0000

Last week’s tariff announcement from the Trump administration put the stock market in a freefall. Major indexes are now past correction territory and on their way to crash status. But one silver lining for real estate investors? Mortgage rates. Economic fear is pushing more investors to buy bonds, lowering yields and mortgage rates. How long will suppressed mortgage rates last, and could rates fall even more?

The Trump administration’s latest round of tariffs may be the most significant change in economic policy in 50 years. This affects not just Americans but the entire world, as President Trump purposefully pursues a “deglobalization” strategy. This could force us to form new allies, break ties with old ones, and see a shift to much less reliance on foreign trade partners.

What does that mean for real estate investors? Well, you could see certain costs go up—significantly. We’ll discuss exactly which costs will rise, and by how much, and what investors should do to protect themselves—not panic—in this highly volatile time.

In This Episode We Cover

Trump’s latest tariff announcement explained and the countries that will be hit hardest

Why Canada and Mexico were excluded from the new round of tariffs

How economic fear affects interest rates, and whether these low(er) rates will last

One MASSIVE risk that could hurt all Americans if it comes to fruition

What Dave is doing right now to protect (and grow) his portfolio during downturns

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

BiggerPockets Real Estate 1103 - April 2025 “Upside” Update: Making a BIG Change to My Portfolio (Cashing Out)

HousingWire: Trump’s ‘Liberation Day’ imposes dramatic global tariff regime

Invest During Any Market Cycle with “Recession-Proof Real Estate Investing”

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-310

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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Americans Are Late on Their Mortgages: Why I’m NOT Worried About THAT Chart

Thu, 03 Apr 2025 11:00:00 -0000

Mortgage delinquencies are up…or are they? One chart that’s been circulating on social media would have you believe that a growing number of homeowners are on the brink of foreclosure, driving us toward another 2008-style collapse. Is the panic justified or unfounded? We’ll dig into the data in today’s episode!

A Freddie Mac chart has been doing the rounds recently, showing a massive jump in delinquencies, but what the data really reveals is a spike in another type of real estate delinquency—a trend that should come as no surprise, given how rising interest rates impact adjustable-rate loans. But what about residential real estate? Are regular homeowners now suddenly missing mortgage payments to 2008 levels?

There’s no denying that we’re entering a buyer’s market. While a 2008-style housing market crash is unlikely, inventory is growing, and home prices could decline another 2%-3%. Whether you’re a regular homebuyer or real estate investor, this means you have an unusual amount of negotiating leverage. We’ll share a strategy you can use to insulate yourself from a potential dip and capitalize on an eventual surge in home prices!

In This Episode We Cover

How mortgage delinquency rates impact the housing market overall

Why real estate is historically less volatile than stocks and other markets

The “canary in the coal mine” that could signal trouble for the housing industry

Why we’re seeing an (expected) surge in these mortgage delinquencies

Taking advantage of a buyer’s market and a potential “dip” in home prices

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Over 6 Million Americans Are Late on Their Mortgage Payments—Here’s What It Means for Investors

Grab the Book, “Recession-Proof Real Estate Investing”

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Housing Market Shift: Inventory Catapults Back, Buying Opportunities Grow

Mon, 31 Mar 2025 11:00:00 -0000

Home prices are falling fast in some prime real estate markets across the country while others remain stubbornly stuck. What’s the defining factor between a stable housing market and one where sellers are actively cutting prices? Housing inventory! This metric defined the 2020 - 2022 run-up in home prices, but the rubber band of demand is snapping back as buyer power grows, housing inventory rises, and investors get even better buying opportunities.

Remember when people said, “I’ll buy when prices drop”? Well, now might be the time.

ResiClub’s Lance Lambert joins us to provide a holistic view of housing inventory, prices, demand, and emerging opportunities. Lance walks through the most up-to-date data on where housing inventory is rising fast, where prices are quickly declining, and which markets are holding on as sellers remain in control.

We’ll also talk about why homebuilding costs are about to JUMP and the reason Warren Buffett sold his homebuilding stocks shortly after buying them. Will construction slow down, limiting new inventory and leading us back into ultra-low supply? If so, this could push home prices higher, creating a prime opportunity for real estate investors.

In This Episode We Cover

US real estate markets seeing the most and least new inventory, and where prices are falling

Is spiking inventory a worrying sign for the housing market, or are we merely normalizing?

What to look at in your housing market to forecast whether prices will rise or fall

Why are homebuilding costs about to JUMP, and could this lead to even more inventory problems?

The new housing trend: Older renters, but could this mean more demand for rentals?

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

ResiClub: The cost breakdown for constructing a single-family home in 2024

ResiClub: Did Warren Buffett see this coming? Homebuilder margins face pressure in 2025

ResiClub: The vanishing young homebuyer: Median first-time homebuyer age jumps from 28 in 1991 to 38 in 2024

Inventory Is Key to a Stable Real Estate Market—Will It Recover?

Join Lance’s Newsletter

Join the Future of Real Estate Investing with Fundrise

Jump to topic:

(0:00) Intro

(1:27) Hottest and Coldest Markets

(8:00) Should We Be Worried?

(11:00) Where Prices Are Dropping

(14:54) What to Look For In YOUR Market

(17:39) Homebuilding Costs To JUMP

(21:48) Developer Profits Shrink

(24:11) Older Renters, Better for Investors

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Florida Pushes to Abolish Property Taxes, These States Could Follow Soon

Thu, 27 Mar 2025 11:00:00 -0000

Florida property taxes could drop to 0%. As the state struggles with some of the lowest affordability in the country, with home insurance almost doubling in five years and home prices increasing by more than 50% compared to pre-pandemic pricing, Floridian homeowners have seen their housing costs explode. So, what if they could save thousands of dollars a year by ditching property taxes?

If Florida makes it work, this could open up the floodgates for many other states to pass similar bills. But WILL it work? A significant amount of Florida’s tax revenue comes from property taxes, so will they be efficient enough to work with a tighter budget, or will infrastructure break down due to the massive loss in government funding?

And, if property taxes are eliminated, boosting affordability, could buyer demand surge as well? We ran the numbers, and the potential savings on housing costs are substantial. If Florida proves a successful 0% property tax test case, other states (including yours) could be next.

In This Episode We Cover

Florida’s new legislative push to abolish or reduce property taxes for homeowners

How much homeowners would save every month if their property taxes were eliminated

Can Florida afford to ban property taxes, and which services would be compromised if they did?

States that are most likely to eliminate property taxes if Florida succeeds

Serious side effects of eliminating property taxes and who pays the price

And So Much More!

Links from the Show

How You Can Legally Minimize Rental Property Taxes as Much as Possible

Sources of State and Local Tax Collections

Know Your Numbers BEFORE You Buy with “Real Estate by the Numbers”

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Buyers Return as Lower Rates Hold, Trump Trades Federal Land for BIG Housing Bet

Mon, 24 Mar 2025 11:00:00 -0000

Buyers are finally funneling back to the housing market thanks to recently lower mortgage rates. But, we’ve still got a BIG housing problem to fix—undersupply. What’s President Trump’s plan to put more houses on the map? Freedom cities! By turning federal lands into high-tech hubs for workers, we may be able to solve our housing shortage. Is this possible, or are “freedom cities” just a far-off developer dream? We’re getting into this headline and all the others filling your newsfeed in today’s episode!

Home prices are about to PLUMMET…says one article for a select few property types. While much of this might be clickbait, James does think it’s time to scoop up some sweet property deals on second homes in hot vacation markets. With good value, economic weakness putting pressure on sellers, and long-term upside, this could be a solid move to make!

Want to pay even LESS to a real estate agent? That’s what everyone says, but it doesn’t seem like that’s what everyone wants as Redfin gets bought out by Rocket Companies. Is the low-cost real estate agent model finally about to bite the dust, or could Rocket turn things around, bringing buyers a whole new suite of low-cost services? Stick around; we’re sharing our thoughts!

In This Episode We Cover

Trump’s plan to trade federal lands for “freedom cities” that could increase housing inventory

Fed rate cut update: Should we still expect rate cuts sometime in 2025?

Great news for real estate agents and lenders as sales accelerate thanks to lower interest rates

One type of rental property that could be a killer deal in 2025 (in SOME markets)

The end (or beginning) of Redfin as Rocket Companies buys out the low-cost-agent brokerage

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

On The Market 300 - Mortgage Rates Hit 2025 Low as Recession Fears Rise

What Is Trump's New Affordable Housing Plan for Federal Lands?

Existing-Home Sales Accelerated 4.2% in February

5 Types of Homes Expected To Plummet in Value by the End of 2025

What went wrong at Redfin?

Find investor-friendly tax and financial experts with BiggerPockets Tax & Financial Services Finder!

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100% Bonus Depreciation Could Return This Year: 2025 Tax Update

Thu, 20 Mar 2025 11:00:00 -0000

Real estate is one of the most tax-advantaged investments in the country. With bonus depreciation, opportunity zone investing, 1031 exchanges, and more, investing in real estate is not only the best way to build wealth—it’s the key to tax-free (or deferred) wealth. So, with a Republican-controlled House and Senate, will new tax proposals favoring real estate investments pass?

We’ve got some news that could make 2025 a “game-changer” year for real estate investors. CPA Brandon Hall joins us to break it down.

With numerous proposals floated to restore 100% bonus depreciation, extend opportunity zone investments, and eliminate taxes on tips, overtime, and Social Security, 2025’s tax laws could look very different if these changes pass.

Plus, there’s one huge real estate tax write-off you’re (probably) not taking advantage of. Brandon shares how investors can write off even more during rehabs and renovations, using a specific tax deduction most investors have never heard of.

In This Episode We Cover

100% bonus depreciation—is it coming back, and when could it go into effect?

The most commonly missed real estate tax write-off you MUST know about

Tax-free income sources and which types of income could dodge Uncle Sam’s grip

Opportunity zone updates and whether this tax-deferred investment will be renewed

Still doing your taxes? Tell your CPA this BEFORE you file

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Find Investor-friendly Tax and Financial Experts

What Is Bonus Depreciation And How Does It Work?

Top 2025 Tax Strategies For Real Estate Investors

Work with Brandon’s Team

Buy “The Book on Tax Strategies for the Savvy Real Estate Investor”

Jump to topic:

(00:00) - Intro

(01:14) - Bonus Depreciation Update

(08:53) - A Massive Missed Deduction

(12:54) - Tell Your CPA This

(14:29) - Tax Cuts Get Extended?

(18:58) - New Tax Proposals

(20:41) - Renewing Opportunity Zones

(23:04) - When Bonus Depreciation Could Return

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Stocks Tank as Recession Threat Grows, but Real Estate HASN’T Cracked

Mon, 17 Mar 2025 11:00:00 -0000

Stocks are struggling, recession fears are ramping up, and investors are starting to worry. The stock market has been falling for weeks, major indexes are down, and new (rapidly changing) tariffs are only making things worse. But what does this actually mean for your investments? Is this just a stock market correction, or could real estate soon suffer the same fate?

Today, we’re breaking down what’s going on in the US economy: why stocks are tanking, how the housing market could react, and what smart investors are doing right now. Should you sell, hold, or shift your stocks into real estate? Dave shares a big move he just made with his own portfolio and why he’s rethinking his investment strategy heading into a potential recession.

With so much uncertainty, you need to know what actually matters (and what doesn’t) for your portfolio. Will falling stock prices inadvertently trigger a real estate boom? Could lower inflation and interest rate cuts save the market? And most importantly—what should you do next? We can’t give you financial advice, but Dave is sharing what he’s doing with his money in this episode.

In This Episode We Cover

Why the stock market is sliding and whether a recession is next

The psychological impact of new tariffs on the economy (and YOUR investments)

The almost unbelievable (and borderline frightening) metric about consumer spending

Why Dave sold a sizable chunk of his stock portfolio (and where that money is going)

How a stock market correction could shake up the housing market

What lower inflation and possible rate cuts could mean for real estate

The key economic signals you NEED to watch over the next few months

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Stock Market Volatility Makes Real Estate Look a Whole Lot Better

Invest in Any Market Cycle with “Recession-Proof Real Estate Investing”

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-304

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Is the Mortgage Industry Safe with CFPB Under Fire?

Thu, 13 Mar 2025 11:00:00 -0000

Is the mortgage industry still safe? The Consumer Financial Protection Bureau (CFPB) has been ordered to halt all work while awaiting a new Trump-appointed director. While you may not often hear about this government agency, the CFPB plays a huge role in the mortgage industry and is the reason 2008-style lending practices have not been brought back to the market.

With uncertainty surrounding the CFPB—will it be downsized, shut down, or remain unchanged?—many in the mortgage and real estate industries are concerned about what’s next. Chris Willis, host of The Consumer Finance Podcast, joins the show to share how the Trump administration is thinking of restructuring the CFPB and limiting the scope of its protections.

Will the new CFPB director scale back some of the more inclusive mortgage lending practices or keep them the same? Could your bank account and credit card fees change due to a less strict CFPB directive, and what does this mean for YOU getting your next mortgage? This agency has bigger effects than many Americans realize, so we’re sharing what’s coming next.

In This Episode We Cover

The Consumer Financial Protection Bureau (CFPB) explained, what they do, and how they influence mortgage lending

Why the Trump administration is taking aim at this agency and halting work

The one piece of legislation protecting strict mortgage laws in America (could it be changed?)

The difference between Biden-led and Trump-led CFPB initiatives

How the CFPB affects your mortgages, credit cards, and bank accounts

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

On The Market 300 - Mortgage Rates Hit 2025 Low as Recession Fears Rise

The Consumer Finance Podcast

Join the Future of Real Estate Investing with Fundrise

Jump to topic:

(00:00) Intro

(00:41) The CFPB Explained

(04:52) Taking Massive Financial Action

(07:48) How the CFPB Affects Mortgages

(09:57) Will Trump Administration End It?

(15:35) Scaling Back the CFPB

(16:49) These Changes Affect Americans

(20:06) What Investors Must Watch

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Tariff Talks Put the Housing Market on Ice: Prices Down, Delinquencies Up

Mon, 10 Mar 2025 11:00:00 -0000

Mortgage rates are down, so the housing market should be entering a frenzy…right? Not quite. The buyer’s market seems alive and well, with sellers offering concessions as the housing market visibly “slows.” What’s causing it? New inventory hitting the market? Tariff talks leading to higher housing costs? We’re getting into it all in this episode as we hit on four of last week’s top headlines.

First, how much will a new home cost now that tariffs are in place? With lumber, labor, and material prices all rising, there could be a five-figure added cost per home for homebuilders, making it even more expensive for buyers. Will labor costs continue to rise in 2025 after years of solid growth, or will renovators and flippers finally get relief?

The housing market is slowing down even as we get closer to the spring homebuying season. Home prices are DOWN year-over-year, but one caveat makes this a half-truth. With more inventory hitting the market, buyers could have their pick! And that inventory could grow even greater as mortgage delinquencies start to rise—should we begin to worry? Enough speculation; let’s get into it!

In This Episode We Cover

How much more a new home will cost with the 2025 tariffs now put in place

A worrying statistic about mortgage delinquencies investors must pay attention to

Labor and material cost predictions for 2025: Can they keep rising?

Updated housing inventory metrics and why sellers are struggling, ready to give concessions

Why Henry really needs a hug this week

And So Much More!

Links from the Show

On The Market 301 - Mortgage Rates Fall EVEN Further as “Tariff Tuesday” Triggers Stock Sell-Off

Here’s how tariffs will hit the U.S. housing market

Construction Industry Cost Insights for Q1 2025

Realtor’s February 2025 Monthly Housing Market Trends Report

Mortgage Delinquencies Increase in the Fourth Quarter of 2024

Case-Shiller Index

Grab Henry’s Book, “Real Estate Deal Maker”

Jump to topic:

(00:00) Henry Needs a Hug

(02:23) Homes Could Cost $10K More

(08:04) Construction Prices Rise

(11:36) The Market SLOWS Down

(19:55) Mortgage Delinquencies Are UP

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-302

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Mortgage Rates Fall EVEN Further as “Tariff Tuesday” Triggers Stock Sell-Off

Thu, 06 Mar 2025 12:00:00 -0000

“Tariff Tuesday” just hit, and the economic ripple effects are already in motion. The stock market saw a significant sell-off, key recession indicators are flashing, and mortgage rates dropped yet again. These shifts could have a major impact on the economy, but will they spill over into real estate? And as an investor, could your costs rise even more?

In this episode, Dave breaks down what actually happened on “Tariff Tuesday,” which tariffs were imposed, and how they could shape the months ahead. We’ll cover how different countries are responding and what this could mean for inflation, the stock market, and what you really want to hear about—mortgage rates. Could rates continue their months-long decline, or are we bottoming out for 2025?

These new tariffs directly affect real estate investors and anyone within the industry, but is Dave changing his investing strategy for 2025? Should you second-guess your stock portfolio and search for more stable assets as the market rollercoaster continues? We’re getting into it in this episode!

In This Episode We Cover

The “recession indicators” going off that have economists and everyday Americans worried

Why mortgage rates are FALLING even though inflation concerns are rising

Whether tariffs will make real estate investing even more expensive (and which homes will be hit the hardest)

The stock market’s “Tariff Tuesday” reaction and what it signals about the economy

Retaliatory tariffs and which countries are firing back at the Trump administration

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

On the Market 293 - New Tariffs Mean Much More for Mortgage Rates Than You Think

Invest in Any Market Cycle with “Recession-Proof Real Estate Investing"

New Tariffs Mean Much More for Mortgage Rates Than You Think

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-301

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Mortgage Rates Hit 2025 Low as Recession Fears Rise

Mon, 03 Mar 2025 12:00:00 -0000

Mortgage rates are now at their lowest point in months, giving homebuyers and real estate investors some much-needed relief. But it isn’t all good news. With lower mortgage rates comes more market volatility, a weaker job market, recession risks, and new inflation fears. A lot is impacting the housing market, and in a time when nothing seems to make sense, Dave is breaking down the logic behind why mortgage rates are falling even as the Fed pauses.

First, let’s talk about the good news: mortgage rates dropping half a percentage point from their three-month high to hit a new 2025 low. This is great news for buying real estate but may signal a bigger, more substantial economic shift. The bad news? Americans are growing fearful of the economy. A recession seems like it’s still in the cards, unemployment is rising, high-paying jobs are getting terminated left and right, and everything costs more.

With all that taken into account, what should YOU, a real estate investor, do right now to ensure you still build wealth regardless of which direction the market moves? Should you lock down a mortgage rate now or wait for even greater interest rate relief? Stick around; Dave is giving a full analysis of today’s economic state.

In This Episode We Cover

A new 2025 mortgage rate LOW as rates drop below the 7% threshold

Why Americans are pinching pennies and fearing for the economy

Is a recession still possible, or are we close enough to a “soft landing”?

How tariffs, inflation, and job losses (NOT the Fed) are moving mortgage rates

What investors should do NOW if they’re under contract (or will be) for their next property

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

On The Market 290 - Redfin: Tariff Fears Drive Up Mortgage Rates, Throwing 2025 Off-Track

Consumer Confidence Survey

Consumer Sentiment Index - University of Michigan

Invest in Any Market Cycle with “Recession-Proof Real Estate Investing”

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-300

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Weaker Home Prices Ahead | Zillow Downgrades 2025 Home Price Forecast

Thu, 27 Feb 2025 09:00:00 -0000

Only two months into 2025, Zillow has significantly changed its original housing market prediction. With rising inventory, suppressed buyer demand from high mortgage rates, and sluggish market sentiment, Zillow’s home price forecast has been downgraded. Why the change, and what data is leading Zillow to project little or no home price growth this year? Orphe Divounguy, Senior Economist at Zillow, is on to share.

With a downgraded forecast, the question becomes: is the housing market leveling off, or could we be in store for home price dips? How will rent prices be affected with the massive wave of multifamily construction finally starting to taper off? With less supply coming online, will these units get absorbed, resulting in higher rents for single-family homes?

Have we finally reached the supply-demand equilibrium, putting the housing market on pause? What’s the one thing that could reignite buyer demand and lead to home price appreciation? Or, is this the new normal, and with little interest rate relief in sight, are we headed for years of a stagnant housing market? We’re getting Orphe’s expert take!

In This Episode We Cover

Zillow’s new February 2025 housing market forecast (and the sizable home price forecast downgrade)

Why home prices are stagnating, and the one crucial factor causing this

Mortgage rate predictions and whether we’ll see some real rate relief this year

Single-family and multifamily rent price predictions for 2025 (which will see the most growth?)

What should investors do: sit on the sidelines or capitalize on current conditions?

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

BiggerPockets Real Estate 1083 - Feb 2025 Housing Market Update: Are Our Predictions Already Wrong?

Zillow Home Value and Home Sales Forecast (February 2025)

Join the Future of Real Estate Investing with Fundrise

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-299

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2025 Mortgage Delinquencies Tick Up: Will Housing Bounce Back OR Break Down?

Mon, 24 Feb 2025 09:00:00 -0000

ICE’s February 2025 Mortgage Monitor report is out, revealing new data that may signal a “shift” in the housing market. Could these changes lead housing to bounce back or break down? One worrying metric is beginning to rise, but could it cause a downward spiral for the rest of the housing market? We’re uncovering it all on this episode with ICE’s Andy Walden.

From mortgage delinquencies to interest rate fluctuations, insurance overhauls, and more buyer power, the housing market is changing quickly. We’ll first talk about why a specific subset of homeowners is becoming increasingly delinquent on their mortgage payments. This group makes up a significant portion of the market, but could this uptick trigger a rise in foreclosures?

California’s wildfires became one of the costliest natural disasters in history, and with insurance providers already struggling, you may begin to feel the fiery effects on your next insurance bill regardless of where you live. Finally, some great news for buyers as Andy shares his optimistic forecast for mortgage rates and housing inventory, making it easier for you to buy your next property.

In This Episode We Cover

The worrying housing market metric that could signal distress among homeowners

Whether California’s wildfires could cause your insurance rates to jump

Foreclosure activity and why it isn’t vastly increasing as unemployment rises and inflation melts away spending power

Andy’s 2025 mortgage rate forecast and when rates could fall this year

Why homebuyers could have even better choices come this spring homebuying season

And So Much More!

Links from the Show

Over 6 Million Americans Are Late on Their Mortgage Payments—Here’s What It Means for Investors

February 2025 Mortgage Monitor

Join the Future of Real Estate Investing with Fundrise

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-298

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The #1 Factor That Leads to Home Price Growth (You CAN Predict This)

Thu, 20 Feb 2025 09:00:00 -0000

There’s one key housing market factor that leads to home price growth. It doesn’t have to do with interest rates, property taxes, or weather. This single metric is the strongest predictor of your home price rising, staying stagnant, or falling. If you know where this metric is peaking, you can follow a data-driven trail to housing markets that will soon have higher home prices and get in before the masses.

What’s the secret metric we’re talking about?

Well, it’s not so much of a secret. This metric is easy to find online and can help you pinpoint markets with the highest potential for price growth. So, if it’s so easy to find, why isn’t every real estate investor using it? Mainly because most investors don’t know how important this metric is.

But today, we’re showing you exactly how to track where home prices could rise, how to pinpoint the neighborhoods within your market that could experience high price growth, and why this easily available predictive metric may change as the economy shifts.

In This Episode We Cover

The number one way of predicting whether home prices will grow in an area

How this metric strongly influences migration and brings more demand to cities

Where to find this data for free and the easy way to predict home price growth

Trends to start watching now that could foretell which cities will rise (and shrink)

How to find the fast-growing (and stable) neighborhoods to invest in within your city

And So Much More!

Links from the Show

BiggerPockets Daily 1431 - 12 Cities You’ll Regret You Didn’t Invest In 10 Years From Now

Bureau of Labor Statistics

Join the Future of Real Estate Investing with Fundrise

Jump to topic:

(00:00) #1 “Growth” Metric

(04:01) Could Remote Work Change This?

(08:13) These Jobs Push Prices UP

(11:06) How to Predict Market Moves

(15:45) Trends to Watch

(19:15) Finding Growing Neighborhoods

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-297

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The 2025 "Asset Bubble" is Ballooning: Is It Time to Hoard Cash?

Mon, 17 Feb 2025 09:00:00 -0000

Is now the time to stop investing and start saving cash instead? As an “asset bubble” balloons larger and larger, every investment is looking overpriced. Homes are at all-time high prices with massive mortgage payments, stock price-to-earnings ratios are reaching dangerous levels, and Bitcoin is hovering around six figures. We constantly talk about how consistently investing in real estate leads to long-term wealth, but is now the time to pause?

J Scott, the author of Recession-Proof Real Estate Investing and expert flipper, multifamily investor, and more, has significantly shifted how he’s using his money. While deals were plentiful before rates rose, they're now much harder to find—and not just in real estate. Who knows which tech and AI stocks will be worthless in a few years and which cryptos will crash?

So, what should you do with your money at this inflection point in the economy? Should you hoard cash and wait for opportunities, or follow the “dollar-cost averaging” advice and invest regularly? Will doing so cause you to miss out on opportunities if the economy begins to shift? We’re asking J his take in this episode!

In This Episode We Cover

J’s current investment portfolio and why he feels he has too much real estate

Exactly what J would do today if he were given $100,000 to invest

The 2025 “asset bubble” that has already formed (will it pop?)

The assets J is selling and why he stresses diversification in a different way

2025 buying opportunities and the major discount you could score on one profitable type of real estate

Why J thinks you should be putting MORE money down on your real estate deals now

And So Much More!

Links from the Show

Find Investor-friendly Tax and Financial Experts

BiggerPockets Real Estate 1071 - The Macro Analysis is Clear: Why We Are Reallocating (Away From Stocks) to Real Estate in 2025

Grab J’s Book, “Recession-Proof Real Estate Investing”

Jump to topic:

(00:00) Intro

(01:32) J’s Investment Portfolio

(04:14) Don’t Buy Real Estate?

(05:56) The 2025 “Asset Bubble”

(09:46) Why J is Selling

(17:31) Timing the Market, Worth It?

(18:38) 2025 Buying Opportunities

(27:06) Buy in Cash OR Hoard Cash?

(33:10) Put MORE Money Down

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-296

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Rising Rates: Wait to Buy, Invest Now, or Start Selling?

Thu, 13 Feb 2025 09:00:00 -0000

Interest rates are still rising even three years after the first rate hikes. So what should you do: wait to buy when rates are lower, sell the underperforming properties you have while prices are high, or keep buying in hopes you can refinance? We’re explaining what each of us is doing with our money during this seven-percent rate era, plus how to score a lower rate loan on rental properties most investors overlook.

How is James planning on doubling his money even with high rates? By bringing back a once-popular investing strategy, James is creating a win-win no matter what direction rates go. You can repeat this, too, if you know his plan. Kathy shares how you can lock in a lower mortgage rate by buying new construction, freeing up cash flow all while having close-to-zero maintenance costs.

Henry shares some advice on why now is a solid time to think about selling the properties you don’t love and why high home prices can work in your favor whether you’re flipping, BRRRR-ing, or buy-and-holding.

In This Episode We Cover

How to still invest in real estate during high interest rates (plus our exact 2025 strategies)

Why now may be the perfect time to sell the properties you’re tired of holding

Better buying opportunities for new builds and how to score a low interest rate on a new property

James’ plan to double his money (and create cash flow) with a refreshed type of BRRRR strategy

The type of loan that has BETTER rates than residential financing (but can be used for rentals!)

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

BiggerPockets Daily 1263 - Investors: Stop Worrying About Interest Rates—Here’s Why Right Now Is the Time to Buy

Pick Your 2025 Investing Strategy with Dave’s Book, “Start with Strategy”

Jump to topic:

(00:00) Intro

(03:02) Cash Flow Down, Prices Up

(07:58) Better Opportunity to Buy?

(12:26) Double Your Money with BRRRR

(21:24) Lower Rate Loans/Strategies

(26:23) “Debt Swap” Financing

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-295

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Could the Midwest "Startup Surge" Fuel Price Growth in These Cities?

Mon, 10 Feb 2025 09:00:00 -0000

A startup surge is coming, bringing lots of money, jobs, and housing demand with it. But this time, it isn’t Silicon Valley, Seattle, or Miami bringing in the angel investors and seed funding rounds…it’s the Midwest! This is no surprise—with lower home prices, higher affordability, favorable tax environments, and plenty of top universities, the Midwest could become a booming tech economy, but which cities will benefit most?

Austin Wolff is back on the show, bringing the data with him, and he brought Chicago-based investor and agent Dan Nelson to share which cities are the best bet for real estate investors.

We’re tackling the top five Midwest housing markets for startups, going through home prices, job growth, population growth, tax environment, and universities that could produce the educated employees startups rely on. Which markets could see killer appreciation (and cash flow) once this startup boom solidifies? We’re giving you the full list in this episode!

In This Episode We Cover

How the Midwest slowly became a haven for startups and tech companies

What makes a market “startup-friendly” and will lead to bigger business growth

The number one market with affordable home prices and great universities—but there’s one downside to watch out for

Midwest cities where you can still find high appreciation

Is this soon-to-be chip manufacturing city already overhyped by real estate investors?

The three markets we would buy rental properties in

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

5 Reasons the Midwest is Hands Down the Best Place to Invest

Midweststartups.com

Dan's BiggerPockets Profile

Join the Future of Real Estate Investing with Fundrise

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-294

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New Tariffs Mean Much More for Mortgage Rates Than You Think

Thu, 06 Feb 2025 09:00:00 -0000

Tariffs and trade wars could affect mortgage rates much more than most Americans think. You’ve heard on the news that tariffs on Canada mean higher gas prices, tariffs on Mexico mean a bigger grocery bill, and tariffs on China lead to electronics and appliances becoming even more expensive. However, as a real estate investor or homeowner waiting to refinance, the key number to watch for the impact of tariffs is interest rates.

Today, we’re breaking down how the tariffs will affect you, which prices will rise, which real estate investments will become even more costly, and how interest rates have been held hostage by tariff threats. If tariffs are contributing to the current high mortgage rates, could tariff concessions lead to lower rates? If President Trump can work out deals with trade partners, would this mean a cheaper mortgage payment?

We’re breaking down tariffs, trade wars, rising prices, and how they’ll affect your real estate investments.

In This Episode We Cover

New tariff update: which countries have reached a deal and which are currently tariffed

Why mortgage rates are surprisingly affected by tariffs and trade wars

Who pays the tariffs once they’re in place (most Americans have this WRONG)

A post-tariff inflation prediction and whether we’ll bump back to pandemic inflation levels

Trump’s two primary goals for imposing tariffs on Canada, Mexico, and China

And So Much More!

Links from the Show

On The Market 290 - Redfin: Tariff Fears Drive Up Mortgage Rates, Throwing 2025 Off-Track

Know the Numbers BEFORE You Invest with “Real Estate by the Numbers”

Jump to topic:

(00:00) Intro

(03:21) Tariffs Imposed, Now Paused

(05:26) Trump’s Tariff Goal

(07:48) Who Pays the Tariff?

(12:17) Inflation Prediction

(13:19) Which Prices Will Rise?

(16:49) Cars Could Cost Much More

(19:04) China's 10% Tariff Starts Now

(20:24) Big Mortgage Rate Effects

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-293

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Can America Resist a Global Recession? w/Moody’s Mark Zandi

Mon, 03 Feb 2025 09:00:00 -0000

With evidence of a global recession piling up, Americans have just one question—will we be affected? So far, everything is going well for the US. Job growth continues, unemployment is low, and asset prices are high, but with the global economy becoming increasingly interlinked, could a crash in Europe or Asia pull us down with them? Mark Zandi, Chief Economist of Moody's Analytics, has a contrarian viewpoint that defies the masses.

But Mark has bigger worries than a global recession taking down the US economy. We could be our own worst enemy as “tinder” for an interest rate fire begins to pile up, and the bond market may be more than ready to light it. Even with President Trump’s push for lower interest rates and the Fed pausing rate cuts, could we see mortgage rates fly up higher, defying the system meant to keep them in check?

Plus, what does DeepSeek’s entry into the AI race mean for the US economy? Could this cheaper, sleeker AI bring serious competition not only to the US AI market but also to chip manufacturers whose stock prices have been carrying the market to record highs? It’s a lot to unpack, but Mark does a phenomenal job laying it all out.

In This Episode We Cover

Whether the US’s strong economy could falter during the next global recession

DeepSeek’s threat to the US tech market and whether we’re facing another “dot-com bubble” scenario

Why interest rates are scarily close to rising again as the bond market gets increasingly frustrated

The catalyst for home prices to drop with so many “locked-in” homeowners

Are stocks way too overvalued with price-to-earnings ratios at record highs?

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

On the Market 285 - Bond “Vigilantes” Hold Interest Rates Hostage as Rate Cut Hopes Shrink

Mark’s X/Twitter

Grab the Book, “Recession-Proof Real Estate Investing”

Jump to topic:

(00:00) Intro

(00:44) An “Exceptional” Economy, But…

(04:53) Tariffs Could Cost Us

(08:13) Why America is Winning

(10:46) Global Recession?

(12:44) Massive Interest Rate Risk

(20:23) Could Home Prices Fall?

(23:30) DeepSeek Changes AI Race

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-292

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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3 Housing Market Trends That Will Shape 2025

Thu, 30 Jan 2025 09:00:00 -0000

Which real estate trends could make you wealthier in 2025? Every year, it’s something new. A few years ago, it was short-term rentals, then mid-term rentals and multifamily investing took over. Now, the housing market has changed once again, and those same real estate investing trends aren’t so hot. So, what can you invest in NOW that gives you the highest return on the market before other investors realize it?

Today, we’re touching on three housing market trends that will skyrocket in 2025. Two of these are investing strategies that are making savvy investors serious money, and one is something EVERY single investor (and homeowner) must be aware of, or you could be stuck with a property bleeding money.

We’ll talk about the increase in “density” investing exploding demand for one often-overlooked type of asset, what to do when your cash flow is low in the wake of rising expenses, and why the silver tsunami may become the cash flow tsunami for one specific property.

In This Episode We Cover

The one investment property that can make you $10,000 - $15,000 per MONTH in cash flow (it’s way smaller than you think)

Why local governments are pushing investors to build “dense” housing units

Is cash flow dead as expenses rise and rents stay stagnant?

Why smart investors are selling some of their properties that don’t meet THIS criteria

When James says to NOT build an ADU (or DADU) on your property

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

BiggerPockets Daily 1334 - A Wave of Zoning Law Changes Could Have Huge Impacts for Investors and Housing—Here’s What You Need to Know

Grab Dave’s Book “Start with Strategy”

Jump to topic:

(00:00) Intro

(00:38) "Density" Investing with DADUs

(10:54) Is Cash Flow Dead?

(19:08) Assisted Living Demand Explodes

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-291

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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Redfin: Tariff Fears Drive Up Mortgage Rates, Throwing 2025 Off-Track

Mon, 27 Jan 2025 09:00:00 -0000

Could Trump’s proposed tariffs be the reason for the recent rise in mortgage rates? Could this slow the housing market and cause affordability to get worse? What happens if rates stay higher for longer and more homebuyers get kicked out of the market? We’re talking to Redfin’s Chen Zhao about how tariffs will affect you and the surprising findings from a new homeowner survey foreshadowing something none of us wanted to see about housing inventory.

Tariffs could change many things: they could increase construction costs for houses, lead to higher inflation and higher mortgage rates, or put jobs back into American communities. Does the market believe the Trump administration will go forward with their flat tariff for most countries? Or will they pick and choose specific exporters within specific countries to tack a tariff onto?

Plus, why are sixty percent of homeowners planning NOT to sell their homes in the near future or…ever? If higher mortgage rates remain, will all those homeowners with low mortgage rates stay put without downsizing or moving, locking up housing inventory tighter than it currently is? It’s possible, potentially leading to long-term declines in real estate prices. But don’t worry, Chen breaks down the entire timeline.

In This Episode We Cover

Trump’s tariffs and the effect they’re having on mortgage rates

Redfin’s shocking new homeowner survey that points to more locked-up inventory

Is a real estate price correction coming? Why prices could slump after rising

Whether or not the market thinks Trump will go forward with vast tariff proposals

Why interest rates could stay higher for longer than many of us expected

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

BiggerPockets Daily Podcast 1263 - Investors: Stop Worrying About Interest Rates—Here’s Why Right Now Is the Time to Buy

Redfin: More Than One-Third of Homeowners Say They’ll Never Sell

Join the Future of Real Estate Investing with Fundrise

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-290

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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Deals Are HERE for These “Thawing” Real Estate Markets

Thu, 23 Jan 2025 09:00:00 -0000

The housing market is changing. Some once-hot markets are showing signs of becoming buyer's markets, giving you a better opportunity to snag your next real estate deal. With days-on-market growing but underlying fundamentals looking strong, this could be one of the best times to buy houses in cities that have phenomenal long-term potential but haven't heated up again to become seller's markets.

Why not skip the competition and buy in great markets beginning to cool? Today, we share some of the best markets to buy in, with the biggest investment opportunities. Data scientist Austin Wolff is back to talk about the "coldest" markets that have the best buying potential and some affordable cities that still have below-average home prices but well above-average housing market metrics.

We're talking about why these buyer's markets are suddenly emerging, Dave's favorite "cold" market with serious potential, Kathy's famous money-making market seeing massive job growth, and what to look for when buying in these (temporarily) chilled housing markets.

In This Episode We Cover

The new buyer's markets that boast solid housing market fundamentals

Why some of the nation's top markets are seeing days-on-market rise

Have homeowners finally accepted this new normal and are ready to sell?

Kathy's number one tip when buying and rehabbing older homes

The neighborhoods Dave's looking to buy in (long-term rent growth potential)

And So Much More!

Links from the Show

Grab the Housing Market Data from Today’s Show

Know the Numbers Before You Buy with “Real Estate By the Numbers”

Jump to topic:

(00:00) Intro

(02:15) Why Housing is “Thawing”

(05:24) Signs Your Market is Slowing

(11:00) Buyer’s Markets Emerge

(15:19) New Buyer’s Markets

(21:10) Dave's Favorite “Cold” Market

(23:40) Do This Before Buying

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-289

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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Investor Sentiment Quickly Turns as Home Sales Bottom, Inventory Rebounds

Mon, 20 Jan 2025 09:00:00 -0000

We’ve got great news for investors, agents, lenders, and first-time homebuyers: housing inventory is about to rise…big time. After years of limited inventory, with homebuyers fighting tooth and nail to get into just about any home, the tide is finally turning. Rick Sharga from CJ Patrick Company brings new data and insight to the show, sharing why we could return to pre-pandemic housing inventory levels by the end of 2025.

Why is that good news for so many of us? Because home prices could slow, if not drop, in some markets as buyers get a better selection of houses to choose from. Those “locked-in” owners with rock-bottom interest rates have waited long enough to sell, and 2025 could be the time they put their homes on the market. But if a new wave of inventory hits the housing market, are we at risk of a home price correction or a crash?

Rick shares what the data shows and why investors are so pessimistic about the current housing market, even with the inventory forecasts looking so good. Will foreclosures rise again as consumer debt hits an all-time high? Could more off-market deals be in the pipeline in 2025? We’re asking Rick and getting answers to all those questions in today’s show.

In This Episode We Cover

A historic housing inventory rebound and why this is great news for buyers, agents, and lenders

Whether home prices will grow, stabilize, or crash with so much new inventory coming online

The new Investor Sentiment Survey and why optimism fell off a cliff in Q4 2024

The single-biggest worry for rental property investors in 2025 and why it may get worse

How to still find motivated sellers even with foreclosures at low levels

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

BiggerPockets Real Estate Podcast 1065 - It’s About to Get Good! (2025 Housing Market Predictions)

CJ Patrick Company

Investor Sentiment Survey

Join the Future of Real Estate Investing with Fundrise

Jump to topic:

(00:00) Intro

(01:15) Housing Inventory to Rebound in 2025

(06:27) Home Price Growth to Slow

(08:45) Could Home Prices Crash?

(15:43) Investor Sentiment Falls

(21:53) Top Rising Cost for Rentals

(27:27) Foreclosure Deals?

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-288

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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Will These Be the 5 Best Real Estate Markets of 2025?

Thu, 16 Jan 2025 09:00:00 -0000

Will these cities become the best real estate markets of 2025? Norada Real Estate Investments, a turnkey real estate provider, thinks so. So today, we brought back data analyst Austin Wolff and short-term rental expert Garrett Brown to give their takes on the markets Norada is calling some of the hottest for this year. Some make complete sense to us, but we’re a bit cautious of others. That being said, the number one market on the list is one we can ALL agree with.

Austin and Garrett are on today to give both a long-term and short-term rental perspective. Some of these cities show tremendous economic growth, but will that be enough for an Airbnb to succeed in the area? Could stricter short-term regulations make long-term rentals a better option in these cities? We’re diving into each of the top five cities and giving our thoughts on which investments will work, which won’t, and whether we’d buy there.

Plus, the number one market on the list is getting us all very excited. With massive economic upside and fundamentals that make it great for long- and short-term rentals, this is one market every investor should watch closely—or even consider buying in.

In This Episode We Cover

Norada’s top real estate markets of 2025 (and whether we agree with them)

2025’s number-one real estate investing city that we are all extremely bullish on

Criteria you can use to judge any real estate investing area (economy, housing supply, etc.)

Why some of the top cities do NOT make good short-term rental markets

One city that is currently struggling but has tremendous future potential

And So Much More!

Links from the Show

Read Dave’s “2025 State of Real Estate Investing Report”

13 Real Estate Hot Spots You Won’t Want to Miss Next Year

On the Market 270 - 13 Real Estate “Hotspots” to Invest In (2025 Update) w/Austin Wolff

Norada’s Top Real Estate Investing Markets for 2025

Garrett's BiggerPockets Profile

Jump to topic:

(00:00) Intro

(03:44) 5. Phoenix, Arizona

(09:40) 4. Tampa, Florida

(13:29) 3. Austin, Texas (Really?)

(16:29) 2. Nashville, Tennessee

(24:13) The #1 Market Is...

(29:02) Other Top Real Estate Markets

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-287

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2025’s Massively Overlooked Real Estate Investing Opportunities

Mon, 13 Jan 2025 09:00:00 -0000

There will be some huge changes to the real estate market not only in 2025 but through 2028. With signs pointing to a supply slowdown, this may be one of the last chances to invest in real estate before prices, rents, and demand significantly rise. So today, right at the start of 2025, bringing on co-host and expert flipper James Dainard and multifamily expert (who correctly predicted the commercial real estate crash) Brian Burke to share the best strategies for 2025 and beyond.

Every year, more and more people say it’s not the right time to buy real estate, only for them to return the next year and wish they had purchased real estate. Let’s make sure that isn’t you in 2026. We’re seeing some massive opportunities, with substantial price cuts in multifamily. But that’s not all; there are single-family deals to be done in markets that the masses overlook entirely.

James and Brian even share what they’re trying to buy in 2025, the markets they think will have the best growth over the next ten years, and why you should be trying your absolute hardest to purchase investment properties before 2027 (we’ll get into why in the episode!).

Grab the “2025 State of Real Estate Investing” Report!

In This Episode We Cover

2025 housing market predictions and why we believe we’re entering a new “cycle”

The one investment strategy that works in ANY market and is best for 2025

Overlooked real estate markets (STRONG fundamentals) everyone is ignoring right now

Why multifamily may have even better deals to come this year (the crash isn’t over?)

The supply bottleneck we’re about to slam into in 2027 and how to take advantage in 2025

Most significant risks to real estate that we’re foreseeing for 2025 (and how to survive them)

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Grab the “2025 State of Real Estate Investing” Report

BiggerPockets Real Estate Podcast 1066 - The State of Real Estate Investing: What You Need to Know for 2025

Join the Future of Real Estate Investing with Fundrise

Jump to topic:

(00:00) Intro

(01:17) Has the Market Bottomed?

(10:06) Expectations for This New "Cycle"

(13:01) Keep Buying Rentals?

(15:48) Huge Multifamily Discounts

(22:02) Massive Buying Opportunities

(32:24) Biggest Risks to Real Estate

(38:41) What We're Buying in 2025

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-286

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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Bond “Vigilantes” Hold Interest Rates Hostage as Rate Cut Hopes Shrink

Thu, 09 Jan 2025 09:00:00 -0000

Interest rates are up yet again, even after multiple Fed rate cuts in 2024. What’s happening, and how long can this last? Bond investors worry inflation is here to stay. This concern forces bond yields—and mortgage rates—to grow. Can Jerome Powell and the Federal Reserve do anything to ease investors’ minds or do we have a long road of high rates ahead of us? We’re getting into it in this headlines show!

Don’t let rising rates stop you from building wealth; we have more stories that showcase an optimistic future outlook for real estate investors. From an incoming commercial real estate recovery that has been multiple years in the making to sellers finally submitting to the market and putting their homes up for sale, it’s not all bad news going into 2025.

One natural disaster-ravaged state finally puts its foot down and forces insurance companies to write policies in risky areas. Is this a much-needed government intervention, or will this shift the burden of high insurance costs onto investors and homeowners? We’re sharing our opinion in this episode!

In This Episode We Cover

The “bond vigilantes” that are keeping yields high and rates above seven percent

Why, even after multiple Fed rate cuts, interest rates continue to rise

The commercial real estate recovery and whether we’re at the bottom for this struggling asset class

Pricey home insurance premiums and the one state that’s forcing new policies to be written

Housing inventory updates and a sign that owners are finally ready to sell their low-rate homes

And So Much More!

Links from the Show

The Fed Cut Rates Again, But Could It Be the Last One?

Treasury yields end 2024 with biggest yearly surge since historic 2022 rout

California will require home insurers to offer policies in high-risk wildfire areas

Will 2025 be a pivotal year of recovery in commercial real estate?

Redfin Reports New Listings Rise 8%, Giving the New Year’s Buyers More Homes to Choose From

Run Your Real Estate Numbers the Right Way with Dave’s Book, “Real Estate by the Numbers”

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-285

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

Learn more about your ad choices. Visit megaphone.fm/adchoices

Prepare for Mortgage Rates to Sink, Home Prices to Rise Again (2025 Predictions)

Mon, 06 Jan 2025 09:00:00 -0000

Welcome to the 2025 housing market! It’s a new year, and if you’re ready to invest more, get closer to financial independence, or finally find and buy your first home, we’re here to help.

We’ve got BIG plans for 2025 and are watching some key economic indicators to help us decide what to do next. But we have already zeroed in on a few investments we’re eager to invest in. Curious about where we’re putting our money in 2025? We’ll share exactly where—and why!

We’re recapping our 2024 progress and giving you tips on what to buy based on your goals. Some of us are scaling down this year while others are scaling up, but we all have the same advice for someone who wants to get into the real estate investing game. If you follow this simple, repeatable path we’re laying down, you’ll be investing in no time.

Don’t let 2025 pass you by! You could regret sitting on the sidelines! Tune in, take notes, and let’s get wealthier together this year!

In This Episode We Cover

Why 2025 is already shaping up to be an excellent year for real estate investors and homeowners

Dave’s 2025 mortgage rate range and whether we’ll see some interest rate relief

The reason why home prices could still grow even with so many potential homebuyers sitting on the sidelines

Are foreclosures and mortgage delinquencies a threat to the housing market?

Why 2026 could be the year everything changes for rent prices (and what to expect in 2025)

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

BiggerPockets Real Estate Podcast 1041 - How to Invest in Real Estate in 2025 (with NO Experience)

Get Ready to Invest with Dave’s Book “Start with Strategy”

Jump to topic:

(00:00) Intro

(00:58) Are We at the Bottom?

(01:59) Mortgage Rate Prediction

(06:38) Home Price Growth Prediction

(12:04) Trump’s Taxes and Tariffs

(14:14) Rent Price Growth Prediction

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-284

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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The 2025 Housing Market is Here! (What to Watch Starting NOW)

Thu, 02 Jan 2025 09:00:00 -0000

Don’t let 2025 pass you by! You could regret sitting on the sidelines! Tune in, take notes, and let’s get wealthier together this year!

In This Episode We Cover

The easiest way for beginners to start investing in real estate in 2025

Key economic indicators we’re watching during the 2025 housing market

What strategies we’re switching up in 2025—and what won’t work this year

How to invest based on your goals and whether you should prioritize active vs. passive income

Our 2025 goals: how many properties we’ll buy, flip, or test with new strategies

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

On The Market 269 - 2025 Housing Market Predictions (+ How’d We Do Last Time?)

Grab Henry’s New Book, “Real Estate Deal Maker”

The House Flipping Framework

Scaling Smart

Start with Strategy

Jump to topic:

(00:00) Intro

(03:47) How to Start in 2025

(17:26) What to Buy (Based On YOUR Goals)

(22:51) Our 2025 Goals

(33:47) What We're Looking Forward To

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-283

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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What Happens When Rates Drop?

Mon, 30 Dec 2024 09:00:00 -0000

Are we finally at the end stages of this harsh housing market? With housing inventory increasing, mortgage rates steadily falling, and inflation cooling, we might be returning to a much healthier time to buy a house. But one of these improvements we’ve seen over the past year could begin reversing, and that’s creating some interesting future scenarios. One that even we’re surprised to hear as we bring on top housing market analyst Logan Mohtashami.

Logan has referred to 2022-2023’s housing market as “savagely unhealthy,” but he’s a bit more optimistic now that we’re seeing relief. While we’re still not at 2019 inventory levels (which were already low), we’re slowly getting there. However, we could see the positive inventory trend start to reverse, leading to even more affordability problems for homebuyers. So what has to happen for affordability to see meaningful improvement?

Today, Logan is giving us his take on housing inventory, where mortgage rates could be heading, and why we may NOT see a spike in home prices even if rates fall significantly (something most analysts are bullish on).

In This Episode We Cover

Logan’s housing market, mortgage rate, and inventory forecast

Why our increasing housing inventory could reverse once rates start to fall

The one thing holding affordability back and whether Logan has hopes of it improving

Why watching the labor market and jobs numbers will help you predict mortgage rates

Were we wrong about the “lower rates = higher home prices” premise?

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

On The Market 86 - Here’s What Will Cause Mortgage Rates to Finally Fall w/Logan Mohtashami

Learn More from Logan

Know the Ins-and-Outs of Real Estate with “Real Estate by the Numbers”

Jump to topic:

00:00 Intro

00:58 The "Baby Pivot" Stage

04:33 The Home Sales Recession

07:36 Housing Inventory Update

14:17 Rates Will Decline MORE If...

18:47 Mortgage Rate Forecast

23:35 When Will Affordability Improve?

27:53 Biggest Takeaways

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-282

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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4 Real Estate Investing Trends That Could Take Over in 2025 and Beyond

Thu, 26 Dec 2024 09:00:00 -0000

Which investing trends could make you wealthy in 2024? First, we had long-term rentals, then the BRRRR strategy, short-term rentals, medium-term rentals, syndications…the list goes on and on. And while trends come and go, acting on them at the right time could be your ticket to financial freedom. So, which trends are worth investing in this year, and which are dying out and should be avoided? We’re giving our takes on this episode.

Some of the trends in this episode are brand new—only with advanced technology have these investments even been made possible, but some are trends you may already be part of. From room rentals to very flexible commercial investments, Elon Musk’s new affordable housing, and a way to “build” your own one percent rule properties, these trends have gone mostly unnoticed but are sure to catch fire in the coming years.

But, some trends that exploded over the pandemic should be put to rest. These once cash-flowing investments reached their heyday in 2022 and 2023 and are slowly becoming lackluster (and often dangerous) investments for new investors. Which tactics are we talking about? Stick around to find out!

In This Episode We Cover

Future real estate investing trends that could offer BIG cash flow in 2024 and 2025

The flexible commercial real estate investment that online businesses rely on to survive

Kathy’s billion-dollar idea for a match-making app using this specific strategy

How to maximize your dollar per square foot by renting out PARTS of your property

The new smart homes that could finally solve the affordable housing problem

How to create the one percent rule (EVEN in 2024) by building your own rentals

Dying trends that are seeing low cash flow, high vacancies, and tough turnover

And So Much More!

Links from the Show

Top 10 Real Estate Markets for Cash Flow

Cash Flow For Rental Properties: What is Average or Good?

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-281

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Redfin’s 2025 Housing Market Predictions (Home Prices, Mortgage Rates, & More)

Mon, 23 Dec 2024 09:00:00 -0000

Redfin just released their highly-anticipated 2025 housing market forecast, and today, we’re reacting to each of their ten crucial housing market predictions. We’re touching on the exact numbers you want to hear about—home prices, mortgage rates, home sales, rent prices, and housing supply. Knowing what’s coming could give you an edge as an investor, agent, or first-time homebuyer.

First, we’re reviewing Redfin’s home price predictions for 2025. Will things get any more affordable, or will high home prices persist into 2025? Will mortgage rates finally reach the low sixes, maybe even into the high fives? Dave disagrees with Redfin’s take on interest rates, so where does he think they’ll be headed?

If you’re a real estate agent, broker, loan officer, or in the industry, listen up! Redfin has some good news you want to hear about home sales! Renters and landlords, take note—Redfin’s predictions suggest rents could become more affordable for everyday Americans. But that’s not all; we’ll also review their housing inventory, agent commission, and migration predictions for 2025!

In This Episode We Cover

Redfin’s notable 2025 mortgage rate prediction that most homebuyers DON’T want to hear

2025 home price forecast and whether or not we’ll continue to see prices climb

The “step in the right direction” for home sales coming in 2025

Why homebuilders are getting bullish thanks to the 2024 Republican sweep

Why Gen Z may be the first generation to give up on homebuying

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

On the Market 269 - 2025 Housing Market Predictions (+ How’d We Do Last Time?)

BiggerPockets YouTube

Redfin’s 2025 Predictions

The BiggerPockets Real Estate Podcast

Join the Future of Real Estate Investing with Fundrise

Jump to topic:

(00:00) Intro

(01:22) 1. Home Prices to Rise

(05:49) 2. Mortgage Rates Remain High

(10:15) 3. Home Sales Will Rebound

(13:36) 4. Affordable Rents?

(18:46) 5. More Homebuilding, But…

(21:58) Agent Commissions, Gen Z, and More

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Revealing ACTUAL Profits from Our 2024 Best Real Estate Deals

Thu, 19 Dec 2024 09:00:00 -0000

If you didn’t buy real estate in 2024, you missed out. While all the YouTube crash bros and mainstream media were hyping up how overpriced the real estate market is, we were out buying deals—and we bet many of you were, too! So, as we wind down 2024, we’re looking back on the best real estate deals we did this year and how 2024 turned out to be a much more profitable investing year than any of us would have expected.

For some of us, 2024 was our best year yet for real estate investing! One of us made half a million dollars (yes, $500,000+) on a single real estate transaction. We picked up on-market deals for fifty percent off (while the competition completely overlooked them) and sold house flips for higher-than-asking-price as buyers returned to the market.

We’re sharing our actual profit numbers, exactly how much we bought (and sold) some of these properties for, and the tactics we used to beat the masses. If you didn’t invest in 2024, don’t miss out again in 2025—there are still plenty of great opportunities waiting!

In This Episode We Cover

Why 2024 was a surprisingly good year for real estate investing (we’re proof!)

The “goldmine” property that resulted in a $500,000+ profit

The trick Henry used to get WAY more bidders on his house flip and sell for over-asking price

Why Dave makes offers on houses during the holiday season to get HUGE discounts

The tax “loophole” (if you want to call it that) that Kathy used to get a $100,000 write-off!

And So Much More!

Links from the Show

BiggerPockets Daily 1135 - 30 Ways Find Good Real Estate Deals In 2024

Learn to Flip Just Like James With His New Book, “The House Flipping Framework”

Jump to topic:

(00:00) Intro

(02:10) $70K Profit Home Run Flip

(11:52) Saving $100K in Taxes!

(17:36) Grandma’s GOLDMINE (Unbelievable!)

(25:03) 50% Discounted On-Market Deal

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“50% Price Cuts!” and Other Outrageous Housing Crash Clickbait w/Jeb Smith

Mon, 16 Dec 2024 09:00:00 -0000

Ever seen those YouTube videos titled “A housing crash is coming THIS year!” or “Prices are falling 50% in *insert state*”? If so, you’re not alone. There’s so much housing market clickbait being thrown at you daily that it’s hard to distinguish the actual data from the “expert takes” only done for clicks. So today, we’re breaking down some of the most hyped housing market takes from YouTube, examining the data they’re using, and giving our thoughts.

To join us is Jeb Smith, a real estate broker associate with over 18 years of experience and a fellow YouTuber who’s just as tired as we are of the constant “crash bros” populating your YouTube homepage.

Together, Dave and Jeb are breaking down a couple of recent videos, one talking about the “50% price cuts in California” and a “major housing crash,” as well as one video anticipating that “all hell breaks loose” come this December (wait, isn’t it December already?)

Together, our goal is to ensure you never get fooled by easily manipulated data so you can make the best investing decisions.

In This Episode We Cover

The “major housing crash” coming to California and whether there’s truth in this

Why one real estate media channel thinks all hell will break loose soon

Demystifying the data behind the real estate “crash bros” on YouTube

Whether Jeb believes home prices will rise (or fall) in the coming year

Housing market data that WE trust to make our real estate predictions, forecasts, and investing decisions

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

On The Market 128 - The Worst Real Estate Investing Advice

Jeb's BiggerPockets Profile

Connect with Jeb:

Jeb's YouTube

Jump to topic:

(00:00) Intro

(01:08) “Major California Housing Crash!”

(12:58) The Truth About California

(20:19) “All Hell Breaks Loose!”

(30:27) Don’t Get Fooled by This

(33:54) Debunking the Clickbait

(39:11) Connect with Jeb!

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NAR Hit with Another Blow After Shocking “Donation” Discovery w/NYT’s Debra Kamin

Thu, 12 Dec 2024 09:00:00 -0000

Disclaimer: Opinions expressed in this episode and written below are solely opinions of the hosts, guests, and writers and do not reflect the views of BiggerPockets.

Is it about to get even worse for NAR (National Association of Realtors)? After a ground-breaking agent commission lawsuit settlement forced the organization to pay out hundreds of millions, NAR has been on thin ice. They had just come off of a massive change in leadership, with some executives facing sexual harassment accusations, only to have the spotlight put on them once again. But it’s not over.

A new investigative piece from The New York Times reporter Debra Kamin uncovers a web of hidden donations to political groups that many NAR members aren’t aware of. NAR, the largest lobbyist group in the country, is well-known for donating to political causes that benefit their industry. However, it seems those donations heavily lean to one side of the political spectrum.

So, is this a problem? Could it even be illegal? Debra reveals that many of these donations go to groups unrelated to real estate, leaving some members frustrated with how their dues are being spent. Could this be the final blow to NAR, paving the way for more competition among real estate agent organizations? Debra is on to break the story.

In This Episode We Cover

The new investigation on where NAR “donations” and member dues are going

NAR’s recent turmoil with massive lawsuits, sexual harassment accusations, and more

What do realtors think of their dues being spent on fringe political causes?

The future of NAR and whether they’ll recover from their recent internal challenges

A new DOJ (department of justice) investigation into NAR and whether members will leave

And So Much More!

Links from the Show

Read the Full Article

Join the Future of Real Estate Investing with Fundrise

On the Market 197 - NAR Finally Faces Competition: Is the Agent “Monopoly” Over? w/Jason Haber and Mauricio Umansky

On the Market 201 - Breaking: NAR Settles for $418M, Buying and Selling Homes Could Change Forever w/The New York Times’ Debra Kamin

Grab the Book “SOLD: Every Real Estate Agent’s Guide”

Jump to topic:

00:00 Intro

01:30 NAR Turmoil

03:46 The Largest Lobbyist Group

08:53 Quietly Funding Political Causes

14:17 Is This Illegal?

17:29 What Realtors Think

20:40 The Future of NAR

26:58 Read the Full Story

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-277

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“Return to Office” Could Change the Housing Market, But Not How You’d Think

Mon, 09 Dec 2024 09:00:00 -0000

“Return to office” mandates from the tech and finance industries are coming rapidly. But they’re not just going back to the downtown areas. Return to office (RTO) calls could cause a surprisingly beneficial boost to suburban areas, even as employees are forced back into the office. This has enormous effects on landlords and real estate investors, as the hottest place to own a home might actually be somewhere outside of the city center.

Matt Reidy, Director of CRE Economics at Moody’s Analytics, joined us to give a full update. Matt talks about the potential office comeback that could be taking place and the one type of office investment that is outperforming the rest. However, office vacancies are still at an all-time high, and companies are starting to get creative. Could a move into the suburbs help entice employees by keeping commute times minimal?

This could be great news for residential investors outside the cities, as “live, work, play” environments could become a hot commodity.

In This Episode We Cover

Why more companies are looking for suburban offices to win back employees

The revival of downtowns and why they’re growing, even with high office vacancy

One type of office investment that’s outperforming the competition significantly

Rent price growth predictions for 2025 and 2026

Whether office work is here to stay or the “hybrid” model will become the new norm

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Good News For Investors—Commercial Real Estate is Finally Catching a Break

Home Sales Rise, Investor Purchases Shrink, and ANOTHER Commission Lawsuit!?

Thu, 05 Dec 2024 09:00:00 -0000

Are we in store for another agent commission lawsuit battle? Why are home sales spiking right after the election? And guess what…it’s not investors buying up all the houses this time. We’re getting into the biggest housing market news in today’s headlines episode! Plus, we’re sharing exactly what you need to do TODAY to still get real estate deals done, even with high interest rates and higher home prices.

Home tours are surging after the election as potential homebuyers breathe a sigh of relief knowing that 24/7 election coverage has finally ceased. But it’s not the investors who are coming back to buy the houses. Investor purchase numbers are falling, so why are landlords sitting on the sidelines this time?

And say it ain’t so…another real estate agent commission lawsuit could be on the way as the Department of Justice finds faults in the NAR settlement. What does this mean for agents, brokers, and realtors? Will an easily browsable listing site like Zillow take over in place of real-life realtors? Some worry a Zillow “monopoly” could be forming. We’re sharing what we think in this episode.

In This Episode We Cover

Why home sales are starting to jump after the 2024 presidential election results

The future of agent commissions and whether they could be regulated even more

The Zillow “monopoly” that some worry will overtake the NAR (National Association of Realtors)

What’s causing investor purchases to shrink since the pandemic?

Where James and Kathy see investing opportunity in the 2025 housing market

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Join BiggerPockets for FREE ?

On The Market Podcast 201 - NAR Settles for $418M, Buying and Selling Homes Could Change Forever

Pending Home Sales Rise After Post-Election Surge in Home Tours

The battle against 6% broker fees isn’t over after a surprise 11th hour court filing

Zillow’s Takeover of the Real Estate Industry: The Path to Monopoly

Investor Home Purchases Plateau After a Pandemic-Era Rollercoaster Ride

Join the Future of Real Estate Investing with Fundrise

Jump to topic:

(00:00) Intro

(00:58) Post-Election Home Sales JUMP

(09:56) Another Agent Commission Lawsuit?

(18:07) The Zillow “Monopoly”

(21:44) Investor Sales Shrink

(34:10) Stick Around for This!

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-275

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HousingWire’s 2025 Housing Market Predictions: Rates, Prices, and More

Mon, 02 Dec 2024 09:00:00 -0000

It’s the season for housing market predictions, and we know who to call! Altos Research and HousingWire’s Mike Simonsen joins the show to share where his team thinks mortgage rates, home prices, housing inventory, and buyer demand will be in 2025. Every year, the HousingWire team puts together a phenomenal housing market forecast, touching on the topics investors, agents, lenders, and housing nerds care about while recapping the wildest surprises of the year prior.

Will mortgage rates finally fall below six percent in 2025? Will home prices dip with housing inventory up a substantial percentage year-over-year? And could agents and lenders finally get some relief with home sales, or will we still see sluggish purchasing and buyer activity? Not to spoil it, but Mike is optimistic about the 2025 housing market and what will come over the next twelve months.

Mike breaks down each prediction and what could affect YOU the most, whether you’re buying or selling homes. Plus, he shares the one metric his team is watching carefully to see which direction the 2025 housing market is headed.

In This Episode We Cover

HousingWire’s 2025 housing market forecast and 2024 housing market recap

The mortgage rate range you can expect over the next twelve months

Home price growth and exactly how much the HousingWire team expects in 2025

Why housing inventory is starting to climb again (and whether it will continue in 2025)

One metric Mike and his team are paying very close attention to in 2025

The market’s reaction to the 2024 election and President-Elect Trump’s win

And So Much More!

Links from the Show

On The Market Podcast 269 - 2025 Housing Market Predictions (+ How’d We Do Last Time?)

HousingWire’s 2025 Housing Market Forecast

Get Ready to Invest in 2025 with Dave’s Book, “Start with Strategy”

Jump to topic:

(00:00) Intro

(01:05) Biggest Surprise of 2024

(03:17) Housing Inventory Up 27%!

(08:42) American Migration Freezes

(12:57) 2025 Mortgage Rates

(16:46) More Homes on the Market?

(18:20) Post-Election Housing Market Changes

(27:08) Home Price Forecast

(27:49) One Thing to WATCH

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-274

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The Housing Market is Changing (Deals Are Coming in Winter)

Thu, 28 Nov 2024 09:00:00 -0000

Discounted real estate deals could be coming THIS winter as the housing market begins to “thaw.” Today, Dave is flying solo, bringing you a housing market update on all the crucial factors real estate investors are looking at—home prices, mortgage rates, housing supply, and rent prices. Even with home sales falling by a massive margin, home prices are still at all-time highs, and the housing market is “stuck,” but we could see some sellers taking price cuts this winter if you’re willing to take advantage.

Okay, but how can home prices still be THIS high when the total home sales are twenty percent lower than average and around fifty percent under the recent highs? It’s simple—affordability struggles. High rates, high prices, and “locked-in” homeowners staying in place keep the market frozen. So, why does Dave believe sellers will be more inclined to drop their prices this winter? Where does he believe interest rates will be by the end of the year? And what’s the one thing that could get the housing market “unstuck”?

In This Episode We Cover

Why Dave believes real estate deals are coming THIS winter

Mortgage rate predictions and how low rates could go by the end of this year

Whether to buy now or wait for affordability to improve, prices to drop, and rates to fall

Why home prices are still rising EVEN with homebuyer demand plummeting

The MASSIVE drop in home sales since the pandemic boom and why prices have remained high

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Shop the BiggerPockets Bookstore Black Friday SALE

On The Market Podcast 255 - The Fed Finally Cuts Rates, but Will It Even Matter?

Nearly A Quarter of Prospective First-Time Homebuyers are Holding Off Until After the Election: Redfin Survey

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-273

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What Does Trump’s Economy Mean for the Housing Market?

Mon, 25 Nov 2024 10:00:00 -0000

Did economic sentiment decide the 2024 presidential election? For many Americans, the economy was top of mind when deciding who to vote for in this past election. With inflationary worries, high home prices and mortgage rates, and general unaffordability, many Americans chose President-Elect Trump to turn the economy around. So, what does the housing market look like under Trump’s economy? And how will proposed changes (like tariffs) influence home prices?

Matthew Walsh from Moody’s Analytics is on to give us some context about consumer sentiment, future home prices and mortgage rates, and what tariffs mean for the average American. Matthew brings up a good point: Even with inflation steadily declining, most Americans are still experiencing sticker shock due to our constant comparison of pre-pandemic pricing. Even with the economy doing well, it’s easy to understand why Americans feel in a worse spot than five years ago.

So, with inflation cooling, will housing affordability catch up? A big part of affordability is mortgage rates, and with the Fed cutting rates, are we on the cusp of a return to (somewhat) normalcy? Matthew shares the shocking statistic on what mortgage rates would have to be for us to reach 2019 levels of affordability. Finally, we’re talking about tariffs and how higher prices for homebuilding could translate to your final home price.

In This Episode We Cover

Consumer sentiment and how American finances influenced the 2024 presidential election

How low mortgage rates would have to go for us to get back to 2019 affordability levels

What Trump’s tariff proposal means for homebuilders and home prices

Moody’s 2025 and 2026 home price appreciation forecast

Why mortgage rates aren’t falling even after the Fed lowered their federal funds rate

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Opinion: There Could Be Financial Risks Under a Trump Presidency—Here’s How to Hedge Against Them

Moody’s Analytics

Join the Future of Real Estate Investing with Fundrise

Jump to topic:

(00:00) Intro

(01:18) Consumers Are Anxious

(04:02) The Inflation "Disconnect"

(11:50) Will Homes Ever Be Affordable Again?

(14:40) Home Prices Could Stagnate

(22:28) The Tariff Effect

(29:14) Still Undersupplied in 2025?

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-272

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Can Trump Push Jerome Powell Out of the Fed? w/WSJ's Nick Timiraos

Thu, 21 Nov 2024 10:00:00 -0000

Has the Federal Reserve gone too far? Many Americans are critical of the Fed’s move to raise interest rates sharply, pause for years, and then slowly start implementing rate cuts. The arguably most prominent critic of the Fed? President-Elect Donald Trump, who, shortly after nominating the current Fed chair, Jerome Powell, reversed his opinion on whether Powell was the right person for the job.

Now, with Trump coming back to the White House, Powell’s job hangs in jeopardy—or does it? Can a President fire the Fed chair? Does the President have the authority to influence how the Fed operates? What would happen if Trump decided to go after Powell and request his resignation? Nick Timiraos, reporter at The Wall Street Journal and Federal Reserve expert, is on to answer these questions.

Nick gives us the latest update on rate cuts, where the Fed is headed, how the future of the Fed looks with Trump back in office, and why some politicians champion “Fed Independence,” while others argue that Fed power has overstepped its bounds. Are Trump and Powell more aligned than they think, and is this government drama all talk? We’re getting Nick’s expert viewpoint on it all.

In This Episode We Cover

Why “Fed Independence” could actually be a crucial piece to keeping the economy stable

Whether or not Trump has the authority to fire and replace a Fed chair

Future rate cuts, inflation concerns, and the Fed’s latest “signal” on rates

Powell’s simple response when asked if he would resign because of Trump’s request

Why the Fed does NOT have to answer to the President (and is this a good thing?)

Trump’s proposed tax and tariff policies and why they could challenge the Fed

And So Much More!

Links from the Show

Trump May Consider Shaking Up the Federal Reserve If Elected—Here’s What That Could Look Like

Nick’s WSJ Articles

Join the Future of Real Estate Investing with Fundrise

Jump to topic:

(00:00) Intro

(00:32) Latest Fed Meeting Update

(02:21) More Rate Cuts Coming?

(04:23) Can Trump Change the Fed?

(08:02) Is the Fed Above the Law?

(15:59) Can Trump Fire Powell?

(18:09) What Happens Next?

(24:02) Trump's Tricky Policies

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-271

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13 Real Estate "Hotspots" to Invest In (2025 Update)

Mon, 18 Nov 2024 10:00:00 -0000

When you look at the “Hottest Real Estate Markets” lists from major publications, they often miss many crucial factors that truly make a market worth investing in. So, after getting tired of seeing the same cities repeatedly, we decided to make our own “Real Estate Hotspots” list, touching on the areas that are PRIMED for growth with plenty of appreciation and cash flow potential for landlords. We’re sharing all thirteen cities today!

Our two favorite market pickers, Kathy Fettke and Austin Wolff, are back on the show to share their opinions on these top markets. Austin has spent hours and hours compiling this list, looking at not just population growth but income growth, job growth, GDP per capita, and more leading indicators that point to great real estate investing markets.

Some of the top picks on this list truly surprised us, but the data points to these thirteen cities as some of the best places to buy in 2025. We’ll also talk about the overrated markets that may be past their prime and some nearby options that could make solid real estate investments for the long term!

In This Episode We Cover

The thirteen real estate investing “hotspots” for 2025 that investors should pay attention to

A very surprising top city that seems to keep on growing EVEN after some solid appreciation

The “satellite cities” that siphon off big city growth for a fraction of the cost

Cash flow hotspots that still boast affordable prices with solid rent-to-price ratios

The one Texas city that many investors forget about but is still growing fast (definitely not Austin)

Cities that DIDN’T make the list and are constantly overhyped by the media

And So Much More!

Links from the Show

13 Real Estate Hot Spots You Won’t Want to Miss Next Year

Deal Finder

Market Finder

Analyze Real Estate Like the Pros with “Real Estate by the Numbers”

Jump to topic:

(00:00) Intro

(03:23) Real Estate “Hotspots”

(08:26) Phoenix, Arizona

(13:39) Colorado Springs, Colorado

(17:03) Cash Flow Hotspots

(22:05) Top 5 Cities

(24:07) Overrated Cities

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-270

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2025 Housing Market Predictions (+ How’d We Do Last Time?)

Thu, 14 Nov 2024 10:00:00 -0000

It’s what you’ve all been waiting for—our 2025 housing market predictions! We’re sharing where we think home prices, interest rates, and real estate will be over the next year. But we’re not just talking about 2025. We’re also going BACK and reviewing our 2024 housing market forecast, painfully detailing each part we got wrong and congratulating whoever got their predictions right. But how did top real estate companies like Zillow perform on their forecasts? Don’t worry; we’re rating their predictions as well!

Last year, some of us thought home prices would decline year-over-year, while others were confident we’d still see rising prices. We also had surprisingly accurate mortgage rate predictions, so does that mean we could be right for 2025, too? Stick around to find out! Plus, we’re sharing where we think will become the country's best real estate investing markets and naming the cities we believe have the best potential for building wealth!

In This Episode We Cover

Updated 2025 housing market predictions and where home prices and mortgage rates could go

How we (and Zillow!) did on our 2024 housing market forecast (plus what we got WRONG!)

Real estate markets that have the most investment potential in 2025

Why we’re all becoming bullish on lower mortgage rates, EVEN with persistent inflation

Did we ever actually make it into recession territory in 2024?

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

On The Market Podcast 163 - 2024 Housing Market Predictions: Home Prices, Interest Rates, & Opportunities

Grab James’ New Book “The House Flipping Framework”

Jump to topic:

(00:00) Intro

(02:38) Zillow's 2024 Predictions

(11:32) Home Prices

(14:33) Recession Risk

(16:23) Mortgage Rates

(17:23) Best Markets to Invest

(20:03) 2025 Home Price Predictions

(23:48) 2025 Mortgage Rate Predictions

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-269

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Can You Afford the American Dream?

Mon, 11 Nov 2024 10:00:00 -0000

The American Dream was once an everyday reality for most Americans. Now, it’s seemingly impossible for even high-income-earning households to achieve. What went wrong, and is it still possible for financially savvy families to realize the American Dream? A new article dissecting the cost of the American Dream shows that the white picket fence, single-family home, and two new cars cost significantly more than you might think.

In this episode, we’re going over the eye-watering costs of the American Dream, the income you’ll need to achieve it, and why most Americans may never get there. But, as financially independent podcasters, we’re living proof that you don’t need everything this article describes to reach financial freedom. We’re sharing what you might want to give up to achieve your version of the American Dream.

From college costs to raising kids, buying cars, and purchasing a home, we’ll walk through the costliest factors of the American Dream—and some good news, as one big expense is actually getting cheaper.

In This Episode We Cover

The astronomical cost of achieving the American Dream in 2024

What you should give up if you want to reach financial freedom faster

The household income you have to make if you want to achieve the American Dream

Why so many Americans are struggling with rising costs but stagnating wages

One significant expense that’s getting surprisingly more affordable

The things we’ll never give up spending money on (even if it sets us back)

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

The American Dream Now Costs $4.4 Million

The American Dream Trap: Maneuvering Major Expenses in Your Financial Adventure

Reach Your American Dream Faster with “Set for Life”

Jump to topic:

(00:00) Intro

(01:20) The Cost of The American Dream

(04:01) Housing Costs

(05:14) BIGGEST Cost to Americans

(06:43) Kids Are Too Expensive

(08:28) Cars Cost SO Much

(10:15) How Much Do You Have to Make?

(15:42) You NEED to Make More Money

(19:53) What to Give Up

(23:43) Some Good News

(25:22) We WON’T Sacrifice THIS

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-268

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Investments Outperforming Rentals That Only the Elite Know About

Thu, 07 Nov 2024 10:00:00 -0000

Most people are missing out on what could be the best real estate investments of 2025. Why? Most investors don’t even know about them or have never had access to invest in them before. Today, we’re talking to Fundrise CEO Ben Miller about how he’s taking these once elite-only investments and making them available for the average investor. These investments, for the most part, beat out regular rental properties with sizable returns and way less work. So, what’s the catch? Is there a catch?

If you want to get ahead of the curve and know the investments that smart money (managing BILLIONS of dollars) is making, our interview with Ben truly delivers. We’re getting into how “debt” investors are making serious money off of lending to real estate investors (just like you) and the almost unbeatable returns they’re collecting, plus the new type of investment Fundrise is opening up for regular investors. This is a first, as everyday investors have seldom been able to break into this asset class.

Finally, Ben gives us his outlook for the 2025 economy and why he’s feeling a bit anxious, even with so many economic factors falling into place for a soft landing.

In This Episode We Cover

The one real estate investment making regular double-digit returns with significantly less work

Why housing inventory could shrink even with our massive multifamily “oversupply”

The “securitized” real estate elite investors used to have a monopoly on (you can get in on it now)

Venture capital and why Ben is bullish on AI companies for 2025 and beyond

The surprisingly solid state of the economy and why Ben feels anxious (and you might, too)

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Is Now a Better Time to Invest in Real Estate Debt or Equity?

Ben's BiggerPockets Profile

Grab the Book on Private Money Lending “Lend to Live”

Jump to topic:

(00:00) Intro

(01:41) What to Invest In NOW?

(04:40) Housing Inventory Will Shrink

(08:20) Less Risk, Way Higher Returns

(15:01) "Securitized” Debt Explained

(18:22) What Can “Normal” Investors Do?

(20:52) Venture Capital Investing for All

(26:12) Optimistic for 2025?

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-267

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Rates Surge Back Up as the Election “Slowdown” Hits Housing

Mon, 04 Nov 2024 10:00:00 -0000

Everyone is awaiting the 2024 presidential election results—especially homebuyers. As mortgage rates rise again, potential homebuyers are sitting on the sidelines, hoping that the next president could make it a little easier to purchase a house. Is this housing market slowdown just a temporary phenomenon before the biggest political event of the past four years, or could this last well into the winter? We’re covering it on this headlines show!

Could a “Trump trade” push bond yields up and mortgage rates as well? Some economists are betting that a Trump presidency would mean higher mortgage rates. We’ll also talk about California’s Prop 33, which, if passed, could allow more stringent rent control on landlords in the Golden State. With rising costs for property owners, could this lead to landlords selling their rentals to escape California’s tenant-friendly laws?

If you want to escape the election cycle, we’ve got you covered. Our last story touches on the best companies for career growth, and if you’re trying to up your skills (and your income) next year, applying for a job at any of these companies could help you!

In This Episode We Cover

The pre-election housing “slowdown” and why many homebuyers are pausing on purchasing

A new mortgage rate update and what’s causing rates to rise back to seven percent

The “Trump trade” and why economists are worried it could push bond yields up

California’s newest rent control proposition and what it means for landlords in the state

The top companies for career growth in the United States (grow your income!)

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Proposition 33 Ignites Fierce Debate Over California Rent Control Laws

Do Elections Affect the Housing Market? Here's What Experts Say

Real estate in for a fright as mortgage rates return to 7%

Proposition 33 Ignites Fierce Debate Over California Rent Control Laws

These Are The Best Companies For Career Growth, Ranked

Join the Future of Real Estate Investing with Fundrise

Jump to topic:

(00:00) Intro

(01:01) Pre-Election Housing “Slowdown”

(13:03) The “Trump Trade”

(16:48) Prop 33 Rent Control?

(24:15) Best Companies for Career Growth

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-266

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Why the True Cost of an Eviction Is (Much) Higher Than You Think

Thu, 31 Oct 2024 09:00:00 -0000

Evictions suck—for everyone. They’re bad for the property owner, the tenant, and America as a whole. On the lowest end of the spectrum, evictions cost Americans over $14,000,000,000 (that’s BILLION) per year. With this massive sum spent on court fees, attorneys, moving trucks, and lost rent, how do we STOP evictions before they happen? What can landlords do to ensure they NEVER have to kick out another tenant for nonpayment? Today, we’re discussing the true cost of evictions and how to avoid them.

We’ve brought our own Market Intelligence Analyst, Austin Wolff, back to the show to share how much evictions cost for the landlord, how much they cost to the tenant, and how much they cost society. We’re breaking down which costs hurt real estate investors the most during the process and how long it may take you to get a non-paying tenant out of your house.

Once you’ve been seriously sticker-shocked by the price of an eviction, James brings us some actionable steps he uses daily to avoid evictions at his rentals. He recently had one of the worst evictions, costing him SIX FIGURES. He shares what to do so this DOESN’T happen at your investment property, plus the type of rental you can provide that attracts the highest-quality tenants.

In This Episode We Cover

The astronomically high cost of evictions in the United States

How long evictions usually take, and why they often drag out months (or even years)

The cost of an eviction to a tenant and the fees they have to pay once they’re forced to leave

How to avoid evictions from the start by following some quick tips from James

The key to maintaining a high rent collection rate in your rental portfolio (fewer evictions)

What to do if you inherit tenants you suspect WON’T pay once you purchase the property

Overall economic impacts of evictions and why we MUST reduce them

And So Much More!

Links from the Show

6 Strategies That Help Landlords Avoid Evictions

Grab “The Book on Managing Rental Properties”

Evicted Book

Jump to topic:

(00:00) Intro

(02:23) Most Expensive Eviction Ever?

(05:23) Cost/Time It Takes to Evict

(14:11) The Cost to Tenants

(18:57) Serious Economic Effects

(22:47) How to Avoid Evictions

(29:44) Inheriting Tenants (What to Do)

(32:09) Astronomical Total Costs

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-265

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Rich Boomers, Broke Millennials, and Ambitious Gen Z Fight for Housing

Mon, 28 Oct 2024 09:00:00 -0000

Which generation is taking control of the housing market? With Baby Boomers sitting on an enormous amount of equity-based wealth, younger generations now have to do their part to get in the game, but who is faring best? Gen Z is hungry to get into homeownership, but with their high cost of living, credit card and student debt, and low affordability, will they be a forever-renter generation? What about Millennials, many of whom were financially shell-shocked after leaving college and entering the workforce during the Great Financial Crisis? And don’t worry, Gen X, we didn’t forget you (even though almost everyone else did).

Today, Dave and each of our experts have taken one generation to report on. We’ll talk about Gen Z, Millennials, Gen X, and Baby Boomers—how much wealth they hold, their debts, whether or not they’re buying houses, and how they could affect the future housing market. Plus, we’ll touch on the financial mentality behind each generation and whether or not they have what it takes to become homeowners.

Finally, will the “Silver Tsunami” ever happen when Baby Boomers pass away and the flood of Boomer-owned houses hits the market? We’ll discuss the likelihood of this happening and whether or not the growing trend of “aging in place” could keep our housing inventory at rock bottom.

In This Episode We Cover

Why Gen Z is so poised to start buying real estate (but will they be able to?)

The Baby Boomers’ massive amount of equity wealth that may benefit the future generations

The largest generation of homebuyers that is still actively looking for places to live

Why this “forgotten generation” might be one of the wealthiest to come

The chance of a “Silver Tsunami” and what happens when Boomers pass down their housing wealth

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Grab Henry’s New Book, “Real Estate Deal Maker”

Boomers Hoard Houses, Millennials Struggle to Buy, But Gen Z Gets Ahead

Jump to topic:

(00:00) Intro

(02:58) Gen Z - The Renter Generation

(10:47) Millennials - The Homebuyer Generation

(16:51) Gen X - The Forgotten Generation

(26:18) Baby Boomers - The RICH Generation

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-264

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If You Feel Like We’re in a Recession, Listen to This w/Nicole Lapin

Thu, 24 Oct 2024 09:00:00 -0000

Does it feel like we’re in a recession? People are constantly discussing layoffs, many Americans are in credit card debt, home ownership seems unachievable, and you probably feel like you should be making more money based on how expensive everything is. But, on the other hand, inflation is down, stocks are up, and unemployment is still (relatively) low. This is what Nicole Lapin would refer to not as a recession but a “vibecession;” it feels like we’re in a recession, even if we aren’t.

As a renowned journalist, author, and money-minded podcast host of Money Rehab, Nicole is one of the best in the industry to come on and explain the state of the American consumer, why they feel so negative toward the economy, and what good news we have going into 2025. Nicole is breaking down exactly why Americans feel so disconnected from our growing economy and the reason consumers are getting frustrated.

But it’s not just bad vibes (okay, enough with the Gen-Z verbiage); there are “bright spots” in the economy that few are paying attention to. These data points come close to proving that we may be out of recession territory and confirm that the Fed did achieve its “soft landing.” Are we on our way to finally feeling good about the economy again?

In This Episode We Cover

Why it feels like we’re in a recession even though the economy is growing

The disconnect between men and women and who’s more optimistic in 2024

Did the Fed actually achieve their soft landing and an inflation rate update

The good news on wage growth (with a BIG caveat)

Rising credit card debt and whether or not this is a precursor to economic crisis

The “bright spots” in the economy that point to some good news for Americans

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Here’s What the U.S. Consumer Tells Us About the State of the Economy

Money Rehab

Thinking, Fast and Slow

WSJ: The State of America’s Wallet

Build Wealth in Any Market Cycle with “Recession-Proof Real Estate Investing”

Jump to topic:

(00:00) Intro

(01:50) Welcome to the "Vibe-cession"

(05:18) Men vs. Women Economic Sentiment

(06:59) Wages Grow, But...

(10:56) Consumer Debt is Climbing

(16:23) GOOD News for the Economy

(18:42) Hope for Average Americans

(21:39) Where is the Economy Headed?

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-263

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

Learn more about your ad choices. Visit megaphone.fm/adchoices

3 of the Cheapest Places to Buy a House (That We Would Invest In)

Mon, 21 Oct 2024 09:00:00 -0000

Housing affordability in America is the lowest it’s been in forty years. Every year, there are fewer and fewer affordable places to buy a house, and many of the cities that used to be affordable have become so popular that they’re now the pricey ones. Are there any affordable housing markets left, and if so, which ones should investors pay the most attention to? We did a new data analysis on American housing markets to bring the exact list to you today.

Austin Wolff, our own BiggerPockets market intelligence analyst, spent some time analyzing housing markets that not only have job, population, and wage growth but also have affordable home prices perfect for investors. Today, he’s sharing this new list, along with some of the least affordable housing markets that are nearly impossible to break into without millions of dollars.

But is America the only country suffering from a stubborn unaffordability crisis? Many of the top economies are also feeling the sting of high inflation, limited real wage growth, and strong home price appreciation. But are we doing better or worse than many of the top developed countries? We’re sharing those stats, too!

In This Episode We Cover

America’s affordable housing crisis explained, and whether it’s going to get better or worse

Most affordable housing markets with job, population, and income growth

Comparing American home prices vs. other top economies’ home prices

The least affordable real estate markets with the highest home-price-to-wage ratios

The single most affordable city in the United States that could be an excellent investing market

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

These Are the 10 Most Affordable Markets To Invest in During 2024

Bankrate’s 2024 Home Affordability Report

Why Trump and Harris Aren’t Talking About the $1.8 Trillion Deficit

Join the Future of Real Estate Investing with Fundrise

Jump to topic:

(00:00) Intro

(02:36) Why Affordability Matters

(04:59) Most Unaffordable Period Ever?

(08:00) How Does America Compare?

(12:23) Least Affordable Markets

(15:09) Most Affordable (Growing!) Markets

(24:35) Will Affordability Improve?

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-262

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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This Could Be Like Getting into Airbnb in 2012

Thu, 17 Oct 2024 09:00:00 -0000

While short-term rentals are seeing slowing demand, mid-term rentals are taking off (and fast). Mid-term rentals, also called medium-term rentals or MTRs, are thirty-day or longer stays, usually for traveling professionals or those who need temporary housing while relocating. These rentals give you more rent than a regular long-term rental, less turnover than short-term rentals, and can be successful in even the most average of markets. Where are MTRs heading next? We brought on Jeff Hurst, CEO of the leading MTR listing website Furnished Finder, to share the data he’s seeing.

Jeff believes MTRs are still years away from peaking in demand and supply. But maybe he’s a little biased as someone who works in the field. Even as an industry insider, Jeff brought some solid stats that show that MTR is far from falling off the investing map. He’s so bullish on this strategy that he believes MTR is now where Airbnb was in 2012. But what should you do to get in on MTR investing?

Jeff shares the best MTR markets and signs for whether or not your city could be a great place to try it, plus the surprising property type that works best for this strategy (MUCH more affordable than short-term rentals) and how landlords and investors can find tenants WITHOUT going through pricey booking platforms.

In This Episode We Cover

The state of the mid-term rental market and why it’s looking much brighter than short-term rentals

Mid-term rental investing explained, and who’s staying at these properties

Why rural markets actually make terrific mid-term rental investing areas

How to start investing in mid-term rentals WITHOUT owning a single property (rental arbitrage)

How to find tenants for your mid-term rentals without paying high listing fees

The (surprisingly) small property types that work best for mid-term rentals

And So Much More!

Links from the Show

How to Invest in Medium-Term Rentals

Furnished Finder Stats

Grab the MTR Book, “30-Day Stay”

Jump to topic:

(00:00) Intro

(01:57) What Are Mid-Term Rentals?

(06:21) Mid-Term Demand is Still Growing

(09:58) Best Mid-Term Markets

(18:19) Are We Past the Peak?

(20:26) Finding Tenants

(23:59) Fewer Regulations?

(30:03) Bullish on Mid-Term’s Future

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-261

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Rental Demand Could “Catch Up” in These Oversupplied, Struggling Markets

Mon, 14 Oct 2024 09:00:00 -0000

America is experiencing a strange housing supply problem. On one hand, we don’t have enough housing supply nationally; on the other, we have too much housing supply in cities like Austin and Fort Myers, and as a result, these cities are seeing significant rent declines. Meanwhile, rents are still going strong in much of the Midwest, as their supply-constrained markets give landlords and real estate investors the upper hand. But, even in the “oversupplied” markets, is there a chance for rent price redemption in the future?

We brought on BiggerPockets’ own Market Intelligence Analyst, Austin Wolff, to share his latest findings on housing supply. Austin talks about why rents are growing in some parts of the US but declining in more oversupplied markets. But with the slowing down of construction, will these oversupplied markets become undersupplied? Will landlords in these markets be happy they held onto their properties in a few years?

Austin also shares the exact market he’s making his first real estate investment, which boasts high demand but has yet to see a significant supply bump for his asset class. Does higher supply always mean lower rents? Not quite, and we’ll get into why in this episode!

In This Episode We Cover

The state of our 2024 housing shortage problem and why we may be under and oversupplied

Where rent prices are falling and the cities with the most supply coming online

When demand could finally “catch up” to the high supply these markets are experiencing

The correlation between supply and rent prices (and why they aren’t ALWAYS opposite)

Long-term rent projections as building starts to slow and demand stays high

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Easily Identify Your Next Market to Invest In with BiggerPockets Market Finder

Check Out Austin’s Data-Driven Blog Posts

Connect with Austin

Bureau of Labor Statistics

Census Data

CoStar

Zillow Data

Master the Simple Formulas Behind Every Great Real Estate Deal with “Real Estate by the Numbers”

Jump to topic

00:00 Intro

04:49 Our 2024 Housing Supply Problem

08:22 Where Rents Are Falling

13:13 Demand Will “Catch Up”

17:31 What Happens When Supply Rises?

25:46 Long-Term Rent Projections

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-260

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4 States With the Strongest Economies and Investing Potential

Thu, 10 Oct 2024 09:00:00 -0000

**UPDATE: We recorded this episode on October 1st, as North Carolina was beginning to recover from the damage caused by Hurricane Helene and before Hurricane Milton had formed. We approached this episode as an exercise in economic analysis -- an in-depth market analysis should include a deeper assessment of environmental risk than we had time for in this discussion. And of course, no investment is more important than human lives and safety. If you’d like to contribute to ongoing recovery efforts, please consider doing so here.

We talk a lot about the overall housing market, but what about the best states to invest in real estate? A state on the East Coast might see solid rents, booming business growth, and low inventory, while somewhere on the West Coast could be experiencing the opposite. At a state level, factors like economic strength, job growth, income tax, and others can greatly impact where Americans live and rent. So, which states would WE happily invest in now?

Today, we’re sharing the four states we feel bullish about in 2024, specifically for economic growth. And when there’s economic growth, there’s usually excellent investing prospects. You may have thought about investing in a few of these states before, and one of them you may have forgotten was even a state (sorry to those residents), but all of them boast real estate investing potential that many other parts of the US lack.

And, during a time when home prices are still high, some of these markets are seeing what could be a temporary decline, opening up the potential for you to go in and scoop up deals before their real estate markets begin to rebound. Which states are we most confident about? Stick around to find out!

In This Episode We Cover

Four states with booming economies and serious real estate investing opportunity

The tiny state with below-average home prices and most of the Fortune 500 companies

A southern state boasting serious potential as its real estate values try to recover

A “treasure hunting” housing market that may be overcorrecting a little too much

Why more tech is moving into this East Coast state and pumping up its property market

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Find Your Next Investing Market

On the Market Episode 251 - Would You Vote for Any of These Market-Changing Economic Policies?

What’s the Best Strategy for Your Market? Find Out with “Start with Strategy”

Jump to topic:

00:00 Intro

02:52 1. Delaware

11:38 2. Texas

17:13 What to Buy in Texas

20:05 3. Florida

22:21 Businesses Love the Sunshine State

27:12 4. North Carolina

35:30 Best State to Invest?

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-259

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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Immigration Boosts Renter Demand, Builder Confidence Is Growing

Mon, 07 Oct 2024 09:00:00 -0000

Did immigrants help keep landlords afloat during this tough housing market? New data may be pointing to just that. Today, we’re discussing one rarely mentioned housing market factor—immigration and immigrant renters. We’re talking about documented AND undocumented immigrants, asylum seekers, and what the effect of the massive influx in immigration has been on the renting market.

John Burns from John Burns Research and Consulting, joined by VP of Demographics Eric Finnigan, is back on the show to discuss immigration, household formation, migration patterns, mortgage rates, and the effects each of these factors has on the housing market. With immigration exploding (we’re in one of the largest immigration years EVER), the next obvious question is: how is this affecting rents/available homes? John and Eric bring in new data to share how immigration may have “bailed out” landlords during the worst parts of the market.

But that’s not all. We also touch on John Burns Research’s newest house-flipping survey and how flippers are surviving (thriving?) in today’s market. Why are builders becoming more bullish on the housing market? And could the recent mortgage rate cuts open the spigot of homebuyer demand in this already supply-constrained market? We’re digging into the data that answers these questions in today’s show.

In This Episode We Cover

The newest immigration and housing data pointing to some surprising conclusions for landlords

Why immigrants crossing the southern border are NOT just settling in border towns

How immigrants may have “bailed out” multifamily investors struggling to fill units

New multifamily supply and why builders are becoming more bullish in today’s market

Whether or not lower mortgage rates will lead to higher home prices

The state of house flipping in 2024 and whether flippers are still making money

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

U.S. Immigration Crisis: What It Really Means for Housing Markets and Investors

Get on the List for John Burns Research: jburns@jbrec.com

Fix and Flip Survey

Master the Real Estate Formulas Before You Buy with “Real Estate by the Numbers”

Jump to topic:

00:00 Intro

02:11 Immigration is Exploding

04:59 Why “Households” Matter

06:40 Immigrants Boost Demand

08:50 Landlords Got “Bailed Out”

11:47 MORE Multifamily Development?

15:58 Mortgage Rate Cut Implications

23:37 Are Flippers Surviving?

29:06 Grab the Data!

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-258

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Headlines: Redfin Sees a “Brighter” Homebuying Season Coming, Will It Happen?

Thu, 03 Oct 2024 09:00:00 -0000

Mortgage rates are finally falling, and Redfin is predicting a “brighter” housing market. Who’s leading the charge in new homebuyers? Surprisingly, the generation nobody expected—Gen Z. How are they doing it, and why are their homeownership rates so much higher than Millennials and Gen Xers at the same age? We’re digging into it and sharing our forecasts of what the coming housing market will look like.

But to understand where we’re headed, we have to peak inside the personal finances of Americans. In this episode, we’re breaking down the average American’s wallet, how much money they have, their credit card debt, and whether they’ll be able to weather the financial storm of rising costs coming at them. How can Americans cope with higher insurance, taxes, and home prices?

Why is Redfin so optimistic about the 2025 spring homebuying market? And what are we seeing right now in our own markets in terms of buyer demand? Have lower mortgage rates finally crossed the threshold where Americans feel comfortable buying a house? We’ll touch on all of today’s latest headlines in this show!

In This Episode We Cover

How Gen Z became the leading young homeowner generation

Lower rates, but still struggling affordability and the real solution to our housing problem

Optimistic news from Redfin about the 2025 spring housing market and the big JUMP in mortgage applications

The average American’s personal finances and whether they’ll be able to eat the cost of recent inflation

The downfall of work-from-home and why more Americans may be moving (and buying houses) soon

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Gen Z Is Dominating Their Parents in Homeownership—According to New Report

America’s home affordability crisis has a solution. Lower rates isn’t it

Redfin ramping up, sees a brighter spring ahead

The State of America’s Wallet

How Gen Z outpaces past generations in the homeownership race

Join the Future of Real Estate Investing with Fundrise

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-257

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

Learn more about your ad choices. Visit megaphone.fm/adchoices

Are Real Estate Syndications Dead? w/Brian Burke and Scott Trench

Mon, 30 Sep 2024 09:00:00 -0000

Are real estate syndications dead? Some multifamily syndicators are making capital calls and hiding information from investors who anxiously wait (and pray) for their money to be returned. A lot is going wrong, so should you pause investing in real estate syndications for now, or should you write them off entirely? Brian Burke, who saw it coming and sold almost everything before prices fell, is on today to give us his answer.

Joining him is a fellow syndication investor and BiggerPockets CEO, Scott Trench, who’s had his fair share of syndication headaches over the past few years. We’re going back in time, talking about what exactly went wrong for multifamily syndications, why we saw a rise in untrustworthy/inexperienced syndicators entering the market, and why multifamily specifically is taking the majority of the headwinds.

We’re also sharing the numbers on the almost unbelievable amount of multifamily investors who have short-term loans coming due, all at a time when interest rates are still high and values are close to (if not at) the bottom. We’ll even talk about our own failed deals and whether or not we’d continue investing in syndications.

In This Episode We Cover

Real estate syndications, general partners, and limited partners explained

Why the multifamily real estate market is a “traffic collision” in 2024

Areas of the country with the highest/lowest risk for real estate syndications

The astonishing amount of distressed investors with short-term loans coming due

Our own failed investments and whether we’d still invest in syndications

When multifamily real estate investments could finally rebound and become investable again

And So Much More!

Links from the Show

See Dave and Scott at BPCON2024 in Cancun!

Multifamily Is at High Risk of Continuing Its Historic Crash in 2024—Here’s Why

PassivePockets

Grab Brian's Book, “The Hands-Off Investor”

Jump to topic:

00:00 Intro

01:38 Real Estate Syndications Explained

11:11 Things Have Changed

19:07 Multifamily is a “Traffic Collision”

24:29 WHERE to Invest

29:20 Underwater Syndications

38:23 Are Syndications Dead?

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-256

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The Fed Finally Cuts Rates, but Will It Even Matter? w/NYT’s Jeanna Smialek

Thu, 26 Sep 2024 09:00:00 -0000

The Fed’s recent rate cut signaled something clear about the US economy, but what are they trying to say? With a bolder rate cut than many of us expected, homebuyers, business owners, and real estate investors are seeing the light at the end of the high-rate tunnel, where borrowing money and buying houses could come at a lower cost. But with markets already anticipating a rate cut, did the recent cut even really matter?

Today, Federal Reserve reporter from The New York Times, Jeanna Smialek, shares her thoughts on what the Fed move meant after studying them full-time for over a decade. Jeanna believes that the Fed feels confident, even if this recent rate cut was overdue. Inflation has seen a substantial dropoff, but on the other hand, unemployment is rising, and Americans are getting nervous. Did the Fed move fast enough?

Jeanna also shares the future rate cuts we can expect from the Fed, with more potentially coming this year and a sizable series of cuts already lined up for 2025. How significant will the cuts be, and will they be enough to stop unemployment from getting out of control? How will rent prices and home prices move due to more rate cuts? We’re answering it all in this episode!

In This Episode We Cover

The Fed’s recent 0.50% rate cut explained and their forecast for 2025 rate cuts

The signal the Fed is sending by making a bigger rate cut (and preparing for more to come)

Why the Fed decided NOW was the time to finally cut rates (and whether it was too late)

Inflation updates and good news for the slowing of growing prices

Housing affordability and whether or not these rate cuts will help homebuyers/renters

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Federal Reserve Cuts Rates By 0.50%, a Bigger Cut Than Expected

How to Know Whether You’ll Scale (or Fail) in Real Estate

Mon, 23 Sep 2024 09:00:00 -0000

Your real estate business could fail if you don’t do this right. We’ve seen it happen time and time again. A business finds success, starts growing at lightning speed to capture all the demand, and then burns out, leaving the business owner or investor (i.e., YOU) cleaning up the pieces of spectacular debris. Growing your business can be a HUGE mistake, but scaling it rarely is.

Today, we’re teaching you how to do just that—scaling your business to new heights so you can work less, your team (or future team) can accomplish more, and your wealth compounds in the background. And one person on the On the Market panel knows how to scale a business arguably better than anyone else—Kathy Fettke! Today, Kathy and her husband, Rich, are on to teach you how to start Scaling Smart (which is also the name of their new book!).

Kathy and Rich touch on why once-giants like WeWork failed so fast, how overgrowing can kill everything you’ve worked for, how to start hiring (and who to hire first), and the “never enough” trap that can keep you working for years (or decades) longer than you should. Plus, they even coach Henry and James on their own scaling struggles!

In This Episode We Cover

Why “scaling” (NOT growing) your real estate business is the smartest way to build wealth

The thirteen questions that will stop you from growing too fast (and failing)

Defining your “why” and the reason most investors burn out even after building wealth

When to start hiring employees, and what tasks you should outsource to them

Incentivizing employees to work hard for you while they build their own financial freedom

Being a “humble leader” and realizing that you’re NOT the best person for every job

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

See Dave, Kathy, and Rich at BPCON2024 in Cancun!

Rich's BiggerPockets Profile

The 3 Main Stages of Scaling Your Small Business

Grab Rich and Kathy’s New Book “Scaling Smart”

Jump to topic:

00:00 Intro

02:16 Why Big Companies Fail

08:00 How to NOT Overgrow

14:46 The “Never Enough” Trap

18:57 When to Start Hiring

26:04 Being a Humble Leader

26:53 Incentivizing Employees

38:19 Scale Smart and Live Your Life!

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-254

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US Economic Outlook Significantly Stronger Than You’d Think w/Top Forecaster Joe Brusuelas

Thu, 19 Sep 2024 09:00:00 -0000

The US economy isn’t doing as well as you think—it’s doing even better. While mainstream media outlets and grocery prices may make you feel that the US economy is struggling, the data points to something different. Inflation is getting under control, the Fed is about to lower rates, recession risks could be shrinking, and a long-term growth trend is emerging. The American economy is leading what Joe Brusuelas calls the “global recovery.”

Named 2023 “Best Rate Forecaster” by Bloomberg, Joe has an unmatched view of the economy at a macro and microeconomic level. Today, we’re talking to Joe about the state of the US economy and why it’s outperforming global players like China. Joe shares the “secret sauce” that is helping the US take center stage in global economic growth, which could keep us on course to see continued economic success for years to come.

But, with China’s economy showing cracks, the Middle East conflict getting more tense by the day, and the risk of recession still top of mind, what’s next for the US economy? Joe gives his economic outlook and shares the most significant risks the US economy could face, plus why he sees a BIG Fed rate cut coming in 2025.

In This Episode We Cover

The state of the US economy and why we’re seeing such unmatched economic growth

The “secret sauce” that makes the American economy particularly efficient

China’s growing economic troubles and whether it could bleed into the US economy

Fed rate cut predictions and why we may see a BIG drop in rates by this time next year

Joe’s US economic forecast and the regions of the US real estate investors MUST watch

Commercial real estate risks and whether we should still be worried about “the wall” of maturing debt

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

On The Market Podcast 196 - China Falters, Israel’s Oil Danger, and Russia’s Assets Used Against Them w/Joe Brusuelas

Learn More from Joe

Join the Future of Real Estate Investing with Fundrise

Jump to topic:

00:00 Intro

01:51 US Economy is Booming

06:52 Recession Risk?

08:43 China’s Economic Trap

13:31 Will This Hurt the US?

14:45 Middle East Oil Risks

17:42 US Economic Forecast

25:27 What Commercial Crash?

27:28 Fed Rate Cuts

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-253

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What Happens When Rates REALLY Drop? Probably Not What You Think w/Logan Mohtashami

Mon, 16 Sep 2024 09:00:00 -0000

In This Episode We Cover

Logan’s housing market, mortgage rate, and inventory forecast

Why our increasing housing inventory could reverse once rates start to fall

The one thing holding affordability back and whether Logan has hopes of it improving

Why watching the labor market and jobs numbers will help you predict mortgage rates

Were we wrong about the “lower rates = higher home prices” premise?

And So Much More!

Links from the Show

On The Market Podcast 86 - Here’s What Will Cause Mortgage Rates to Finally Fall w/Logan Mohtashami

Learn More from Logan

Know the Ins-and-Outs of Real Estate with “Real Estate by the Numbers"

Jump to topic:

00:00 Intro

02:05 The "Baby Pivot" Stage

05:46 The Home Sales Recession

08:49 Housing Inventory Update

15:30 Rates Will Decline MORE If...

19:59 Mortgage Rate Forecast

24:48 When Will Affordability Improve?

29:05 Biggest Takeaways

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-252

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Would You Vote for Any of These Market-Changing Economic Policies?

Thu, 12 Sep 2024 09:00:00 -0000

No matter who wins your vote during the presidential debates, odds are, the housing market will still have its problems. We’ve got high building costs, low inventory, and slow bureaucratic procedures that stop homes from being built or renovated. So, what would WE do if we were in charge of the country’s economic policies, and how would we use them to make a better housing market?

Welcome to the 2024 On the Market debates, where Dave, Henry, James, and Kathy duke it out over who has the best housing policy, economic plan, and…presidential slogan. We’re putting our plans out in the open for you to vote on. Dave is focusing on construction prices, Henry wants to “Make Housing Affordable Again,” Kathy is rallying to reduce government spending, and James wants to fast-track building and renovations so housing inventory can grow.

Who has the best housing market policy, and are there any you’d personally want to see on the ballot come the next election? Leave a review and let us know your thoughts, or give your take over on our YouTube channel!

In This Episode We Cover

Four economic policies we’d put into place TODAY to save the housing market

Tax breaks for investors and builders and why the government MUST incentivize affordable housing

Speeding up permitting times with a plan that could help those who can’t afford home repairs

Why we NEED more Americans learning the trades before it’s too late

Are prefab homes the future of affordable housing in America? Here’s why Dave thinks so

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

How the Financial Policies of Trump and Harris Could Impact Real Estate Investors

Live Like Jett Foundation

Grab Kathy’s New Book “Scaling Smart”

Jump to topic:

00:00 Intro

03:57 Make Housing Affordable Again

12:31 Path of Progress

21:21 Scaling Smart

32:19 Construction is Too Expensive

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-251

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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Trump vs. Harris Economic Plans: Taxes, Affordable Housing, and Inflation

Mon, 09 Sep 2024 09:00:00 -0000

How will the Trump and Harris economic plans affect your investing? One candidate is looking to increase affordable housing and give homebuyers a break on their first property. The other plans to keep taxes low so you can save more money. Both are concerned about inflation and rising costs, but will either of their plans correct the national budget deficit we constantly find ourselves in? We’re digging into the 2024 election economics on this BiggerNews episode with economist Joel Naroff.

First, we’re discussing what happens economically during elections as Americans brace for a new president. Then, we dive into Harris’ economic plan and stance on inflation, cost of living, and affordable housing. She also has her eye on raising taxes for high-income earners, but will she bring things back to the pre-Trump era?

Next, the Trump economic plan. Just like in his presidency, Trump plans to reduce taxes even more, which could help those on social security and those who make their income from tips. The question is, will this loss of tax revenue put too much of a dent in our government’s budget and push us further into a deficit? Could Trump’s pro-tariff stance help stimulate local manufacturing and increase tax revenue from imported goods? We’re answering it all on this BiggerNews!

In This Episode We Cover

Trump vs. Harris’ economic plans explained and how they may affect investors

More affordable housing and Harris’ call to build millions of more housing units

Trump’s plan to push foreign goods out of the US with higher import tariffs

Rolling back Trump’s tax cuts and how Harris could increase taxes on corporations and high-earners

Social security income and the benefit (but high cost) of lowering taxes on it

How both of these plans could affect the national budget deficit

And So Much More!

Links from the Show

Stay Updated on Investing News with the BiggerPockets Blog

Let Us Know What You Thought of the Show!

How the Financial Policies of Trump and Harris Could Impact Real Estate Investors

Naroff Economics

Grab Dave’s Latest Book, “Start with Strategy”

Jump to topic:

00:00 Intro

01:52 Election Economics

03:42 Harris’ Plan

8:38 More Affordable Housing?

12:16 Higher Taxes?

15:10 Trump’s Plan

19:11 More Social Security Income?

21:47 Eliminating Taxes on Tips

24:22 National Budget Deficit

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-250

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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Job Numbers Turn Out to Be Overinflated, Will the Fed Make a Hard Pivot?

Thu, 05 Sep 2024 09:00:00 -0000

One startup is aiming to end traditional real estate commissions for good. Jobs numbers get their most significant downgrade in over a decade, forcing the Fed to rethink its rate-cutting schedule. And if that wasn’t enough, home sales fell in a historically hot month of the housing market. But are the expert investors worried? In this headlines episode, we’re sharing the latest news affecting the housing market and what YOU can do now to still make money in real estate, no matter the headline hype.

First, we’re talking about the latest home sales numbers. With a slow summer homebuying season, we may return to a “balanced” market where investors can thrive if they know what they’re doing. What could bring more demand to the market? Lower mortgage rates. And with the latest revision on job numbers, downgrading job growth significantly, the Fed may be forced to pivot and make bigger moves when cutting rates. Will it happen?

Lastly, we’ll discuss the new state of real estate agent commissions. After the groundbreaking NAR lawsuit that put agent commissions in limbo, a new startup has set out to offer flat-fee real estate agent services in an à la carte fashion. Will paying just a few hundred dollars get you the level of agent experience you need to close better real estate deals? We’re discussing it all in this episode!

In This Episode We Cover

The new real estate startup that could put traditional agent commissions in jeopardy

What investors should know as home sales drop and whether it's an opportunity

Planning for mortgage rates to fall and how to build in more investing upside if they do

The latest job numbers REVISION putting our economy in a different spot than we thought

Whether or not the Fed will change course now that job numbers don’t look as strong

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

See James, Kathy, and Henry at BPCON2024 in Cancun!

The NAR Will Eliminate 6% Commission Standards and Pay $418 Million in Damages After Settling Lawsuit

Two Things The Latest Home Sales Numbers Say About The Real Estate Market

U.S. job growth revised down by the most since 2009

After winning a landmark case against real estate agents, this startup aims to replace them with a flat fee

Economic Confidence Up Slightly in August

Pre-Order Kathy’s New Book “Scaling Smart”

Jump to topic:

00:00 Intro

01:15 Home Sales, Prices Drop

11:15 Planning for Rates to Fall

17:33 Job Numbers Get Revised

28:07 Agents Go Flat-Fee

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-249

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Recession Indicators Go Off, Is the Housing Market Safe?

Mon, 02 Sep 2024 09:00:00 -0000

Recession fears are increasing. The stock market has taken substantial hits, housing inventory is climbing, and bank account balances are starting to fall. So, with more economic turmoil, we have to ask: will the housing market crash? And if we get a housing market crash, how bad (or good) will it be for investors? Could we see a 2008-style selloff, or should we be more prepared for small dips worth taking advantage of? Today, we’re asking two top investors these questions, one of whom literally wrote the book on Recession-Proof Real Estate Investing.

J Scott and James Dainard join us on today’s episode to discuss market crash predictions, scenarios, and opportunities for real estate investors. Both J and James experienced the 2008 housing market crash—an economic event almost impossible to forget. But is 2024 shaping up for a sharp decline like 2008, or will we simply see a slower real estate market like most people had expected when interest rates began to rise?

If the market DOES crash, what should you look for to take advantage, and how do you ensure you don’t get caught biting off more than you can chew? J and James break down their game plans if prices fall and why buying now could set you up for wealth ten years from now, IF you can handle the “fear” of buying when others are running from real estate.

In This Episode We Cover

New housing market “crash” predictions and how low prices could go

Why economic “fear” is rising now, and the recession indicators that are going off

Rising housing inventory and why experienced investors expected this already

The difference between the 2008 housing market crash and today

What could cause a housing crash and how to know it’s time to buy

The immense opportunities for investors that 99% of Americans will pass up

And So Much More!

Links from the Show

Let Us Know What You Thought of the Show!

See Dave and James at BPCON2024 in Cancun!

Why Has the Housing Market Not Crashed in Over 15 Years?

Grab J’s Book “Recession-Proof Real Estate Investing”

Jump to topic:

(00:00) Intro

(04:01) New Recession Fears

(14:25) Is This Like 2008?

(18:05) What Will Cause a Crash

(31:11) What to Do During a Crash

(36:56) Opportunity for Investors

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-248

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Are We in a Recession?

Thu, 29 Aug 2024 09:00:00 -0000

Are we in a recession? A lot of people certainly think so. After a surprisingly accurate recession indicator went off weeks ago, more and more Americans have begun to believe that we’re already facing an economic downturn. The problem? We rarely know we’re in a recession until we’re out of one. So, how can we be sure we’re in a recession and not just seeing a boomerang effect from the hot post-pandemic economy?

For many Americans, it sure FEELS like a recession. Unemployment has gradually increased, the cost of living has risen significantly over the past few years, and men may be buying fewer pairs of underwear (that’s actually a recession indicator). So, if we are in a recession, what should real estate investors do now to prepare so they don’t get the rug pulled on them before it’s too late? Do you sit tight or start contemplating selling properties?

Dave, Henry, and Kathy all share what they’d do in a recession, the not-so-obvious signs of a recession (or a recession in your specific industry), and whether or not they believe we’ll be in a recession over the next year. If the worst has yet to come, you’ll be able to spot the signs of a coming recession after this episode.

In This Episode We Cover

Whether or not we’re in a recession right now (and signs of one)

The one recession indicator going off that’s pointing to an economic downturn

Signs that we’re already in a recession and what we would do during one

How to deleverage yourself from riskier properties if the economy starts to slow

Whether or not a recession is still in the cards over the next year

Why it may be time to start saving once your husband/brother/nephew stops wearing new underwear

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

On The Market 238 - Recession “Yellow Flags” Emerge as Unemployment Metric Rises

Get Your BPCon2024 Tickets!

59% of Americans wrongly think the U.S. is in a recession, report finds

Grab the Book “Recession-Proof Real Estate Investing”

Jump to topic:

00:00 Intro

03:08 Is This Time Different?

04:26 Recession Indicators

09:21 What Does “Recession” Mean?

20:15 What to Do During a Recession

27:38 Are We in a Recession?

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-247

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August Mortgage Rate Update & Should You Buy/Refi Now?

Mon, 26 Aug 2024 09:00:00 -0000

Mortgage rates are falling, but the Fed hasn’t made any rate cuts yet. What’s the deal? We’re explaining it all in this August mortgage rate update with repeat guest and lender-friend of the show, Caeli Ridge. Caeli fills us in on today’s mortgage interest rates, why rates are moving without any federal funds rate cuts happening, what could cause rates to go even lower, and whether paying points on your mortgage makes sense in the current market.

Good news for investors: interest rates are getting into the high sixes for some rental property loans, but lower rates aren’t always a good thing. With the economy slowing down and inflation (thankfully) seeing some significant progress, unemployment is rising, and better interest rates may come at the cost of a worse economy. But this isn’t a surprise, no matter how unfortunate it is for many workers in today’s market.

We’re getting Caeli’s take on the Fed’s next moves, today’s mortgage rates, and what’s in store for future rates. This is crucial commentary from a lender working on loan products for investors in today’s exact interest rate environment, and hearing her may change your next investing move. Dave also gives his opinion on the mortgage rates we could expect to see next year and whether buying or refinancing even makes sense now.

In This Episode We Cover

August 2024 mortgage rate updates and where investor interest rates are right now

Why mortgage rates have been falling WITHOUT the Fed lowering their rates

Paying mortgage points and whether or not it’s worth it if rates are continuing to fall

The BIG uptick in refinancing and purchasing activity since rates began to fall

Where Dave thinks mortgage rates could be next year

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Caeli's BiggerPockets Profile

With Mortgage Rates Falling, When Should Investors Refinance?

Get Dave’s Mortgage Point Calculator

Analyze Real Estate Like a Pro with “Real Estate by the Numbers”

Jump to topic:

00:00 Intro

00:54 Mortgage Rate Update

04:43 Powell Talks, Rates Change

09:19 Bad News if Rates Fall

10:27 What Else Affects Rates

14:04 “Points Options” Improve

15:47 Advice for Investors

18:20 Dave’s Take on Future Rates

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-246

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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VP Harris Wants to Stop Wall Street Homebuying, But Will It Help Regular Buyers?

Thu, 22 Aug 2024 09:00:00 -0000

Kamala Harris has a plan to make it easier for first-time homebuyers to buy a house, but it comes at the expense of institutional investors. Eviction filings surge throughout the Sunbelt states, EVEN as apartment rent prices fall across all bedroom counts. And could commercial real estate’s struggles lead to you paying even higher property taxes? We’re getting into it all in today’s headlines show!

First, we’re talking about Kamala Harris’ new proposal to kick Wall Street out of the single-family homebuying arena, potentially opening up space for first-time homebuyers to finally break out of renting. The proposal sounds promising, but is it too late to actually impact today’s housing market when institutional investors take up such a small amount of the single-family supply? We’re giving our takes on the new proposal.

Apartment rent prices fall across all bedroom counts for the first time in years. But, even with seemingly improving rent affordability, eviction filings have surged across the South. Even with the rent drops, are tenants simply unable to pay such high prices for everything, rent included, in 2024? Lastly, we’re talking about how the decline in commercial real estate and office space has led to cities increasing property taxes, and by no small amount.

In This Episode We Cover

Whether Kamala Harris’ anti-Wall Street ownership proposal could work for homebuyers

Why apartment rent prices are falling, and whether or not this will continue

Single-family rents and why we AREN’T noticing them fall too

The real reason evictions have seen such a spike across the Sunbelt states

Commercial real estate-caused property tax hikes happening in THESE cities

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

How the Financial Policies of Trump and Harris Could Impact Real Estate Investors

Kamala Harris wants to stop Wall Street's homebuying spree

Asking Rents Fall Across All Bedroom Counts for First Time in 4 Years

Evictions Surge in Major Cities in the American Sunbelt

How much do downtown real estate losses lead to property tax hikes?

Join the Future of Real Estate Investing with Fundrise

Jump to topic:

(00:00) Intro

(01:45) Harris’ New Homebuying Proposal

(16:41) Rent Prices Fall

(25:40) Evictions Surge in Sunbelt States

(36:13) CRE-Caused Property Tax Hikes

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-245

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Tenants in Big Cities Could Save Thousands if “Broker Fee” Reform Passes

Mon, 19 Aug 2024 09:00:00 -0000

New “broker fee” reform could help tenants save thousands of dollars when finding their next apartment or home to rent, but it could come at a significant cost to landlords. In big cities like Boston and New York, it’s not unusual for landlords to hire a broker to help bring in more potential tenants. The problem is that, unlike the rest of the United States, landlords in these cities DON’T have to pay the broker—the tenant does.

But this isn’t some small fee. These broker fees range from eight to fifteen percent of the annual rent, and in pricey Boston or New York City, that could mean thousands of dollars in fees to move into a new place. We brought on StreetEasy Senior Economist Kenny Lee to explain why this antiquated system is still in place and whether or not the reform will go through and help renters.

What are the economic implications for the rental market if these reforms are passed? Will this help renters, landlords, or both, and could it actually increase competition in already competitive markets by lowering the barrier to entry for finding a new rental?

In This Episode We Cover

Boston and NYC’s “broker fees” explained and why they’re so different from the rest of the US

How the broker fee reform could change the rental market in big cities

The cost of moving and how high broker fees restrict renters who are already struggling

What broker fee reform could do to rental property demand in these big cities

Broker fee negotiation and what the future looks like for landlords who have to pay these finder’s fees

And So Much More!

Links from the Show

New York City’s Real Estate Brokerages Could Be Destroyed By a New Law

Connect with Kenny

Join the Future of Real Estate Investing with Fundrise

Jump to topic:

(00:00) Intro

(02:22) Tenants Forced to Pay Fees

(05:18) Why in NYC?

(08:47) New Reform to Help Renters

(12:09) Will This Change the Rental Market?

(15:16) Better for Everyone?

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-244

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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What Should Investors Do if Insurance Prices Keep Rising?

Thu, 15 Aug 2024 09:00:00 -0000

We’re currently in a home insurance crisis. Everyone (except for Henry, apparently) is feeling the sting of home insurance prices rising significantly year after year. Some investors have seen their homes’ insurance costs double or triple over a few years. This is making it harder not only to protect your property but also to keep your cash flow. What do you do, and can anyone save us from this home insurance crisis?

Today, we’re discussing something too big to ignore: your home insurance bill. Premiums are rising fast across coastal states and are starting to creep inland. In this episode, we’re talking about why home insurance prices have gone up so much and so quickly, the state governments actively working to get premium prices down, and what investors MUST do now to limit the price hikes coming down the road.

We’re also exploring state-offered insurance programs that help homeowners whose policies have been dropped. Can the government come in and fix our insurance premium problems before it’s too late, or will rising prices lead to home price corrections as affordability suffers?

In This Episode We Cover

2024’s home insurance crisis and why premium prices are rising so fast

The states with the highest risk of insurance price hikes and what’s causing them

Government intervention and how some states are trying to limit rising prices

Whether or not higher insurance prices will cause home prices to correct in at-risk areas

What investors must do NOW to keep their insurance premiums reasonable

Whether people will start fleeing states with the highest insurance costs and move to more affordable areas

And So Much More!

Links from the Show

On The Market 218 - These “Subtle Risks” Could Have Astronomical Impacts on Real Estate Expenses w/John Sheffield

Learn How to Run the Numbers BEFORE You Buy with Dave’s Book “Real Estate by the Numbers”

Jump to topic:

(00:00) Intro

(02:52) California Wildfires

(06:03) Where Insurance Isn't Exploding

(08:48) Why Insurance Prices are Rising

(10:38) State Regulations Limit Price Hikes

(13:38) Check Your Policy NOW

(19:07) Effects on Home Prices

(23:44) Should the Government Step In?

(31:51) What Should Investors Do?

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-243

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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Short-Term Rental Demand Returns, So Why Are Hosts Making Less? w/AirDNA Chief Economist Jamie Lane

Mon, 12 Aug 2024 09:00:00 -0000

A couple of years ago, everyone was expecting an “Airbnbust,” where short-term rental investments would sit vacant, hosts would be forced to sell, and hotels would take the reigns as the leaders in hospitality. But that didn’t (exactly) happen. Instead, we got a slightly slower short-term rental market with fewer bookings, some more supply, and a slight dip in revenue for hosts. The short-term rental market is now reaching “equilibrium,” and demand is returning. So, what do hosts need to know now?

Jamie Lane from AirDNA, the leading global short-term rental data and analytics company that tracks every listing on the market, is here to give us a mid-year update. Jamie talks about how the short-term rental market is returning to normal, why demand is starting to shoot back up all while prices are dropping, and the “cracks in the system” that could point to future short-term rental weakness.

He points out the short-term rental markets with the most growth potential, the oversupplied ones seeing drops in demand, and why the European Airbnb scene, even with its regulations, is exploding. Plus, he’ll share the amenities and policy changes you can make NOW to get more bookings and what to look for BEFORE you buy in a new market.

In This Episode We Cover

A 2024 short-term rental market update (supply, demand, pricing, and threats)

The short-term rentals seeing the least demand, and why this may be worrying for hosts

“Fringe” markets that are performing even better than the traditionally popular markets

Why hosts are seeing a drop in revenue and the markets with weak demand

International travelers returning and the minor tweaks you can make to get more bookings

Jamie’s forecast for the rest of the year and why he predicts demand will rise this fall

And So Much More!

Links from the Show

Get the Short-Term Rental Furnishing List

Join the Future of Real Estate Investing with Fundrise

See James and Kathy at BPCON2024 in Cancun!

#Airbnbust One Year Later: Did the Short-Term Rental Industry Ever Collapse?

Grab the Book, “Short-Term Rental, Long-Term Wealth”

Jump to topic:

(00:00) Intro

(01:43) 2024 Short-Term Rental Update

(04:56) "Cracks" Start to Form

(07:24) Markets with Growing Demand

(11:07) Markets to Be Cautious Of

(15:52) International Travelers Return

(21:20) Must-Have Amenities/Policies

(24:10) 2024 Predictions

(25:59) How to Set Your Prices

(28:25) Why Nightly Rates Are Falling

(29:55) Growing STR Markets

(32:19) Everyone's Going to Europe!

(36:40) Best Opportunities for Investors

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-242

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

Learn more about your ad choices. Visit megaphone.fm/adchoices

241: Developers Are Ditching This State as Regulations Rise

Thu, 08 Aug 2024 09:00:00 -0000

Why are developers ditching California NOW? Is commercial real estate still struggling, and what’s up with all those empty office buildings all over town? Does it seem like everyone is overpaying for properties nowadays? It’s not just you; we’ve been seeing it, too, but there’s a reason why they’re doing it. Today, we’re touching on hot topics from the BiggerPockets Forums and giving our takes on what investors are seeing in today’s housing market.

First, everyone has another reason to bag on California real estate as developers decide to move out of the state, thanks to rising construction costs, long permitting times, and bureaucratic inefficiencies. But in a state with such massive appreciation and high rents, is it really the right move to make?

Next, we’re back to the commercial real estate crash, specifically, the office investing space crash, as more and more buildings sit vacant. There’s one way to solve this, and doing so could make you a LOT of money. Who’s got the guts (and the money) to make something out of all those empty offices? Finally, we’re discussing WHY investors commonly overpay for properties and how they may be making money EVEN when you think their offers are ridiculous.

Do you have an investing question? Ask it on the BiggerPockets Forums!

In This Episode We Cover

The developer departure from California and why builders are ditching the Golden State

Changing regulations and how it’s getting harder to build rental units

Office space’s continued struggles and the one way investors can solve this problem

Overpaying for properties and why investors commonly offer over the ARV (after repair value)

How to audit your construction/renovation costs to know if you’re throwing away money on your rehabs

And So Much More!

Links from the Show

Ask Your Question on the BiggerPockets Forums

Join the Future of Real Estate Investing with Fundrise

See Henry, James, and Kathy at BPCON2024 in Cancun!

A New California Law Just Increased Regulations On Home Flippers

Real Developers Leaving California

What Does the Future Hold for the Office Market?

So many value add buildings selling at higher total project cost then ARV

Grab Henry’s New Book “Real Estate Deal Maker”

Jump to topic:

(00:00) Intro

(01:14) Investors Quit on California

(10:11) CRE Continues to Suffer

(19:28) Overpaying for Properties?

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-241

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

Learn more about your ad choices. Visit megaphone.fm/adchoices

240: BiggerPockets Real Estate Episode 1,000: Real Estate Is Changing, and So Is BiggerPockets

Mon, 05 Aug 2024 22:16:00 -0000

For the past 999 episodes of the BiggerPockets Real Estate Podcast, we’ve heard stories from investors who have achieved financial freedom through rental property investing. However, when we started this podcast in 2013, it was a different time. The housing market had crashed just years earlier, prices were still recovering, and cash flow was abundant in many markets. But things have changed, and now we’re changing, too. Welcome to our 1,000th episode and your first look at the new BiggerPockets Real Estate Podcast.

We’re getting back to the basics, sharing investor strategies that work in today’s market and showcasing the data investors need to know now so they can reach financial freedom faster. Our first guest on this new wealth-building journey is Scott Trench, CEO of BiggerPockets and rental property investor.

Today, we ask Scott, “Is financial freedom still possible through real estate, and if so, how do investors achieve it in this housing market?” Scott shares what both beginner and experienced investors must do now to reach financial freedom, who should even be investing in the first place, and the best beginner investment EVERYONE listening to this should be taking full advantage of.

Ready to start building your path to financial freedom today? The BiggerPockets Real Estate Podcast is the best place to be!

We also want to thank David Greene and Rob Abasolo for their massive contributions—David Greene for nearly 7 years as a host and co-host of the podcast, and Rob Abasolo for many of the past 250 episodes. They did a fantastic job building on the foundations poured by our Founder, Josh Dorkin, and Brandon Turner and continued the work of changing millions of lives.

While we had hoped that Rob and David would continue to stay on as hosts in this rotational capacity, we completely understand their desire to move on to their next adventures, and wish them success in those endeavors, knowing that they will continue to change many lives with their thought leadership. We wish them the best of luck in their next endeavors.

In This Episode We Cover

The new BiggerPockets Real Estate Podcast and what we’re changing starting today

Whether you can still achieve financial freedom through real estate in 2024

The best beginner strategy to start building wealth, EVEN with little money

Who should begin investing in real estate and whether you have what it takes

The problem with “passive income” and why hands-on rentals beat it

Investing in affordable markets and who should start with out-of-state investing

How you can become a millionaire without having a huge rental portfolio

And So Much More!

Links from the Show

Find Your Next Investing Market with BiggerPockets Market Finder

Let Us Know What You Thought of the Show!

See Dave and Scott at BPCON2024 in Cancun!

BiggerPockets Real Estate Podcast 1 - Building a Successful House Flipping Business and Losing Millions with Marty Boardman

How the “Middle-Class Trap” Stops Your Early Retirement

Lend to Live

Millions of Americans Should Keep Their Homes as Rentals, Not Sell. Here’s Why.

On the Market Podcast

Yes, I’m Afraid of a Real Estate Bubble—But I Continue to Invest Anyway. Here’s Why.

Grab Scott’s Book, “Set for Life”

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-240

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

Learn more about your ad choices. Visit megaphone.fm/adchoices

239: THE HUGE Downside of No-Income-Tax States and a Hidden Housing Market Threat

Thu, 01 Aug 2024 06:00:00 -0000

Why is everyone ignoring this one severe housing market trend, what does a 2008 crash predictor think will happen in 2025, and why are homes starting to sit longer on the market, even with mortgage rates starting to fall? Are all the headlines pointing to housing market havoc or a return to normalization where homes aren’t flying off the market like they were just a few years ago? We’re getting into it all in this headlines episode as we touch on four of the top housing market stories from this week and give our opinions on whether they’re hype or not.

First, a market-shifting trend has substantial side effects on the housing market. We’ve talked about this before, but many homebuyers are overlooking it. This trend could push people out of once-popular housing markets and into underrated areas that boast far more future-proofed benefits. What’s the trend we’re talking about? Tune in to find out!

We’re also discussing the increase in average days on market (DOM), why homes are sitting for longer, and whether this is something to be concerned about. Think moving to Washington, Texas, or Florida will save you money due to no income taxes? Think again because there are some serious downsides to no-income-tax states most investors don’t think about. Finally, we’re analyzing a 2008 crash predictor’s 2025 forecast—could he be right again?

In This Episode We Cover

The one housing market trend hiding in plain sight that could become a considerable issue soon

A 2008 crash predictor’s take on the 2025 housing market and whether home prices will decline

Why so many people are reversing on the “great reshuffling” and moving away from sunny states

A sizable bump in homes sitting on the market and why it’s taking longer to sell

The serious downsides of buying/investing in a no-income-tax state

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

See Henry, James, and Kathy at BPCON2024 in Cancun!

BiggerPockets Real Estate 895 - BiggerNews: How Climate is Exploding Insurance, Building, and Investing Costs

A market-shifting real-estate trend is hiding in plain sight

Nearly Two-Thirds of Home Listings Have Been Sitting on the Market Longer Than a Month As Buyers Grapple With High Costs

U.S. States With No Income Tax Aren’t as Affordable as You Might Think

Housing analyst who predicted the 2008 home price crash weighs in on the current market

Grab Henry’s New Book, “Real Estate Deal Maker”

Jump to topic:

(00:00) Intro

(02:01) A Market-Shifting Trend

(08:40) Average Days on Market Expand

(18:12) Downsides of No Income Tax

(27:53) 2008 Predictor’s New Forecast

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-239

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

Learn more about your ad choices. Visit megaphone.fm/adchoices

238: Recession “Yellow Flags” Emerge as Unemployment Metric Rises w/The Washington Post's Heather Long

Mon, 29 Jul 2024 06:00:00 -0000

One of the most reliable recession indicators, the “Sahm Rule,” just issued a “yellow flag” for the economy. Even now, with low unemployment, high spending, and overall economic growth, we aren’t protected from a recession or economic downturn. Will the US economy be able to dodge this recession, and will the Fed be fast enough to save us from falling into a state of high unemployment and meager economic growth?

The Washington Post’s Heather Long joins us to share the latest data on the labor market, unemployment rate, Fed rate cuts, and why this particular recession indicator is going off now. First, we talk about why there is so much positivity in the job market and why most people won’t notice the cracks starting to form. With tech jobs getting slashed and government jobs growing, are we moving in the right direction?

Heather also explains a strong recession indicator, the “Sahm Rule,” and why it’s throwing up a “yellow flag” warning even with the hot job market. Finally, we’ll touch on interest rates, whether the Fed will actually come through with a rate cut this year, and how fast future rate cuts could come after the first.

In This Episode We Cover

The unemployment-based recession indicator that’s throwing up “yellow flags”

Which industries are hiring and which are firing in 2024

What the “unemployment rate” really means, and why most people get this wrong

Immigration’s HUGE effect on unemployment and how it may be skewing the numbers

The Fed’s tricky decision to make and whether rate cuts could help this situation

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

On The Market 168 - How to Prepare for a Recession in 2024

Real-time Sahm Rule Recession Indicator

237: National Rent Control, Falling Mortgage Rates, and Fleeing Homebuyers

Thu, 25 Jul 2024 06:00:00 -0000

A new nationwide rent control proposal could cap rent increases for any landlord with a certain amount of properties. But will it actually pass? How would landlords survive when rents can only marginally increase each year while expenses continue to see double-digit percentage price growth? We’re getting into this story and a few more hard-hitting housing market headlines on today’s episode!

First, we’re talking about the new rent cap proposal coming straight from The White House. This could significantly affect anyone who owns a large real estate portfolio or plans to in the future. Is this proposal merely a grab for votes, or could it actually come to fruition? Next, great news for homebuyers, as mortgage rates fall once again, all while completed homes see a sizable boost. Is this a sign that a healthier housing market is to come?

Why are international buyers fleeing the US housing market? Could this end up helping first-time homebuyers who have to fight off less competition? Finally, we talk about the twenty hottest housing markets that are seeing a BIG increase in home viewership. If you own a home in one of these markets, it might be time to consider selling.

In This Episode We Cover

The newest rent cap proposal that could stop landlords from raising rents higher than five percent each year

Mortgage rates drop again, but are more rate cuts coming this year?

Increased housing inventory and signs of a healthier housing market forming

Why international homebuyers have had a significant pullback from the US housing market

The hottest markets in America and whether homeowners here should consider selling

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

See Henry, James, and Kathy at BPCON2024 in Cancun!

Biden Proposes Rent Increase Limits, With Penalties for Landlords Who Don’t Listen

White House Plan to Limit Rent Increases Nationwide Reignites Debate

Housing Market Gets Back-to-Back Good News

Here's why international buyers are pulling way back from the U.S. housing market

If You Live in One of These 20 Housing Markets, Consider Selling While It’s Still Hot

Grab Henry’s Newest Book, “Real Estate Deal Maker”

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-237

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

Learn more about your ad choices. Visit megaphone.fm/adchoices

236: Will Home Renovation Costs Go Down in 2024 as Demand Begins to Dip? w/WSJ’s Ryan Dezember

Mon, 22 Jul 2024 06:00:00 -0000

For the past four years, everyone, and we mean everyone, has been doing some form of home improvement. All your friends are redoing their kitchens, your spouse keeps asking when you can renovate the bathrooms, and your best friend just built their dream home office with—don’t get too excited—recessed lighting. This was the home renovation boom of the decade, and now, we could be at the tail end of it.

With home improvement spending starting to dip, interest rates keeping homeowners from big projects, and labor costs still sky-high, what happens when enough demand leaves the market? Do material prices fall as manufacturers try to lure homeowners back in? Will labor costs soften with contractors waiting for work? We brought on The Wall Street Journal’s Ryan Dezember to get some answers.

In today’s show, we discuss the boom and bust of lumber prices, why home renovations are starting to stall, what impact this could have on materials, and whether or not the home improvement spree will pick back up as new construction starts decline. If you’re planning a home renovation, you'll want to hear this episode before you begin.

In This Episode We Cover

An update on the home renovation industry and why demand is shrinking

Labor costs and the factory-building boom that’s taking away all the contractors

The surprisingly old age of most American homes and why so many renovations happened

High interest rates and their effects on home improvement project spending

Whether or not we’re already in the home renovation “slowdown” and what could happen next

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

BiggerPockets Real Estate 514 - How Small Landlords Can Beat the Hedge Funds

This Could Be the Year the Home-Improvement Boom Fizzles Out. Here's Why.

Deck Maker’s $450 Million Bet on America’s Renovation Boom

Grab “The Book on Estimating Rehab Costs”

Jump to topic:

(00:00) Intro

(02:36) The Home Renovation Boom

(06:58) The Labor Shortage Explained

(10:51) Which Costs Are Rising the Most?

(14:44) High Rates Curb Demand

(20:20) More Supply, Lower Prices?

(25:59) Home Renovation Predictions

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-236

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

Learn more about your ad choices. Visit megaphone.fm/adchoices

235: A World Without Airbnb & Why "Sinking" Could Cause Your Insurance to Skyrocket

Thu, 18 Jul 2024 06:00:00 -0000

Airbnb bans escalate, a “tsunami” could be coming for this real estate niche, and “sinking” cities lead to skyrocketing insurance prices. The housing market changes every week, so we’re here to break down the headlines and sift through the hype so you know what could impact YOU. Dave Meyer and the entire On the Market panel are here to discuss four of the top real estate-related news stories from this week.

First, we discuss the commercial real estate credit crunch that could cause a “tsunami” in the office investing space. Next, one major European city will ban Airbnb by 2028 in an effort to give locals a better chance at buying their first home. Will it work, or is it just a move to get more votes? With the dust of the NAR settlement settling, homebuyers could face thousands in fees to work with an agent, but will this stop homebuying?

Before we go over our last headline, make sure you’re standing on solid ground because “sinking” cities are becoming the new norm. Is your home slowly sliding off a cliff? If so, your insurance costs could be rising even higher. We’ll get into this story and the rest of the relevant real estate news on this episode!

In This Episode We Cover

A world without Airbnb and whether the newest ban could actually help homebuyers

Another “tsunami” coming for real estate and whether there’s truth behind the hype

Private equity’s new plan to gobble up even more real estate as one niche suffers

More fees for homebuyers as agent commissions change, but will this have to be paid out of pocket?

“Sinking” cities causing rising insurance costs and sliding home values

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

See Dave, Henry, James, and Kathy at BPCON2024 in Cancun!

On The Market 201 - Breaking: NAR Settles for $418M, Buying and Selling Homes Could Change Forever

The commercial real estate credit crunch: ‘There’s a tsunami coming’

What does a world without Airbnb look like?

First-Time Homebuyers Could Face Thousands in New Costs Following NAR Settlement

U.S. cities are sinking. Here’s what that means for homeowners

Join the Future of Real Estate Investing with Fundrise

Jump to topic:

(00:00) Intro

(01:47) A “Tsunami” Coming?

(12:47) The Airbnb Bans Begin

(21:22) New Fees for Homebuyers?

(28:20) Cities Are Sinking

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-235

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

Learn more about your ad choices. Visit megaphone.fm/adchoices

234: Did We Just Find 2024’s Most “Under-the-Radar” Real Estate Market?

Mon, 15 Jul 2024 06:00:00 -0000

We might have just found the most under-the-radar real estate market of 2024. It’s got jobs, appreciation potential, and affordable homes, and it’s growing…fast! The best part? We’re not sure anyone has ever talked about this specific market, so we’re going to be the first. But you had better be fast; most investors might start looking up homes for sale in this market after this episode! Which market are we talking about, and why are we so excited? We’ll share all the details in today’s show!

We’ve asked the entire On the Market panel to each bring “under-the-radar” real estate markets to share on today’s show. Many of these markets are small(er) towns but boast some HUGE investing benefits you won’t find in big cities or the already-hyped areas. From Midwest cash flow to Southern healthcare hotspots and one town that our panel gets VERY excited about, any of these markets could help you build wealth WITHOUT having to fight off competition from other buyers.

If you’re still looking for an investing market, check out our new tool, Market Finder! Dave and his team designed this tool to help you easily identify your next market to invest in! Once you’ve found a market, check out properties with our Deal Finder tool!

In This Episode We Cover

Four of our favorite “under-the-radar” real estate markets nobody is talking about

The TINY town that could see massive growth as one huge employer makes big moves

The cash-flowing Midwest city with rock-bottom unemployment and strong rent growth AND appreciation

The small town in Texas that Kathy personally picked for her new build-to-rent investments

Why medium-term rentals and assisted living facilities could see BIG returns in this healthcare hotspot

And So Much More!

Links from the Show

Find Your Next Investing Market with BiggerPockets Market Finder

Get Your Next Deal Faster with BiggerPockets Deal Finder

See Dave, Henry, James, and Kathy at BPCON2024 in Cancun!

8 “Under the Radar” Housing Markets With Low Prices and High Cash Flow

Buy Henry’s Newest Book, “Real Estate Deal Maker”

Jump to topic:

(00:00) Intro

(03:03) 1. Underrated Midwest Market

(09:33) 2. Small Town Texas Investing

(18:50) 3. Southern Healthcare Hotspot

(27:47) 4. Best Market Ever?

(36:22) Our Favorite Markets

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-234

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

Learn more about your ad choices. Visit megaphone.fm/adchoices

233: Housing Market “Stuck” Until 2026 as Insurance Prices Rise, Rents Slow

Thu, 11 Jul 2024 06:00:00 -0000

See Dave, Henry, James, and Kathy at BPCon2024 in Cancún, Mexico! Grab your ticket here!

The housing market is “stuck” and may stay that way for the next two years. With low inventory, high mortgage rates, stunted demand, and high rents, it seems like there’s nowhere to go. If you’re a homeowner, this could mean good news, as price stability keeps your property value high. But, if you’re looking to buy a home or work in a real estate-related industry, this isn’t what you want to hear. What happens after 2026, and what changes will come to the housing market over the next two years? We’re breaking it all down in today’s headlines show!

First, we’re discussing why economists think the housing market will remain “stuck” until 2026 and what happens to housing prices along the way. Next, if you’re looking for deals, you’re in luck! We’re showcasing some of the “coldest” markets in the US that are seeing prices start to fall already. Is your home insurance bill killing your cash flow? We’re diving into a recent survey on the insurance “shock” hitting landlords and what investors MUST do now to account for rising prices. Speaking of rising prices, are rent prices crossing the affordability threshold for most renters? We’re getting into it all in this episode!

In This Episode We Cover

Why the housing market may stay “stuck” until 2026, and what happens after

Home price appreciation predictions and whether we’ll continue to see values increase

The “cold” real estate markets seeing price cuts and stagnant listings

How new and experienced investors can prepare for the insurance “shocks” that keep coming

Affordability updates and why rent prices may be peaking as tenants struggle to afford housing

And So Much More!

Links from the Show

Grab Your Tickets to BPCon2024 in Cancún, Mexico

Join the Future of Real Estate Investing with Fundrise

Start Investing with Dave’s Newest Book, "Start with Strategy"

On The Market 218 - These “Subtle Risks” Could Have Astronomical Impacts on Real Estate Expenses w/John Sheffield

The housing market is ‘stuck’ until at least 2026, Bank of America warns

Want To Snag a Real Estate Deal? These 20 ‘Cold’ Markets May Be a Buyer’s Best Shot at a Bargain

The home insurance shock hitting the housing market has landlords concerned, too

Renters Must Earn $66,120 to Afford the Typical U.S. Apartment. The Typical Renter Makes $11,000 Less Than That.

Jump to topic:

(00:00) Intro

(03:51) Housing Market “Stuck” Until 2026

(13:59) Markets Seeing Price Cuts

(19:49) Insurance “Shock” Hits Landlords

(25:41) The Rent is Too High!

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-233

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

Learn more about your ad choices. Visit megaphone.fm/adchoices

232: Better, Faster, Cheaper Mortgages Could Be On the Way w/Major Finance CEO

Mon, 08 Jul 2024 06:00:00 -0000

The mortgage industry has just been through one of its biggest booms and busts, but some tech-first, cost-saving innovations could improve things for borrowers after this current cycle. During the low-interest rate environment, transactions were at record highs as borrowers rushed to refinance or buy homes at rock-bottom rates. But, once interest rates shot up, the volume stopped, and those in the mortgage industry saw their incomes plummet. Many had to raise prices to keep the lights on, making originating a mortgage even more expensive for borrowers. But things are changing—for the better.

Faith Schwartz from Housing Finance Strategies is here to unveil some of the groundbreaking changes the mortgage industry is making and how it could make getting a mortgage more accessible and cheaper for first-time homebuyers and investors. Faith even shares some new loan products we didn’t know about, from mortgages that help low-money-down borrowers to products that allow access to equity without refinancing or using a HELOC (home equity line of credit).

With mortgage origination costs around a whopping $13,000, Faith walks through the new technology that could dramatically reduce this high price for borrowers and lenders. Plus, an AI and high-tech push from the government could completely flip this often archaic system. If you invest in real estate, want to invest, or work in a real estate-related service, this will seriously impact you!

In This Episode We Cover

Tech-first solutions that could make originating mortgages cheaper and faster

The massive boom and subsequent bust that led to today’s struggling mortgage industry

Why originating a loan is SO expensive, and the fees that could be eliminated in the future

How the Federal government is creating new policies that help struggling buyers

New loan products that can assist first-time homebuyers and those with untapped home equity

And So Much More!

Links from the Show

Find a Lender

Join the Future of Real Estate Investing with Fundrise

Start Investing with Dave’s Newest Book, "Start with Strategy"

On The Market 220 - Top Lenders Share “Good News” for Mortgage Rates + Trending Investor Loans

Connect with Faith on LinkedIn

Jump to topic:

(00:00) Intro

(01:39) The "Perfect Storm" Mortgage Industry

(06:45) Mortgage Businesses Going Under?

(08:55) The True Cost of a Loan

(12:49) Government-Fueled Innovation

(17:33) Saving Homeowners During the Pandemic

(23:04) Tech-First Mortgages Are Coming

(25:54) New Loan Products to Know About

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-232

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231: With Slow Spring Homebuying, Zillow Predicts Price Drops in 2025

Thu, 04 Jul 2024 06:00:00 -0000

Zillow’s latest housing market forecast shows a decline in home prices over the next year after a very slow spring homebuying season. While spring is traditionally the hottest time of the housing market, with more sellers and buyers hitting the market at once, this year was stunted significantly. Will this trend continue as housing inventory remains at rock-bottom levels, or are things gradually improving, with a return to normalcy in sight? We’ve got Dr. Skylar Olsen, Chief Economist at Zillow, on to share the latest forecast and which markets could be in trouble.

With mortgage rates still hovering around seven percent, homebuyers and sellers are stuck. Sellers don’t want to trade into a more expensive mortgage payment, and buyers can’t afford today’s median home price. As a result, some under-the-radar, affordable real estate markets are seeing home and rent prices increase, while some traditionally hot markets are already seeing price corrections.

Where will the next correction hit, and which markets will have the most opportunity for real estate investors? Skylar explains it all, plus why Zillow updated their recent home price forecast to show a DROP in home values over the next year.

In This Episode We Cover

Zillow’s updated housing market forecast and why they’re predicting prices to drop

The spring homebuying season’s “extra slowdown” and why buying/selling is so stunted

Skylar’s 2025 housing market and mortgage rate predictions

What happens when mortgage rates get cut, and whether this could fire up the housing market again

The real estate markets seeing the most price corrections, plus hot markets Zillow is keeping an eye on

Markets with the strongest rent growth (for single-family AND multifamily investors)

And So Much More!

Links from the Show

Find a Lender

Join the Future of Real Estate Investing with Fundrise

Episode Show Notes

Start Investing with Dave’s Newest Book, "Start with Strategy"

BiggerPockets Real Estate 959 - BiggerNews: 2024 Housing Market Update and Why Prices Are Still Rising

Access Zillow’s Free Housing Data

Jump to topic:

(00:00) Intro

(01:41) Homebuying Sees “Extra Slowdown”

(06:56) Homes Sitting Longer

(08:39) More Inventory On the Way?

(13:42) Zillow Updates Forecast

(18:17) Markets Seeing Price Corrections

(21:35) Hot Markets

(23:00) Where Rents Are Growing

(27:10) Investors, Watch THIS

(29:53) 2025 Predictions

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-231

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230: Post-Pandemic Demand Boomerangs Back to Cities, What Should Investors Do? w/Richard Barkham

Mon, 01 Jul 2024 06:00:00 -0000

“Super cities” are seeing a massive comeback in demand—one that most investors thought was impossible. With work-from-home being scaled back by many major companies, returning to downtown is a no-brainer for high-paid employees. With more amenities than the suburbs, younger workers are being enticed back into the office. And who’s winning with all this boomeranging demand? You guessed it—office investors. We brought CBRE’s Richard Barkham back to give us the latest update on how cities and office investors are faring.

Office investing has been heavily criticized over the past few years as vacancies exploded and tenant turnover became increasingly common. Office space was an easy target as remote work became the new norm. However, trends change, and Richard sees a massive investing opportunity in certain office space sectors. But which cities are worth investing in and around? What type of office investments are faring the best? And will we continue to see downtown demand rebound?

We’ll get into it all in this episode of On the Market. Plus, stick around to hear Richard’s predictions on interest rate cuts, whether or not we’ll achieve a “soft landing,” and what investors must be looking at NOW to make significant gains over the next few years.

In This Episode We Cover

The cities seeing the biggest influx in demand and why Americans are moving back to downtown

Why the “doom loop” scenario never came true, even though so many forecasters predicted it

The one type of office investing that could see a massive surge in demand over the next two years

Richard’s “number one investment strategy” of 2024-2025 that investors MUST look into

How residential real estate investors can take advantage of the rising demand for downtown housing

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

On the Market 141 - The “Doom Loop” That Could Crash Commercial Real Estate

Hear Our Past Episodes with Richard:

On the Market 179 - A “Year of Opportunity” to Come for Multifamily, Says CBRE’s Richard Barkham

Read CBRE’s Latest Reports:

Analysis of US Prime Office Buildings

Shaping Tomorrow’s Cities

Jump to topic:

(00:00) Intro

(01:24) Cities See Returning Demand

(05:41) The "Doom Loop" Scenario

(07:16) Offices Are Filling Up Fast

(11:24) #1 Investment Nobody is Thinking About

(15:37) Investing In and Around Cities

(22:31) Rate Cuts and Economic Predictions

(26:06) Investors MUST Do This

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-230

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229: When Will Home Prices Fall? + The Affordable Housing Solution We All Want

Thu, 27 Jun 2024 06:00:00 -0000

When will housing prices drop? Will real estate prices go down, or are we stuck with ever-worsening affordability as home prices continue to rise? What’s the solution to affordable housing, and why can’t investors just build smaller, more affordable homes? Our panel of expert investors gets asked these questions all day, so in this episode, we’re taking the above questions and some others from the BiggerPockets Forums and throwing them at our seasoned investors to get their takes.

First, we ask, “What would have to happen for home prices to drop?” Investor or first-time homebuyer, you’ve probably asked yourself this question. We’ll give an in-depth scenario of the exact supply and demand factors that could cause prices to finally fall. Next, how to create affordable housing and why investors might be the answer. With high home prices, is it better to buy and hold or flip houses in today’s market? Plus, the experts share exactly WHICH markets they see the most potential in today. Finally, you’ll get the pro flipper’s tips for comping properties in a market with barely any home sales.

Do you have a question to ask the experts? Post it in the BiggerPockets Forums, and we may answer it on a future show!

In This Episode We Cover

What would cause home prices to fall and affordability to improve (and if it’s likely)

The investor-friendly solution for affordable housing that could help you build wealth while providing much-needed housing

Flipping vs. renting and what will make you the most money in today’s market

The rarely talked about real estate markets with immense potential that we’d invest in today

How to comp (compare) properties when the market is changing and there are limited home sales

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

See Henry, James, and Kathy at BPCON2024 in Cancun!

Ask Your Question on the BiggerPockets Forums

Jump to topic:

(00:00) Intro

(01:43) Could Home Prices Fall?

(07:43) How to Create Affordable Housing

(16:50) Best Time to Flip Houses?

(22:24) Where We’d Invest Today

(31:51) James’ Rules for Comping

(34:02) Ask Your Question Here!

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-229

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228: Demand for Rentals is Rebounding as Affordability Begins to Improve w/Jay Parsons

Mon, 24 Jun 2024 06:00:00 -0000

Downward pressure on rent prices is causing a “cascade” effect across all unit types. Whether you live in a luxury apartment or budget-friendly multifamily building on a busy street, you’ve probably seen asking rents lowering around you with apartment concession offers in many leasing offices. With multifamily supply hitting “peak completions,” apartment operators have had to tackle rising vacancy rates by lowering rents. But this trend could be reversing soon, just as things were getting more affordable for renters.

Jay Parsons, rental housing economist, spends much of his day searching through rental data to find trends pointing to what could happen next. We’ve brought him on to understand why rents are dropping, where they could be heading, and what happens now that multifamily construction is starting to pause.

Jay speaks on the rebounding rental demand that’s starting to show, why our “oversupply” of multifamily could quickly become a shortage, which apartment classes are seeing significant rent price discounts, and whether or not these problems could spill over into the single-family rental market. Plus, Jay gives his outlook for the next few years on whether or not rent growth will reaccelerate as multifamily construction starts fall significantly.

In This Episode We Cover

A rental demand update and why rent prices are getting more affordable

What’s causing the recent demand rebound in the multifamily rental market?

Why our multifamily “oversupply” could quickly vanish and create a new problem

Growing demand for single-family rentals and why these investors may be in a better position

When rent growth could reaccelerate and supply could shrink once again

One growing risk multifamily investors must be aware of when choosing a market

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

Rent Prices Are “Guaranteed” to Increase Over the Next Two Years—Here’s Why

Connect with Jay:

Follow Jay on LinkedIn

Jump to topic:

(00:00) Intro

(01:38) Rental Demand Rebounding?

(05:03) We're at "Peak Completions"

(07:52) What's Being Built?

(12:14) Rent Cuts For All

(18:09) Single-Family Rental Supply Shrinks

(21:04) Wage Growth Outpaces Rents

(23:12) Is It Better to Rent?

(26:19) Supply and Rent Predictions

(30:33) Big Regulatory Risks

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-228

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227: Rate Cuts Back on the Table as Inflation, Housing, and Job Market Cool Off

Thu, 20 Jun 2024 06:00:00 -0000

Will we finally get the rate cuts the Fed hinted at earlier this year? Has the job and housing market taken a big enough hit for us to still be concerned about inflation? And how are more Americans going mortgage-free during such economic uncertainty? The housing market is changing fast, but we’re here to break down all the latest data from recent headlines as we touch on inflation, rate cuts, housing market competition, foreclosure activity, and more!

We know what you want to hear about—rate cuts. We’ll touch on the latest Fed update in our first headline, as the chance of a 2024 rate cut increases with last week’s promising inflation data release. This is good news for homebuyers but may make getting a job (or keeping one) challenging. What do we mean? We’ll explain it all at the start of the show. Next, housing competition begins to drop as inventory increases and homes sit on the market longer. Will this lead to a decrease in home prices over the next year? One top listing site believes so.

With all this worry about mortgage rates, many Americans are going in the opposite direction as mortgage-free homeownership steadily increases. This could have long-lasting effects on housing inventory, but when will it hit? Finally, we touch on the increase in foreclosure activity and whether or not it’s a sign of a shaky housing market to come!

In This Episode We Cover

The Fed’s new rate cut prediction and how big the cut could be in 2024

Inflation rate updates and why financial markets celebrated last week

How a spike in new listings could lead to lower competition and on-market houses sitting longer

The steady increase in mortgage-free homeownership and what happens when these houses get inherited

Why foreclosure activity is starting to rise, but it may not mean what you think

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

Headlines from Today’s Show:

Rate Cuts

Housing Competition

Mortgage-Free Homeowners

Foreclosures

Book Mentioned in the Show:

Real Estate Deal Maker by Henry Washington

Jump to topic:

(00:00) Intro

(02:11) Fed Gives New Rate Prediction

(08:41) Housing Competition Cools Off

(22:07) Homeowners Go Mortgage-Free

(31:06) Foreclosure Activity Increases

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-227

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226: Multifamily Sales Hit 4-Year Low: More Price Declines Incoming? w/Xander Snyder

Mon, 17 Jun 2024 06:00:00 -0000

Multifamily sales are at the lowest point in the past four years. We haven’t seen transaction levels this low since the start of the pandemic and after the last housing crash. But, for buyers, this could point to some tremendous opportunities. With fewer sales could come higher cap rates, lower prices, and more profit per dollar spent on your next multifamily deal. The question is, how low will prices go, and when WILL be the right time to buy?

Xander Snyder, Senior Commercial Real Estate Economist at First American, joins the show to give us the latest update on multifamily sales, prices, cap rates, and even a prediction for 2025. Xander strongly argues that multifamily price declines could be far from over. With buyers patiently waiting for sellers to drop their prices and the cost of capital still so high, motivated sellers must act quickly to get a buyer, which could mean more price cuts.

We’ll also discuss why cap rates are expanding and how they’ve already jumped fifty percent in some markets. Plus, what could happen to rents as the “oversupply” of multifamily investments hits the market? An even better question is what happens when all that supply gets used up? We’re answering it all in this episode.

In This Episode We Cover

2024 multifamily transaction volume updates and why sales are so low

Cap rate expansion and why this is great news for buyers (but NOT for sellers)

Why multifamily price drops aren’t even close to finished

Rent price growth predictions and why multifamily investors shouldn’t be too sure that they can increase rents

How our multifamily “oversupply” could quickly become an undersupply

What to expect from the multifamily market in 2024 and into 2025 (significant changes!)

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

Multifamily Is Likely To Start Recovering in 2024—Here’s Why

Follow Xander on X

Why Apartment Rents are Poised to Decline in Former Pandemic Hot Spots (Graph)

Jump to topic:

(00:00) Intro

(01:03) Multifamily Transactions at Rock-Bottom

(04:34) Why Volume is So Low

(06:29) Buyers Are Waiting for This

(08:38) Cap Rates Expand

(13:53) Investors Will Have to Wait

(14:57) Will Prices Keep Declining?

(17:38) Multifamily Rent Forecast

(19:36) The "Oversupply" Could Flip

(23:26) 2025 Predictions

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-226

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225: Meet the New Zero-Down Mortgage + Why Lumber Prices Are Dropping

Thu, 13 Jun 2024 06:00:00 -0000

Zero-down mortgages are back. That’s right. You can now get into a home with (potentially) zero dollars out-of-pocket. But wait…this is starting to sound a bit like 2008. Remember the fully-funded mortgages that didn’t require income verification? Are we back to the days of NINJA loans as homebuyers struggle with affordability, forcing them to take on zero-down loans? Not quite. We’ll explain why on this headlines show!

This time, we’re talking about the new zero-down mortgage loan. But that’s not all. One crucial housing metric has exploded, and if you sell, BRRRR, or flip houses, this is one metric you MUST pay attention to. Remember back in 2021 when lumber prices were so high that you needed to take out a personal loan to buy a toothpick? The mahogany tables have turned as we bring some good news for new construction investors and home renovators.

Lastly, we look overseas at the international housing markets that are seeing the biggest price drops and increases. We also share where we would invest abroad and whether or not we think these markets beat the good ol’ USA. Stick around for your latest housing market update on this headlines show!

In This Episode We Cover

New zero-down mortgage loans and whether they’ll lead to risky home purchases

What you must know (and do) if you’re going to buy a home with low money down

The one home price metric you should pay attention to when flipping, rehabbing, or buying new construction

Good news for new builds and why lumber has finally returned to pre-pandemic price levels

The international housing markets seeing the biggest price drops, and whether we’d buy there or not

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

No Money Down Loans: How Do They REALLY Work?

Zero-down mortgages are making a comeback

A key home price metric has skyrocketed since 2019

Federal Reserve rate stagnation impacts wood products markets

3 International Locations Where Housing Prices Are Plummeting Post-Pandemic

Jump to topic:

(00:00) Intro

(01:22) 0% Down Mortgages Return

(14:13) Crucial Housing Metric JUMPS

(20:41) Lumber Prices Stabilize

(26:51) International Home Prices Drop

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-225

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224: Inside the New Law That Could Lead to a Nationwide Wholesaling Ban w/Gary Pickren

Mon, 10 Jun 2024 06:00:00 -0000

Wholesaling real estate may be banned nationwide within a few short years. After a new law was passed in South Carolina prohibiting the practice, other states started to follow their lead, making their own laws that limit or completely restrict wholesaling real estate. Why is this happening now, and if a nationwide wholesaling ban does get passed, are there loopholes for wholesalers to still make money assigning properties? South Carolina real estate attorney Gary Pickren is on the show to explain.

Gary is no stranger to wholesaling. He’s quick to tell you how crucial wholesaling has been to his business’s growth. But Gary isn’t trying to dance around the new laws and pretend that everything will be alright for real estate wholesalers. In fact, Gary believes that this new South Carolina law could change real estate wholesaling forever, and it may even be for the best.

We’ll describe the new South Carolina law and the legal verbiage that spells out the wholesaling ban. Gary even gives a completely legal way of getting around the new wholesaling law, but the rules MUST be followed. If you’re a wholesaler anywhere in the United States, this law directly affects you and your livelihood. Not staying up-to-date on this could, at best, cost you money or, at worst, land you behind bars.

In This Episode We Cover

Wholesaling explained and why the practice is currently in jeopardy

The newest South Carolina wholesaling law and its monumental effects on the industry

Wholesaling “assignments” defined and the risk of marketing a property in the wrong way

Whether or not this new law could lead to a nationwide ban on wholesaling

Gary’s savvy way to get around this wholesaling ban through this one type of “contract”

Whether or not this new law applies to commercial real estate wholesaling as well

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

A New South Carolina Law Would Severely Crack Down on Wholesaling

Wholesale Real Estate – What Is It & How to Get Started For Beginners

Is Wholesaling Legal? It’s Complicated

Jump to topic:

(00:00) Intro

(01:38) What is Wholesaling?

(05:33) Working Against Realtors?

(07:59) How Everything Changed

(13:52) The Real Problem with Wholesaling

(16:27) The End of Wholesaling

(20:33) Tricky Legal Language

(28:01) A Nationwide Wholesaling Ban?

(34:47) What About Commercial Real Estate?

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-224

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223: 2024 Real Estate Investing Strategy Showdown: Rentals, Flips, & New Builds

Thu, 06 Jun 2024 06:00:00 -0000

House flipping vs. renting vs. build-to-rent: which real estate investing strategies could make you the MOST money in the second half of 2024? At the beginning of the year, many investors believed that interest rates would be coming down, housing inventory would finally return to the market, and inflation had been defeated. But that didn’t turn out to be the case. In this ever-changing housing market, what should investors like you do to make the most money possible with the fewest risks? We asked three of our expert panelists to give their take!

So today, we’re having a friendly real estate investing strategy smackdown to pit house flipping against buy-and-hold against build-to-rent homes. Each strategy has BIG benefits but also comes with some serious risks rookie and expert investors should be looking out for. Plus, these investing strategies are NOT for everyone. We’ll discuss who should (and definitely shouldn’t) invest using each method.

2024 is not an easy real estate market, but our expert investors lay out the exact risks to avoid, how to get around them, and the best ways to build serious wealth while most Americans sit on the sidelines. We’ll talk about the enormous gains you can make even with high interest rates, what James calls the best way to find financial freedom, how to invest EVEN if you have very little time, and the one type of rental property with WAY lower insurance and repair costs.

In This Episode We Cover

The three best real estate investing strategies of 2024 and which methods we’re using TODAY

Buy-and-hold real estate and the CRUCIAL skill that will help you build a real estate portfolio faster

The costs that can kill your house flipping business, but the massive gains you can make EVEN in 2024

Build-to-rent investments and why this may be one of the easiest ways to invest in real estate

Don’t have experience or money? How to form partnerships that’ll grow your wealth even if you’re a beginner

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

How to Build Wealth With Rental Properties Through Buy & Hold Investing

Flipping Houses: How to Get Started and Everything You Should Know

Investors Are Putting Their Money in Build-to-Rent Homes at a Record Rate—What’s Causing the Frenzy?

Jump to topic:

(00:00) Intro

(01:18) Buy (Renovate) and Hold

(08:32) Who Should Buy and Hold?

(10:05) Biggest Risks

(12:04) Flipping Houses

(17:41) Who Should Flip?

(20:01) Biggest Risks

(22:57) New Construction

(31:34) Biggest Risks

(34:36) Best 2024 Investing Strategy

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-223

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222: Boomers Hoard Houses, Millennials Struggle to Buy, But Gen Z Gets Ahead w/Redfin’s Chen Zhao

Mon, 03 Jun 2024 06:00:00 -0000

Millennials can’t afford homes, but somehow, their younger siblings, Gen Z, can. Even with over a decade more work experience than Gen Z, Millennials still feel priced out of the housing market. So how can the younger generation, only twenty-seven years at the oldest, already be on track to beat Millennials in the homebuying race, all while mortgage rates and prices are high, inventory is low, and inflation is eating away at Americans’ disposable income? We’ve got Redfin’s Chen Zhao back on the show to explain.

Today, we’re trying to answer one question: Who is buying all the houses? With younger generations struggling to buy and more Baby Boomers aging in place, real estate investors want to know their competition and who they may be selling their homes to. In this episode, Chen breaks down the data behind age trends in homebuying, plus shares why Millennials fell behind past generations.

But that’s not all. We’re getting into the changing landscape of the “buy vs. rent” debate and whether more renters now will mean fewer homebuyers in the future. Plus, with an aging Baby Boomer generation, will we finally see the “Silver Tsunami” of housing inventory hit the market as boomers “age in place,” especially with their large share of family-sized houses? Could our housing supply problems reverse if a sizable amount of inventory hits the market? We’re answering it all coming up!

In This Episode We Cover

Why Millennials can’t afford houses, and the reason so many still don’t own homes

How Gen Z is already on track to get ahead of Millennials even with today’s economic turbulence

Buying vs. renting a home and the “mismatch” between what renters want and what landlords supply

A potential reversal of our massive housing shortage and when this could happen

Whether or not the “Silver Tsunami” will hit the housing market as boomers get older

How the increase of “aging in place” will affect home inventory as Gen Z/Millennials try to buy

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

On the Market 151 - The Math Behind Mortgage Rates and Why They’re Staying Put

Real Estate Podcast 867 - Zillow and Redfin Top Economists Give Their 2024 Housing Market Predictions

Why Are Millennials So Behind in Homeownership?

Connect with Chen:

Chen’s LinkedIn

Redfin News

Redfin’s “From Our Economists”

Redfin Report: Gen Zers and Young Millennials Took Out 40% of U.S. Mortgages in 2023

Jump to topic:

(00:00) Intro

(01:03) Are Millennials Priced Out?

(04:29) Millennials’ Lost Decade

(07:46) Gen Z is Getting Ahead

(11:08) Is Homebuying Overrated?

(16:56) The Housing Shortage Could Reverse

(19:58) Boomers Ageing in Place

(25:20) Young People are STILL Buying!

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-222

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221: Home Prices Hit Another Record: Are Americans Still Right About Real Estate?

Thu, 30 May 2024 06:00:00 -0000

Home prices are still soaring as they hit a new record high, despite high mortgage rates and low inventory dampening demand. At some point, this unaffordable housing market must make Americans even a bit bearish on real estate, right? Well, maybe not, according to a new survey that shows what Americans view as the best investment in the long term. But these updates are just the tip of the iceberg on today’s headlines show!

We’re back to discuss the housing market’s most hard-hitting headlines and share our opinions on whether they’re fact, fiction, or pure hype. First, Americans give their take on the best long-term investment, and one asset in particular reigns supreme (sorry, it’s not crypto!). Next, will record-breaking home prices push demand down even further, forcing house flippers and home sellers to get desperate? Our experts share exactly what they’re seeing in their local markets.

Speaking of home sellers, are you selling right now? If so, there are five things you CAN control that’ll help you sell your home faster and for more, even in today’s tough housing market. Expert house flipper James Dainard gives even more tips on how he gets his flips sold at lightning speed, even during slow seasons. Finally, we touch on Airbnb’s latest party-pooping and how they’re putting hosts in the driver’s seat to protect their properties from ragers that could ruin their homes. Plus, an update on the end of endless shrimp (check out this episode for context).

Just getting into real estate investing? Catch a FREE investing webinar on how you can get in the game as a complete newbie. Ready to invest? Join BiggerPockets Pro and use code “NEWMARKET24” for 20% off, plus get access to elite investor tools to help you get more deals done!

In This Episode We Cover

Why Americans think this asset is the best long-term investment

Home price updates and what the effects could be with housing prices hitting record highs

Five tips to sell your home faster and for more money even in today’s housing market

What an expert house flipper does on EVERY home he sells to get the best price possible

Airbnb’s newest party ban and how hosts can protect their properties

An unfortunate update on one of America’s most beloved seafood restaurant chains

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

BiggerPockets Real Estate Podcast 959 - BiggerNews: 2024 Housing Market Update and Why Prices Are Still Rising

Want to Sell Your Home Fast—for the Most Money? Do This

Articles from Today’s Show:

Best Long-Term Investment

Home Prices

Home Seller Tips

Airbnb Parties

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-221

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

Learn more about your ad choices. Visit megaphone.fm/adchoices

220: Top Lenders Share “Good News” for Mortgage Rates + Trending Investor Loans

Mon, 27 May 2024 06:00:00 -0000

We may be close to some serious mortgage rate relief, according to today’s panel of top lenders. With interest rates finally starting to slide after cooling inflation and lackluster job growth, investors are gaining hope that we could see more affordable mortgage rates resurface after a very harsh past two years. So, what could come next? Stick around because we’ve got mortgage rate predictions and the best investor loans to look for coming up in this episode!

Caeli Ridge, Krystle, and Kenny Simpson, our expert investor-lenders, are back on the show to give their take on the commercial and residential mortgage space. All are feeling a bit more optimistic as we see rates finally trend into the six-percent range for primary residence homebuyers, with rates up another percent or so for investors. But with today’s mortgage rates still relatively high, which loans should investors use? From DSCR loans (debt service coverage ratio) to HELOCs (home equity line of credit), construction loans, and more, we’ll get into each of these loan products and share which ones investors are taking advantage of today.

Plus, if you’re struggling to find cash flow in today’s tough housing market, our lenders offer some simple but significant solutions to boost your ROI and help you build your portfolio. Do you have an adjustable-rate mortgage? If so, you MUST heed our commercial lender’s words, as you could get a surprise increase in your monthly mortgage very soon.

In This Episode We Cover

Top lenders’ mortgage rate predictions and updates on today’s rates

Why mortgage rates haven’t fallen faster and why there’s hope on the horizon

Trending loan products investors are using to build their real estate portfolios even with high rates

Why commercial lenders are getting cautious and starting to deny this one type of loan

ADU (accessory dwelling unit) lending updates and why it could be easier to get ADU funding soon

How to boost your cash flow and maximize your ROI WITHOUT buying more properties

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

On The Market Podcast 185 - Top Lenders on Mortgage Rate Predictions + Loans You’ve NEVER Heard Of w/Caeli Ridge and Krystle and Kenny Simpson

BiggerPockets Daily Podcast 1263 - Investors: Stop Worrying About Interest Rates—Here’s Why Right Now Is the Time to Buy

On The Market Podcast 184 - Fannie Mae’s Mortgage Rate “Range” to Expect in 2024 and 2025

Connect with Caeli :

Caeli's BiggerPockets Profile

Caeli's Instagram

Caeli's LinkedIn

Caeli's Website

Connect with Krystle and Kenny:

Kenny's BiggerPockets Profile

The Simpson Team's Website

Jump to topic:

(00:00) Intro

(01:07) Mortgage Rate Predictions + Update

(08:16) Trending Loan Products

(11:29) Commercial Lenders Get Cautious…

(19:41) Everyone’s Building ADUs!

(26:29) Advice for 2024 Investors

(33:07) Work with a Solid Lender

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-220

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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219: Should You Pay Off Your Rental Property, Reinvest, or Buy More in 2024?

Thu, 23 May 2024 06:00:00 -0000

If you’re like most investors, you’ve probably asked yourself, “Should I pay off my rental property early?” With today’s high mortgage rates, troublesome inflation, low inventory, and risky economy, many investors don’t know whether it’s the right move to pay off their mortgage, reinvest in their properties, or go out and buy more. Paying down your debt gives you a guaranteed return, but with home prices still climbing, you could miss out on the sizable appreciation of getting another rental.

On today’s show, we’re going to debate which is the best move to make. Should you pay off debt, buy more investment properties, reinvest in your portfolio, or put more money down when you buy? Each investor has a different method for their next move, but thankfully, our expert panel gives their thought processes for figuring out which decision is best for your portfolio. Henry even shares his “three buckets” framework that EVERY investor should think through BEFORE investing or paying off a property.

We’ll also discuss the crucial calculations you can use to help you decide and avoid analysis paralysis if you’re stuck between choices. Plus, how a high-risk house flipper like James protects himself from downsides even during tough markets like today. Don’t pause on making moves that could help you reach financial freedom; stick around, and we’ll show you exactly how to know which moves to make in 2024’s housing market!

In This Episode We Cover

Whether to pay off your mortgage early, reinvest, or buy more properties

Why EVERY investor needs to calculate return on equity (ROE) on their portfolio

Is it too risky to invest today? Why James is making even more high-risk investments in 2024

The “three buckets” of your real estate portfolio that will help decide what you should do with your cash

What to do with extra money and how to make some serious passive income with private money lending

The only time when we would put a large down payment on a rental property

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

Should You Pay Off Your Mortgage Early or Invest?

BiggerPockets Real Estate 622 - ROE over ROI and Why Your “Cash Flow” Number is Deceiving

Books Mentioned in the Show

Real Estate by the Numbers by Dave Meyer

Start with Strategy by Dave Meyer

Jump to topic:

(00:00) Intro

(02:06) Too Risky to Invest?

(09:18) Pay Off Debt Instead?

(15:56) Value-Add and Reinvesting

(23:55) Putting More Money Down

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-219

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

Learn more about your ad choices. Visit megaphone.fm/adchoices

218: These “Subtle Risks” Could Have Astronomical Impacts on Real Estate Expenses w/John Sheffield

Mon, 20 May 2024 06:00:00 -0000

Owning real estate could get expensive—yes, even more expensive than it already is today. Insurance prices, property taxes, maintenance costs, and more are going through the roof, and there isn’t much stopping these costs from jumping even more. What’s accelerating the rise in these upkeep costs? Hotter summers, colder winters, and more natural disasters. Growing climate risk is making real estate deals harder and harder to pencil, and even some safer areas to invest are seeing sizable pricing upticks.

John Sheffield from ICE brings us the latest data on the financial impacts of climate risk in this episode. When we say “climate risk,” we know what you’re thinking: hurricanes, tornadoes, and wildfires. But that doesn’t even scratch the surface of what’s causing real estate expenses to jump. Areas of the US with once-cool summers are now experiencing record-breaking heat, increasing hail damage is denting roofs and breaking windows, and flooding has become the norm. These subtle climate effects have huge implications for your bottom line. So, what should you do to secure the profit you’re looking for on your next property?

John hits on the expenses that are rising the most, the areas where home upkeep costs could almost mirror monthly mortgage payments, and what investors must do when underwriting their next deal to account for this massive jump in expenses.

In This Episode We Cover

The actual cost of climate risk and the expenses that are seeing the most significant pricing surges

Why even areas without hurricanes, fires, or tornadoes are still at significant risk

Property tax problems and underfunded local governments that could quickly raise taxes

Insurance underpricing that could lead to even more expensive home protection

Areas where home prices could drop as a result of inflated home expenses

Where to find and track climate data so you know where (and where not) to invest

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

BiggerPockets Real Estate 951 - BiggerNews: Why Low Mortgage Rates Can’t Solve Our Affordability Crisis

BiggerPockets Real Estate 895 - BiggerNews: How Climate is Exploding Insurance, Building, and Investing Costs

Growing Home Insurance Costs Will Destroy Your Cash Flow—Here’s What You Can Do About It

Jump to topic:

(00:00) Intro

(01:31) Costly Climate Risk

(07:56) A Huge Insurance Problem

(14:31) Property Taxes and Utility Costs

(20:38) Maintenance Inflation

(22:54) What Investors Must Do

(25:22) Prices Could Drop Here

(30:08) Where to Find Climate Data

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-218

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

Learn more about your ad choices. Visit megaphone.fm/adchoices

217: Economic Pessimism Peaks, So Why Are Investors Still Buying?

Thu, 16 May 2024 06:00:00 -0000

The unemployment rate begins to rise as job growth slows in the latest jobs report, prompting many to wonder, “Will this finally lead to interest rate cuts?” With so many investors waiting and hoping for rates to fall, this metric may point to exactly what the Fed is looking for. But while waiting for rate cuts, investors could miss out on a huge opportunity to buy at discounted prices. If you’re sitting on the sidelines, you could be making a big mistake. What do we mean? We’re getting into it all in this headlines show!

We’ve got four economic news stories to discuss today, ranging from Redfin’s $9.25 million settlement as part of the agent commission lawsuits to new jobs report numbers and what Americans really think about the economy. First, we’ll touch on Redfin news as the discount brokerage settles in what seems to be the never-ending NAR lawsuit. Next, Americans think now is the worst time to buy a house. Do we disagree? Not really! But, we do believe it could get even worse very soon for those who don’t buy before it’s too late.

Next, we’ll review the latest jobs numbers, from rising unemployment to slowing growth, and whether this will prompt the Fed to finally cut rates. Lastly, we’ll hit on consumer sentiment and America’s growing economic pessimism. With so many Americans living in financial fear, why aren’t we seeing a drop-off in travel and consumer spending? If you’re listening to this episode on a plane to Europe with your designer bag and $500 headphones, we’re talking about you! Stick around as we break down the top economic headlines and their impacts on the housing market.

In This Episode We Cover

The latest agent commission settlement and the huge payout from Redfin

Is now the worst time to buy a house, and what happens if home prices keep rising?

The one type of real estate that may see a serious uptick in demand over the next few years

New jobs report numbers and whether this could finally prompt the Fed to lower rates

Consumer sentiment and the extremely confusing economic pessimism we’re seeing now

Why you DON’T have to wait for rates to drop to get your next real estate deal

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

Grab Dave’s Rent vs. Buy vs. House Hack Calculator

Articles from This Episode:

Jump to topic:

(00:00) Intro

(01:13) Redfin Settles in Commission Lawsuit

(06:03) Worst Time to Buy a House?

(16:25) Job Growth Slows, Will Rates Drop?

(27:47) Economic Pessimism Peaks

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-217

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

Learn more about your ad choices. Visit megaphone.fm/adchoices

216: Squatters’ Rights: What Lawyers Want Landlords to Know in 2024 w/Denise Medina and Patrick MacQueen

Mon, 13 May 2024 06:00:00 -0000

Squatters' rights have been a serious subject of debate over the past few years. It seems that more and more investors and even one-off landlords are dealing with squatters staying in their homes, whether they’ve had a lease in the past or not. This puts landlords in a strange predicament: try to get squatters out the legal way or offer unconventional incentives to entice the squatters to leave on their own accord. But how can a landlord prevent squatters from getting inside in the first place?

Denise Medina and Patrick MacQueen, attorneys based in Detroit and Phoenix, are here to share exactly what a landlord must know about squatters’ rights and how to get a squatter out of your property legally. With new squatter laws taking effect in states like Florida, it seems that landlords and local governments have had enough. However, squatters’ rights remain strong in many other areas, such as James Dainard’s own Seattle, Washington. So what can landlords from either coast do to get squatters out?

We’ll break down where squatters’ rights even came from, how landlords can get the legal upper hand and get a squatter OUT of their property, the exact steps a landlord should take, the prevention methods to stop squatting in the first place, and how James deals with squatters frequently without ever having to go to court!

In This Episode We Cover

Squatters’ rights explained, and the ancient laws that they’re based on

Why state governments are getting tired of squatters and tightening up their laws

What qualifies someone as a “squatter,” and why it’s MUCH broader than you think

Evictions 101 and the steps every landlord should take to get a squatter out

“Cash for keys” and maneuvering around the courts to remove squatters

Trespassing vs. squatting and why the police CANNOT simply come and take a squatter away

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

biggerpockets.com/findapm

Property Manager Finder:

Learn to Be a Landlord with the BiggerPockets Bootcamps

Real Estate Rookie Podcast 360 - Trespassers Took Over My Property! (How to Get Rid of Squatters ASAP)

BiggerPockets Real Estate 390 - 7 Figures From ONE Deal With Leka Devatha

Connect with Denise:

https://www.thefgfirm.law/attorneys/denise-medina/

Connect with Patrick:

www.medalistlegal.com

Jump to topic:

00:00) Intro

(02:17) "Squatting" Explained

(06:00) A Rise in Squatters?

(10:22) Squatters' Rights

(19:01) What Landlords Can Do

(26:19) Tips for Landlords

(28:15) How Squatting is Changing

(33:03) Cash for Keys

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-216

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

Learn more about your ad choices. Visit megaphone.fm/adchoices

215: How “Switching Costs” Hold the Housing Market in Limbo w/Lance Lambert

Thu, 09 May 2024 06:00:00 -0000

The housing market has seen unprecedented home price growth in the 2020s. Already, we’ve almost beat the past three decades, and we aren’t even halfway through our own. And now, with home price growth slowing, many people wonder how we’re still in a position of high housing costs and low inventory. The answer is simple: “Switching costs” are holding the housing market in limbo, and the more you know about them, the more our current situation makes sense.

Put simply, “switching costs” are not only the financial but also the psychological costs of selling your current home and buying a new one. With mortgage rates close to double what most Americans have locked in, there’s a substantial financial consideration when purchasing a new home. Lance Lambert, co-founder of ResiClub and housing data authority, is on the show today to talk about home prices, housing inventory, and how “switching costs” influence both.

Lance details how our massive home price acceleration put many Americans in an affordability bind, making “switching costs” higher than in recent history. So, how do we cross the threshold to enter a time when “switching costs” are low, prices are stable, and housing inventory returns? Lance walks through exactly how to tell the direction your local housing market is going in and the data investors must look at to get a better sense of how home prices and housing inventory are trending.

In This Episode We Cover

“Switching costs” explained and why they’re keeping the US housing market in limbo

The “lock-in effect” that’s suppressing our housing inventory and keeping owners from selling

Inflation’s sizable role in the massive home price appreciation we’ve been seeing

The slow recovery in active listings and how far behind pre-pandemic levels we are

The one data point you must follow if you want to gauge how healthy your local housing market is

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

On the Market 108 - How the Pandemic Polarized America’s Property Market w/Lance Lambert

On the Market 189 - The Fed’s Plan “Backfired,” Now They’re Scrambling w/Logan Mohtashami

National home price growth this decade has already surpassed that of the entire 1990s and 2010s

214: What to Know About “Capital Calls” As Multifamily Syndications Get “Squeezed” w/Brian Burke and Mauricio Rauld

Mon, 06 May 2024 06:00:00 -0000

Multifamily syndications are getting squeezed. With short-term financing coming due and mortgage rates at multi-decade highs, syndicators are calling on their original investors to raise more money so they don’t lose the deal. The problem? If you’re an investor, how do you know if your additional investment will ever be returned? Could a syndication simply burn through your money without making any promising changes to the investment? What should you know BEFORE you put up the cash for a capital call? We brought two syndication experts, Brian Burke and Mauricio Rauld, on to share their tips for navigating capital calls.

Before we start, let’s clarify this isn’t exclusively a syndication or multifamily problem. Much of the commercial real estate market is facing financing problems as loans come due and mortgage rates stay high. However, this problem has become a lot more common for syndication investors since rates started rising. In this episode, we’ll break down what a capital call is, why syndications do them, whether or not you’re obligated to invest more, and what investors MUST look for before putting up cash.

If a capital call comes your way, we have the exact questions you should ask the syndicator to ensure your money is being used correctly. Plus, if you’re a syndicator or plan on being one in the future, we share the steps to pull off a capital call the right way and make your investors whole. Making the wrong move could cost not only your investor’s money but also your money and lead to serious legal consequences. Don’t get stuck in that spot; stick around!

In This Episode We Cover:

Capital calls explained, why they happen, and why they’re becoming common in multifamily

Syndications 101 and the reason they’ve become popular among passive investors

Commercial lending problems and the bridge loans that are squeezing multifamily investors

What investors MUST look for when a capital call comes their way and the questions to ask

The right way to execute a capital call and the steps every syndicator should follow

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

On the Market 71 - The Multifamily “Bomb” is About to Blow, Here’s What You Need to Know

Recent Episodes with Brian:

On the Market 147 - Top Multifamily Investors’ Advice for Buyers in 2023? DON’T Do It!

Real Estate Podcast 900 - The Truth About Real Estate Investing in 2024 (What Investors NEED to Know)

BiggerPockets Money 219 - Syndications: Everything You Need to Know BEFORE You Invest

Connect with Brian:

Mauricio's BiggerPockets Profile

Connect with Mauricio:

Book Mentioned in the Show:

The Hands-Off Investor by Brian Burke

Jump to topic:

(00:00) Intro

(03:24) What’s a Syndication?

(08:05) Multifamily is Getting “Squeezed”

(12:57) Why “Capital Calls” Happen?

(16:20) What Investors MUST Look For

(22:25) Sponsor Loans and Raising More Money

(28:26) Ask THESE Questions

(37:56) The Right Way to Capital Call

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-214

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

Learn more about your ad choices. Visit megaphone.fm/adchoices

213: Home Prices Stagnate in The South and America’s New #1 Housing Market

Thu, 02 May 2024 06:00:00 -0000

Texas and Florida are seeing stagnating home prices as housing inventory booms while demand slips away. Housing is still expensive, but with more inventory, why is it staying that way? While the southern states catch their breath from the unprecedented demand of 2020 - 2022, a new housing market is taking control as one of the hottest areas in America. Is it all hype, or could this housing market really be a winner? We’re touching on this week’s news in today’s headlines episode!

But first…shrimp. How much shrimp is too much shrimp? Apparently, miscalculated shrimp is a very costly mistake, as a beloved American chain restaurant could be declaring bankruptcy due to a costly “all you can eat” deal gone wrong. But before we get into crispy bottom feeders, we’ll talk about the home price woes Florida and Texas are facing as their inventory booms, but home prices stay stagnant. Speaking of stagnation, we discuss “stagflation” and whether or not this economy-killer could hit the US.

With Americans getting fed up with the South’s high prices, a new Midwest market has been named America’s new #1 housing market, but would WE invest in it? From market saturation to stagflation, shrimp miscalculations, and top housing markets, we’re wrapping up this week’s economic news so you can invest better than the rest, so stick around!

In This Episode We Cover:

Southern inventory booms and why home prices are stagnating in once “hot” markets

The nation’s new #1 housing market in a surprisingly small city you probably haven’t heard of

Growing love for affordable housing markets and why so many Americans and businesses are moving

Stock market sliding and the real fear that “stagnation” could hit the US economy

The one chain restaurant that may be going bankrupt because of a jumbo-shrimp-sized miscalculation

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

Texas and Florida Home Prices

Headlines from Today’s Show:

New #1 Housing Market

Stagflation

Shrimp

Jump to topic:

(00:00) Intro

(00:55) Texas and Florida’s Inventory Booms

(07:31) #1 Housing Market in America

(15:06) Next Stop, Stagflation?

(23:46) Going Bankrupt On Shrimp

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-213

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

Learn more about your ad choices. Visit megaphone.fm/adchoices

212: Receivership Real Estate: The Hidden Inventory Only Experts Know About w/Jake Flothe

Mon, 29 Apr 2024 06:00:00 -0000

When housing inventory is low, where do you go? Foreclosure rates are down, short sales are a hassle, and the open housing market has barely any sellers—is there a better way to find deals? Yes! Enter real estate receivership—the hidden housing inventory that our own James Dainard has been using for years to get better deals than what’s on the market. How do they work, and what’s behind these discounted deals?

Attorney Jake Flothe works with receiverships daily and has seen the inside and out of these transactions that most real estate investors know nothing about. In short, receivership is when a court-appointed receiver takes control of a property in order to sell it to pay back creditors on the borrower’s behalf. This alternative to foreclosure and bankruptcy helps many real estate investors and everyday Americans escape a financial bind and can bring better properties to your investment portfolio.

Jake gets into the nitty gritty of why someone would go into receivership, how to finance these discounted deals, the vast benefits of receivership over foreclosure or short sales, what the bidding and buying process looks like, and the one clause that could kick you out of an amazing receivership deal.

In This Episode We Cover:

The hidden inventory of “receiverships” that most investors have no idea about

Why receivership real estate may be an even better deal than foreclosures

The bidding process and how to start putting in offers on these discounted deals

A BIG reason why foreclosures are down and receiverships are “ramping up”

One clause that could completely ruin your receivership deals

Why YOU may need to consider receivership if your deal goes sideways

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

What is a Foreclosure? The Complete Guide

HousingWire CEO: This Inventory Shortage Could Last Decades

Connect with Jake:

Jake's LinkedIn

Jake's Website

Jump to topic:

(00:00) Intro

(01:50) What is Receivership?

(06:05) Can You Finance It?

(07:40) Better Than Short Sales?

(11:54) Bidding and Buying

(16:36) Receivership is “Ramping Up”

(21:20) The “Bump” Clause

(23:33) Fewer Foreclosures?

(24:36) How to Buy Receivership Properties

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-212

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

Learn more about your ad choices. Visit megaphone.fm/adchoices

211: The New Reform That Could Unlock $1B+ for Affordable Housing w/Sharon Cornelissen

Thu, 25 Apr 2024 06:00:00 -0000

America is in need of affordable housing; we’re all aware. Buying your first home has become increasingly challenging for everyday people. This is where housing subsidies come in. Federal housing subsidies were created over ninety years ago to help Americans get into the housing market and strengthen the economy, but in 2024, much of that money may not be headed to homebuyers—it could be going to banks instead.

On today’s show, we talk to Sharon Cornelissen, Ph.D., Director of Housing at the Consumer Federation of America. Sharon’s mission is to advocate for safe, affordable housing with equitable mortgage lending for American consumers. In this episode, Sharon illuminates the shocking fact that most Americans are completely unaware of—billions in housing subsidies AREN’T being used for housing. So, if they’re not going to homebuyers, where are all the subsidies headed?

Sharon discusses the banks that could be receiving a significant amount of these subsidies without providing any benefits for homebuyers, how the Coalition for Federal Home Loan Bank Reform is trying to change this, and how, if they succeed, affordable housing could see a MASSIVE influx in subsidies, that could help the housing market tremendously.

In This Episode We Cover:

Where the $7.3 billion in housing subsidies is actually going

The Federal Home Loan Bank system and why it’s in dire need of reform

How the mortgage market changed over the past century and why we’re seeing these problems

How over $1 billion could be directed straight towards affordable housing

How Sharon picked up a $7,000 house in one of the most devastated real estate markets

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

Consumer Federation of America

Federal Home Loan Banks

Connect with Sharon:

Coalition for FHLB Reform

Sharon's LinkedIn

Sharon's X/Twitter

Jump to topic:

(00:00) Intro

(01:17) Buying a $7,000 House!

(04:41) $7.3B in Housing Subsidies!

(11:45) Is It Working?

(14:44) The Big Problem

(18:59) A Solution for Affordable Housing

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-211

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

Learn more about your ad choices. Visit megaphone.fm/adchoices

210: Why More Investors Are Building Wealth with "Walkable" Properties w/Jeff Speck

Mon, 22 Apr 2024 06:00:00 -0000

Over the past few years, you’ve probably heard the term “walkability” thrown out. For those who have lived in big cities, this is a common factor to use when deciding where to live or work. If you can catch a quick bus or walk to the office, the grocery store, restaurants, or a movie theater, there’s a fair chance you’ll pay more for where you live. But, most real estate investors aren’t thinking about this, and their ignorance could cost them.

Jeff Speck, city planner and writer, is on the show to discuss how walkability, smart urban planning, and intentional property design can help you make much more money while improving the lives of your tenants and neighbors. Jeff has seen time and time again how smart urban planning leads to higher home appreciation and rents and a safer, happier community. The problem? Most of us are stuck in car-reliant American suburbs with little walkability and lacking public transportation.

After hearing this episode, you’ll easily be able to spot the properties that will grow faster in value due to smart city planning. So, before you go out and buy your next property, make sure it aligns with Jeff’s four components of walkability because if it does, you could have a valuable property on your hands that most other investors won’t even notice!

In This Episode We Cover:

Walkability explained and why this is such a crucial factor in home and rent prices

The four components of walkability and how to ensure your property fits

The huge portion of Americans who want walkable properties and communities

Mixed-use development and why Americans want more than big yards and big houses

Urban design trends to pay attention to that could change the real estate landscape

How to get your city leaders to take the steps to building more walkable communities

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

Connect with Jeff

Books Mentioned in the Show:

Walkable City by Jeff Speck

Walkable City Rules by Jeff Speck

Suburban Nation by Andrés Duany

The Death and Life of Great American Cities by Jane Jacobs

Homelessness is a Housing Problem by Clayton Page Aldern and Gregg Colburn

The High Cost of Free Parking by Donald Shoup

(00:00) Intro

(01:07) Why We Need “Walkability”

(07:32) Americans WANT Walkable Spaces

(09:49) Bringing Back Walkable Cities

(15:19) Profit Potential to Look For

(19:33) Will This Increase Affordability?

(25:13) Urban Design Trends to Watch

(33:01) What Investors Should Do

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-210

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209: The On the Market Awards: These Markets and Strategies Will WIN in 2024!

Thu, 18 Apr 2024 06:00:00 -0000

Welcome to the first-ever On the Market Housing Market Awards! This year, we’re giving out awards for the best housing market in the country, best beginner real estate investing strategy, best experienced investor strategy, and most negative impact on real estate.

But we’re not just giving out the awards; we’re also getting one, as On the Market has recently been named a 2024 Webby Honoree for business podcasting! With over 13,000 podcast applicants, we made it to the top ten!

We’re honored to have been honored, but it’s even more of an honor to share our On the Market housing market picks with you in today’s episode! First, we’re pitting the country against itself to see which region has been giving the biggest win to investors. Then, we’re going over the beginner investor strategy that anyone can use to start building wealth in 2024 (it’s almost a cheat code!). For experienced investors, we share the best strategy that you can use to sit back and collect passive cash flow. Finally, we give our award for the most negative impact on the housing market; who will win: high interest rates, low inventory, inflation, or the “YouTube crash bros”?

Thank you again to the Webby judges for choosing On the Market as one of the best business podcasts in the world! And thank you, our listeners, for tuning in and loving On the Market—we wouldn’t be here without you!

In This Episode We Cover:

The newest podcasting award for the entire On the Market team

The best housing market in the country to invest in (and whether or not it’ll last)

One investing strategy that ANY real estate beginner can use to start building wealth

How to make truly passive income with this experienced real estate investing strategy

Why you CAN’T trust the "YouTube crash bros" who keep telling you housing is about to tank

Whether or not Dave is wearing sweatpants under his suit while recording this episode

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

2024 Webby Business Podcast Honorees

Book Mentioned in the Show:

Lend to Live by Alexandria Breshears and Beth Pinkley Johnson

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-209

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208: New Policies Take Aim At Boosting Affordable Housing, Investors Could Benefit w/Dennis Shea

Mon, 15 Apr 2024 06:00:00 -0000

America is in an affordable housing crisis. With home prices rising dramatically over the past four years and rents following right along, tens of millions of Americans are spending a significant chunk of their income just to put a roof over their heads. This means less money in Americans’ pockets for education, nutritious foods, investments, or an emergency fund. But, new government policies could help lessen the budgeting blow Americans are feeling from unaffordable housing costs, and investors may be able to help while turning a profit.

Dennis Shea, Executive Director of the J. Ronald Terwilliger Center for Housing Policy at the Bipartisan Policy Center, has been fighting for affordable housing long before the recent ramp-up in housing costs. Today, we ask Dennis what caused our unaffordable housing market, why it got even worse after the pandemic, the impacts high home prices have on the economy, and the potential solutions every investor should know about.

We even ask the uncomfortable question: Are investors to blame for the state of housing prices? But worry not—Dennis shares numerous ways investors can actually help low-income households and their communities while turning a profit with affordable housing development. If you’re looking to invest while building an even better housing market, this is the episode for you!

In This Episode We Cover:

Why America is experiencing such a shortage of affordable housing units in 2024

The “root of the housing crisis” that MUST be solved for our housing market to stabilize

Why housing became even more unaffordable after the pandemic

One potential solution that could be a massive win-win for real estate investors and tenants

The affordable housing tax credit that could see a fifty-percent boost is passed

What investors can do to help build affordable housing WHILE turning a profit

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

A Bipartisan Opportunity To Address the Affordable Housing Crisis | Opinion

Resources Mentioned from Today’s Show:

Bipartisan Policy Center

Exploring the Affordable Housing Shortage’s Impact on American Workers, Jobs, & The Economy

The American Housing Act

The Impact of Zoning On Housing Affordability

Connect with Dennis:

J. Ronald Terwilliger Center Website

Dennis' LinkedIn

Dennis' X/Twitter

Check out more resources from this show on BiggerPockets.com: https://www.biggerpockets.com/blog/on-the-market-208

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207: What Happens If Interest Rates Stay High?

Thu, 11 Apr 2024 06:00:00 -0000

Mortgage rates were supposed to be going down by now, but what happened? Even in late 2023, many housing market experts predicted that we’d be seeing high to mid six percent mortgage rates at this point and hovering around the high five percent rate mark by the end of the year, but the Fed isn’t showing any sign of lowering rates soon. Some experts even believe rates could go UP again this year as the job market stays hot and the economy sees unprecedented strength. This begs the question: What IF mortgage rates remain high?

It’s a reality many of us don’t want to see, but 2024 could end with minor, if any, rate cuts, keeping monthly mortgage payments high and affordability low. So, what should an investor do in this situation? Sit on the sidelines? Invest in a different asset class? Pray to Jerome Powell? While that last option may be worthwhile, top real estate investors are saying that NOW is the time to buy BEFORE rates fall. What do we mean?

We’ve got the entire expert investor panel here to give their take on what investors should do IF rates don’t fall. From house flipping to long-term buy and hold rentals, our nationwide panel of investors shares exactly what they’re doing to make money even with high interest rates. Plus, we’ll give our predictions on when rates could fall, what will happen to housing inventory, what young people should do NOW to get their first house, and why investors need to “reset” if they want to thrive in this high rate housing market.

In This Episode We Cover:

Mortgage rate predictions and when interest rates could finally start falling

What should investors do IF mortgage rates stay high throughout 2024

The “lock-in effect” and whether or not high rates are leading to lower inventory

The homes that are flying off the market in many areas (and the ones that are sitting)

How young people can creatively get into their first home or investment property

Why investors MUST “reset” their expectations if they’re to build wealth in this housing market

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

The Federal Reserve Leaves Rates Untouched as Pressure Mounts on Inflation

Top Lenders on Mortgage Rate Predictions + Loans You’ve NEVER Heard Of

Why Mortgage Rates AREN’T Falling

Check out more resources from this show on BiggerPockets.com: https://www.biggerpockets.com/blog/on-the-market-207

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206: The Hidden Risks of “Subject To” Real Estate w/Eddie Speed

Mon, 08 Apr 2024 06:00:00 -0000

For the past few years, “subject to” real estate has been all the rage. Everyone is talking about how they scored a great real estate deal by taking over a seller’s rock-bottom interest rate mortgage payment. You see it all over social media, “I got this house for zero dollars down with a three percent mortgage rate!” And while this may seem too good to be true, the practice of subject to real estate isn’t illegal, but some of its huge risks could ruin an inexperienced real estate investor.

So, who do we have on to talk about subject to? Eddie Speed! Eddie is a creative financing master who’s been in the real estate note investing business for over forty years. Eddie has been around the block more than most and has seen the good and bad sides of subject to real estate. It’s become alarming to Eddie how many inexperienced investors are using this strategy without knowing the risks, putting their wealth and, more importantly, sellers in danger by being far too cavalier about the massive downsides of getting this real estate strategy wrong.

Eddie walks through exactly how subject to works, the one clause that could blow up your entire deal, what will trigger it, the difference between subject to and assumable loans, who should be using subject to, and who DEFINITELY shouldn’t. Even if you’ve done a subject to deal before, you’d better stick around for this one, because you may have gotten it wrong.

In This Episode We Cover:

Subject to explained and whether this “no money down” strategy is worth the risk

Subject to real estate vs. assumable mortgages and why these are NOT the same strategy

The “due on sale” clause that could ruin your entire deal (and what triggers it)

A workaround to the “due on sale” clause that most investors get WRONG

Who should be investing in subject to real estate (and why it’s probably NOT you)

Often overlooked state laws that could put you in hot water if you’ve done a subject to deal

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

Subject To Real Estate Explained

Connect with Eddie

Eddie's Facebook

Eddie's Website

Check out more resources from this show on BiggerPockets.com: https://www.biggerpockets.com/blog/on-the-market-206

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205: Squatters' Rights, Rent Caps, and Blackstone Gets Ready to Buy

Thu, 04 Apr 2024 06:00:00 -0000

Squatters’ rights are quickly being stripped away as more states move to end this widespread illegal occupation of private property. Blackstone predicts real estate prices to “bottom” as they gear up to go on their next homebuying shopping spree. Rent increases get capped for affordable housing, and why doesn’t the American public know about the BILLIONS of dollars in government housing subsidies? It’s another wild week in the housing market, so let’s get you up to speed.

In this Headlines Rumble show, we’re pitting the top housing market headlines against each other as we dive deep into the stories that affect real estate investors the most. First, we talk about DeSantis’ war against the squatters, as Florida becomes one of the first states to take action against squatters illegally occupying private property. Next, we discuss the $7.3 billion in housing subsidies that banks receive but AREN’T flowing into homebuyers’ pockets. So, where is all that money going?

Blackstone predicts real estate will “bottom” soon as they prepare to buy over $1 billion in single-family homes this year. If one of the most data-backed hedge funds in existence is saying now is the time to buy, should you begin searching for your next property? Finally, we’ll discuss the recent rent caps for affordable housing that are stopping landlords from increasing their rents even during times of quickly rising costs.

In This Episode We Cover

Squatters’ rights explained and why states are finally saying no to squatting

The massive homebuying subsidies that no one knows about (but should!)

Blackstone’s bet on a “bottoming” housing market and whether or not this means you should buy NOW

Affordable housing rent increase caps and why this may lead to even less affordable housing

The winning real estate market in our “Market Madness” bracket!

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

Market Madness: 8 Housing Markets We’d Place Big Bets on in 2024

Flip/Off: Whose House Flip Can Pull In the Biggest Return?

Articles from Today’s Show:

Squatters

Delinquency Rates

Home Renovation Costs

Housing Subsidies

Blackstone

Rent Caps

Check out more resources from this show on BiggerPockets.com: https://www.biggerpockets.com/blog/on-the-market-205

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204: Agents React to NAR Lawsuit Commission Change

Mon, 01 Apr 2024 06:00:00 -0000

The NAR lawsuit changed the real estate industry overnight. Just like that, buyer’s agents were no longer getting their standard three percent commission, and many investors began imagining what buying and selling homes would be like without realtors. But is this massive NAR settlement as dramatic as the headlines are making it out to be? Is there really an agent exodus on the horizon, or is this just a way for the bad agents to exit the industry quickly? We brought on a panel of top investor-friendly agents to find out.

Joining us are four agents from across the nation: Avery Carl, Craig Curelop, Juliet Lalouel, and Mike Savegnago. All of these agents are affected by the recent NAR lawsuit settlement, but they don’t seem so shaken up. For many of these agents, this lawsuit simply thinned the competition, putting the expert agents back on top while showing the less-than agents the door. Plus, after the recent deals they’ve done, they’re not too concerned about a lack of buyer’s agent fees.

Today, we’re asking each of them their thoughts on the changes to the NAR’s rules, how this will affect buying and selling homes, what this means for real estate agent commissions, and what agents should do NOW to get ahead of the game. Plus, since our agent panel is all investors as well, they give some crucial advice on finding an agent in your area that will help you build your real estate portfolio even bigger.

In This Episode We Cover:

The NAR lawsuit explained and what it means for real estate agent commissions

A “huge exit of agents” and how this could change the real estate industry forever

What to do when a seller offers you or your buyer’s agent a zero-percent commission

What real estate agents need to start doing NOW to ensure they still get paid

The key signs of an investor-friendly agent that any landlord should be looking for

Massive downsides of buying or selling without an agent (it will cost you…)

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

Avery's BiggerPockets Profile

Craig's BiggerPockets Profile

Craig's Facebook

Craig's Instagram

Craig's Website

Juliet's BiggerPockets Profile

Juliet's Instagram

Juliet's Brokerage Instagram

Juliet's YouTube

Juliet's Website

Mike's BiggerPockets Profile

Mike's Facebook

Mike's LinkedIn

Breaking: NAR Settles for $418M, Buying and Selling Homes Could Change Forever

Check out more resources from this show on BiggerPockets.com: https://www.biggerpockets.com/blog/on-the-market-204

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203: Compass Settles for $57.5 Million, Inventory Jumps, Fed Talks Rate Cuts

Thu, 28 Mar 2024 06:00:00 -0000

Compass is the latest brokerage to settle after the recent NAR lawsuit made sweeping changes to agent commission payments. With NAR, Keller Williams, Compass, and more associations and brokerages paying out massive settlement fees and rewriting their agent agreements, could we be on the cusp of even more lawsuits to come? We’re breaking it all down in this week’s On the Market headlines episodes!

First, we’ll discuss what happened in the Fed meeting last week and whether interest rate cuts could still be coming down the line in 2024. Unsurprisingly, the Fed has forecasted even stronger economic growth than expected, but will this hold rates where they are? Next, Compass pays $57.5 million to settle their antitrust lawsuit, but even with this week’s news and last week’s NAR settlement, many top agents aren’t seeing much of a change in demand.

Redfin reports on a sizable bump in housing inventory, with the “biggest increase in nearly a year,” as more homes for sale begin hitting the market. This is great news for the housing market, but will it start to slow down sales? Finally, we discuss how much you have to make to afford a $500K home and how affordability struggles could keep many Americans renting for much longer than they anticipated.

In This Episode We Cover:

Compass’ recent agent commission lawsuit settlement and what this means for investors

The Fed’s rate cut predictions for 2024 and when we can expect rates to finally fall

Strong economic projections from the Fed that point to a successful soft landing

What the annual spring housing inventory increase could do to the market (will it even make a dent?)

Housing affordability and how much you need to make to buy a $500K home

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

Breaking: NAR Settles for $418M, Buying and Selling Homes Could Change Forever

Flip/Off: Whose House Flip Can Pull In the Biggest Return?

Headlines from Today’s Episode:

Fed Meeting

Compass Settlement

Housing Inventory

How Much to Afford a $500K Home

Check out more resources from this show on BiggerPockets.com: https://www.biggerpockets.com/blog/on-the-market-203

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202: Market Madness: 8 Housing Markets We’d Place Big Bets on in 2024

Mon, 25 Mar 2024 06:00:00 -0000

It’s March Madness season, so we thought we’d create a bracket of our own, pitting some of the best real estate markets against each other to see which one will win the top seed for best city to invest in 2024. Each of our expert hosts picked two real estate markets, all with a March Madness team, and share why these markets will beat out the rest in 2024. Need a new real estate investing market? You’ll find more than a few in this episode.

If you want a slam-dunk housing market with layup rental property potential and three-pointer demographic trends (population, jobs, and income growth), we’ve got you covered. We scoured the nation’s housing market data and picked some of the country's fastest-growing, most affordable, and highest rent-to-price property markets that you can start investing in now. And they’re not just good college basketball towns—almost all of the cities we list have standout rental property metrics compared to most average US cities.

Heard one of your favorite housing markets on this episode? Want to vote for the market you’re bullish on? Head over to the BiggerPockets Instagram NOW and vote for your favorite housing market for 2024; we’ll be sharing an update on the votes on a future On the Market episode!

In This Episode We Cover:

Coastal beach cities seeing MASSIVE population growth and strong appreciation potential

Kathy’s favorite Midwest market that offers affordable home prices and stable employment

A South Carolina city with well below-average home prices that even psychics predict will BOOM

An affordable market in the Northeast that hosts huge appreciation and one of the best universities in America

The “boring” southern city that’s sitting on a solid economy and cheap home prices

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

Get a Slice at Frank Pepe’s Pizzeria Next Time You’re In New Haven

Books Mentioned in the Show

Start with Strategy by Dave Meyer

The Small and Mighty Real Estate Investor by Chad Carson

Check out more resources from this show on BiggerPockets.com: https://www.biggerpockets.com/blog/on-the-market-202

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201: Breaking: NAR Settles for $418M, Buying and Selling Homes Could Change Forever w/The New York Times’ Debra Kamin

Fri, 22 Mar 2024 06:00:00 -0000

A bombshell NAR settlement could bring wide-sweeping changes to the housing market. After a snowball of NAR lawsuits, the realtor association agreed to settle for a whopping $418 million and make critical changes to how real estate agent commissions are paid and how competition can be upheld. This significantly impacts anyone buying or selling a home and has life-changing effects for every real estate agent and realtor in the country. The New York Times’ Debra Kamin joins us to break the story.

Debra breaks down the enormous legal loss that NAR (National Association of Realtors) suffered last week and the impacts it will have on the housing market. First, we discuss the new agent commission rules, which may break the standard six percent fee that realtors are used to taking. These commissions are real estate agents’ livelihoods, and a new model that supports lower commissions could force many agents to leave the industry entirely.

We’ll also touch on the turbulent times NAR has faced recently, from sexual harassment scandals to changing leadership and, now, a massive settlement that could lose them more than half of their members. Will a new type of real estate agent form from the ashes of this century-old model? Or, could a brand-new way of buying and selling homes transform the housing market? Stay with us; we’ll give you the entire scoop.

In This Episode We Cover:

NAR’s massive settlement creating ripple effects across the real estate market

The new real estate agent commission rules that could shock an entire industry

Changes to the multiple listing service (MLS) that may open the market up to new competition

The future of buyer’s agents and whether or not they’ll remain a critical component to buying a home

Sexual harassment scandals, turbulent leadership, and recent NAR struggles

What the future of using a real estate agent could look like

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

The NAR Will Eliminate 6% Commission Standards and Pay $418 Million in Damages After Settling Lawsuit

Is It the End of the Realtor? Inside the NAR Crisis

New Agent Lawsuits Could Have Profound Effects for Buying and Selling Homes

Check out more resources from this show on BiggerPockets.com: https://www.biggerpockets.com/blog/on-the-market-201

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200: Flip/Off: Whose House Flip Can Pull In the Biggest Return? (Dainard vs. Washington)

Thu, 21 Mar 2024 06:00:00 -0000

James Dainard, a house flipper in Seattle, Washington, has been on a flipping spree for the past two decades. He’s flipped more homes than you can count, made tens of millions in the process, and has built multiple massive businesses to support his flipping fixation. In the shadows, his young(er) protégé, Henry Washington, has been learning his every move and trick of the trade. To beat the top flipper, he must…become him. Now, these once brothers-in-flipping will face each other head-to-head in the money-making competition no one asked for but we wanted to make. This is FLIP/OFF.

Welcome to the 200th episode of On the Market! *confetti pops, fireworks go off* This time, we’re doing something special. This show will be a battle of the house flippers, as Henry and James detail two recent flips they’re working on and battle against each other to see who can score the highest return. Both of these deals are almost unbelievable in how high their cash-on-cash returns are, so if you want to know how REAL money is made in real estate, this is the show to catch!

Stick around because we’ll get into every detail and number behind these deals. Plus, we’ll be giving you deal updates soon, showcasing each flip and the progress our panel is making. Vote for your favorite flip on the BiggerPockets Instagram or the On the Market YouTube channel!

In This Episode We Cover:

A house flipping competition like never before (and the punishment at stake/steak for the loser)

James’ quick flip that could turn into a HUGE return in just a matter of months

House flipping risks and how longer timelines and delayed permits can destroy your profits

Henry’s home-run house flip that could make even MORE money than James’ much more expensive home

Burst pipes, flooding, mold, mildew, and even more fun surprises from one of these flips

Our favorite On the Market episodes of all time!

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

Get All the Numbers from Henry’s and James’ House Flips

Our Favorite Episodes:

Homebuyers Are Getting Crushed: Are Landlords the Cause

Why NFL Players Are Buying Real Estate During the Recession

Listener Deals:

https://www.biggerpockets.com/blog/on-the-market-92?utm_source=youtube&utm_medium=description&utm_campaign=none

https://www.biggerpockets.com/blog/on-the-market-94?utm_source=youtube&utm_medium=description&utm_campaign=none

Check out more resources from this show on BiggerPockets.com: https://www.biggerpockets.com/blog/on-the-market-200

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199: New Listings “Normalize,” Inflation Ticks Up, and Airbnb Bans Indoor Cameras

Mon, 18 Mar 2024 06:00:00 -0000

The Fed isn’t happy, but what’s new? After inflation numbers were released last week, showing higher-than-expected consumer price growth, our rate cut dreams could be slowly dwindling. Are we still on a timeline to see lower mortgage rates by summer, or is the US economy just too strong to prompt any help for prospective homebuyers? This story, and plenty more, are coming up in this week’s headlines show.

Ever get that feeling that someone is watching you? Airbnb recently announced a new policy that banned indoor surveillance cameras in hosts’ properties. This is a shock for almost every Airbnb guest and most hosts, too, as it seems we all incorrectly assumed that security cameras were only allowed on the OUTSIDE of a property.

But this episode isn’t just about short-term rentals. We have some good news for housing inventory, as new listings finally saw a bump, helping add some homes to the already supply-strained market we’re facing. We’ll also talk about new unemployment numbers that are trending in a direction the Fed wants to see but may not be enough to convince them of a rate cut. All that, and more, in this episode.

In This Episode We Cover:

A housing supply update and the “surge” of new listings that hit the market

New jobs numbers and whether rising unemployment is something we should worry about

Why the Fed may become even more hesitant to cut rates in 2024

New inflation and CPI (Consumer Price Index) numbers (and what they mean)

Airbnb’s newest “no indoor camera” policy and what this means for anyone hosting a short-term rental

The naked man in James’ newest investment property (will he EVER get out?)

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

Job Growth and Unemployment

Headlines from Today’s Episode:

New Listings

CPI and Inflation

Airbnb Cameras

BiggerNews: Why Mortgage Rates AREN’T Falling

Check out more resources from this show on https://www.biggerpockets.com/blog/on-the-market-199

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198: Real Deals We’re Doing RIGHT NOW (Flips, Developments, and Duplexes)

Thu, 14 Mar 2024 06:00:00 -0000

Welcome to the “redemption year” for real estate investing. We talk a lot on this show about the real estate deals being done all across the country. From interviewing flippers to developers to agents and investors, it always seems like there’s still money to be made, no matter the market. But is that really true? Or is it a bunch of pro-property investing propaganda that “big real estate” is pushing? To prove that there are indeed real deals to be done in 2024, we’re bringing on some of OUR latest investments and walking through the ACTUAL numbers on this show!

Each of our expert hosts (including Dave!) has a real estate deal to review on today’s episode. First, we’ll touch on James’ new joint venture partnership that’s making him a hefty six-figure profit that could almost be considered passive income. This deal alone could make James over $300,000—a sum that could change anyone’s life! Then, Dave jumps back into the market as he makes his first active real estate investment in YEARS. This home has a lot of potential, so what should he do with the property?

Next, the “Kat(hy)-Signal” goes up as a growing city in Oregon pleads our own Kathy Fettke to start developing homes so local workers have a place to live. Thankfully, she picks up an astounding deal from a local farmer who doesn’t know much about developing. Finally, we’re back to good ol’ Arkansas as Henry walks through the numbers of a quick house flip that could profit him $80K. But that’s not the only sweet part of this deal. Another big benefit comes from the lot right next door. What will Henry do with it? Stick around to find out!

In This Episode We Cover:

Why NOW is the time to buy as competition is low and “walk-in equity” is high

James’ almost passive real estate investment that could make him $300K

Develop, add an ADU, or do nothing—what’s the best move for Dave’s new property?

How Kathy is turning farmland into single-family houses for a small Oregon city

Henry’s quick house flip that is turning a stellar profit and what he plans to do on the extra lot that came with the deal

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

Simple Deals We’re Doing That Are Making MASSIVE Profits

Books Mentioned in the Show

Start with Strategy by Dave Meyer

Check out more resources from this show on https://www.biggerpockets.com/blog/on-the-market-198

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197: NAR Finally Faces Competition: Is the Agent "Monopoly" Over? w/Jason Haber and Mauricio Umansky

Mon, 11 Mar 2024 06:00:00 -0000

Disclaimer: Opinions expressed in this episode and written below are solely opinions of the hosts, guests, and writers and do not reflect the views of BiggerPockets.

The recent NAR lawsuits are paving a new path for real estate agents—one that could change how we buy and sell real estate forever. For the past century, the NAR (National Association of Realtors) has been the controlling association for the American housing market. With most real estate agents in the country being members, the NAR has gone without an alternative for almost the entirety of its existence—but that’s about to change.

Jason Haber and Mauricio Umansky, founders of the new “American Real Estate Association,” have come to give agents something different. To combat outdated fee structures, sexual harassment scandals, and a large bureaucracy, Jason and Mauricio wish to create an association that thrives on collaboration, innovation, and excellence for the best real estate agents so the industry can improve. But what type of changes are they thinking of?

Say goodbye to the “basic brokers,” as Jason and Mauricio lay plans to strengthen the skills of serious real estate agents, create more investor-friendly education opportunities, bolster the ethics of those buying and selling real estate, and bring more diversity and inclusion to the decision-making that often happens behind closed doors. This could be a new era for real estate agents—one where their destiny is in their own hands.

In This Episode We Cover:

Recent NAR lawsuits that could put the trade association in jeopardy

Breaking up the broker “monopoly” by finally giving real estate agents a choice

Agent innovation and why we DON’T need more agents…we need BETTER agents

Agent commissions, costs, and fees that could be changed with the American Real Estate Association

Why women MUST play a more prominent role in the future of the real estate industry

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

Hear Our Past Episodes on The NAR Lawsuits:

Lawsuit Explained

Verdict

Settlement

American Real Estate Association

Check out more resources from this show on https://www.biggerpockets.com/blog/on-the-market-197

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196: China Falters, Israel’s Oil Danger, and Russia’s Assets Used Against Them w/Joe Brusuelas

Thu, 07 Mar 2024 07:00:00 -0000

China’s economy is on its last legs. Thanks to massive overspending and high unemployment, the Chinese economy is beginning to break down, with real estate prices crashing at a scale similar to 2008 in the US. This is bad news for not only Chinese investors but also global investors with money in China. But could these tumultuous conditions spill over into the global economy?

We’ve got arguably the world’s best economic forecaster, Joe Brusuelas, back on the show to get his take on the global economy and what could be next for the US. Joe has studied the Chinese economy in-depth and sees a “debt and deleveraging period” forming. This is bad for Chinese investors, but will it affect the US housing market? Next, Joe speaks on the other global crises, from Israel to Ukraine to Iran and beyond. With our global reliance on importing commodities like wheat and oil, how risky are we getting with the massive Middle East and Eastern European conflicts?

Finally, Joe touches on domestic trends, including one substantial economic insight that could point to a new era of economic productivity in the US. This could be game-changing for you if you own stocks, bonds, real estate, or any other US-based investments. What trend are we talking about? Stick around; we’re getting into it all in this episode!

In This Episode We Cover:

China’s “debt trap” and how they massively slowed down economic growth

The “bad bank” solution that China could (but probably won’t) use to solve their housing crisis

How the US and India could become the primary economic forces in the global economy

The “risk matrix” and what could cause an oil crisis due to the Middle East conflict

How the US may use Russia’s assets against them in the Russian-Ukrainian conflict

A huge economic indicator pointing to a new era of productivity for the US economy

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

Joe's Articles

Joe's LinkedIn

Joe's X/Twitter

Hear Our Last Interview with Joe On The “New Era” Of Higher Prices, Interest Rates, and Employment

Is the Global Economy About to Collapse? Inside China’s Real Estate Crisis

Check out more resources from this show on https://www.biggerpockets.com/blog/on-the-market-196

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195: What Happens to Rent Prices When 1,000,000 New Units Come Online in 2024? w/Chris Salviati

Mon, 04 Mar 2024 07:00:00 -0000

Rent prices peaked in 2022 after a double-digit percentage run-up. Due to more household formation, disposable income, and remote work availability, Americans were doing whatever they could to upgrade their housing to bigger, better, and often more expensive options. But, after interest rates shot up, the economy began to cool, and work-from-home became a not-so-sure thing, Americans became more budget-conscious. As a result, vacancies rose, and rent prices began to fall. So, how close are we to seeing rent growth return?

Apartment List’s senior housing economist, Chris Salviati, joins us to share what his team has seen in the nationwide rent data. Chris looks mostly at large apartment data—the sector that’s been hit the hardest in recent years. With multifamily properties struggling to find renters and lowering their asking prices to prompt demand, you’d think the market had found a bottom—but this isn’t the case.

A tidal wave of multifamily inventory is about to come online, and when it does, multifamily investors will be forced to compete with the newest and most luxurious options on the market. Will this oversupply trickle down to single-family rentals, or will renters turn away from the A-class buildings in search of more affordable options? Chris gives us his thoughts, plus future rent growth predictions, in this episode!

In This Episode We Cover:

What happens to rent prices when 1,000,000 more multifamily units come online

Markets that have the most oversupply and could see significant rent cuts

The massive concessions multifamily apartments are giving new renters

When real estate investors can expect rent growth to pick back up

2024 rent price predictions and whether demand could come back

How single-family rental prices will be affected by multifamily’s huge oversupply

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

Chris' Articles and Reports

Chris' LinkedIn

Chris' X/Twitter

Rents Show Biggest Decline in 3 Years—Should Landlords Panic?

Multifamily Is at High Risk of Continuing Its Historic Crash in 2024—Here’s Why

2024 Rental Market Outlook: Is a Shift Coming?

Check out more resources from this show on https://www.biggerpockets.com/blog/on-the-market-195

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194: 4 Hot Housing Markets with Huge Home Price Appreciation (50% Jumps!)

Thu, 29 Feb 2024 07:00:00 -0000

Most real estate markets in America saw huge home price growth over the past five years. Ever since the pandemic, equity and appreciation have been slingshotted to new heights, with some housing markets having over FIFTY PERCENT home price appreciation in just a few years. Today, we’re touching on the four top appreciation markets in America, all of which saw massive price jumps over the past five years, and some are even still affordable!

But, if you’re like most real estate investors, you’re screaming at your screen, “What about the cash flow? You can’t bet on appreciation!” Well, we’ve already read your mind as we get into a debate over whether or not appreciation SHOULD be accounted for before buying a property and whether or not it’s better than cash flow. Surprisingly, some of our appreciation-rich experts prefer cash flow, while our cash flow market investors prefer appreciation.

Stick around as we dive into the top appreciation markets in America, which ones we’d invest in, which ones may be on a downward trend, and why many Americans love the mountains so much they secretly want to be ranchers instead of nine-to-five workers.

In This Episode We Cover

The top four appreciation and equity growth housing markets in America

How work-from-home changed the housing landscape forever

Whether or not to underwrite for appreciation when analyzing your real estate deals

The signs that your real estate market is about to experience explosive appreciation

A cash flow vs. appreciation debate and the surprising choice most investors would make

What you MUST do before you make an appreciation bet on a rental property or housing market

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

Cash Flow Isn’t Dead: 4 Markets With The Highest Rent-to-Price Around

Cash Flow vs. Appreciation: What Experienced Investors Know About the Debate That You Don’t

Books Mentioned in the Show

Real Estate by the Numbers by Dave Meyer and J Scott

Retire Rich with Rentals by Kathy Fettke

Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-194

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193: 4 Real Estate Investing Trends That Could Take Over in 2024, 2025, and Beyond

Mon, 26 Feb 2024 07:00:00 -0000

In This Episode We Cover:

Future real estate investing trends that could offer BIG cash flow in 2024 and 2025

The flexible commercial real estate investment that online businesses rely on to survive

Kathy’s billion-dollar idea for a match-making app using this specific strategy

How to maximize your dollar per square foot by renting out PARTS of your property

The new smart homes that could finally solve the affordable housing problem

How to create the one percent rule (EVEN in 2024) by building your own rentals

Dying trends that are seeing low cash flow, high vacancies, and tough turnover

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

Top 10 Real Estate Markets for Cash Flow in 2024

Cash Flow For Rental Properties: What is Average or Good?

Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-193

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192: Cash Flow Isn’t Dead: 4 Markets With The Highest Rent-to-Price Around

Thu, 22 Feb 2024 07:00:00 -0000

Cash flow real estate is hard to find. In almost any big city, making financial freedom-producing cash flow is becoming a pipe dream. But that doesn’t mean there still aren’t pockets of cash flow throughout the United States; you just need to know where to find them. Thankfully, we’ve done the work for you, putting together a short list of cash-flowing real estate markets with the highest rents and lowest home prices.

In this episode, we’re talking about cold, hard cash flow. More interested in building equity but still want some passive income on the side? We share four different strategies ANY investor can use to find cash-flowing rental properties in ANY market. Looking for a new market? You're in luck; we’ve got a list of four top cash-flowing real estate markets—but the real question is, would WE invest in them?

Finally, we’ll share our takes on whether or not cash flow is crucial, especially as it becomes harder to find. You’ll see why Kathy and Henry have stopped caring so much about mailbox money and are focusing on something much more important when building wealth.

In This Episode We Cover:

The four ways to find real estate cash flow EVEN in an appreciation market

The cash flow “situations” to look for whenever buying a new property

The argument FOR using less debt, but the big downside to consider

Four cash-flowing real estate markets with high rents and low home prices

Whether or not WE think cash flow is crucial for investors in 2024

The one thing that made Kathy very wealthy and why she stopped searching so hard for cash flow

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

Top 10 Real Estate Markets for Cash Flow in 2024

Cash Flow For Rental Properties: What is Average or Good?

Books Mentioned in the Show

Short-Term Rental, Long-Term Wealth by Avery Carl

30-Day Stay by Zeona McIntyre and Sarah Weaver

Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-192

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191: The Million-Dollar Question: Is College Still Worth It in 2024? w/Dr. Anthony P. Carnevale

Mon, 19 Feb 2024 07:00:00 -0000

Is college worth it? Many Americans are beginning to boldly state, “Nope!” But does the growing anti-higher education sentiment point to facts or fiction around the cost of college? We invited Dr. Anthony P. Carnevale, research professor and director of the Georgetown University Center on Education and the Workforce, to the show to give us up-to-date data on the true ROI of a college degree.

With America’s shockingly low college graduation rate and student loans being one of the biggest limiting factors of financial freedom for many Americans, it’s understandable why so many people are skipping college to go straight into the workforce. But the data paints an entirely different picture. Those who opt out of the traditional four-year degree system could be making a massive mistake, one that could cost them seven figures in the long run. A sum that size could be the game changer for finding financial independence.

In this show, we ask Dr. Carnevale about why college has gotten so expensive, the problem with freezing tuition, which majors make the most (and the least), and whether where you go to college even matters. Plus, he shares some shocking statistics about how much a degree is worth and why one group of Americans is ditching degrees in today’s strong economy.

In This Episode We Cover:

Keller Williams' settlement of $70M in the NAR agent commission lawsuit and what this means for the future of agent commissions

The rise of “niche” brokers and agents and why they may THRIVE in the coming years

Our crucial advice for first-time homebuyers that you CANNOT miss

Commercial real estate losses and how hard IS it to get an investor loan today? (this will surprise you)

New jobs report numbers that took many economists by surprise and what effect it could have on future mortgage rates

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

Is College Worth the Cost? This 30,000 Variable Study Says “Sometimes…”

Hear Dave on The “BiggerPockets Money” Episodes About College Degree ROI:

Why 40% of Master’s Degrees Aren’t Worth It

Federal Student Loan Forgiveness Update: What Happens Now?

Connect with Dr. Carnevale:

Dr. Carnevale's LinkedIn

The Chronicle of Higher Education

Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-191

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190: Keller Williams Settles for $70M in NAR Lawsuit, Banks “Rocked” by RE Losses

Thu, 15 Feb 2024 07:00:00 -0000

Just when you thought the NAR lawsuit coverage was over, Keller Williams agrees to settle for $70M, bringing a big blow to real estate agent commissions. How will this impact buyers and sellers, and are we entering a new age of home buying where only a fraction of the real estate agents exist? We’re getting into this headline and others affecting the housing market in BIG ways in this episode of On the Market.

Some agents will thrive while others barely survive in a post-NAR lawsuit world as real estate agent commissions are threatened once again. But it isn’t only agents getting hit hard this week. Banks have been “rocked” by real estate losses, primarily commercial real estate, as loans come due, but investors aren’t able to pay. One bank saw its share price slide by more than fifty percent this month as earnings reports showed a major loss from lending this quarter.

Finally, it wouldn’t be a headlines show if we didn’t touch on the jobs report. This month, we’re getting a mixed bag of good for the economy but bad for rates type of numbers. Jobs are growing, and the economy is still chugging along, but will this push rate cuts back as the Fed fails to find weakness in our economy? We’re giving you our thoughts on this episode!

In This Episode We Cover:

Keller Williams' settlement of $70M in the NAR agent commission lawsuit and what this means for the future of agent commissions

The rise of “niche” brokers and agents and why they may THRIVE in the coming years

Our crucial advice for first-time homebuyers that you CANNOT miss

Commercial real estate losses and how hard IS it to get an investor loan today? (this will surprise you)

New jobs report numbers that took many economists by surprise and what effect it could have on future mortgage rates

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

NAR Slapped with $1.8B Lawsuit Payout, Ripple Effects Could Be “Enormous”

Articles from Today’s Show:

Keller Williams Settlement

Bank Losses

January Jobs Report

Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-190

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189: The Fed’s Plan “Backfired,” Now They’re Scrambling w/Logan Mohtashami

Mon, 12 Feb 2024 07:00:00 -0000

The Fed is putting us all in danger. With high rates, low inflation, a strong job market, and millions of Americans wishing they could buy a home (but can't), we're in a strange position. Buying a home is still unaffordable even with rising wages, but the Fed won't drop rates BECAUSE of rising wages and such strong job numbers. We're in a housing market stalemate, and all of this could have been avoided if the Fed stopped counting on old data to save them.

You might think that these are wild claims, but thankfully, we've got the housing market expert of housing market experts on the show, Logan Mohtashami, to make his case. Logan's team at HousingWire tracks housing market data like no one else can. They have the most up-to-date metrics and the best forecasts in the industry and were right about this housing market, and the last one, the one before that, and…you get the point. It goes without saying Logan is the singular voice to trust when it comes to housing and the economy.

Logan says the Fed is "playing with fire" by keeping mortgage rates as high as they are. They want to break the labor market, but with every number pointing to a return to normal, why should they? Logan gives his thoughts on why the Fed isn't dropping rates, the huge housing market mistake they're making, the metrics that could point to a disastrous labor market, and the harsh reality for first-time homebuyers.

In This Episode We Cover:

A normalizing job market and what could cause it to finally break

The Fed's massive mistake that is putting the housing market in danger

Why the Fed won't lower mortgage rates yet and what they're waiting for

The devastating state of housing demand and why it shouldn't be like this in 2024

How lower-income households are getting hit the hardest, EVEN in an expanding economy

Bond market effects and why yields are staying so high

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

The Crash Predictors Are Wrong, Here’s Why

Here’s What Will Cause Mortgage Rates to Finally Fall

Is The Fed Moving Fast Enough to Save Us From a Recession?

The “HousingWire” Housing Market Tracker

Connect with Logan

HousingWire

Logan's Instagram: @logan_mohtashami

Logan's LinkedIn

Logan's Website

Logan's X/Twitter: @LoganMohtashami

Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-189

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188: The Super Bowl Show: Which Host City Has the BEST Housing Market?

Fri, 09 Feb 2024 07:00:00 -0000

It’s February, and you know what that means…Groundhog Day! Just kidding, it’s almost Super Bowl Sunday, so we’re tackling some of the top Super Bowl housing markets to see which ones make for a touchdown investment market and which don’t make the team. If you’ve ever wanted to own a rental property within driving distance of the biggest football game of the year, now’s your chance as we review four Super Bowl host cities and give our takes on their investing fundamentals.

Dave and the panel will look at Tampa, Florida; Los Angeles, California; New Orleans, Louisiana; and Miami, Florida. One of these markets is an all-panel hit, while others boast distributing metrics that any investment property owner should look out for. We’ll review each market, sharing their metrics, best strategies, and whether our expert panel would invest in them.

Plus, if you want to hear who WE’RE rooting for in Super Bowl LVIII, stick around, but please DON’T bet on it…we’re investing experts, NOT football experts.

In This Episode We Cover:

Which Super Bowl real estate markets we’d invest in

Kathy’s pick for a southern market with solid fundamentals and a rising population

The pricey coastal market that might only be good for a quick flip but NOT long-term rentals

Dave’s favorite sandwich city that has high cash flow but RISKY long-term potential

Rising insurance premiums turning this popular tourist destination into a dicey area to invest in

A very one-sided prediction on who will win Super Bowl LVIII

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

Meet Dave and The Other Hosts In Denver

Hear Our Interview with Former NFL Player Devon Kennard

Do College Football Towns Make the BEST Real Estate Investing Markets?

Try Dave’s Favorite Sandwich in NOLA

Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-188

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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187: 100% Bonus Depreciation Coming Back? (Do NOT File…Yet) w/Brandon Hall

Thu, 08 Feb 2024 07:00:00 -0000

The biggest real estate tax deduction is coming back. That’s right—100% bonus depreciation is almost cleared for a triumphant return as the House pushed a new tax bill to the Senate, one that includes some massive tax deduction potential for real estate investors and everyday Americans alike. So, why is this SUCH a big deal? We’ve got Brandon Hall, CPA, on to break down why bonus depreciation could save you tens, if not hundreds, of thousands of dollars.

Everyone knows that real estate boasts some of the best tax benefits of any investment in the nation. But, the one tax benefit to rule them all is almost always depreciation. This tax write-off lets you expense a portion of your property every year and can turn your real-life gain into a paper loss, so you keep your cash flow while avoiding taxes. But bonus depreciation is like regular depreciation on steroids. And the tax benefits can be massive.

So, how do you take advantage of this huge tax write-off? What do you need to know BEFORE you take it? And should you hold off on filing before this new bill passes? We’ve got answers to all that and much more in this episode, so stick around!

In This Episode We Cover:

Four of the hottest housing markets in 2024 that we’d flip houses or long-term invest in

The high-priced coastal market that we love…but wouldn’t buy rentals in

A snowy northeast market that has low prices and big rent-by-the-room potential

A sleeper city with a big price tag but solid investing benefits

The not-so-sexy market that made the number-one spot and surprised us all

Unemployment rates, home prices, average rents, and top metrics you MUST check before investing

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

What Is Bonus Depreciation And How Does It Work?

What is Rental Property Depreciation & How to Calculate It

The Biggest Real Estate Tax Loophole You’ve (Probably) Never Heard Of w/Brandon Hall

Connect with Brandon:

Brandon's LinkedIn

Brandon's Website

Brandon's X/Twitter

Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-187

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186: 4 Hot Housing Markets We’d Have a "Quick Flip" or "Long-Term Rental" With

Mon, 05 Feb 2024 07:00:00 -0000

These hot housing markets could make any investor start to sweat. You’ve been longing for some cash flow connection, but your prayers have gone unanswered. You don’t know what you’re in the mood for—a quick flip or maybe something a bit more long-term. You’re hesitant to settle down with so many options around, but waiting won’t get you what you want. Worry not; we’ve brought the hottest housing markets to you this Valentine’s Day.

Enough with the promiscuous property puns. We’re breaking down Yahoo Finance’s list of the hottest housing markets for 2024, going over their top picks and telling you where we’d swipe right or left. If you’ve never had the chance to online date, now is your time to feel the digital thrill as James, Kathy, and senior producer Kailyn Bennett become your investing BFFs for the next half hour, showing you which property market has potential and which deserves nothing more than a quick flip.

Some of these markets may surprise you (they surprised us!) due to their underrated potential, but just because a housing market makes the top lists DOESN’T mean it’s the right market for you. So, which areas would we love to settle down with? Stick around; you’re about to find love, listings, and leases in these markets!

In This Episode We Cover:

Four of the hottest housing markets in 2024 that we’d flip houses or long-term invest in

The high-priced coastal market that we love…but wouldn’t buy rentals in

A snowy northeast market that has low prices and big rent-by-the-room potential

A sleeper city with a big price tag but solid investing benefits

The not-so-sexy market that made the number-one spot and surprised us all

Unemployment rates, home prices, average rents, and top metrics you MUST check before investing

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

Yahoo Finance’s Top Housing Markets for 2024

Top 10 Real Estate Markets for Cash Flow in 2024

Master plan calls for more growth in downtown Toledo

Connect with Kailyn:

Kailyn's BiggerPockets Profile

Kailyn's Instagram

Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-186

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185: Top Lenders on Mortgage Rate Predictions + Loans You’ve NEVER Heard Of

Thu, 01 Feb 2024 07:00:00 -0000

We know mortgage rates will fall this year, but how long will we have to wait? Will they get down to the fives or stay in the six-percent range? And even if the Fed lowers the federal funds rate, will this significantly impact mortgage rates? We brought on three elite lenders to get their takes on when rates will drop, how low they could go, and why waiting for lower rates is a riskier decision than you think.

Caeli Ridge joins us again as our go-to investor-lender combo, and Krystle and Kenny Simpson, San Diego-based lenders, are on the show to give their viewpoints from the small investor and large commercial lens. Plus, these lenders are about to share the info on some investor loans that you may have NEVER known about—loans that other investors are taking advantage of TODAY to get deals done, even with high interest rates.

Speaking of high interest rates, our lenders show mathematical proof that rates are NOT the defining factor of your real estate deal and how waiting for a half-percentage drop could cost you more than you think. Plus, the commercial real estate “bloodbath” coming for one certain sector unless local governments step in.

In This Episode We Cover:

The investor loans that you’ve NEVER heard of that are being used TODAY to get deals done

Mortgage rate predictions and how low rates could go by the end of 2024

The commercial real estate drop-off and why buying/selling has come to a halt

High-rate investor HELOCs you can get today that’ll cost you LESS than a thirty-year mortgage

Huge opportunity in commercial real estate as one sector becomes a “bloodbath”

DSCR, non-QM, and other investor-only loans you can take advantage of NOW

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

Hear Our Last Interview with Caeli

Fannie Mae’s Mortgage Rate “Range” to Expect in 2024 and 2025

Connect with Caeli:

Caeli's BiggerPockets Profile

Caeli's Instagram

Caeli's LinkedIn

Caeli's Website

Connect with Krystle and Kenny:

Kenny BiggerPockets Profile

Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-185

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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184: Fannie Mae’s Mortgage Rate “Range” to Expect in 2024 and 2025 w/Doug Duncan

Mon, 29 Jan 2024 07:00:00 -0000

Home prices will rise, home sales will jump, and mortgage rates will fall to a familiar range, according to Fannie Mae’s Doug Duncan. In their newest consumer sentiment survey, Fannie Mae points to a “tale of two housing markets” where both buyers and sellers are stuck. Rates aren’t low enough to get back into the housing market, and with prices set to rise, why should homeowners sell?

Doug provides some incredible insight on today’s episode, explaining why housing market sentiment is still so low, what could boost homebuying demand, and where Fannie Mae expects mortgage rates to be in 2024 and 2025. If you’re praying for rates to hit the rock-bottom levels of 2020 and 2021, Doug has some news you NEED to hear.

But rates and prices aren’t the only factors impacting buying/selling. Our huge undersupply of housing is making the market even more competitive as builders remain stuck, forced to pay high interest rates and high labor costs, all during a time when most of America doesn’t want to purchase. How do we get out of this housing market stalemate? Stick around as one of the top minds in housing gives us his answers.

In This Episode We Cover:

Fannie Mae’s newest housing market sentiment numbers and what they mean for buying/selling

2024 vs. 2008 and the factors causing so much property purchasing pessimism

The mortgage rate “range” we can expect in 2024 and 2025

The three factors that MUST change if we’re to see a return back to a normal housing market

Recession indicators that are going off, EVEN with today’s solid economic growth

The massive construction constraint that’s stopping more inventory from coming on the market

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

Where America’s Most Accurate Forecaster Sees Home Prices in 2024 w/Doug Duncan

With Mortgage Rates Set To Drop, Will This Be the Year Sellers Come Back?

HousingWire CEO: This Inventory Shortage Could Last Decades

Fannie Mae’s Latest National Housing Survey

Connect with Doug:

Fannie Mae

Doug’s LinkedIn

Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-184

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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183: The "Frozen" Housing Market Reignites in 2024, Blackstone Buys Up BILLIONS

Thu, 25 Jan 2024 07:00:00 -0000

The “frozen” housing market is about to get blowtorched as competition is set to heat up in 2024. With lower mortgage rates, bigger investor tax benefits, positive economic sentiment, and tight inventory, homebuyers will need to act fast unless they want to make the same mistakes of 2021 and 2022. Are the bidding wars and price hikes coming back? Will we look back at 2023 as an “affordable” time to buy a house?

Welcome to the first On the Market Headlines Rumble Show! We’re putting Dave, Henry, James, and Kathy in a metaphorical cage match as they each bring hard-hitting headlines to knock each other out with bigger and better news. No physical punches will be thrown, but psychological piledrivers will be aplenty in today’s show.

We’ll talk about the “frozen” housing market reigniting in 2024 due to stiff competition, low inventory, and falling mortgage rates. Next, why Americans are giving up on college degrees and going straight into employment. A MASSIVE investor tax write-off could make a comeback as bonus depreciation goes BACK on the legislative table. Plus, why Blackstone, everyone’s favorite hedge fund, is buying BILLIONS of dollars in housing in the US and Canada.

In This Episode We Cover:

Housing market competition and what could cause higher prices, bidding wars, and more seller power

A 100% bonus depreciation comeback and whether investors should bet on bigger write-offs

Sinking college confidence and the surprising statistics showing Americans’ lost faith in higher education

New housing starts numbers that could signal even MORE competition to come

Blackstone’s $3.5 BILLION bet on the American (and Canadian) housing market

Newest consumer sentiment survey results showing a surprising change of tune for Americans

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

Invitation Homes Rent-Gouging

Frozen Housing Market

Mortgage Applications Soar

College Degrees

Tax Breaks and Depreciation

Single-Family Construction Starts

Blackstone

Consumer Sentiment

Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-183

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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182: “Silent Depression” or Complete Delusion: How Bad IS The American Economy? w/Jessica Dickler

Wed, 24 Jan 2024 07:00:00 -0000

The “silent depression” is here. Just like in 1929, the American economy is ravaged by a declining GDP, plummeting asset prices, widespread unemployment, and a completely fractured banking system. Wait…are any of those things happening today? Not quite. But, according to social media, a “silent depression” is widespread across the American economy, with high inflation, limited wage growth, and low homeownership for millennials and Gen Z.

To explain the “silent depression” trend, CNBC’s Jessica Dickler is on the show, giving her take on this trend and other popular economic trends across social media. We’ll get into why younger generations feel so bad about the economy, EVEN with strong financial fundamentals, the rising cost of living across the country, and whether or not economists agree with the “silent depression” theory.

And if you want to see Dave get really fired up, prepare to hear his best “you darn kids!” impression as he explains why so many young Americans are tired of older generations holding so much of the wealth.

In This Episode We Cover

The “silent depression” explained and why so many Americans are financially fearful

How BAD is the American economy in 2024? (is it even bad at all?)

Economic depressions vs. inflation and why the rising cost of living hits so hard

Explaining other popular TikTok trends like “loud budgeting” and “girl math”

Social media vs. reality and why you can’t (always) trust the internet

Dave aging instantly by thirty years during an on-air rant

And So Much More!

Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-182

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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181: Huge Opportunity for New Multifamily Investors As Prices Set to Drop w/Brian Burke and Matt Faircloth

Mon, 22 Jan 2024 07:00:00 -0000

Multifamily real estate has crashed, but we’re not at the bottom yet. With more debt coming due, expenses rising, incomes falling, and owners feeling desperate, there’s only so much longer that these high multifamily prices can last. Over the past year, expert multifamily investors like Brian Burke and Matt Faircloth have been sitting and waiting for a worthwhile deal to pop up, but after analyzing hundreds of properties, NOTHING would work. How bad IS the multifamily market right now?

Brian and Matt are back on the podcast to give their take on the multifamily real estate market. Brian sees a “day of reckoning” coming for multifamily owners as low-interest debt comes due, banks get desperate to be paid, and investors run out of patience. On the other hand, Matt is a bit more optimistic but still thinks price cuts are coming as inexperienced and overconfident investors get pushed out of the market. So, how does this information help you build wealth?

In this episode, Brian and Matt share the state of the 2024 multifamily market, explain exactly what they’ve been doing to find deals, and give their strategy for THIS year that you can copy to scoop up real estate deals at a steep discount. Wealth is built in the bad markets, so don’t skip out on this one!

In This Episode We Cover:

The state of multifamily real estate in 2024 and how low prices could go

A “day of reckoning” coming for inexperienced/overleveraged multifamily owners

Whether or not we’ve reached the bottom for multifamily price drops

What rookie real estate investors should do NOW to take advantage of this down market

Rising mortgage rates and how increased costs have KILLED many multifamily deals

Exactly what Brian and Matt are investing in during 2024 to make money no matter how the market moves

And So Much More!

Links from the Show

Find an Agent

Find a Lender

BiggerPockets Youtube Channel

BiggerPockets Pro Membership

BiggerPockets Bookstore

Listen to All Your Favorite BiggerPockets Podcasts in One Place

BiggerPockets Podcast

BiggerPockets Merch

Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts

Get More Deals Done with The BiggerPockets Investing Tools

Find a BiggerPockets Real Estate Meetup in Your Area

Expand Your Investing Knowledge With the BiggerPockets Books

Be a Guest on the BiggerPockets Podcast

Join the BiggerPockets Virtual Summit

Check Out Dave On the “On the Market” Podcast

Top Multifamily Investors’ Advice for Buyers in 2023? DON’T Do It

Books Mentioned in the Show

Raising Private Capital by Matt Faircloth

The Hands-Off Investor by Brian Burke

Connect with Matt:

Matt's BiggerPockets Profile

Matt's Website

Matt's Instagram

Connect with Brian:

Brian's Website

Brian's Instagram

Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-181

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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180: Investors Bullish on Housing Once Again, Flipping to Take OFF w/Rick Sharga

Thu, 18 Jan 2024 07:00:00 -0000

The tide may have finally turned for real estate investing and the housing market. After carefully tracking sentiment among small investors, Rick Sharga’s team at CJ Patrick Company has seen a BIG boost in optimism over the last quarter. It seems that betting on the housing market is back as improving investor sentiment and confidence pushes more and more people to go after rental property investing and house flipping. But which strategies will have the most explosive growth?

We sat down to break the story with Rick on the newest Investor Sentiment Survey, what investors are feeling the most bullish about in the 2024 housing market, and the biggest concern investors have on their minds. And the data Rick shares isn’t just shown in the survey—it’s mirroring today’s market conditions. In James’ market alone, investor demand has quadrupled recently, showing a STRONG resurgence in a specific type of real estate investing.

We’ll walk through the new investor sentiment numbers, why house flipping activity could explode over the next year, one big risk hurting rental property investors, and where investing activity is pooling across the nation.

In This Episode We Cover:

Latest investor sentiment numbers and the one strategy that is about to have a BIG comeback

The HUGE opportunity for rental property investing that most investors will miss

How James made MORE money doing HALF as many flips in 2023

Low mortgage rate predictions and why investors need to get in BEFORE rates drop

One serious hurdle that’s hurting rental property investors in 2024

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

Hear Our Last Interview with Rick on BiggerNews

Home Prices May Have Bottomed Says New “Investor Sentiment Survey” w/Rick Sharga

ATTOM’s Home Flipping Report

Book Mentioned in the Show

Start with Strategy with Dave Meyer

Connect with Rick:

Rick's LinkedIn

Rick's X/Twitter

Rick's Website

Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-180

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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179: A “Year of Opportunity” to Come for Multifamily, Says CBRE’s Richard Barkham

Mon, 15 Jan 2024 07:00:00 -0000

Right now, many multifamily operators are scared. They’ve got debt due, higher vacancy rates than ever, and banks that could be coming for them at any second. And although a “soft landing” in the economy could help keep most multifamily operators from being foreclosed on—not everyone is safe. If you’re looking to invest in multifamily this year, there could be some big buying opportunities.

To walk us through the state of the multifamily and commercial real estate market is CBRE’s Richard Barkham. Richard leads a team of six hundred research experts, all digging into the most up-to-date real estate data around. Today, Richard touches on the commercial real estate space, why prices AREN’T crashing, the sectors that will continue to struggle in 2024, and why the industry as a whole has remained so resilient, especially when no one expected it to be.

We’ll also get into cap rate forecasts and how high they could get so prices finally come back down to earth. But that’s not all; Richard gives a rare take on why so many struggling multifamily investments DIDN’T get foreclosed on, whether or not the oversupply of multifamily could make trouble for residential buyers, and what will happen when the “wave” of multifamily construction hits.

In This Episode We Cover:

A 2024 commercial real estate update and whether or not a price crash is still on the table

Rising vacancy rates and the commercial sectors that could get hit the hardest

Cap rate expansion and whether or not we’ll see price cuts this year

Why Richard sees 2024 as a “year of opportunity” for multifamily investors

States with the most multifamily construction that could see price cuts spill over into residential

“Distressed” multifamily investors and why we WON’T see a wave of foreclosures

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

Join the BiggerPockets Virtual Summit

The “Doom Loop” That Could Crash Commercial Real Estate w/Richard Barkham

Access CBRE’s Insights and Research

Connect with Richard:

Richard's CBRE's Profile

Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-179

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178: Jobs Grow, Unemployment Plummets, But Americans STILL Bearish on Economy

Thu, 11 Jan 2024 07:00:00 -0000

Americans are convinced that today’s economy is bad…really bad. In fact, many of them think that this is the worst economic period in US history. Are they right, or are they just historically challenged? In today’s show, we’re going to touch on the good and the bad happening in the economy, from new job numbers to negative economic sentiment, corporate landlords who want you to live at work, and whether or not buying a house in 2024 is a smart move to make.

With so many economists only a few short months ago predicting a recession in 2024, a surprising new jobs report has been released showing something nobody would have expected. Is this good for employees, or does this bring more power to the employer? Speaking of employers, how would you like Elon Musk to be your landlord? Well, if you work for Tesla, SpaceX, or The Boring Company, this could be your reality.

And, if you’ve been on the fence about buying a home, our investing experts go through the pros and cons of purchasing in 2024. With less competition and rates forecasted to drop, now could be the final time to get a steal on your next real estate deal. But is locking in your price now your best bet? Stick around to find out!

In This Episode We Cover:

New jobs data and whether wages are growing, shrinking, or staying stagnant for Americans

“Labor hoarding” and why top companies are paying to keep workers on call

Why younger Americans believe now is the “worst economy in US history”

The re-emergence of “company towns” and how Google, Meta, and Elon Musk could become your next landlord

Why expert investors are buying now BEFORE mortgage rates go down

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

Here’s What the U.S. Consumer Tells Us About the State of the Economy

Articles Mentioned in This Episode:

Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-178

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177: The 3 Steps to Start Building Wealth with Real Estate in 2024

Wed, 10 Jan 2024 07:00:00 -0000

If you want to build a real estate portfolio or make more money off of your current portfolio, there are three steps you need to follow. Real estate investing experts who built massive passive income have used these three steps for decades without even knowing it. Now, Dave Meyer is sharing them with you so you can build wealth, find financial freedom, and live the life you love.

In his newest book, Start with Strategy, Dave goes over three crucial steps that the most successful investors have taken either before or while building their real estate portfolios. Today, we’ll walk through all three steps, helping you design the life you want to live BEFORE you buy investment properties, pick out EXACTLY which properties will help you get there, and learn how to make the most money with the least properties possible. No matter what stage you’re at in your investing journey, these three steps can help you hit your goals MUCH faster.

If you want to build wealth in 2024, pick up Start with Strategy and use code “START177” at checkout to get 10% off PLUS pre-order bonus content!

In This Episode We Cover:

Latest homeowner equity numbers that put owners and sellers in an even better position

The most and least home-equity-rich housing markets in America

Foreclosure risk and how “negative equity” completely flipped since the Great Recession

The rise of “accidental investors” who are keeping more housing supply to themselves

Molly’s strong mortgage rate prediction and where she thinks rates will be by the end of this year

Whether or not equity could explode once again as buyers get back into the market

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

Grab “Start with Strategy” and Use Code “START177” at checkout for 10% off!

Every Strategy I Used To Build My Portfolio for Financial Independence

Book Mentioned in the Show

The Paradox of Choice by Barry Schwartz

Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-177

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

Learn more about your ad choices. Visit megaphone.fm/adchoices

176: With Home Equity at an All-Time High, Will Homeowners “Lock-In” Even More? w/Molly Boesel

Mon, 08 Jan 2024 07:00:00 -0000

Home equity just hit an all-time high for Americans. And while this is great for homeowners, what effects could this have on the housing market? Will house hoarding become a new trend as homeowners “lock in” with their rock-bottom mortgage rates? Will those who are equity-rich take their profits and move to cheaper markets, causing prices to skyrocket as they bid higher than local buyers can? Molly Boesel, Principal Economist at CoreLogic, is on to answer these questions and more!

CoreLogic’s latest Homeowner Equity Insights report has a clear takeaway: Americans are equity rich—really equity rich. On average, American homeowners have hundreds of thousands of dollars sitting in home equity, with some of the priciest housing markets having millions! This is causing a new type of investor, the “accidental investor,” that could keep housing supply locked up.

Molly gives her take on why so many homeowners are refusing to sell, whether or not mortgage rates will fall substantially next year, when refinancing will finally start to rise again, and if foreclosure risk is even a relevant worry in today’s rock-solid economy.

In This Episode We Cover:

Latest homeowner equity numbers that put owners and sellers in an even better position

The most and least home-equity-rich housing markets in America

Foreclosure risk and how “negative equity” completely flipped since the Great Recession

The rise of “accidental investors” who are keeping more housing supply to themselves

Molly’s strong mortgage rate prediction and where she thinks rates will be by the end of this year

Whether or not equity could explode once again as buyers get back into the market

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

Home Equity: What It Is, How To Calculate, & How To Use It

Nearly Half of U.S. Mortgaged Homes Are Considered ‘Equity-Rich’ According to Report

CoreLogic’s Latest “Homeowner Equity Insights” Report

Connect with Molly:

Molly's LinkedIn

CoreLogic

Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-176

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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175: Our Lopsided Housing Supply: Why Builders Are Barely Making a Dent w/Mark Zandi

Thu, 04 Jan 2024 07:00:00 -0000

The housing market has two big problems: home prices and a lack of supply. With so few homes on the market, buyers have barely anything to choose from, and sellers remain in control. But how did we get to this point? Back in 2008, there were too many homes on the market, and we all know what happened to home prices. So how did we go from being oversupplied to undersupplied by MILLIONS of housing units so quickly? The answer is pretty simple.

Mark Zandi, Chief Economist at Moody’s Analytics, joins us again to give his take on the 2024 economy, the housing market, home prices, and our massive underbuilding problem. The last time Mark was on the show, he explained the “slowcession” that could have taken place in 2023. Instead, a roaring economy took off with low unemployment, high consumer spending, and real wealth increases for many Americans.

But, as we head into 2024, there are still a couple of BIG problems: little-to-no housing supply and a polarizing presidential election of epic proportions. Both of these will have big impacts on the economy, and if you want to know what could be coming next, don’t miss this episode!

In This Episode We Cover:

The “rip-roaring” labor market and why unemployment has stayed so low

Why middle and high-income households are thriving while low-income households are struggling even more

The Fed’s recent rate pause and whether it was the right move for them to make

The 2024 election and the huge effects it could have on the economy

Our lopsided housing supply and why we’ve been building the wrong real estate for too long

Marks’ 2024 home price predictions and why weak/flat pricing could be in our future

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

Hear Our Last Episode with Mark on the US Bank Failures

Home Building is Exploding, But Will it Solve Our Inventory Crisis?

Connect with Mark:

Economic View

Mark's X/Twitter

Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-175

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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174: Zillow and Redfin Top Economists Give Their 2024 Housing Market Predictions

Wed, 03 Jan 2024 07:00:00 -0000

With doomsday headlines and lagging consumer confidence, how should you proceed in 2024? Time to get the advice of TWO senior economists! BiggerPockets’ Dave Meyer talks with ZILLOW’s Orphe Divounguy and REDFIN’s Chen Zhao to demystify the latest US economic indicators and provide you with strategies to thrive in this year’s housing market.

We’ll get into home prices, the incoming “affordability correction,” mortgage rate forecasts, and why next year could be significantly better for buyers. But that’s not all. Both Chen and Orphe share their outlook for the 2024 economy, the state of the American consumer, and what could happen as student loans kick back in, credit card delinquencies increase, and cash reserves run dry.

Finally, we’ll end things with Chen and Orphe’s list of real estate markets to watch and the pricey areas that may see a revitalized post-pandemic boom. If you want to know what to expect, where to invest, and if the hot housing market will return in 2024, stick around!

In This Episode We Cover:

Redfin and Zillow’s 2024 housing market predictions

The “weakening” American consumer and what this means for homebuying

2024 mortgage rates, “disinflation,” and where we could end up next December

The “affordability correction” that could help home buyers get their first house

Riskiest real estate markets in America that could see HUGE price cuts

Affordable markets to watch that have had rock-solid home prices

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

On The Market 151 with Chen

Hear Past “On the Market” Episodes with Chen and Orphe:

On The Market 150 Orphe (Ep. 1)

On The Market Orphe (Ep. 2)

2024 Housing Market Predictions: Home Prices, Interest Rates, & Opportunities

Connect with Orphe:

Orphe's LinkedIn

Orphe's Research

Tune into “Everyday Economics” with Orphe

Connect with Chen:

Economists Corner

Chen’s LinkedIn

Chen's Research

Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-174

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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173: Do College Football Towns Make the BEST Real Estate Investing Markets?

Mon, 01 Jan 2024 07:00:00 -0000

What makes a good real estate market? A stable or growing population, large employers nearby, tourism, and, as a bonus, college-educated residents. Put those all together, and you’ve just stumbled upon your next great real estate investing area: college football towns! After digging into the data, the On the Market panel discovered that many top college football markets aren’t just great for partying and tailgating; they’re also undeniably promising property markets!

On today’s episode, Dave, Henry, James, and Kathy will uncover four of the BEST college football markets in the nation and share which ones they personally would invest in. Looking for cash flow? We’ve got a couple of markets. What about long-term appreciation? We have those, too! We even have one STRONG college football market that has seen prices drop off over the past two years, with HUGE potential for rising prices in the near future.

If you’ve been waiting to buy your first or next rental property but don’t know where to invest and which metrics to watch, this is THE episode to listen to. The On the Market panel will explain exactly how they analyze each market, which ones make sense for which investor, and why you’ll want to score a deal in these cities before it’s too late!

In This Episode We Cover:

The four best real estate markets for cash flow, appreciation, and football

One expensive market with amazing house flipping profits and NO income tax

The boomtown market that's seeing BIG price drops but has massive appreciation potential

Two cash flow real estate markets with low home prices and strong populations

The metrics expert investors look at before they invest in ANY real estate market

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

Investing in College Rental Property — Step-by-Step

The 8 Best Housing Markets in The US For Low Prices and High Cash Flow

Austin Price Decline Forecast

Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-173

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

Learn more about your ad choices. Visit megaphone.fm/adchoices

172: The “Rolling Recession” Has a New Target in 2024 w/Liz Ann Sonders

Thu, 28 Dec 2023 07:00:00 -0000

Americans have been waiting for a recession to kick in for the past year. With consumer sentiment down and debt piling up, it’s understandable why so many feel like the worst is yet to come. But what if the “hard landing” everyone was so afraid of already happened without us even noticing it? Could a “rolling recession” be why the economy never crashed at once? We’ve got Liz Ann Sonders, Charles Schwab’s Chief Investment Strategist, on the show to explain.

In a new report, Liz Ann touches on the one industry that could get hit hardest in 2024, what will happen if the labor market starts to break, and why we aren’t out of the woods yet for another recession. In today’s show, she’ll detail her findings and explain why SO many Americans feel now is an economically dangerous time, even while hard data points to confident consumers.

We’ll get Liz Ann’s take on the Fed rate cuts and whether or not they’ll even happen as the Fed eagerly awaits mortgage rate hike effects to finally kick in. Plus, recession indicators to watch in 2024 and why the bond markets could be pointing to something that no one else has been able to see.

In This Episode We Cover:

The “rolling recession” and why a “hard landing” may have already hit

One industry that could get hit HARD in 2024 if the labor market starts to weaken

Why we haven’t felt the full effect of the Fed’s rate hikes yet

Fed rate cut predictions and how long the Fed could continue to hold high rates

Recession indicators and what the bond market tells you that no one else is talking about

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

Why 2023’s “Rolling Recession” is Almost Impossible to Predict

BiggerNews: Soft Landing or Hard Recession? How to Build Wealth in Both

U.S. Outlook: One Thing Leads to Another

Connect with Liz:

Liz's Insights

Liz's LinkedIn

Liz's X/Twitter

Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-172

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

Learn more about your ad choices. Visit megaphone.fm/adchoices

171: Are the “Best Places to Live” in the US Worth Investing In?

Mon, 25 Dec 2023 07:00:00 -0000

Where are the BEST places to live in the US? Well, U.S. News & World Report just released their annual list to show which cities are worth picking up and moving to. Some of these cities are investor favorites, while others are rarely discussed within the real estate investing community. If these cities truly are some of the best places to live in the country, wouldn’t having property in such desirable markets lead to big investing profits?

Henry, James, and Kathy go over the top cities on the list, talking about which are worth investing in, which aren’t, cash flow vs. appreciation potential, and where they’d comfortably park their dollars in properties. And even though Dave is away on his honeymoon, we’re still bringing you LOTS of data, statistics, and trends to watch so YOU can get in on some of the top cities before investing masses know about them.

And, as always, thanks for joining us on On the Market. Our entire team wishes you the happiest of holiday seasons. Here’s to more deals, data, and passive income in 2024!

In This Episode We Cover:

The best places to live in the US and whether we’d invest in any of them

Why this low-cost, solid rental property market took the #1 spot this year

The south’s repeat winners that have strong employment and promising demographic trends

The one pricey mountain city that is worth investing in IF you can afford it

Metrics we look at before we’d invest in ANY real estate market

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

Best Places to Live in the U.S. in 2023-2024

Top 10 Real Estate Markets for Cash Flow in 2023

The Top 10 Housing Markets Forecasted For Strong Demand This Decade

Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-171

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

Learn more about your ad choices. Visit megaphone.fm/adchoices

170: The Hot Housing Market Returns? | Zillow’s 2024 Housing Market Predictions w/Orphe Divounguy

Thu, 21 Dec 2023 07:00:00 -0000

A “reset” could be coming to the housing market in 2024. As mortgage rates fall, inventory rises, and consumer wealth begins to grow, more and more renters are in the position to buy. An economic “trifecta” could form that brings us back into a hot housing market, but will it be anything like 2021 and 2022? We’ve got Orphe Divounguy, Senior Economist at Zillow, back on the show to give Zillow’s 2024 housing market predictions and share where he’s personally looking to invest.

2023 was an impossible year for homebuying. Rates were high, inventory was non-existent, and fears of a recession made Americans have second thoughts about buying real estate. But now, it looks like the Fed will land their so-called “soft landing” as the economy continues to slow but grow at a rate we’ve been waiting for. This is good news for housing.

If you want to hear what Zillow thinks could come next in 2024, what will happen to housing inventory, where Americans will move, and how a presidential election could impact the property market, this is the episode to watch. Be sure to subscribe to On the Market, as Orphe will be back to discuss even more housing market predictions with Redfin’s Chen Zhao.

In This Episode We Cover:

Why the housing market could have a “big reset” in store for 2024

The economic “trifecta” that could put Americans in the perfect position to buy homes

Improving housing inventory and the BIG jumps made towards the end of 2023

2024 headwinds to watch out for and how a presidential election could freeze investing

Affordable markets that Americans are planning to move to in 2024

Where Orphe is looking to buy his next investment property (watch this market!)

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

Zillow’s Senior Economist on Why You DON’T Want Mortgage Rates to Fall

2024 Housing Market Predictions: Home Prices, Interest Rates, & Opportunities

Zillow’s 2024 Housing Market Predictions

Connect with Orphe:

Orphe's LinkedIn

Orphe's Research

Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-170

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169: New Single-Family Rental Survey: Small Investors to Take CONTROL in 2024 w/Rick Palacios Jr.

Mon, 18 Dec 2023 07:00:00 -0000

For years, we’ve been hearing about how the single-family rental market is being bought up by hedge funds, iBuyers, and institutional investors. For the average investor, it seems like the corporate landlords are getting an unfair advantage—they have better data, better financing, full-time staff, and deep pockets to buy whatever and wherever they want. But a new single-family rental survey shows that the big players aren’t the ones controlling the market—it’s the little guys.

To walk us through this massive, single-family rental survey, is Rick Palacios Jr., Director of Research at John Burns Research and Consulting. Rick’s team accomplished the seemingly impossible task of measuring activity for 270,000 single-family rental homes to see how landlords are faring in 2023 and what their plans are for 2024. And while this survey focuses on REITs (real estate investment trusts), private groups, and other larger-type buyers, it provides invaluable insights for the small-time landlord.

Rick will walk us through rent growth (and decline) from the past year, where he believes rents will be in 2024, whether or not expenses could continue to rise, how high mortgage rates are affecting buyers, and why institutional investors are struggling in this market while mom-and-pops are buying!

In This Episode We Cover:

What the largest single-family rental survey says about the 2024 housing market

Rent “normalization” and why those who aggressively projected rising rents will get hit hard

Rising expenses, insurance costs, and whether or not it could get even worse

Why institutional investors pulled out of the market while small-time investors thrived

How long the “lock-in effect” could last as high mortgage rates become the new norm

Whether or not the multifamily rent crisis could spill over into the single-family market

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

On The Market Podcast 31: Wall Street: Huge Threat or Harmless Hedge Funds?

On The Market Podcast 110: Bullish Homebuilders, Affordable Housing, and Why Home Prices WON’T Move

John Burns Research and Consulting Single-Family Rental Survey

John Burns Research and Consulting Company LinkedIn

John Burns Research and Consulting Newsletter

John Burns Research and Consulting X/Twitter

John Burns Research and Consulting Website

Connect with Rick:

Rick's LinkedIn

Rick's X/Twitter

Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-169

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168: How to Prepare for a Recession in 2024

Thu, 14 Dec 2023 07:00:00 -0000

A recession isn’t off the table for 2024, so you’ll need to know how to prepare for a recession and profit if the economy starts to slide. If your real estate values fall, your tenants stop paying rent, or you lose your job, how will you ensure you keep your properties? Those who can survive the bad times often thrive in the good—so what should you do to prepare?

Today, our expert panel gives four suggestions ANY investor can take to make it through a recession unscathed. All of these suggestions are being put into practice NOW by our panel of experts. They’re not complicated, and acting on even a few of them could save you tens of thousands (or an entire property) if and when a recession finally does hit.

From cutting costs to keeping cash on hand, investing differently, and building a "backup" for buying properties, these tactics will enable you to scoop up the deals that inexperienced investors couldn’t hold onto!

In This Episode We Cover:

How to prepare for a recession (and profit!) in 2024

Emergency reserves and how much you should have in the bank NOW

Quick ways to cut costs so your business can easily survive downturns

Accessing “backup” debt that’ll help you close on deals as banks tighten up credit

Looking outside of real estate for returns and how the experts are diversifying

Why you MUST keep some “liquid” assets on you during a recession

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

How to Prepare for a Recession (and Profit!) in 2022

Soft Landing or Hard Recession? How to Build Wealth in Both

Books Mentioned in the Show

Recession-Proof Real Estate Investing by J Scott

Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-168

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167: The State of Real Estate in 2024: What Will (and Won’t) Work Next Year

Mon, 11 Dec 2023 07:00:00 -0000

If you want to invest in real estate in 2024, you need to prepare. This year could be a grand slam for those who know how to take advantage, but for everyone else sitting on the sidelines, don’t expect your wealth to grow. Expert investors, like the On the Market panel, are getting more aggressive than ever before as so many real estate investors give up on buying deals due to high mortgage rates, tight inventory, and a shaky economy. So, how do you get ahead of the masses?

In today’s show, we’ll share expert tactics ANYONE can use to invest in real estate in 2024. Some of these tactics come from our panel, but many can be found in Dave’s newest 2024 State of Real Estate Investing Report. This report includes even more data, tactics, strategies, and research you won’t hear on today’s show. And it’s completely free (head to BiggerPockets.com/Report24 or click here to download it!)

We’ve got tactics for flippers, traditional landlords, passive investors, and those still searching for cash flow in this high-rate world. Wherever you’re at in the investing cycle, whether you’re a beginner or a real estate veteran, these tactics could help you build wealth no matter what happens to the economy.

In This Episode We Cover:

Expert tactics from the 2024 State of Real Estate Investing Report

Affordability trends and the properties that’ll attract the most renters

Buying new vs. existing homes and which has better profit potential

Value-add risks and why those willing to take them could make serious profits

The passive investing strategy top investors are using to make mailbox money

How to make your current portfolio even more profitable WITHOUT buying more properties

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

2024 Housing Market Predictions: Home Prices, Interest Rates, & Opportunities

“We’re Going to See a LOT of Deals” in 2024, Says Top Multifamily Lender

Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-167

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166: Multifamily Opportunity, Middle-Class Wins, and Mortgage Rate Relief Arrives

Thu, 07 Dec 2023 07:00:00 -0000

Mortgage rates continue to fall as home buyer demand rises across the nation. We may be back to the times of bidding wars, “rapid appreciation,” and houses going under contract in days. But, most Americans are still sitting on the sidelines, thinking that real estate prices are too expensive to get in. Could this be a huge wealth-building mistake, and will we look back on 2023 prices as times when real estate was “cheap”?

We’re back with another correspondents show as Henry, James, and Kathy bring the latest housing market headlines. “But, where’s Dave?” you ask. He’s eating some pad thai, snorkeling, and probably still looking at Fed data, even on his honeymoon. But don’t worry, he’ll be back soon!

This time, we’re talking about the HUGE multifamily update that makes buying a multifamily rental property easier than ever before. If you want to get into real estate or try your first house hack, this is THE news you’ve been waiting for. Next, the most middle-class-friendly cities that you’ve probably never thought of. Then, the short-term rental “tenant from hell” who lived in a home for a year and a half rent-free, and what happened to the landlord as a result. And finally, some good news for buyers, as we discuss the slowly dropping rates and the massive opportunity they could bring.

In This Episode We Cover:

The new five percent down multifamily loan ANYONE can use to start investing

Cities with the best middle-class life and six-figure paychecks for the taking

The “tenant from hell” who cost a landlord over two hundred thousand dollars!

Mortgage rate relief and why mortgage demand continues to JUMP

Why “rapid appreciation” could be incoming as affordability increases with lower rates

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

Mortgage Rates Fell Last Week as a Recession Looms—Have We Turned a Corner?

Stories from Today’s Show:

Best Middle-Class Cities

Tenant from Hell

Mortgage Demand

Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-166

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165: Year-End Tax Updates, New IRS Interest Rates, and URGENT News for LLCs

Mon, 04 Dec 2023 07:00:00 -0000

LLC owners and anyone who owns real estate: TUNE INTO THIS EPISODE! Today, we’re talking to Brandon Hall, CPA, about an urgent change affecting EVERY LLC in America. Not knowing about this change could cost you up to $10,000 in fines, but don’t worry; Brandon will tell you precisely what you have to do to avoid the fine entirely!

Even if you don’t have an LLC, we’ve still got some 2024 tax tips to help you pay WAY less to the IRS this coming tax season. Brandon will review the new interest rate updates from the IRS and explain why you could owe much more than your taxes when you file. We’ll discuss the gradual decline of bonus depreciation and whether performing a cost segregation study in 2024 makes sense.

Lastly, we’ll touch on opportunity zones and what to do if you have a large gain you DON’T want to pay taxes on. Plus, an instant red flag when looking for a CPA!

In This Episode We Cover:

The one thing EVERY LLC owner must do to avoid a $10,000 fine

Bonus depreciation’s decline and how much you can write off in 2024

Cost segregation explained and whether or not this HUGE tax benefit is worth the effort anymore

Opportunity zone investing and turning a significant profit into tax-free investing

The IRS’s new interest rates and penalties that could cost you thousands

Where to find a CPA and one big red flag when searching for one

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

Hear Our Last Episode with Branon on “The Biggest Real Estate Tax Loophole”

Connect with Brandon:

Brandon's Website

Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-165

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164: Good News: Inflation Falls, Rates Drop, and a Healthy Housing Market Emerges

Thu, 30 Nov 2023 07:00:00 -0000

It finally happened. Inflation fell, mortgage rates dropped, GDP grew, and an unexpected jobs report was released. Is this the best news we’ve heard all year for the economy and the housing market? It sure sounds like it! We’re taking this episode to soak in all the good news from the past few weeks and point to an economic “sweet spot” that could make for PERFECT real estate investing conditions.

There’s been a LOT of good news to share recently, and we’re doing our best to give you the economic update you need! First, we’ll touch on updated core inflation numbers and why the stock market rallied and mortgage rates fell due to the announcement. Then, we naturally get into the Fed’s recent rate pause and why this might signify a strong housing market in 2024.

But that’s not all the good news. A new jobs report points to a shift in the right direction, one that not many people expected. Finally, we’ll give you a housing market update, from new home sales to days on market, homeowner equity, and all the signs pointing to a “sweet spot” for investing.

In This Episode We Cover

Bond, Inflation, and GDP rate updates and why investors are getting bullish on 2024

The investing “sweet spot” real estate investors MUST keep an eye out for

The Fed’s recent rate pause and what they’re telling Americans by holding steady

New employment numbers that could make hiring even easier for employers

A healthier housing market and the strong signs of a return to normalcy

And So Much More!

Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-164

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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163: 2024 Housing Market Predictions: Home Prices, Interest Rates, & Opportunities

Mon, 27 Nov 2023 07:00:00 -0000

Our 2024 housing market predictions are here. Will interest rates finally fall? Will home prices continue to stay strong even with weak demand? And will we EVER “technically” enter into a recession? We’ve got the full On the Market panel here to give their forecasts on everything that could happen in 2024, plus where the biggest buying opportunities could be.

But first, we’ll painfully review our incorrect housing market predictions from 2023 and one BIG guess that we all got wrong. But we’re not the only ones! Both Zillow and Redfin had some predictions that didn’t age too well. From there, we’ll get into 2024 housing price predictions and whether or not we expect to see home prices FINALLY decline after a standstill year.

Then, what everyone’s been waiting for—mortgage and interest rates predictions. If these start to fall, you can assume that home prices will rise, a buying frenzy will ensue, and the bidding wars will begin (again). With the potential for a recession at some point in 2024, lower mortgage rates may result from an even worse economic event. So, what IS going to happen? Stick around for our predictions!

In This Episode We Cover:

Our 2024 housing market, interest rate, and home price predictions

What could cause mortgage rates to fall in the latter half of 2024

Recession probability and why Americans are spending more than ever before

What we got WRONG in our 2023 predictions (nobody’s perfect)

Best real estate investing markets in 2024 and why “unsexy” cities could win

The HUGE opportunity for cash buyers as banks seek to offload properties

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

Hear Our 2023 Housing Market Predictions

Where America’s Most Accurate Forecaster Sees Home Prices in 2024

Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-163

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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162: 2023 Housing Market Predictions (ENCORE Episode!)

Fri, 24 Nov 2023 07:00:00 -0000

Happy Thanksgiving! This Turkey Day, we're giving you an encore of our 2023 housing market predictions episode. Hear what we got right and what we (definitely) got wrong, and tune in next week for our 2024 predictions!

______

The 2023 housing market predictions are here. We heard you in the forums, the comments, and all over social media. We know you want Dave, the data man, to give you his take on what will happen over the next year. Will housing prices fall even more? Could interest rates hit double digits? And will our expert guests ever stop buying real estate? All of this, and more, will be answered in this week’s episode of On The Market.

Unfortunately, Dave threw his crystal ball in with his laundry this week, so he’s relying solely on data to give any housing market forecasts. He and our expert guests will be diving deep into topics like interest rates, inflation, cap rates, and even nuclear war. We’ll touch on anything and everything that could affect the housing market so you can build wealth from a better position. We’ll also discuss the “graveyard of investment properties” and how one asset class, in particular, is about to be hit hard.

With so much affecting the overall economy and the housing market, it can be challenging to pin down exactly what will and won’t affect real estate. That’s why staying up to date on data like this can keep you level-headed while other retail homebuyers run for the hills, scared of every new update from the Fed. Worry not; this episode is packed with some good signs for investors but also a few worrisome figures you’ll need to pay attention to.

In This Episode We Cover

The most important variables that could impact 2023’s housing market

Which asset class will be hit hardest by price cuts and where investors can find deals

Inflation, bond rates, and how the federal funds rate could impact homebuying

Housing price predictions for 2023 and how far home prices could slide

The seller’s vs. buyer’s market and how brand new investors can take advantage

Whether or not cap rates will start to increase even as inflation pushes rents higher

And So Much More!

Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-162

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

Learn more about your ad choices. Visit megaphone.fm/adchoices

161: “We’re Going to See a LOT of Deals” in 2024, Says Top Multifamily Lender w/Alison Williams

Mon, 20 Nov 2023 07:00:00 -0000

With interest rates at the highest point in decades, multifamily and commercial real estate purchases have dropped by more than 50%. Cash flow looks almost nonexistent, but good deals could be right around the corner as inexperienced operators are forced to give up their properties or pay MASSIVE amounts of money to the bank. What can you expect as the 2024 housing market rolls around? Stay tuned; we’ll give you all the info!

Alison Williams, SVP & Chief Production Officer at Walker & Dunlop, joins us to discuss “small balance lending” and where MANY multifamily investors get their money. Alison is able to tell you point-blank what a lender needs to see to lend on your deal, how much money you should be prepared to come to the table with, and what could happen as the bridge loan bomb begins to go off.

Alison also believes we’ll see “a LOT of deals” in the coming months/years as operators are forced to refinance, foreclose, or sell. This presents a massive opportunity for new investors who have been starved of deals and are looking to pick up another property without paying 2021 or 2022’s high prices!

In This Episode We Cover

The bridge loan bomb that could blow up many investors’ deals

Why multifamily and commercial real estate purchases have fallen off a cliff

Default rates, foreclosures, and whether Alison expects them to go up

Deals coming down the road and why investors with cash on hand could be in for serious discounts

What a “good” deal looks like in 2023/2024 and what you NEED to get funding

Alison’s biggest pieces of advice for investors and why many could be in for a “shock”

And So Much More!

Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-161

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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160: WeWork Goes Bankrupt, Home Buyers Give Up, and Zillow Stock Plunges

Fri, 17 Nov 2023 07:00:00 -0000

WeWork goes bankrupt, buying a house is deemed a "bad" idea, and Zillow stock has a fire sale thanks to the recent NAR lawsuit verdict. In other words, it's just another day in the 2023 housing market. Didn't have time to catch up on the news? Don't worry; we'll get you up to speed on everything happening in the world of real estate and how YOU can take advantage of this rocky market.

First, we'll talk about how the NAR lawsuit verdict sent ripples throughout the economy, sending real estate-related stock prices way down for companies like Zillow, Compass, and Redfin. This verdict could mean a devastating blow to brokerages across the country, so what will the future of buying and selling be like? Next, we discuss commercial real estate's continuous slog and why top commercial executives expect an even SLOWER 2024. But there is some good news for buyers…

And if you love little offices and coworking spaces, we're sorry because WeWork filed bankruptcy earlier this month as the office space gets battered. Finally, we'll finish with a recent headline about how HALF of America thinks now is a BAD time to buy real estate. Are they wrong? Are they bad at math? Should you still be buying? We'll answer all that and more on this episode!

In This Episode We Cover:

The NAR lawsuit's ripple effects that will affect the entire real estate industry

Commercial real estate's sales slump and why 2024 could bring even better deals

Why WeWork Won'tWork and what their massive bankruptcy means for the office space

America's ongoing housing market pessimism and why buying with high mortgage rates ISN'T such a bad idea

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

NAR Slapped with $1.8B Lawsuit Payout, Ripple Effects Could Be “Enormous”

Stories Mentioned in Today’s Show:

Zillow

Commercial Real Estate

WeWork

Home Buying Sentiment

Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-160

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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159: What All-Time High Consumer Debt Means for the Economy and the Housing Market

Mon, 13 Nov 2023 07:00:00 -0000

The US economy is on the brink of a recession, but consumers don’t seem to care. Consumer spending is up, credit card debt is through the roof, and the average American’s excess savings have been depleted. Could this financial rager we’re throwing end in chaos for the US economy? Or are these frightening metrics pointing to something else entirely? Today, Dave will get into the nitty-gritty details of the US consumer.

After some serious pandemic stimulus, Americans were riding high, buying whatever they could with their stocked-up savings. But now, economic sentiment among Americans is starting to fall, and many believe a recession could be around the corner. With consumer spending making up the majority of economic activity in the US, if it starts to fall, our economy could go down with it.

Dave will give you the numbers and updates you need to know EXACTLY what’s going on with the US consumer, whether or not rising debt and spending really matters, and the factors that could force spending to fall.

In This Episode We Cover:

Why consumer spending is exploding at a time when recession risk is high

Declining consumer sentiment and why Americans are fearful of the future

All-time high credit card debt and whether or not delinquencies are rising with it

When Americans’ “pandemic savings” will run out

Resuming student loan payments and how they could hurt the average consumer

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

Here’s What the U.S. Consumer Tells Us About the State of the Economy

4 Economic Triggers That Could Send Us Into a Recession

Recession Risk Rises as U.S. Consumer Spending EXPLODES

Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-159

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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158: The 5 Most Profitable Places to Buy a Vacation Rental Property w/Vacasa’s Daned Kirkham

Fri, 10 Nov 2023 07:00:00 -0000

Today, we’re sharing the five best vacation rental markets that’ll make you more money than anywhere else in the US. The best news? More than half of the markets on this list have vacation homes either under or around the median home price of the US, so you don’t need to splurge to buy your perfect beach-side short-term rental. What are the markets, and why have you probably never heard of them? Tune in; we’ll give you the top five markets AND where to find the full twenty-five market list!

But before we take any credit, this list comes from our friends at Vacasa, and their own Daned Kirkham is on the show to walk us through it. Daned and his team go through tens of thousands of data points, from average nightly revenue to insurance costs, expenses, improvements, average home prices, and more, to come up with a definitive list of vacation rental markets that’ll give you the best bang for your buck.

This list even has markets where you can find cap rates OVER ten percent (yes, in 2023), so if you’re starving for some short-term rental cash flow, THESE are the markets you can’t afford to overlook.

In This Episode We Cover:

2023’s five best short-term rental markets in the United States

Why young real estate investors are forgoing primary residences and buying vacation rentals instead

Cap rates explained and the methodology behind ranking these top tourist cities

The tiny beach town that has an explosive population of tourists

The ten percent cap rate lake city with affordable vacation home prices

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

Facing Strict Short-Term Rules, Airbnb Shifts to a New Type of “Host” w/Airbnb’s Jesse Stein

How to Buy a Vacation Rental Property

Check Out the Vacasa Lists:

Top 25 Best Places to Buy a Vacation Home

Best places to buy a beach house 2023

8 best mountain biking towns

Connect with Daned:

Vacasa

Daned's LinkedIn

Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-158

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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157: NAR Slapped with $1.8B Lawsuit Payout, Ripple Effects Could Be “Enormous” w/James Rodriguez

Wed, 08 Nov 2023 07:00:00 -0000

The NAR lawsuit just ended in a way almost no one expected. The NAR (National Association of Realtors), America’s largest association of real estate brokers, agents, appraisers, and more, just got dealt a blow that there may be no recovering from. This lawsuit, which focused on agent commission splits, ended in a $1.8B blow to NAR, and this could be just the beginning of a slew of lawsuits like this.

To explain all the messy details, we brought Business Insider reporter James Rodriguez back on the show to explain this massive lawsuit, the verdict, and what this means for the entire real estate industry. This major lawsuit alone could bring sweeping changes to how agents buy and sell real estate and how they’re paid. Even more ground-breaking, the future of buyer’s agents now seems murky at best and non-existent at worst, as these commission structures may make buyer’s agents’ jobs almost obsolete.

If you’re an agent, investor, buyer, seller, or broker, the effects of this lawsuit CANNOT be ignored because if the dominos continue to fall, we could wake up to an entirely new real estate landscape.

In This Episode We Cover:

The NAR’s real estate agent commission lawsuit explained

The $1.8B verdict and why this could swell up to over $5B in losses for the defendants

Why NAR and Keller Williams, two massive companies, weren’t able to win this case

The future for real estate agents and how this could crush their commissions

“Enormous” ripple effects that could come as a result of this lawsuit

Why NAR’s CEO decided to jump ship after the verdict was announced

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

Hear Our Last Episode with James on This Lawsuit

The multibillion-dollar lawsuits that could radically reshape how we buy and sell homes forever

Connect with James:

James’ Profile – Insider

James’ Twitter

Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-157

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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156: Facing Strict Short-Term Rules, Airbnb Shifts to a New Type of "Host" w/Jesse Stein

Mon, 06 Nov 2023 07:00:00 -0000

Airbnb is looking for a new type of host: renters. With housing costs rising nationwide, homeowners have almost always been able to rent out their properties to make an extra buck. But, until now, renters haven’t had the same opportunity. And, as mortgage rates rise and rents stay high, many renters are biding their time, hoping to save up enough so that when rates drop, they can snag the home they’ve been dreaming of. Airbnb is trying to make this easier.

Jesse Stein, Global Head of Real Estate at Airbnb, is no stranger to the world of hospitality. His background with hotels made him the perfect candidate to join Airbnb. Jesse comes on the show to talk about the short-term rental industry, where it’s heading, whether or not it’s growing, and a new type of “host” that Airbnb is trying to help create.

Jesse’s team at Airbnb has partnered with some of the largest apartment communities in the country to offer renters a deal that’s almost too good to pass up: the ability to rent their place while they’re away. Now, high-cash flow house hacking isn’t just reserved for homeowners, and a move like this could help with the wallet-crushing affordability issues we’ve talked about so many times on the show.

In This Episode We Cover:

Short-term rental market trends and why consumers are still spending so much on travel

Growing regulations and Airbnb’s response to cities cracking down on short-term subletting

The new “Airbnb?friendly apartments” that allow renters to house hack like never before

Renting vs. buying a home in 2023 and the savvier of the two choices

The rise of medium-term stays and why more renters are using Airbnb for longer trips

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

How To Start An Airbnb In 6 Easy Steps

House Hacking 101: What It Is and How to Get Started

Start Hosting on Airbnb Today

Read the Airbnb Q3 Earnings Call Transcript

Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-156

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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155: The 8 Best Housing Markets in The US For Low Prices and High Cash Flow

Fri, 03 Nov 2023 06:00:00 -0000

We’re about to show you the eight best housing markets you’ve never heard of before. If you want boring, unsexy markets that give you mailbox money every month, have growing populations, cheap homes, and strong economies, bring your notepad because you probably haven’t thought of any of these markets before. We sent our On the Market researchers on a quest to find the country’s most boring, underrated, yet promising rental property markets—and we’re sharing the list with you today.

From college football towns to underrated beach cities and strong manufacturing centers, almost all these cities have cash-flowing real estate where you can find steals and deals easier than already-tapped markets like Miami, D.C., or Denver. Some of these markets are on the smaller side. Still, with housing affordability tanking, these cheaper states could see a massive influx in population as coastal workers seek financially stable inland cities.

So, if you’ve been saving up to buy your next deal but can’t find anything worth investing in around your area, check out ANY of these eight markets because if you don’t buy in them, we will (and Henry already has)!

In This Episode We Cover:

Eight boring, stable, cash-flowing real estate markets you can invest in NOW

The East Coast beach city with MASSIVE population growth and cheap home prices

The college football towns where you can make a killing on student housing

Staying away from single-industry markets and what happens when employment starts to fall

The state pushing for zero percent state tax that could see a significant population boost

The growing city where Henry is gobbling up rental properties as fast as he can

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

Get on The Waitlist for BPCon 2024 in Cancún!

The 4 Most Affordable, High Cash Flow Real Estate Markets of 2023

These Are The Top 20 Up-And-Coming Real Estate Markets

Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-155

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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154: 2023 Investing Mistakes That Lost Us Hundreds of Thousands

Mon, 30 Oct 2023 06:00:00 -0000

We messed up. Our real estate investing mistakes in 2023 totaled up to hundreds of thousands of dollars, and although On the Market is THE show where expert real estate investors come together, today is proof that we all make mistakes. From forgotten tax bills to landscaping debacles that cost six figures in interest, letting your property manager run your short-term rental into the ground, and forgetting about a house you own—these mistakes are rough.

If you feel like you made severe investing mistakes in 2023, worry not, because on this episode, our expert guests will talk through some of their most painful real estate losses of the past year as entertainment for you to enjoy! Ever forgot that you owned a house that had interest accruing on it? Thought that deal you lost money on was over? Didn’t pull a permit, and now you’re stuck paying six-figure holding costs over some shrubs? You probably haven’t made these mistakes, but our guests have!

Stick around to hear exactly what you SHOULDN’T do in 2024 (and beyond) and how you can turn a terrible situation into a profitable deal…or at least a lesson you don’t repeat.

In This Episode We Cover:

Why you should NEVER wait to pull permits on a flip and how it could cost you six figures

The massive “loan forgiveness tax” you could be forced to pay if your deal goes south

Forgetting about a flip and the downside to scaling your portfolio too fast

Whether or not you missed the best buying opportunity of the past year

Hire slow, fire fast, and signs it’s time to relieve your property manager of their duties

Why you’ll want to become Henry Washington’s next private money lender

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

3 Investing Mistakes You Don’t Want To Make In 2023

14 Mistakes New Investors Make

Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-154

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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153: HousingWire CEO: This Inventory Shortage Could Last Decades w/Clayton Collins

Fri, 27 Oct 2023 06:00:00 -0000

Another housing market “frenzy” is much more likely than many of us thought. With the traditionally slow fall/winter season upon us and housing inventory gradually inching up, home buyers could get a much-deserved break. But this won’t last for long. The long-term outlook on the housing market isn’t looking good for buyers, and many Americans will be forced to rent as a result.

So, what could cause the next home buying “frenzy”? We’ve got Clayton Collins, HousingWire CEO, on the show to give his take. HousingWire has been acquiring data and research companies as fast as possible, trying to build the most perfect picture of the housing market available. And right now, it looks great for sellers but not buyers.

With inventory still in the gutter and mortgage rates at a twenty-year high, homeowners will only consider selling once rates have dropped. But won’t lower rates flood the market with eager home buyers all over again? We’ll get Clayton’s opinion on what could fix the inventory shortage, when mortgage rates could drop, real estate markets with the best chances of price cuts, and what to watch out for in 2024.

In This Episode We Cover:

America’s underbuilding problem and how this could create an inventory shortage that lasts decades

Whether or not rising housing inventory is a sign of a coming crash

The real estate markets most likely to see price cuts in the coming months/years

What has caused mortgage rates to stay so high for so long (and what will happen when they fall)

The housing market “frenzy” that could restart once THIS happens

Multifamily mayhem and big problems in today’s rental market

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

Hear Our Interview with Altos Research’s Mike Simonsen

HousingWire’s Logan Mohtashami on What Will Cause Mortgage Rates to Finally Fall

HousingWire: Home prices are likely to fall in these markets

Tune into “Housing News” with Clayton

Get Up-to-Date Real Estate Insights from HousingWire

Connect with Clayton:

Clayton's Twitter

Clayton's Email

Clayton's LinkedIn

Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-153

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152: New Mortgage Report: Originations Plummet, Buying Power Wiped Out w/Andy Walden

Mon, 23 Oct 2023 06:00:00 -0000

Mortgage demand has fallen off a cliff, according to ICE’s recent Mortgage Monitor Report. With affordability hitting new lows and mortgage rates still rising, home buyers have simply given up on buying a house any time soon. Mortgage applications are now forty-five percent below pre-pandemic levels, and something BIG will have to change for buyers to jump back into the market—are lower home prices the answer?

To explain the Mortgage Monitor Report’s most recent findings, we brought on ICE’s Andy Walden. Andy has the most recent home buyer, mortgage rate, foreclosure, and delinquency data to share. We’ll talk about the buying power that’s been wiped out of the market, why mortgage applications fell off a cliff, rising unaffordability and whether or not it’ll force foreclosures, and the real estate markets with the most potential for home price growth.

Andy even gives his 2024 housing market forecast with some eerie warnings about what could happen to home prices as we reach an “inflection point” in the market and enter the traditionally slower winter season.

In This Episode We Cover:

Why mortgage originations are falling faster than ever before (and what this means for home prices)

Andy’s Q4 housing market forecast and how to tell where prices are headed

Foreclosures, delinquencies, and why “distressed sellers” aren’t flooding the market

Why investors have “backed off” the housing market waiting for mortgage rates to dip

Regional housing markets that could see the best (and worst) home price performance

The rising popularity of assumable mortgages and the massive downside to doing one of these deals

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

Hear Our Last Episode with Andy

Read the October 2023 Mortgage Monitor Report

Archive of Past Mortgage Monitor Reports

Connect with Andy:

Work with Andy and His Team

Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-152

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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151: The Math Behind Mortgage Rates and Why They're Staying Put w/Redfin’s Chen Zhao

Fri, 20 Oct 2023 06:00:00 -0000

The Fed’s new “neutral interest rate” could mean pricier mortgages, less cash flow, and higher home prices for longer. After the great financial crisis, interest rates were kept in check, slowly sliding down for over a decade. But, since the pandemic, things have gone the opposite way. Mortgage rates have hit multi-decade highs, bond yields have crossed new territory, and we could be far from things returning to “normal.”

If you want to know the math behind the mortgage rates and understand what the Fed does (and doesn’t) control in a high-rate world, Redfin’s Chen Zhao can break it down for you. In this episode, Chen goes through the economic indicators tied to mortgage rates, how bond yields affect banks' lending power, why the ten-year treasury is at a historic high, and the Fed’s newest “neutral interest rate.”

We’ll also get into the potential effect of next year’s presidential election on mortgage rates and the housing market and what to look for to gauge where we’re headed. If you want to know where interest rates will go, Chen details the roadmap in this episode.

In This Episode We Cover:

The math behind mortgage rates and what causes them to rise and fall

The Fed’s new “neutral interest rate” and why mortgage rates could stay where they are for a LONG time

Bond spreads, how they affect mortgage rates, and why they’ve taken a massive leap

Reaching economic equilibrium and how the Fed plans to keep unemployment and inflation down

The 2024 presidential election and whether Democrats or Republicans could help/hurt the housing market

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

The Federal Reserve is Suddenly Doubling Its Forecast For Growth—But Will They Keep Hiking Rates?

Mortgage Rates Reach the Highest Point in 20 Years—How Much Higher Will They Go?

Connect with Chen:

Economists Corner

Chen's LinkedIn

Research

Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-151

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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150: Zillow’s Senior Economist on Why You DON’T Want Mortgage Rates to Fall w/Orphe Divounguy

Mon, 16 Oct 2023 06:00:00 -0000

Everyone wants low mortgage rates again, but getting there might be one of the most economically treacherous roads many have ever faced. The sacrifice needed to get interest rates down would be substantial and lead to severe effects throughout the economy and all of our lives. After you hear today’s interview with Senior Economist at Zillow, Orphe Divounguy, you’ll know exactly what we mean.

Orphe’s team tracks anything and everything to do with the housing market. From home prices to migration, mortgage rates, new construction, and more, their finger is closer to the housing market pulse than most. But, if you want an episode where we talk about home prices coming back down and rates finally falling, this isn’t it. Orphe brings on the housing market facts and forecasts a future many of us didn't think possible just a few months ago.

We’ll go over home price predictions, what could cause rates to finally fall, underrated affordable markets, recession risk, and how to get started investing in real estate during such a tough market.

In This Episode We Cover:

The one thing that could cause mortgage rates to fall (and the danger behind it)

Zillow’s recession forecast and why US economic growth might be impossible to stop

Higher home prices and how the supply lag has kept prices near all-time-highs

Rent growth and which types of real estate are already seeing a return to normal

The most affordable, underrated real estate investing market that won’t last long

Where Orphe is investing in real estate and his advice for getting started

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

Fannie Mae Expects a Recession as Mortgage Rates Continue to Climb

Rate-Locked Homeowners Nearly Twice as Likely to Not Consider Selling

Connect with Orphe:

Orphe's LinkedIn

Orphe's Research

Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-150

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

Learn more about your ad choices. Visit megaphone.fm/adchoices

149: Agent Lawsuit Ends in Settlement & Why Dave Ramsey Thinks You Should Sell

Fri, 13 Oct 2023 06:00:00 -0000

The real estate commission lawsuit that threatened buyer’s agents’ income is coming to an end. The conclusion? There could be even more murkiness ahead, and agent commissions are far from future-proofed. This settlement could either have been a cash grab from the get-go or a way to end the “unfair” buyer-seller agent commission split. So, how will this affect buyers and sellers today, and will these lawsuits make a difference on your next home sale or purchase?

We’ve got the hard-hitting housing market headlines you need to hear about on this episode of On the Market. First, we’ll talk about RE/MAX’s settlement and the future for buyer’s agents. Then, we’ll uncover why exactly housing starts have started (no pun intended) to freeze and why apartment investors could be begging you to take land off their hands. And, if you’ve ever wanted your home to pay you money every month, the new “passive home” development has just what you’re looking for. But with a high initial purchase price, are the savings/profits worth the cost?

Finally, if you thought you were smart for house hacking, prepare for an ego-blow because Dave Ramsey wants YOU to know that subsidizing your mortgage is a move for LOSERS. Sell that investment property, buy your house in cash, and prepare some beans and rice for dinner! All that and more on this episode!

In This Episode We Cover:

The RE/MAX agent lawsuit settlement and what this means for real estate agent commissions

Too many agents, not enough housing, and why “change” is coming to the industry

Home construction numbers and why housing starts dropped to their lowest level in years

The “passive home” with such massive energy savings that utility companies will pay you to live

Dave Ramsey’s house hacking rant and why his investing advice doesn’t quite hit the mark

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

New Agent Lawsuits Could Have Profound Effects for Buying and Selling Homes

Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-149

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

Learn more about your ad choices. Visit megaphone.fm/adchoices

148: Microchips, Chinese Real Estate "Rot," and a Global Economic Forecast w/The Motley Fool’s Bill Mann

Wed, 11 Oct 2023 06:00:00 -0000

The Chinese real estate crisis could mean much more for the global economy than you think. One economic giant falls, and other interconnected countries, like the United States, feel the shockwaves. As more and more bad news (or LACK of news) comes out of China, we have one question: how will our housing market, stock market, and government be affected? The Motley Fool’s Bill Mann is on to help answer.

Bill works as a “treasure hunter,” searching for underpriced but financially sound stock investments for all of The Motley Fool’s subscribers. As a result, Bill’s research goes far beyond the borders of the United States. He’s constantly looking at global markets and industries to see which could be on track for a meteoric rise.

In today’s episode, Bill walks us through China’s economic crisis, their “rotting” real estate, and what happens if they continue into a deflationary spiral. Then, we talk about Taiwan’s chip manufacturing monopoly and what would happen if a global conflict threatened this industry’s safety? Finally, Bill gives us a global economic forecast with his two cents on interest rates, the “economy of the future,” and the USD “wrecking ball.”

In This Episode We Cover

The spiraling Chinese economy and why their real estate is beginning to “rot”

Chip manufacturing and the most important technological industry you’ve never thought about

Taiwan’s semiconductor monopoly and why the US is going to great lengths to protect it

The USD “wrecking ball” and how a strong dollar could hurt global economies

One country that could become the “economy of the future”

An interest rate prediction and whether or not Bill thinks the Fed has any more room to hike rates

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

Motley Fool Money

Books Mentioned in the Show

Raising Private Capital by Matt Faircloth

The Hands-Off Investor by Brian Burke

Connect with Bill

Global Partners

Motley Fool Money

Value Hunters

Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-148

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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147: Top Multifamily Investors’ Advice for Buyers in 2023? DON’T Do It! w/Brian Burke and Matt Faircloth

Mon, 09 Oct 2023 06:00:00 -0000

The multifamily real estate market went from bad to worse. Interest rates are still at record highs, cap rates have somehow stayed compressed, rent growth looks bleak at best, and sellers refuse to budge on their prices. As a result, inexperienced operators are picking up so-called “deals” to shop around to their investors—and they could be walking into a massive financial trap without even knowing it.

If you want one hundred and one reasons NOT to buy multifamily right now, Brian Burke is here to help. But, if you want a counteracting force of optimism as to why you should pursue multifamily properties, Matt Faircloth can balance out this debate. These investors have owned and managed THOUSANDS of apartment units, but NEITHER of them has bought in over a year. Brian even went as far as selling most of his portfolio right before the commercial crash, a move many thought was far from wise at the time.

These two time-tested multifamily experts come on today to talk about the commercial real estate crash, the “chaos” that could ensue over the next year, why inexperienced syndicators are about to bite the dust, and why multifamily investing may not be the move to make in 2023. Think this is just a bunch of scare tactics to keep you away from good deals? Tune in to be surprised.

In This Episode We Cover:

The multifamily market crash and why sellers are STILL asking for all-time-high prices

Risky real estate debt and what you MUST know about commercial financing before you buy another property

What Brian and Matt MUST see in a property before they send in an offer

The “wave of foreclosures” that won’t come and deals being done in the shadows

What to do RIGHT now as the market is in shambles to make the most money in the future

Cap rate compression and why these high multifamily prices can’t last

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

Meet Brian and Matt at BPCon!

The Multifamily “Bomb” is About to Blow, Here’s What You Need to Know

Books Mentioned in the Show

Raising Private Capital by Matt Faircloth

The Hands-Off Investor by Brian Burke

Connect with Brian

Matt's BiggerPockets Profile

Brian's Website

Brian's Instagram

Connect with Matt

Matt's Website

Matt's Instagram

Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-147

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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146: 4 Economic Triggers That Could Send Us Into a Recession

Fri, 06 Oct 2023 06:00:00 -0000

A 2024 recession looks a lot more likely than it did just a few months ago. While many Americans were hoping for a “soft landing,” that might not be what we get as the economy hits a breaking point. With the government only temporarily saved from a shutdown, auto workers going on strike for cost of living adjustments, student loans resuming, and oil prices skyrocketing as production slows down, we may be forced to enter into a recession.

On the flipside, GDP remains strong, Americans are still spending, and unemployment is historically low. While this could quickly change, it begs the question: is the American consumer stronger than high interest rates, rising prices, and the threat of an unknown future economy? We brought on the full On the Market panel to give us their take on where we’re heading and which economic threats could bring down the economy.

We’ll get into the nitty-gritty of the recent UAW strike that is putting a bottleneck on transportation, the government shutdown that risks millions going unpaid, student loan resumption that could force Americans to forgo optional spending, and an exacerbated oil price increase that is hurting the everyday American (and especially Californians).

In This Episode We Cover:

Four economic factors that could force us into a 2024 recession

NAR’s recent scandal and why Redfin has decided to finally cut ties

Student loan payment resumption and a massive cut in Americans' discretionary spending

The UAW strike that could hurt traditional car manufacturers even more

A looming government shutdown and the direct effects it has on the markets

Increased oil prices and why your deliveries, construction projects, and renovations could cost even more

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

Is College Worth the Cost? w/Preston Cooper

Why the Fed is Steering Us Straight Towards the Next Great Recession

Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-146

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

Learn more about your ad choices. Visit megaphone.fm/adchoices

145: 60% of Homes Classified as “Unaffordable,” How Long Can This Last? w/Matthew Gardner

Mon, 02 Oct 2023 06:00:00 -0000

The housing market is now aggressively out of reach for first-time home buyers. Nearly sixty percent of homes for sale are unaffordable to the average American. What’s causing such a lack of affordability? High mortgage rates, meager supply, and baby boomers refusing to sell their single-family homes (seriously). These factors have created a housing market where “forced renter households” will become the norm…but not for long.

According to Matthew Gardner, Chief Economist at Windermere Real Estate, there’s at least some hope on the horizon. Mathew knows the solution to this almost unfathomable unaffordability issue, and it’s much simpler than most people think. In this episode, he talks about the primary driver of high home prices, the factors causing so many Americans to rent, and why we can’t repair this market using the same housing market “incentives” that worked in the past.

And, as someone who works regularly with large-scale investors, Mathew has some advice for those still trying to invest in a market where profits seem improbable. When will mortgage rates head down? How long will unaffordability last? And what’s the solution Matthew thinks will solve it all? We’ll get into all that in this episode!

In This Episode We Cover:

The SINGLE factor that’s causing so much unaffordability in the housing market

Home price updates and a surprising statistic about homes for sale

Mortgage rate predictions and whether or not we’ll see them fall next year

“Forced renter household” formation and whether America will become a renter nation

Crucial advice for ANYONE who’s buying real estate in 2023 (and if you should wait)

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

Housing is Unaffordable, But Could It Actually Get Worse?

Connect with Matthew

Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-145

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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144: Simple Deals We're Doing That Are Making MASSIVE Profits

Fri, 29 Sep 2023 06:00:00 -0000

If you want to know how to make millions of dollars in real estate, skip the rental properties, renovations, and rehabs and go straight for this type of “land investing.” Our own Kathy Fettke is using this type of deal to make MILLIONS of dollars without building a single home or managing ANY tenants. This is all from one piece of land, where Kathy simply needs to put down just under five percent of the total purchase price, and in a few years, she’ll walk away with millions in profits. What type of deal is she doing, and how can you do it too?

We’re back with another deal show as we dive deep into three real estate deals that our expert guests have on their hands. First, Henry will show off a simple house flip that will net him thirteen times his money when he sells. Then, Kathy will uncover the rarely talked about but unbelievably lucrative type of land investing that can make you millions. Finally, James hits on a “dense” flip/development deal that will turn one home into many and give his team almost half a million dollars in profit!

If you want to submit your deal for a future show, post it on the On the Market forums where you can get other investor takes!

In This Episode We Cover:

The type of land investing that can make you MILLIONS in just a few years

Cosmetic flips and why now may be a low-risk time to get in the market

Why “dense” zoning can make you MUCH more money on your next investment

“Deferred interest” and how to cut down on high holding costs

Why the average age of a home seller in 2023 is NOT what you’d expect

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

Share Your Deal on the “On the Market” Forum

Dealing Dirt: Is Raw Land the Most Underrated Asset of 2023?

Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-144

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

Learn more about your ad choices. Visit megaphone.fm/adchoices

143: How the Hotel vs. Airbnb Battle Completely Flipped w/Jamie Lane

Mon, 25 Sep 2023 06:00:00 -0000

The hotel vs. Airbnb battle may have just completely flipped. Post-pandemic, it seemed as if short-term rentals were the only places worth staying when traveling. Having a house with multiple beds, a kitchen, a private yard, and parking was considered too good for hotels to compete with. But, as the world reopened, travelers got tired of cleaning up after themselves and taking out the trash, and hotels began to claw back market share.

With the idea of a short-term rental “collapse” constantly being pushed throughout mainstream media, we brought on AirDNA’s Jamie Lane to give us the facts about how the hotel vs. Airbnb battle is going. Jamie walks us through some surprising statistics about short-term rental occupancy, why things are starting to change in a post-pandemic world, the real estate markets seeing the worst (and best) performance, and how hotels are faring.

For those who have seen their short-term rental markets start to struggle with so much supply and not enough demand, Jamie has some insider-only tips on finding smaller markets where you can still make a decent profit and how owning an international vacation rental may be your best bet as Americans leave the road-tripping and domestic flights behind.

In This Episode We Cover:

The short-term rental “collapse” and why occupancy is starting to fall

The markets experiencing “normalization” as domestic travel becomes less popular

Must-have short-term rental amenities that can almost guarantee you bookings

Hotels vs. hosts and why Airbnb is losing market share to free buffet breakfasts

Short-term rental regulations and how bans will impact hosts in every real estate market

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

#Airbnbust: The Fall Of Short-Term Rentals

Hosts vs. Hotels: Is There Still Room in The Short-Term Rental Market?

Has the Short-Term Rental Goldmine Run Dry? w/Jamie Lane

Access Up-to-Date Short-Term Rental Data with AirDNA

Connect with Jamie:

Jamie's LinkedIn

Jamie's Podcast

Jamie's Twitter

Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-143

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142: Did High Interest Rates Kill House Flipping? w/Jessie Rodriguez and Tarl Yarber

Fri, 22 Sep 2023 06:00:00 -0000

House flipping profits are off the charts, so why are so many house flippers leaving the market? Top flippers like James Dainard have seen their profits almost double, EVEN with today’s high interest rates. Wouldn’t now be the perfect time to take on more flips than ever? The experts say “no.” In fact, many of them have stepped away from flipping entirely, worried that the risk FAR outweighs the reward.

To give us a more rounded view of this real estate market are Jessie Rodriguez and “I hate real estate but love money” investor Tarl Yarber. Jessie and Tarl have done HUNDREDS of flips throughout the past decade, but now, they’re doing fewer flips than ever before. With high holding costs, an uncertain economic future, and a greater risk of failure, now might not be the best time to start your flipping empire.

But if you have experience, money, or time, you could make some serious returns if you are willing to take the risk. James, Jessie, and Tarl talk about what they’re looking for in today’s market, how to instantly lower your cost of labor on any flip, why so many expert flippers are leaving the business, and why you should “dollar-cost average” in real estate investing.

In This Episode We Cover:

The state of house flipping in 2023 and whether or not now is the time to jump in

Interest rates, holding costs, and how much you can expect money to cost

Why “quick flips” are FAR safer now than extensive, heavy rehab house flips

Why Tarl quit flipping and the signs he’s waiting for BEFORE he gets back into the game

Labor costs and how Jessie INSTANTLY cut down his rehab budget

Dollar-cost averaging in real estate and whether or not it’s a smart move for rookies

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

Unbelievable Returns from Flipping This New Type of Real Estate w/Jessie Rodriguez

Flipping Houses: How to Get Started and Everything You Should Know

Connect with Jesse:

Jesse's Instagram

Connect with Tarl:

Tarl's BiggerPockets Profile

Tarl's Instagram

Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-142

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141: The “Doom Loop” That Could Crash Commercial Real Estate w/Richard Barkham

Mon, 18 Sep 2023 06:00:00 -0000

The “Doom Loop” could cause banks, businesses, and commercial real estate to crash. With real estate valuations down, property owners begin to default, and credit tightens, causing the same cycle to repeat itself again and again, pulling banks and balance sheets down until we reach a bottom. But is this “Doom Loop” scenario just feeding the fear of a housing market crash, or are we months away from this becoming our new reality?

We asked Richard Barkham, Global Chief Economist of CBRE, his take on what could cause a “Doom Loop” and what we should be prepared for. Richard’s team handles some of the planet’s most comprehensive commercial real estate data. When the masses run away in fear, Richard’s team sees opportunity, and if you listen to today’s episode, you’ll know exactly where the prices are too low to pass on.

Richard gives his economic forecast for the next year, when the US could enter a recession, how high unemployment could get, and where commercial real estate prices are heading. While some commercial real estate sectors are facing dramatic price declines, others are looking surprisingly strong. But with a weaker economy and fear of a “Doom Loop” taking hold, are everyday investors safe from this potential economic catastrophe?

In This Episode We Cover:

he real estate “Doom Loop” explained and what could cause this chain reaction to tank asset prices

The “global slowdown” and recession predictions for 2023 and 2024

The weakest and strongest sectors of commercial real estate (and which ones are underpriced)

Cap rate updates and what will finally cause prices to improve again

Best buying opportunities in 2023 and assets with rising rents and declining prices

Unemployment, inflation, deflation, and what we can expect over the next year

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

The Biggest Crash Imaginable is Coming For Commercial Assets

Grab CBRE’s “Midyear Global Real Estate Market Outlook 2023”

Books Mentioned in the Show

Real Estate by the Numbers by Dave Meyer

Connect with Richard:

Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-141

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140: Buffett Bets on The Housing Market EVEN as Mortgage Rates Hit 20-Year High

Fri, 15 Sep 2023 06:00:00 -0000

Mortgage rates are ravaging the real estate market, but Warren Buffett is bullish on housing. With interest rates at twenty-year highs, almost any house is unaffordable to the everyday home buyer. And, with rising insurance costs, commercial real estate investors face HUGE policy hikes that are eating away at any leftover cash flow. But is this just the storm before the calm—have the price hikes peaked, and could we be in store for a more affordable market?

All the doom and gloom can seem scary; thankfully, Dave Meyer, James Dainard, and Kathy Fettke have brought their financial flashlights to make things a bit brighter. In today’s correspondents show, we’re talking about Warren Buffett’s latest move to invest in some of today’s top home builders and why “affordable” housing may be where the REAL money is made in real estate.

Besides Buffett, we’ll also touch on the growing insurance crisis across the United States, who it’s impacting the most, and why Kathy’s latest bill jumped 600% (c’mon, Kathy). Could this insurance squeeze make the commercial real estate crash even more lucrative for buyers? Lastly, we’re talking about one of the most underground topics of 2023—mortgage rates. They’re climbing fast, but this could be a sign of lower rates to come!

In This Episode We Cover:

Why the world’s greatest stock investor is putting his money into residential real estate

The ongoing inventory crisis and why we might be in a “2012” market in 2023

The insurance “squeeze” forcing commercial real estate investors out of their properties

How to lower your insurance costs with simple, sustainable home improvements

A mortgage rate update and crossing into the highest rates of the past two decades

Rental property HELOCs and the best lenders to ask for one

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-140

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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139: Is The Fed Moving Fast Enough to Save Us From a Recession? w/Nick Timiraos

Mon, 11 Sep 2023 06:00:00 -0000

The Fed has put the American economy under extreme pressure to lower inflation. Mortgage rates are now at twenty-year highs, job openings are starting to fall, “cautious consumers” return, and a 2024 recession is still in the cards. Everything the Fed wanted is finally happening…but it’s not happening fast enough. Can anything solve the inflation we’re up against?

Few know the Fed as well as Nick Timiraos, economics correspondent for The Wall Street Journal. Nick has been tracking the Fed’s moves for years and has been our go-to correspondent on what Fed chair Jerome Powell could be announcing next. With inflation finally taking a hit and the economy slowing down, progress is finally being made. But this doesn’t mean that we’re out of the woods yet.

The Fed knows the job isn’t finished yet and is willing to push the American economy to extremes to get there. In this episode, we talk to Nick about the Fed’s next moves, mortgage rate predictions, how the housing market could reignite, recession forecasts, and the “immaculate disinflation” that could save our economy.

In This Episode We Cover:

Why the Fed is keeping mortgage rates high even as we see lower inflation

Consumer spending and why Americans are being more “cautious” with their money

Credit tightening and risks for businesses if interest rates don’t decline

Why job openings are falling and what this means for unemployment

2024 recession risks and what would have to happen for a “soft landing” to actualize

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

The Fed’s Plan for Future Interest Rates

Can the Fed Dodge a Recession in 2023?

The Fed’s Next Move and When Rates Will Drop

Connect with Nick:

Nick's Twitter

Nick's Website

Nick on WSJ

Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-139

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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138: Home Building is Exploding, But Will it Solve Our Inventory Crisis? w/Nikolas Scoolis

Fri, 08 Sep 2023 06:00:00 -0000

We’re in the thick of a housing crisis. Buyers are waiting to pounce on properties, but there aren’t any houses to buy. Mortgage rates are high, and prices have risen or stayed flat in most parts of the country. So, where do first-time home buyers turn when there’s nowhere else to go? New construction homes! But it’s not just regular home buyers bidding on new construction. Investors are creating more competition as the existing home market slowly trickles out inventory.

Nikolas Scoolis’ team at Zonda has been distributing some of the most comprehensive new construction data for the 2023 housing market, and he’s got some good news to share. With new construction home sales sharply rising over the past year, builders are getting bullish, and home buyers are FINALLY getting their hands on some inventory. But, with so many home builders chasing luxury profits, are affordable houses even worth building? And while new homes bring some relief to the inventory crisis we’re facing, it may not be enough to balance supply and demand.

Nikolas will get into new construction market updates, why new home sales are exploding, who’s buying, and the BIG incentives builders are promising buyers.

In This Episode We Cover:

The housing inventory crisis and if new homes will match demand

Affordable housing and whether or not small square footage homes will come on the market

Baby boomer investors vs. first-time home buyers and the fight for inventory

Rate buydowns, free upgrades, and other incentives home builders are still offering

Recovering markets that are seeing strength return after HUGE price drops

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

Who’s Keeping the Housing Market Moving? Baby Boomers

Read Zonda’s New Home Market Update

Bullish Homebuilders, Affordable Housing, and Why Home Prices WON’T Move

Connect with Nikolas:

Nikolas' LinkedIn

Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-138

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137: A “Soft Landing” Looks Shaky as Recession Risk Starts to Rise w/Bloomberg’s Anna Wong

Mon, 04 Sep 2023 06:00:00 -0000

The Chinese economy is facing one of its most significant tests in years. With real estate prices falling off a cliff, unemployment skyrocketing, and a currency crisis, Asia’s largest economy could hit even harder times ahead. But this doesn’t mean the rest of the world will remain unaffected. In the US, recession risks are starting to rise as hopes of a “soft landing” are gradually fading away. With inflation still rearing its ugly head and American households running out of cash savings, the worst could be yet to come.

To give us a global view of the economy is Bloomberg LP’s Chief US Economist, Anna Wong, who also served on the Federal Reserve Board, the White House’s Council of Economic Advisers, and the US Treasury. Few people in the entire country have as good of a read on today’s economic situation as Anna, so we spared no questions about what could happen next.

Anna has some recession predictions that go against the grain of popular economic forecasts. From her data, the risk of a recession is far from over, and we could be heading into a shaky Q4 of 2023 and a dismal start to the new year. She details what could happen to inflation, unemployment rates, foreclosure risk, and why the Chinese economy’s failures could have lasting effects back home.

In This Episode We Cover:

Why a “soft landing” looks unlikely as recession risks begin to rise again

Bankruptcies, delinquencies, and why American consumers are running out of time

Recession forecasts and when the worst economic effects could hit

Deteriorating credit and why American home buyers are falling back into 2008 traps

Chinese economic downfall and what’s causing Asia’s largest economy to crumble

Effects on the US and how a global recession could appreciate the dollar’s worth

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

The 2023 Recession Countdown: Is Now the BEST Time to Invest?

Is the Global Economy About to Collapse? Inside China’s Real Estate Crisis

Join The Bloomberg Terminal and Use Code BECO

Connect with Anna:

Anna on Bloomberg

Anna's LinkedIn

Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-137

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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136: Expensive AND Affordable Markets Are Feeling the House Hackers’ Wrath w/Anson Young and Ryan Blackstone

Fri, 01 Sep 2023 06:00:00 -0000

Buying a house in the 2023 real estate market is already exhausting. Sellers have regained control, and homebuyers are back bidding over every reasonably priced house within a decent school zone. But, buyers have gotten smarter, paying attention to one strategy that allows them to break even or sometimes cash flow, even with today’s sky-high mortgage rates. And our two expert agents from entirely different markets agree: this is the way to go.

To finally tone down Henry Washington’s non-stop Northwest Arkansas propaganda, we’ve brought Ryan Blackstone, local Arkansas agent and broker, on to the show to break down exactly what moves are being made in his “affordable” market. But we’ve also got BiggerPockets royalty, Anson Young, to give his take on where the significantly more expensive Denver market is headed.

Both agents review what buyers are looking for, what’s selling, whether the buyer or seller has control, and the strategies smart investors use to cash flow even in an impossible housing market.

In This Episode We Cover:

Why we may be back to a seller's market and which properties are getting bid up

The one strategy you can use in 2023 to create cash flow (it’s much easier than you think)

Seller concessions and why new developments are making BIG price cuts

Doubling your cash flow almost overnight by changing one part of your lease

The one thing that could trigger a wave of buyers to come back to the market

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

Anson's BiggerPockets Profile

Book Mentioned in the Show:

Finding and Funding Great Deals by Anson Young

Connect with Anson & Ryan:

Anson's Instagram

Ryan's BiggerPockets Profile

Ryan's Instagram

Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-136

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135: New Agent Lawsuits Could Have Profound Effects for Buying and Selling Homes w/James Rodriguez

Mon, 28 Aug 2023 06:00:00 -0000

New real estate commission lawsuits could change home buying and selling as we know it. Long gone may be the days of buyers walking away paying zero commission and sellers having to bear the entire burden of a real estate transaction. Two new class action lawsuits against the National Association of REALTORS (NAR) could change how agents are paid and deals are done, but should investors even care?

We brought in James Rodriguez, Senior Real Estate Reporter at Business Insider, to explain exactly what could happen to commissions, what this means for the future of buying and selling real estate, and whether or not the next agent extinction is on our hands. With over $40 billion in damages from these combined lawsuits, real estate agents may wake up to an entirely new housing market where their services are rarely needed.

But who’s forging this fight against real estate agents, and why are they pushing for a “decoupling” of commissions? And, if you’re a full-time agent, should you be concerned about where your next paycheck could come from, or is this merely a hollow case with no REAL threat to hard-working agents and realtors? Stick around; we’ll get into who should (and shouldn’t) be worried.

In This Episode We Cover:

The multi-billion dollar NAR lawsuits explained and why commissions could be “decoupled”

A BIG threat to buyer’s agents and what happens when their services are no longer needed

Whether or not using an agent is worth it, and why most investors will STILL rely on realtors and agents

The potential of an MLS (multiple listing service) overhaul and combining all local listings into one

Paying agents per hour and the future of real estate commissions

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

Understanding Real Estate Commissions (And How to Negotiate Them!)

The multibillion-dollar lawsuits that could radically reshape how we buy and sell homes forever

Connect with James:

James' Profile - Insider

James' Twitter

Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-135

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

Learn more about your ad choices. Visit megaphone.fm/adchoices

134: Why 2023’s “Rolling Recession” is Almost Impossible to Predict w/Liz Ann Sonders

Fri, 25 Aug 2023 06:00:00 -0000

Holding on to hope that mortgage rates could hit four or even three percent again? Unfortunately, that doesn’t look likely, at least to Liz Ann Sonders, Chief Investment Strategist at Charles Schwab. While Liz spends most of her waking hours thinking about the stock market, she always has her finger on the overall economic pulse. Whether it be bond yields, mortgage rates, economic cycles, or banking crises, Liz Ann needs to know market moves in order to manage Charles Schwab’s $8 TRILLION in assets.

For most heavy real estate investors, the stock market is confusing at best and a game of chance at worst, but NOT knowing what’s happening in one of the largest investment markets in the world could be to your detriment. Since the stock market moves quicker and reacts to economic data at almost instant speed, real estate investors can get ahead by popping out of the property market we’re so preoccupied with.

In today’s episode, Liz Ann not only touches on the state of the stock market but why so many investors are acting out of pure emotion (and not logic), the effect rising bond yields will have on mortgage rates, why savvy investors refuse to “fight the fed,” and the “rolling recession” that could explain 2023’s constant economic hills and valleys.

In This Episode We Cover:

The “rolling recession” and why its economic effects won’t hit us all at once

Why mortgage rates won’t go back to 2021 levels EVEN when bond yields fall

The psychology of emotional investing and why most investors are forfeiting data when making decisions

New “bullish” signs from stock investors and what they’re investing in

Why waiting for a recession to invest could be a MASSIVE financial mistake

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

The Fed Just Got One More Reason to Hike Mortgage Rates

Is Now the Best Time to Get Into the Stock Market?

Connect with Liz:

Liz on Charles Schwab

Liz's Twitter/X

Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-134

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

Learn more about your ad choices. Visit megaphone.fm/adchoices

133: Where America’s Most Accurate Forecaster Sees Home Prices in 2024 w/Doug Duncan

Mon, 21 Aug 2023 06:00:00 -0000

Housing affordability has reached lows that most Americans never knew existed. After home prices had an unprecedented multi-year run-up and mortgage rates got hiked, the average home buyer was out of luck. They couldn’t afford a house, and even if they could, the chances of getting one were slim to none when no inventory existed. Many now hold on to a hope that affordability could be around the corner, but this isn’t looking likely, at least not according to the most accurate forecasters in the country.

Doug Duncan, SVP and Chief Economist at Fannie Mae doesn’t just do the standard housing market forecast models. His team at Fannie Mae has come up with the most accurate predictions of the housing market to date through a combination of judgment, market sentiment, and math. Today, Doug is on the show to give his data-backed take on home prices, mortgage rates, and the affordability crisis.

There is some good news for homeowners and not-so-good news for home buyers, but Doug brings some solid advice for those still struggling to buy a home, plus a forecast of when things could finally turn around. If you want to know whether a recession is still in the cards, what home prices will do, and when affordability will reach equilibrium, tune in!

In This Episode We Cover:

A 2024 home price forecast that most didn’t think was possible

Housing affordability and why we may not see relief for YEARS to come

Recession watch and whether or not we’re in the economic clear

Data modeling and why you CAN’T just rely on the math for your housing market predictions

Advice to first-time home buyers and what you MUST have before you try to buy

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

Grab Fannie Mae’s Forecast

Housing Market Affordability Has Crossed a Concerning Threshold in the U.S

Connect with Doug:

Fannie Mae

Doug's LinkedIn

Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-133

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

Learn more about your ad choices. Visit megaphone.fm/adchoices

132: Banks Cut Credit, Is The Housing Market “Recession” Really OVER?

Fri, 18 Aug 2023 06:00:00 -0000

The housing market “recession” is…over? At least, that’s what some economists think. But it doesn’t feel so stable for the rest of us real estate investors. Home prices are still dropping in some markets, teetering on stability in others, and hot as ever in growing areas. With mortgage rates rising and the Fed staying true to its word, how can we be so sure that home prices won’t begin to fall across the nation?

We’re back with another headline show where Dave Meyer, James Dainard, Jamil Damji, Kathy Fettke, and “the only investor in Arkansas,” Henry Washington, give their take on some of the hottest housing market stories of late. We talk about the NAR (National Association of REALTORS) declaring the “housing recession” to be (potentially) over, why banks are tightening credit and denying loans more than ever before (and how to still get funding), why lowball buyers are actually in the right, and the cities across the US most poised for growth.

With offers becoming harder and harder to get accepted, interest rates rising, lending on lockdown, and sellers still living in 2022, you MUST invest smarter to build wealth in today’s market. Thankfully, all our guests are doing just that and dropping some gems on beating the regular buyers by being smarter, faster, and picking up deals for less!

In This Episode We Cover:

The “housing recession” and why some economists think it may be over

Why investor buying activity remains high EVEN with rising mortgage rates

The commercial credit crunch and why banks are refusing to lend on specific assets

Five reasons you’re getting lowball offers and why buyers NEED to stay reasonable

The US cities most poised for growth and Henry’s secret city to invest in (it’s NOT in NW Arkansas!?)

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

Hear Our Episode with J Scott and Scott Trench

Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-132

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

Learn more about your ad choices. Visit megaphone.fm/adchoices

131: Home Prices May Have Bottomed Says New "Investor Sentiment Survey" w/Rick Sharga

Mon, 14 Aug 2023 06:00:00 -0000

Home prices were supposed to crash…right? Not quite. If you were hoping to snag a steal of a deal on your first home, we’ve got some bad news. But, if you’re a homeowner or investor who was crossing their fingers that their equity would stay stable, things are looking good! As the housing market begins to “adjust” back to normal, investors are asking themselves, “What happens next?”

We brought repeat guest and fan-favorite Rick Sharga, founder of CJ Patrick Company and former EVP of Market Intelligence at ATTOM, back on the show to share the findings of his most recent investor survey. Rick and his company have been tracking the sentiment of small retail investors—a dataset we rarely get to hear about—and he has some news to share.

Investors are thinking about the housing market differently than most would assume. With high mortgage rates and financing fatigue, rental property investors and active house flippers have the same thought: things could get better soon. But what could change? Will inventory ever rebound? And what could cause another hot housing market? All that, and more, in this episode!

In This Episode We Cover:

The one investment strategy that has been dramatically declining (and why it may have a comeback)

Home prices and whether or not we’ve bottomed out already

What small retail investors think will happen next in the housing market

The #1 challenge investors are facing today (and when this could improve)

An “inflection point” for real estate and whether competition will heat back up

Fixing the inventory problem and how long it will take to return to “normal” levels

Declining and rising real estate markets that Americans are moving away from/to

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

BiggerPockets Real Estate Podcast 604

On The Market Podcast 17

On The Market Podcast 66

Investor Sentiment Survey

Connect with Rick:

Rick’s LinkedIn

Rick’s Twitter

Rick's Website

Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-131

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

Learn more about your ad choices. Visit megaphone.fm/adchoices

130: The 4 Most Affordable, High Cash Flow Real Estate Markets of 2023

Fri, 11 Aug 2023 06:00:00 -0000

Looking for a high-cash-flow real estate market? Well, you’ll need low home prices to make that happen. With mortgage rates still at multi-decade highs and affordability at forty-year lows, there isn’t much cash flow to around…unless you’re investing in one of these markets. And while “cheap” rarely means “good,” there are a few housing markets on this list that investors can feel safe parking their money in.

Unless you have a million dollars in the bank or already own a portfolio of beachfront homes in Hawaii, you’re probably looking for the best market to stretch your investing dollars. Thankfully, we’ve got just that as the On the Market panel covers the ten most affordable housing markets in the United States. We’ll get into the nitty-gritty of the top four and highlight which we’d invest in and steer clear from.

Some of these markets have huge manufacturing entering the area, prompting massive job growth that could surge home prices. But, with most unaware of this type of economic movement, investors like you can take advantage by getting into these affordable markets before they become boomtowns!

In This Episode We Cover:

The ten most affordable real estate markets across the country (and which we’d invest in)

Two markets that are about to experience massive job growth but STILL offer low prices

Cash flow vs. appreciation and which market to invest in if you want LONG-term wealth

Entering the “investor’s market” and why real estate investors have the upper hand in 2023

How to vet a rental property market and the metrics you MUST pay attention to before you buy

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

10 Most Affordable Markets List

2022’s Most Affordable Housing Markets

Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-130

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

Learn more about your ad choices. Visit megaphone.fm/adchoices

129: Why “Lazy” Investors Won't Make It in 2023’s Housing Market w/Avery Carl and David Greene

Mon, 07 Aug 2023 06:00:00 -0000

The housing market has dealt a tough hand to real estate investors as of late. Prices are staying the same, but mortgage rates are rising, rents have peaked, and so-called “easy” investments have been increasingly difficult to manage. The “lazy” investors who bought simple short-term rentals are now sitting with empty units, and BRRRRers that never adjusted their strategy are stuck with standard houses producing bleak returns. What’s the right move to make when investing is harder than ever before?

We wanted to know what’s REALLY happening in the housing market. So we brought on short-term rental expert Avery Carl, father of the BRRRR method David Greene, and luxury flipper James Dainard, to get their opinions on what’s working, what isn’t, and what investors should do now. Surprisingly, all these experts agree that ONE type of investing is the best way to go, and it’s such an obvious choice that you may miss it.

But, before this real estate investing strategy smackdown begins, we’ll get to know the current states of short-term rentals, flipping, and BRRRRing, plus which strategies are making money and which are falling flat. This is a new housing market; if you want to make it, you can’t play by the same rules.

In This Episode We Cover:

The ONE investing strategy ANY investor can use to make more money in 2023

The short-term rental slowdown and why basic hosts are in trouble

Flipping houses and the almost unbelievable returns you could be making in today’s market

Why “lazy” investors are about to get crushed (and what they can do about it)

BRRRR blunders and why this strategy may have to be put on ice until rates drop

Avoiding the “turnkey trap” that’ll tie you to a boring house, making bleak returns

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

Avery's BiggerPockets Profile

Book Mentioned in the Show

BRRRR by David Greene

The Book on Flipping Houses by J Scott

Short-Term Rental, Long-Term Wealth by Avery Carl

Connect with Dave and Avery:

Avery's Instagram

Avery's Website

David's BiggerPockets Profile

David's Instagram

David's Website

Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-129

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128: The Worst Real Estate Investing Advice of 2023

Fri, 04 Aug 2023 06:00:00 -0000

Real estate investing advice is everywhere, especially from people who don’t invest. You’ve seen the financial influencers screaming, “Don’t buy!” or “Wait for the crash!” often while doing a little dance or pointing to some cherry-picked statistics. While this amateur advice rarely gets considered by investing experts, those who are just getting started are susceptible to following this dumpster fire of investing guidance and will end up losing money as a result. But don’t worry; we’ve brought the antidote to this horrible advice.

We got the entire On the Market panel together to give their favorite pieces of lousy investing advice and what to do instead so you can ACTUALLY build wealth. From waiting for the crash to only buying foreclosures to purchasing a property way over your budget, this real estate investing advice is some of the worst, if not most hilarious, we’ve seen in a long time. And with the economy on the edge of a recession, now is NOT the time to take money tips from twenty-two-year-olds on the internet.

For every piece of bad advice we get, we’ll give you our personal, time-tested advice on what we’d do in today’s housing market. Some of this expert advice may shock you since it goes against what everyday investors have been told. But, if you follow it, you could be building wealth like our multi-millionaire guests!

In This Episode We Cover:

The one “risky” real estate strategy that has made our guests millions

Who should (and definitely shouldn’t) become a real estate agent

“Buying the dip” and why getting in at the bottom isn’t always a bright idea

Discounted deals vs. buying at retail value and which markets require which strategy

The dangerous bet you’re making when buying during high mortgage rates

Investing in new construction homes and the one scenario where you MUST avoid doing so

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

Book Mentioned in the Show

How to Wholesale Real Estate by Jamil Damji

Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-128

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Bonus: The Fed’s Next Move and When Rates Will Drop | Ask Meyer Anything

Wed, 02 Aug 2023 06:00:00 -0000

Could mortgage rates fall in 2024? And if so, how low will they go? What happens if home prices rise; could the Fed make things even harder for buyers? And what’s the one thing that could cause sellers to hike prices again? We have good news for you if you’ve been noodling on these unanswered questions. Dave Meyer is here to quench your thirst for data with this month’s AMA (ask me anything)!

If you want to unlock this FULL episode, ad-free podcasts, and unlimited BiggerPockets audiobooks, click here to sign up for the BiggerPockets Playlist Membership. For only $100/year, you’ll get access to all that AND time-sensitive investing episodes like this that will help YOU make better investing decisions.

When mortgage rates will fall and how low they’ll go

The Fed’s next moves and what they’ll do if home prices rise

Home price predictions and why deals could get even harder to find

What to do TODAY if you’re starting from zero

How to invest your first $25,000 and the EASIEST way to get into real estate

Whether or not the short-term rental market will recover

Whether a hot dog is or is not a sandwich, and why this American classic breaks the rules of handheld food

And So Much More!

Check the full episode here: https://biggerpockets.com/playlist

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127: Why 87% of Agents Won’t Make It In This Market w/RE/MAX President Nick Bailey

Mon, 31 Jul 2023 06:00:00 -0000

Real estate agents had it made over the past two years. When mortgage rates were low, buyers lined up to make bids, sellers were ready to upgrade, and properties were flying off the shelves. For almost any agent in any market, business was booming, and it seemed like it wouldn’t ever stop. Then mortgage rates began to rise, monthly payments became dangerously unaffordable, and the agents looking for easy commissions disappeared. But what if an industry expert told you there was still hope to help buy and sell homes?

Nick Bailey, President and CEO at RE/MAX, has been in the real estate business since he was a teenager. After buying the building his local pizza shop operated in, Nick went on to house hack in college, building an impressive career at not only RE/MAX but Century 21 and Zillow. He understands the agent business better than anyone and wants YOU to know the secrets to success.

In today’s episode, Nick touches on the shocking statistic that most real estate agents fail, why average agents are struggling in today’s market, how homebuyers can get around today’s high fixed interest rates, and the one thing you NEED if you want to take home consistent commission checks.

In This Episode We Cover:

Fixed-rate vs. adjustable-rate mortgages and new loan products that put buyers in a better position

Market trends and why fix and flippers are becoming (temporary) rental property owners

Why most real estate agents fail (and the steps to success that top agents follow)

How to find a great agent, whether you’re a first-time home buyer or investor

Niching down and why modern agents will FAIL if they can’t find their focus

Why agents MUST do more than sell real estate to build wealth

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

Books Mentioned in the Show

The Agent's Edge by Jordan Cohen

Connect with Nick:

Nick's LinkedIn

Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-127

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126: 2023 Housing Market Forecast: “Things Are Going to Be Messed Up” w/J Scott and Scott Trench

Fri, 28 Jul 2023 06:00:00 -0000

Need housing market predictions? We’ve got them. Unfortunately, they may not be exactly what you want to hear. While most landlords hope and pray that mortgage rates will head down and the housing market will finally open back up, reality paints a much different picture. With inflation still high and the Fed refusing to budge on rates, we could be in for a wild ride over the next six months. So, what will unfold before the clock strikes midnight at the end of 2023? Stick around and find out!

We brought in the heavy hitters for today’s episode. J Scott, syndicator and author of numerous best-selling real estate books, but most importantly Real Estate by the Numbers, brings his stoic and scarily accurate take to the podcast. But that’s not all. BiggerPockets CEO Scott Trench joins us to give his investor, executive, and homeowner opinion on what’s happening in the housing market. Of course, Kathy Fettke, multi-decade investor and syndication expert, brings her unique view from booming markets.

We’ll go over the housing market, inflation, interest rates, unemployment, and the overall state of the economy in this show. From explaining why the Fed will either drop or raise rates this year to examining the impact of a potential recession, then discussing the somewhat cherry-picked stats chosen by the Fed, this episode goes MUCH deeper than real estate, and you could get caught off guard this year if you don’t know what’s coming.

In This Episode We Cover:

2023 housing market predictions and why “things are going to be messed up” for years to come

Why mortgage rates could fall (or rise) and what could cause the Fed to move

Unemployment stats and why the “gig economy” could be in danger

False inflation numbers and what will force inflation to drop, then spike, this fall

The commercial real estate crash and why multifamily investors could see a profitless next few years

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

Hear Our Interview with Fed Expert, Nick Timiraos

Books Mentioned in the Show

Real Estate by the Numbers by J Scott and Dave Meyer

Connect with J:

Everywhere Else

Connect with Scott:

Scott's Instagram

Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-126

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125: Is Buying a Bad Decision in 2023? w/Redfin’s Daryl Fairweather

Mon, 24 Jul 2023 06:00:00 -0000

Buying a home might not be the best idea in 2023. You’ll have to go through a few challenges to get one under contract. First, find a homeowner who wants to sell their home; you’ll need to convince them that ditching their low rate is worth the price. Then, secure funding; but with even the best home buyer loan, you’ll probably be stuck with a seven percent rate. Wouldn’t it be easier just to rent and invest the rest of your money? According to Daryl Fairweather, Ph.D., Chief Economist at Redfin, that’s precisely what you should do.

New data has shown that with home affordability at historic lows, now isn’t the best time to buy a primary residence. But where would you find the inventory even if you wanted to buy? “Locked-in” homeowners are refusing to part ways with their properties, and nobody can blame them. But, there are still a few metro areas worth buying in, and if you live in, or are moving to, one of these areas, you could be in luck.

But Daryl doesn’t just explain the buying vs. renting debate. She also talks about buyer demand and its recent drop-off, mortgage rate predictions and what we can expect rates to get down to, risky real estate markets facing natural disasters, and news for real estate agents that could change how commissions are paid and collected.

In This Episode We Cover

Renting vs. buying and which is a better bet in 2023

Affordability, buyer demand, and why renting may be the only option for many

Mortgage rate predictions and how low rates could go in the near future

Insurance headaches from California and Florida and why insurers AREN’T signing new policies

Migration patterns and where Americans are moving as home prices remain high

New real estate agent commission news that could change who pays an agent for buying or selling a property

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

Get Access to Unlimited BiggerPockets Audiobooks and Ad-Free Podcast Episodes

Renting vs. Buying a House: Which Makes More Sense

Connect with Daryl

Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-125

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124: The Fed Just Got One More Reason to Hike Mortgage Rates

Fri, 21 Jul 2023 06:00:00 -0000

Thought we were done with mortgage rate hikes? Not so fast. The Fed always has time to get mad about something else and push interest rates even higher. This time, a surprise job report makes the Fed furious and could lead to a much more difficult housing market for investors and homebuyers. But this news isn’t all we’ve got on this episode. We’re touching on some of the biggest stories across the housing market, summing them up, and sharing them with you so you can bob and weave with the ever-changing economy.

Want to invest in real estate with just a thousand bucks? If so, you’re NOT in luck because one prominent real estate crowdfunding platform has just gone bankrupt. But don’t worry; it’s not all doom and gloom. The new jobs report is painting a stellar economic picture but could lead to you having a more expensive loan. And for those that own short-term rentals, one housing market forecaster is predicting a mass sell-off due to Airbnb host income declining.

Finally, we’ll talk about home prices, whether they’re actually falling or not, and how home buyers are STILL bidding even during some of the lowest affordability we’ve ever seen. Keep your pulse on the property market; tune into this week’s real estate roundup!

In This Episode We Cover

Short-term rental stagnation and why hosts are seeing income dwindle

Whether or not a massive vacation home sell-off could come to the housing market

Mortgage rate hikes, new job numbers, and why the Fed is furious again

PeerStreet’s recent bankruptcy and what this means for crowdfunding investors

The half-truth of home prices “falling” and why some markets are still seeing bidding wars

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

Federal Student Loan Forgiveness Update: What Happens Now?

Airbnb Income

Home Prices

PeerStreet Goes Bankrupt

Rate Hikes and Jobs

Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-124

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123: Why Investors Are Giving Up Their “Golden 4% Interest Rates” w/Caeli Ridge and Tim Herriage

Mon, 17 Jul 2023 06:00:00 -0000

Need rental property financing? What about an investor loan that won’t stop your cash flow? It’s tough in 2023. With high mortgage rates and many veteran investors predicting a commercial crash, finding funding for your deal might seem impossible; but you’re probably looking for loans in the wrong place. Novice investors run off to the same lender that helped them get their primary home loan, while experienced investors know of loan products that most couldn’t even dream of.

To help get you a better mortgage, at a better rate, with less financing fatigue, is Caeli Ridge from Ridge Lending Group and Tim Herriage from RCN Capital, two of the most prominent investor lenders in the nation. Caeli and Tim know which loans work best for which investor, property, strategy, and price point. In this episode, they’ll review loan products that could help you score better deals with fewer headaches, explain why today’s high interest rates won’t last, and uncover the REAL reason investors are giving up their low mortgage rates for more expensive mortgages.

Caeli also goes in-depth on a new type of HELOC/home loan with lower interest costs that could benefit you IMMENSELY over the life of your loan. Tim also shares why he believes there WON’T be a commercial real estate crash and how financing investment properties could get even easier. If you’re waiting to invest or want some signal that lower mortgage rates are returning, this episode is for you!

In This Episode We Cover

Investor-only loans that’ll help you build a real estate portfolio faster

Mortgage rate predictions and why top lenders don’t think high rates will last

Portfolio loans, blanket loans, and DSCR (debt service coverage ratio) loans explained

A new type of HELOC that leaves you with a lower interest rate

The commercial real estate “crash” and why top lenders DON’T think it’ll happen

Where to find the perfect investor-friendly lender for your next property

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

Tim's BiggerPockets Profile

Connect with Caeli and Ridge Lending:

Ridge Lending Website

Ridge Lending Email

Phone: Call 855-74-RIDGE

Connect with Tim and RCN Capital:

Tim's Socials

RCN Socials

RCN Capital Website

Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-123

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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122: This City's Huge New Development Could Shoot Home Prices Through the Roof

Fri, 14 Jul 2023 06:00:00 -0000

One real estate market is ready to explode, haunted houses and “dark tourism” become all the rage, tiny homes are the new affordable housing, and multifamily investors find colossal cash flow with homeless housing. It’s halfway through 2023, and no real estate investing opportunity can be taken for granted. Long gone are the times of buying any house and counting on cash flow to come through every month. If you want to know the REAL ways to make money in real estate, this is the episode for you!

We’re back with the full On the Market podcast panel, as Henry, James, Jamil, and Kathy bring in news stories affecting real estate investors nationwide. First, Henry talks about a “micro-home” community of tiny houses helping home buyers lock in a mortgage for almost half the average cost. Then, James touches on California’s consistent struggle with homelessness and how multifamily investors can profit by building safe spaces for those that need a helping hand.

Kathy brings the inside scoop on a new resort development that could shoot one city’s home prices through the roof. Finally, Jamil makes us all feel slightly uncomfortable by mentioning “dark tourism” and how buying haunted houses could give you a huge ROI as tourists beg to be terrified. If you want to know about all the unconventional yet high-profit housing market opportunities, stick around!

In This Episode We Cover

The rise of haunted house investments and the surprising profits of “dark tourism”

Tiny houses, “micro-homes,” and other affordable housing options home buyers are looking for

How to get paid by providing housing to the homeless IF you own this type of rental

The new resort development that could cause home prices to explode in this ski town

Why the government WANTS investors to turn vacant land into low-income housing

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

Tiny Homes, Huge Profits: $6,000 a Month from 1 Property!

5 Tips for Owning Low-Income Rentals

Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-122

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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121: Why the Fed is Steering Us Straight Towards the Next Great Recession w/Danielle DiMartino Booth

Mon, 10 Jul 2023 06:00:00 -0000

The Federal Reserve could be steering us straight into the next great recession. After decades of monetary and fiscal debacles from quantitative easing to safeguarding big banks that hurt everyday Americans, it seems almost everyone wants the Fed to be taken apart and rebuilt or shipped away, never to have economic sway again. Grave mistakes have been made over the past two decades, many of which will have unfathomable consequences for today’s economy. So, can the Fed do ANYTHING to save us?

Enough with the speculating. We brought former Advisor to The Federal Reserve Bank of Dallas, Danielle DiMartino Booth, to tell us what happens behind closed doors. Danielle was there at the beginning of quantitative easing, fighting back against a program she knew would lead to a weak economy. Now, as Danielle puts it, “everything has come home to roost,” as quick decisions made in the last financial crisis put us in a massive economic bind. This is NOT good news for real estate investors; those buying today could be in serious trouble in years to come.

Throughout today’s episode, Danielle gives us her take on how the Fed could fix itself, current actions Jerome Powell, Chair of the Fed, has put into place to correct the course we’re on, and whether or not a “soft landing” is possible as the American economy heads into a recession. Finally, Danielle gives her advice on what real estate investors should do and why those exiting the market might be smarter than the rest of us.

In This Episode We Cover

Massive mistakes the Fed made during the Global Financial Crisis that we’re paying for today

Quantitative easing explained and why “money printing” is so dangerous to the economy

The “dual mandate” that’s making the Fed’s job almost impossible to achieve

Recession predictions and whether we’ll face a soft landing or hard crash

Why smart real estate investors are hoarding cash and refusing to buy

False job data and why the unemployment rate is about to get even worse

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

Book Mentioned in the Show:

Fed Up by Danielle DiMartino Booth

Connect with Danielle:

Danielle's Substack

Danielle's Twitter

Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-121

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120: Federal Student Loan Forgiveness Update: What Happens Now? w/Sarah Ewall-Wice

Fri, 07 Jul 2023 06:00:00 -0000

We’re here with a HUGE student loan forgiveness update. Since President Biden was elected, those with student loans have been hoping and praying to have a sizable chunk of their debt wiped away. Tens of millions of borrowers would have been impacted, helping free up cash for those that need it most. But, on the other hand, taxpayers were staring at a $400B bill to forgive just a fraction of the student loan debt in America. The economic implications of student debt relief passing would have been huge, but a more significant economic impact could continue for borrowers.

We’ve brought back Sarah Ewall-Wice, Political and Economics Reporter at CBS News, to give us a full student loan forgiveness update, break down what exactly happened in the Supreme Court, and what we must prepare for now that student debt relief is off the table. But, if you were banking on your loans being forgiven, fret not; a new plan may already be underway to give those with student debt another chance at redemption.

Sarah walks through the legal battle the Biden Administration brought forth to get debt relief passed, what will happen to graduates now that the bill has come due, and whether or not defaults could increase across the board as a result. Dave and Sarah will also debate why a solution to rising college costs hasn’t been conceived and what you should do NOW if you have student loan debt.

In This Episode We Cover

A federal student loan forgiveness update and what will happen next

Why the Supreme Court decided to axe the debt relief plan (it’s not what you think)

Resuming student debt payments and what graduates need to do NOW

Whether or not defaults across credit cards and mortgage payments could increase as a result

The true cost of college and why unaffordable education MUST be tackled

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

Hear Our Past Interview with Sarah on US Debt

Connect with Sarah:

CBS News

Sarah's Instagram

Sarah's Twitter

Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-120

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

Learn more about your ad choices. Visit megaphone.fm/adchoices

119: Why AI Is About to Make Real Estate Investing EVEN Easier

Mon, 03 Jul 2023 06:00:00 -0000

Artificial intelligence (AI) like ChatGPT might not be great at writing podcast intros, but when it comes to building a rental property or real estate portfolio, these platforms produce far more help than harm. While most of the general public uses AI to write poems about their dog or history papers for class, real estate investors are harnessing this technological power to buy more properties, outsource simple tasks, and reach sellers faster than ever. Want to do the same? You’ll have to stick around!

For years, our panel of real estate experts have been using AI, automated apps, and software to grow their portfolios to new heights. And, even if you don’t own thousands of rentals or do hundreds of fix and flips a year (like James), you too can use this real estate tech to make your life easier, spend less time working, and focus more on what your business needs from YOU.

In this episode, Dave, James, Jamil, and Kathy will go over exactly how they’re using AI platforms such as ChatGPT, the systems and software they’ve implemented into their own businesses, whether or not more automation could threaten jobs, and how you, even as a small investor, can leverage the same tech top investors use to build wealth faster!

In This Episode We Cover

Why ChatGPT may be good at everything but writing podcast intros

Using AI platforms to create job descriptions, outreach to sellers, and take menial tasks off your plate

Whether or not AI has the potential to kill jobs in the real estate sector

The “job evolution” that is waiting for those who can embrace new technology

The EXACT software, systems, and apps we’re using to grow our real estate portfolios

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-119

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

Learn more about your ad choices. Visit megaphone.fm/adchoices

118: The Next “Wave” of Foreclosures and Markets With the Deepest Discounts w/Auction.com’s Daren Blomquist

Fri, 30 Jun 2023 06:00:00 -0000

The next foreclosure wave is already brewing. Over the past few years, monetary moves and rash home buying decisions were made that could cause even more foreclosures to hit the market. The question is, which markets will face the most foreclosures, and how low will prices go? But that’s not all; foreclosure competition has started to spike as a new type of buyer enters the market for these deeply discounted properties.

And if you want to know about foreclosures, discounted properties, and data on the markets with the biggest price cuts, Daren Blomquist from Auction.com is your man. As VP of Market Economics, Daren knows where the foreclosure market is moving before the masses do. In this episode, he gives his take on the next “wave” of foreclosures that could be headed our way, when it will hit, and the investing areas already feeling the effects.

Daren also talks about the unexpected buyers entering the foreclosure market and how they could put investors at the back of the line for discounted deals. And if you’re in this specific state, prepare for your properties to be placed at open auction, as investors are forced to wait to acquire the foreclosure properties they rightfully won. Make no mistake; there are MANY deals out there for investors, but competition could start to heat up fast!

In This Episode We Cover

The “seeds of a bigger foreclosure wave” that are about to sprout

Buyers bounce back and why the housing market and home prices have been so resilient

A rise in foreclosures and what’s causing a steady uptick in homeowners forfeiting their houses

New foreclosure laws that could make it even harder for investors to buy discounted properties

Markets facing the deepest foreclosure price cuts

Recession predictions and whether or not this will force even more foreclosures

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

The Biggest Real Estate Tax Loophole You’ve (Probably) Never Heard Of

How Much Investment Diversification Is Right for You?

Hear Our Previous Interview with Daren

Connect with Daren:

Auction.com News

Daren's LinkedIn

Daren's Twitter

Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-118

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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117: 4 Comeback Housing Markets That Could Rebound in 2023

Mon, 26 Jun 2023 06:00:00 -0000

Looking for housing markets with population growth, new jobs, rising home prices, and unlimited profit potential? If so, you’re in luck! In this episode, we’ll reveal four of our favorite “comeback” housing markets primed to explode over the next few years. Thanks to the recent housing correction pushing home prices lower, some top investing areas are sitting on suppressed prices that might not last long. So, what are our top markets?

First, we head down south to talk about an explosive city that tanked in property pricing but now looks like a strong buy. Then, we’ll head to the Silicon Slopes to break down why this new tech hub (and ski city) boasts some surprising metrics that could mean more money for rental property investors. From there, we’ll enter into the dense forest and fog of an iconic city that isn’t even close to past its prime. Finally, we’ll finish with a nugget of wisdom from Dave on why this “fast food city” might be worth more than its munchies.

So, if you’ve been preparing for your next out-of-state investment or are just looking for a market that’ll bring you long-term growth, tune in to hear where our experts are planning their property purchases!

In This Episode We Cover

The four most promising comeback housing markets of 2023

Market metrics you should look for when analyzing a real estate investing area

Tech’s potential hiring boost and why public layoffs won’t last forever

The surprisingly strong city that is seeing rock-bottom days on market and bidding wars

Following big businesses and why you should look for job growth BEFORE you invest

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

What An Analysis Of 295 Housing Markets Told Me About The National Market

The 8 Worst and Best Housing Markets in The US (2023 Edition)

Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-117

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

Learn more about your ad choices. Visit megaphone.fm/adchoices

116: Asset Allocation 101 and Revealing Millionaire Investment Portfolios

Fri, 23 Jun 2023 06:00:00 -0000

Asset allocation is arguably the most crucial step in building wealth. While most people think just buying rentals is enough, having the money set aside to protect those rentals, and subsidize your business during rough markets, can make or break your real estate portfolio. In the last crash, those entirely in real estate saw their wealth dwindle to nothing while diversified investors held strong, scooping up deals at a steep discount, making millions in the coming decade.

Now, with many investors fearful that we’re on the edge of another crash, James Dainard and Kathy Fettke have stepped in to give advice only multi-decade millionaires know of. Dave, James, and Kathy will be breaking down their exact investment portfolios, walking through what they own, what they don’t, and how they structured their wealth to stay safe without stagnating.

They’ll also share their advice on what to invest in TODAY, how to diversify your portfolio so you don’t get liquidated in the next crash, what they’d buy with $100,000, and “risk-free” investments like bonds still boasting favorable returns. Whether you’re just starting to invest or are looking to optimize your passive income, this episode is for you!

In This Episode We Cover

Asset allocation 101 and why it is SO crucial to building (and keeping) wealth

Revealing our multimillion-dollar investment portfolios and how we designate our dollars

Kathy’s short-term rental bet and house hacking EVEN while you’re financially free

Geographic diversification vs. asset diversification and whether the market or asset matters more

Protecting yourself during a real estate crash and what James wishes he did last time

Bonds and “risk-free” investments that could give you a stress-free return

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

The Biggest Real Estate Tax Loophole You’ve (Probably) Never Heard Of

How Much Investment Diversification Is Right for You?

Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-116

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115: How the Housing Market Could Correct WITHOUT Home Prices Falling w/Black Knight’s Andy Walden

Mon, 19 Jun 2023 06:00:00 -0000

Home prices could become affordable without any of us noticing. In fact, home prices don’t even have to fall for the housing market to enter into a mild correction. With affordability hitting lows that we haven’t seen since the seventies and eighties, what could save today’s home buyers from paying for one of the most expensive mortgage payments of all time? Something must be done. And thankfully, it might already be happening.

If you want to know the truth behind silent housing corrections, market-abandoning buyers, and where we could be headed, you better ask Andy Walden from Black Knight. We brought Andy on the show to talk about everything from mortgage rates to unaffordability, delinquencies, foreclosure fears, and what can be done to help our home buyers. Andy spends all day, every day, playing with some of the most vital proprietary property data sets imaginable, and he has an answer to almost every question.

In this episode, Andy speaks on the housing market correction that could happen without home prices falling, why more home buyers are leaving the market, how mortgage rates could fall without the Fed’s input, and what could cause delinquencies to finally rise.

In This Episode We Cover

The silent housing correction and what could cause affordability to rise

Mortgage rate lock activity and why we’re hitting all-time lows for home buying

Bond yields, mortgage spreads, and how rates could fall without the Fed intervening

The housing inventory crisis that’s causing home prices to stagnate

Delinquency forecasts and two big events that would put homeowners in a tight spot

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

Grab the Latest Mortgage Monitor

What Is a Housing Market Correction and How Does It Really Impact You?

Connect with Andy:

Work with Andy and His Team

Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-115

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114: Home Price Predictions, Affordability False Flags, and 40-Year Mortgages

Fri, 16 Jun 2023 06:00:00 -0000

Housing market forecasts, affordability false flags, forty-year mortgages, and a baby boomer shopping spree. Today, we’re touching on anything and everything affecting the housing market as the full On the Market panel joins Dave Meyer to answer YOUR most-asked questions. Dave has been collecting questions from viewers to have a rapid-fire question-answering round with some of today’s top real estate investing experts. If you want to know what will happen next in the housing market, tune in!

We invited the whole crew to give their opinions on today’s investing market. We’ll talk about whether the real estate market’s “crash” is tied to stock performance, affordability and how ADUs (accessory dwelling units) may have shot home prices even higher, and the new forty-year mortgage and whether or not it’s a safe option for everyday home buyers. But, we’re also peaking into our crystal balls to give some BIG housing market predictions for the next few decades.

Kathy talks about how average home prices could hit seven figures (seriously!) within our lifetime and why buying now may be your last chance to snag an “affordable” home. Then, to wrap things up, our expert guests share which asset class they’d invest in TODAY that could lead to a HUGE payoff in just a few years. The market is changing; stick around so you’re not left behind!

In This Episode We Cover

What we’d invest in TODAY that could see HUGE profits in the next few years

Finding the housing market’s bottom and whether or not we’ve already hit it

Housing affordability and why ADUs (accessory dwelling units) may have hurt home buyers

A thirty-year real estate prediction and how high home prices could get

The new forty-year mortgage, who’s applicable to get one, and affordable loan options

Baby boomer buyers, rising birth rates, and demographic trends that could seriously affect the market

Mortgage rates explained and why lenders won’t undercut their competition

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

Hear Our Interview with Chris Martenson

Housing is Unaffordable, But Could It Actually Get Worse?

Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-114

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113: ‘08 Crash Predictor Ivy Zelman on The Biggest Danger Facing Real Estate Today

Mon, 12 Jun 2023 06:00:00 -0000

The housing market is stuck. Stubborn homeowners with low rates refuse to move, even as demand starts to pick back up. Homebuilders are driving ahead with more new construction homes, but is it too late to deliver the supply we so desperately needed only a year or two ago? Where is the housing market moving next, and how long will we be stuck in this standoff? Ivy Zelman from Zelman & Associates successfully predicted the last housing crash, so what does she have to say about today’s market?

Ivy is a thought leader in the real estate research space. Her credibility has been showcased repeatedly as her team accurately forecasts numerous housing market moves. Constantly on the phone with institutional buyers and builders, Ivy tends to know what’s happening before even the top forecasters. In this episode, Ivy gives her opinion on today’s housing market, why buyers and sellers are “stuck,” and whether or not the “underbuilding” problem is even an issue as demographic trends start getting dangerous.

She also shares which real estate markets are in the most danger, the concerning catastrophe facing many southern states, and the markets she’s most bullish on that could withstand the test of time. But, more importantly, Ivy shares her thoughts on whether or not real estate is still worth investing in and why it may be time for landlords to diversify into other assets that don’t come with such a considerable risk.

In This Episode We Cover

The single greatest danger affecting the housing market in 2023

The new vs. existing home challenge and why homeowners are stuck in place

Affordable housing and why the “underbuilding problem” isn’t what you think it is

“Tremendous” competition for rentals and which investors should be concerned

Underrated housing markets that are seeing strong demand and demographic tailwinds

2008 vs. 2023 and whether another housing crash is even feasible in today’s market

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

Hear Our Last Interview with Ivy

Connect with Ivy:

Ivy's Email

Ivy's Website

Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-113

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112: Home Sales Forecast and Returning to a 1990s Housing Market w/Mark Fleming

Fri, 09 Jun 2023 06:00:00 -0000

Home sales have been falling fast since interest rates rose last year. After a spree of house shopping and record-low mortgage rates, homeowners sit comfortably in 2023. They’ve got affordable monthly payments, a home that is (probably) bigger or better than their last one, and expect a potential recession sometime soon. So why would today’s homeowners give up all that security to buy in a hazardous market? Mark Fleming from First American has been trying to uncover the answer.

Mark serves as Chief Economist for First American, one of the United State’s leading title companies. Mark’s job is to predict and forecast the housing market, home sales, and buyer activity. And in 2023’s topsy-turvy economy, this is becoming a little more difficult. Mark has built a model to help predict home sales, looking at key factors like household formation, affordability, current mortgage rates, demographics, and more. And he’s got some interesting findings to share.

The days of low interest rates and property upgrading may be over. Homeowners are now staying in their houses for twice as long, holding off on buying their next home until favorable conditions arise. But, this creates a “prisoner’s dilemma” for home sellers and buyers. With most of the United State’s potential property inventory sitting in the hands of those who refuse to sell, we’re answering, “What happens next?” in this episode.

In This Episode We Cover

Home sales predictions and what happens when there is NO available inventory

Loose monetary policy and how low interest rates caused an affordability spike

Two critical factors that drive the market to soar or slump

Home turnover and why today’s homeowner is “locked-in” and refusing to move

The “prisoner’s dilemma” that’s caused the housing market to stagnate

A return to the “new normal” and what future homebuying could look like

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

Inventory Shortage Could Continue As Interest Rates Rise and Homeowners Feel “Locked-In”

Connect with Mark:

First American

REconomy Podcast

Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-112

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111: The Recession-Proof, Low-Risk Way to Invest in Real Estate

Wed, 07 Jun 2023 06:00:00 -0000

Everyone wants to know how to get rich in a recession. The problem? With many asset prices plummeting and a bipolar real estate market, parking cash in any asset could be considered a risk. But, a particular sect of real estate still makes money even if the housing market starts to crash and home prices freefall. This is one of the lowest-risk ways to start investing, especially during a recession, and it made our expert guests, James Dainard and Jamil Damji, very wealthy.

James and Jamil have been using this strategy since the early 2000s. When home prices started plummeting in 2008, buying rentals became risky, and fix and flips got decimated. Thankfully, this often misunderstood type of “investing” allowed them to capitalize on the price action, picking up deals that would make great buys and passing them along to buyers who could hold their own during the crash. This same strategy still makes them millions of dollars today, and you can start using it!

In Jamil’s newest book, How to Wholesale Real Estate, you’ll learn how to build a scalable wholesale business without much cash, experience, or contacts. This is one of the BEST ways for new investors to get started and is a phenomenal source of supplemental income for investors and flippers who have too many deals on their desks. Think it’s too late to make money in an economy like this? Think again!

In This Episode We Cover

Jamil’s newest book, How to Wholesale Real Estate, and using it to get your first deal done

Wholesaling explained and why “trading” real estate may be better than investing in it

Recession-proof real estate investing and why wholesaling is one of the lowest-risk ways to start making money in real estate

Million-dollar relationships and the people you MUST have in your circle to be successful

Finding buyers and why investors don’t disappear even when home prices start to fall

The housing markets that are on FIRE for wholesalers (and which are showing HUGE opportunity)

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

Book Mentioned in the Show:

How to Wholesale Real Estate by Jamil Damji (use code “WHOLESALE110” to get 10% off)

Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-111

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110: Bullish Homebuilders, Affordable Housing, and Why Home Prices WON'T Move w/John Burns

Mon, 05 Jun 2023 06:00:00 -0000

The housing market REFUSES to slow down. Last year, homebuilders had a bleak outlook for 2023 home buying, but now, not even halfway through the year, they’ve reversed their sentiment with high hopes that demand stays red hot. How is this even happening? With mortgage rates higher than they’ve been in years and barely any inventory on the market, wouldn’t buyers take the hint and let their foot off the gas? We brought back John Burns from John Burns Research and Consulting to give us some answers.

John’s team has some of the freshest housing market data available. With over 1,000 research contracts a year, they’re constantly talking to homebuilders, buyers, flippers, and everyone in the home-buying process. John touches on household formation and why millennials are saying “no” to roommates, even as prices rise. He’ll also talk about where Americans are moving, what’s causing construction costs to come down (but also grow?), and why the Fed is failing to kill the housing market.

Also, if you want to give a hand to the generation helping young buyers the most, it seems that baby boomers are having an unexpectedly significant role in propping up the economy. We’ll also get into new affordable housing projects that could bring more starter homes on the market. Want to know John’s thoughts on what could happen in the housing market over the coming months? Stick around!

In This Episode We Cover

Why high mortgage rates HAVEN’T killed the housing market yet

American migration and which states are starting to see stagnating populations

Multifamily rent updates and why tenants may have the upper hand

New builds, cheaper material costs, and why your next home may be a new construction

INSANE debt-to-equity stats that highlight why homeowners refuse to sell

New affordable housing projects that could give homebuyers better options

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

On the Market 31 with John

Connect with John:

John's Company LinkedIn

John's Twitter

John's Website

Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-110

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109: “It’s Coming THIS Year” Fundrise’s Ben Miller on The 2023 Financial Crash

Fri, 02 Jun 2023 06:00:00 -0000

There have been a lot of market crash predictions over the past few years. Since the 2020 flash crash and subsequent asset price skyrocketing, investors have always had an inkling that this wouldn’t last. Once inflation hit decade-long highs, the Fed stepped in to quell constant price pumping, but that came with even higher mortgage rates. Now, commercial real estate investors and everyone else with short-term financing are stuck in a bind. Once these loans come due, they’ll either have to pay them off, refinance, or face foreclosure. So, what happens next?

While Dave Meyer and James Dainard are housing market experts, neither know macroeconomic data as well as Fundrise’s Ben Miller, whose job is to predict market patterns and make the best investing decisions. Last time we talked to Ben, he hit on the “Great Deleveraging,” which would force a massive commercial real estate crash, but today he’s talking about bank failures, a financial collapse timeline, and what he’s buying as soon as the market drops.

The wealthiest in America know that market crashes and financial collapses aren’t a time to worry; they’re a time to make millions! Ben shares the markets with the most opportunity, how to pick up properties for dimes on the dollar, and why hoarding cash during a time like this isn’t such a bad idea. So don’t fear market downturns like this; take advantage of them!

In This Episode We Cover

The “Great Deleveraging” explained and why commercial real estate prices will fall fast

Bank collapses and what happens when liquidity starts to run dry

Quantitative easing and whether the Fed will continue to inject the market with money

Assets to keep an eye on during the crash and what Ben is buying

Loans, lending, and what investors can do when banks won’t fund their deals

Market crash predictions and when Ben expects the situation to escalate

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

Post-Pandemic Boom Markets to Cool Off “Sharply”

What High Mortgage Rates Did to The Housing Market

Things are getting really weird in the housing market

Deleveraging: The Dominoes are About to Fall

Commercial Real Estate Could Crash, But Are Everyday Investors Impacted?

The “Catalyst” That Could Cause The Economy to Fall

Listen to “Onward, a Fundrise Production”

Connect with Ben:

Ben’s Twitter

Ben’s LinkedIn

Ben’s Email

Ben’s BiggerPockets Profile

Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-109

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108: How the Pandemic Polarized America’s Property Market w/Lance Lambert

Mon, 29 May 2023 06:00:00 -0000

The real estate market was supposed to crash, but it didn’t. Interest rates were supposed to cause a significant slowdown, but they didn’t. Hot markets were supposed to give buyers a break as activity plummeted, but...well, you get the point. The 2023 housing market could be summed up in one word: weird. With the Federal Reserve fighting against the market, sellers refusing to move, and buyers still dealing with record-low inventory, many of us question whether or not we’re stuck in a real estate-inspired groundhog day, where 2021-2022 repeats until infinity.

While this (probably) isn’t happening, the real estate market is showing signs of restarting after a mortgage-rate-caused flash correction. Lance Lambert knows about this all too well. He’s been reporting on the housing market for years and knows exactly why America’s property market has become so polarized, even with such immense downward pressure. With cities like Austin still in the slumps and markets like Miami hitting housing price peaks, where is a safe place to invest?

If you want to get a macro sense of where we are in the economy, how the housing market works, and why the Fed is having such a hard time, this is the episode for you. Lance brings us back to 2020 and explains how the pandemic fueled “gigantic” demand that was never met, why a housing crash didn’t happen, and whether or not mortgage rates could go even higher.

In This Episode We Cover

The “polarized” housing market and which areas are staying red hot while others freeze

The post-pandemic property market effects and how the housing market hurt inflation efforts from the Fed

Mortgage rate predictions and what could cause rates to rise or fall this year

East vs. West Coast and why cities like Seattle, San Francisco, and Los Angeles cooled off so quickly

Affordability updates and why builders have the upper hand on the Fed

The “Two C’s” that are controlling home prices and the housing market in 2023

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

Hear Our Interview with Fortune’s Lance Lambert on the “Polarized” Housing Market

The Top 10 Housing Markets Forecasted For Strong Demand This Decade

Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-108

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107: The 2023 Market Showdown: Which Area Offers Investors the MOST Opportunity?

Fri, 26 May 2023 06:00:00 -0000

The US real estate market is a bit complex. In the South, homes are still quickly getting under contract as those from the North and West move to warmer climates. But demand is brewing in states that you probably haven’t even considered. Plus, a comeback no one expected could be on the horizon. In a market like 2023, anything and everything is up for grabs, and we could be back to the wild housing market we thought was left behind in 2022.

To put each area of America head-to-head, we’ve got Dave Meyer, Henry Washington, James Dainard, and Kathy Fettke, representing the Northeast, South, West Coast, and Midwest, respectively. Each of these markets has its own set of benefits, ranging from affordability to strong job growth, optimal climates, and appreciation. So which area could be the best bet for investors in 2023?

We’ll touch on the latest housing market data to see where each of these regions stand, where median home prices are heading, why often overlooked markets are finally getting the attention they deserve, and whether or not the West Coast truly is the best coast. If you want to invest but don’t know where, stick around!

In This Episode We Cover

Pitting the Northeast, South, West Coast, and Midwest markets against each other

The surprising cities that are seeing HUGE competition even during a slow housing market

Tertiary markets outside of big metros that could be solid investing areas

A West Coast comeback and why demand is increasing in traditionally high-priced cities

MASSIVE price jumps throughout the South (and the few cities where prices are falling fast)

Affordable appreciation and why markets with low-priced homes won’t stay that way for long

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

Hear Our Interview with Fortune’s Lance Lambert on the “Polarized” Housing Market

The Top 10 Housing Markets Forecasted For Strong Demand This Decade

Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-107

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106: A BIG 2023 Economic Forecast from Harvard's Jason Furman

Mon, 22 May 2023 06:00:00 -0000

Rising interest rates, a new recession, high unemployment, and much more economic uncertainty could be on the way. But what can you expect after such a turbulent past few years? The US took significant financial and monetary moves to prevent an economic collapse in 2020, but as a result, mistakes were made. In 2023, we’re paying for the economic “errors” of our past, and many of them haven’t even caught up to us yet.

Jason Furman, Harvard professor and former Director of the National Economic Council under President Obama, brings both optimism and realism to share. In Jason’s eyes, the “supply-based inflation” argument isn’t holding up, and something much more severe is causing prices to rise as rapidly as they are. So how do we get out of this bind? Jason shares the scenarios that would have to unfold for us not to end up in a recession or with higher interest rates, but reality foreshadows something much different.

When will we break out of this constant cycle of price hikes? What has to happen for the Fed to finally take its foot off the gas? Will today’s strong employment last, or do jobs need to be cut for the economy to recover? Stick around to hear these questions, and many more, answered by one of the world’s leading economists.

In This Episode We Cover

2023 economic forecasts from one of the world’s leading economists

The true cause of today’s rampant inflation and what could finally force it to stop

The “wage-price persistence” and why most people are wrong about price hikes

Economic “errors” of 2020 and 2021 that we’ll be paying back for years to come

Rising rates and whether or not the Fed is really done with bumping basis points

Unemployment and how long today’s strong job market will actually last

Consequences of the US defaulting on its debt and the scary-enough odds that it could happen

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

“Catastrophic” Consequences of the US Defaulting on Its Debt

The Fed Starts Playing “Mind Games” as Rates Rise, Home Prices Fall

Connect with Jason:

Jason's Twitter

Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-106

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105: America’s Largest Wealth Transfer Has Begun, Are You Ready? w/Chris Martenson

Fri, 19 May 2023 06:00:00 -0000

The most significant wealth transfer in American history could be upon us. As money-printing mania continues worldwide, dollars (and most other currencies) are worth less and less, while tangible assets, like real estate, are worth more. This is bad news for the average American, with most of their wealth trapped in a bank account or stock portfolio. If the most commonly used assets, like bonds, equities, and cash, become worthless, what happens to America?

To help answer this seemingly unfathomable question is Chris Martenson, CEO of Peak Prosperity. Chris spent his early career working for some of the largest corporations in America, but after bubbles started to burst in the early 2000s, he took a look into the inner workings of the American economy. What initially started as a simple interest became an all-consuming quest to understand why political executives and massive institutions like the Federal Reserve were making irrational choices for the American people.

In today’s show, Chris uncovers the truth behind quantitative easing, money-printing, and the Fed’s consistent financial swerving. He’ll also explain why bubbles are starting to burst in today’s economy, how interest rates had a large part to play in inflation, the new reality of de-dollarization, and why we may be on the cusp of the largest wealth transfer in American history. If Chris is correct, we could enter an entirely new era of the economy, one that only a few of us will thrive in.

In This Episode We Cover

Money-printing and the true effects of the Fed’s massive quantitative easing

Asset price bubbles and which are the closest to bursting in 2023

Interest rate hikes and how they’ve contributed to hideous inflation

De-dollarization and how America’s wealth could be at risk if USD loses its global status

Defaulting on the US debt and what happens if the government can’t pay its bills

The new American wealth transfer and why only these “productive” assets will survive

The most important “capital” anyone can have if/when the economy breaks down

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

Commercial Real Estate Could Crash, But Are Everyday Investors Impacted?

The BIG Economic Implications of US Bank Failures

Get Real Estate Market Insights from Cohen & Steers

Connect with Richard:

Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-105

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104: Huge Commercial Opportunities Arise as Hysteria Reaches Its Peak w/Richard Hill

Mon, 15 May 2023 06:00:00 -0000

Multifamily and commercial real estate has been the butt of the joke over the past year. As mortgage rates started to rise, commercial real estate investors were hit hard, as profits became pitiful and asking prices laughable. For months, the media has been predicting a commercial real estate crash, citing a wave of mortgages coming due with sellers who won’t be able to pay the high price of a refinance. And while these fundamentals aren’t wrong, a mortgage meltdown might not be a reality.

So instead of speculating, we brought on Richard Hill, Head of Real Estate Strategy & Research at Cohen & Steers, to differentiate the facts from fiction. Richard knows that loans are coming due, and buyers with low-rate adjustable mortgages may be in trouble. But that’s not the whole story, and some parts of commercial real estate could be primed for massive growth that residential investors have no clue about. The opportunities could be flowing soon for those who know where to look.

In this episode, Richard will talk about the true risk of commercial real estate mortgages, which sectors are in the most trouble, which are being blown out of proportion, and how much investors can expect prices to drop. Plus, Richard gives his take on the three best times to invest in a quickly changing market like we’re seeing today.

In This Episode We Cover

The commercial real estate “crash” and how far prices will actually fall

Commercial debt coming due and which sectors have the highest risk

Bank failures and what’s causing big banks to dump their commercial loans

The future of financing for commercial investments and whether funding will become a challenge

Mortgage exposure and why demanding LTV (loan-to-value) requirements make for better investments

The astronomical tax implications of defaulting on your mortgage (DON’T Do this)

When to buy and which industries are primed for growth in the next few years

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

Commercial Real Estate Could Crash, But Are Everyday Investors Impacted?

The BIG Economic Implications of US Bank Failures

Get Real Estate Market Insights from Cohen & Steers

Links from the Show

Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-104

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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103: Q2 2023 Housing Market Update: Homebuying Could Get MUCH Harder

Fri, 12 May 2023 06:00:00 -0000

Homebuyers are gearing up for a hot summer housing market as demand starts to surge. At the beginning of 2023, nobody thought it possible that we’d be in the position we’re in today. Days on market have shrunk in some areas as listing attendance explodes and buyers' home-owning dreams resurface. But it’s not all sunshine and rainbows in the world of real estate; something bleak is on the horizon for large-scale investors.

We’re halfway through Q2 of 2023, and the real estate market is changing fast month by month. Multifamily buyers are sitting on the sidelines, foaming at the mouth to dig in on deals that will soon be dead, but primary residence shoppers are facing another challenge. With a lack of inventory and mortgage rates on the verge of falling again, the buyers who were kicked out of the market last year are hungry to get back in the game.

Don’t know whether now is the right time to buy your next rental property? Kathy and James give up-to-date advice on what they’re pursuing in today’s market and whether or not now is the time to get aggressive. If you want to get the data these (and many other) experts use to make their investment decisions, check out Dave’s newest Q2 housing market report!

In This Episode We Cover

A Q1 housing market roundup and why the market flipped even with high mortgage rates

New inflation data and why consumer prices aren’t dropping yet

Whether or not another interest rate hike could hit homebuyers this year

Housing demand and why sellers are seeing a BIG boost in buyer activity

Our Q2 housing market predictions and what to do if you’re on the fence about investing

The BEST online sources to pull housing data from, plus Dave’s newest Q2 housing market report

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

Grab the Q2 Report

Past Episodes Mentioned in Today’s Show:

Connect with Other Investors on the “On the Market” Forums

Rocket Mortgage

Data Sources Mentioned:

Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-103

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102: The $1.5T Ticking Time Bomb and Our Return to a “Normal” Housing Market

Mon, 08 May 2023 06:00:00 -0000

Don’t you miss the “normal” housing market? You know, a few years back when buyers didn’t have to bludgeon other bidders just to get into a reasonably priced house? The times when the average American could afford a roof over their head, and sellers actually had a reason to put their homes on the market. Well, we may be returning to a “normal” housing market faster than you think, but a few key things will need to happen first.

We’re back on On the Market, bringing you the most up-to-date housing market headlines, separating fact from fiction, and giving you everything you need to know to make the best investment decisions. This time, we’re running through four of the top stories in our newsfeeds. First, James touches on the $1.5T ticking time bomb that commercial real estate faces and what happens if a wave of debt gets defaulted on.

Next, we’ll shift into more residential territory as Kathy dissects the “divided” housing market and updates us on how post-pandemic boomtowns are faring. Then, a return to normalcy, as Henry hits on how the 2023’s housing market correction could give homebuyers some leverage they deserve. Finally, mortgage rate updates and whether or not the spring season of homebuying will “survive” as buyers see a bump in their rates. Stick around to get all the info you need to build your real estate portfolio, so when ChatGPT takes your job, you’ll have some passive income to rely on!

In This Episode We Cover

Post-inflation car, food, and gas prices and Kathy’s $20 carton of eggs

Commercial real estate debt and what happens if owners start to default

The “divided” housing market and how cities that saw MASSIVE appreciation are faring now

The 2023 real estate correction and good news for buyers as the market starts to stabilize

Mortgage rate bumps and whether or not this will hurt the traditionally hectic spring homebuying season

Using ChatGPT to find real estate deals, write property descriptions, and get more deals done

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

2023 Housing Market Correction

Articles Mentioned in Today’s Show:

Commercial Debt

Divided Housing Market

Will Spring’s Market “Survive?

Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-102

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101: What High Mortgage Rates Did to The Housing Market w/Rocket Mortgage President, Tim Birkmeier

Fri, 05 May 2023 06:00:00 -0000

High mortgage rates chewed up and spit out homebuyers, loan officers, and the mortgage industry. With a bump of a few percentage points, buyers exited the market quickly, and the number of mortgages got cut in half almost instantly. But what else can you expect from the most significant mortgage rate movement in forty years? Now, nearly a year after mortgage rates took their initial hike, there may be some hope on the horizon that we’re returning to better days for both buyers and sellers.

But who better to ask about mortgages than the President of Rocket Mortgage, Tim Birkmeier? Tim has been in the mortgage industry for over two decades, working his way up from loan officer to president, helping turn Rocket Mortgage from a regional company into America’s largest mortgage lender. He knows loans inside and out and has some predictions on how loans could change over the next few years.

Tim touches on why FHA loans are seeing a comeback (especially as their fees get cut), why HELOCs are in an equity-based revival, and how to “lock in” your mortgage rate so you don’t get stuck buying when basis points jump up. So if you’re itching to get back in the real estate game but don’t know how long high mortgage rates will last, stick around! Tim has answers only an industry-leading expert would know.

In This Episode We Cover

Mortgage rate hikes and what 6% interest rates did to the housing market

FHA’s comeback and why your mortgage insurance cost is about to go down

Upgrading vs. moving and why homeowners and taking more equity out than ever before

Rate buydowns and Rocket’s “Inflation Buster” program to keep your payment low

New digital mortgage transactions and the future of getting approved

Buyer demand and whether or not the seller stalemate will soon be over

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

2023 Mortgage Rate Outlook

Connect with Tim:

Tim's LinkedIn

Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-101

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100: High Credit Borrowers Get Punished and New Landlord Laws Put Tenants First

Mon, 01 May 2023 06:00:00 -0000

Got a high credit score? Your mortgage could get more expensive. And no, this episode isn’t releasing on Opposite Day. New mortgage rules are incentivizing those with poor credit while punishing those that have built up their credit. And while this may seem like we’re venturing back to the days of subprime mortgages, there may be some real reasoning behind this newest mortgage rule change.

Welcome to the 100th episode of On the Market! It’s been a year since our first episode, and thanks to Dave, Henry, James, Jamil, and Kathy, we’ve rocked the charts with some of the most up-to-date real estate data around. This time, Dave and our panel of guests will share their favorite episodes and go over some of the latest headlines affecting the housing market.

First, we’ll touch on how mortgage rules have changed and why high credit score borrowers could be in the crosshairs for more expensive fees. Next, California targets the upper-middle-class, kind-of-wealthy, but not-so-ultra-rich residents with their newest “mansion tax,” which targets houses that aren’t exactly mansions! Finally, a fractional ownership debate and an update on the latest landlord law that could give tenants more property protections.

Thanks for joining us for 100 episodes of On the Market! And special thanks to our producer, Kailyn Bennett, for making it all happen. Here’s to 100 more episodes!

In This Episode We Cover

New mortgage updates that could hurt high credit score borrowers

California’s “mansion tax” and how it could affect far more than the “ultra-rich”

Factional real estate investing and whether owning a “share” of a rental will ever beat buying properties

Colorado’s latest landlords law proposal that could change the way you do leasing

Homeownership for all and how unaffordability is putting pressure on lawmakers

The On the Market panel’s favorite episodes of all time!

And So Much More!

Links from the Show

Lender Finder

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

Homebuyers Are Getting Crushed: Are Landlords the Cause?

Why NFL Players Are Buying Real Estate During the Recession

SVB’s Risky Bailout and The Bank Run “Domino Effect”

2 Real Deals in 2023 That Could Come with Big Red Flags

Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-100

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99: How to Comp a House (EVEN During a Housing Correction)

Fri, 28 Apr 2023 06:00:00 -0000

Don’t know how to run comps on a house? This single skill could be costing you, or making you, hundreds of thousands on every deal you do. No matter what level of real estate investor you are—rookie, intermediate, veteran—the ability to comp correctly will put you above the rest as you walk away from deals far richer than other investors. And during a housing market correction like we’re in today, this skill isn’t just something that’ll make you more money—it’s what will stop you from going broke.

Comping, formally known as pulling comparables, is putting a potential property up against other properties in the area, finding a comparable price, and seeing how much can be made on a deal. Most real estate investors have pulled comps a few dozen times, but investors like James Dainard and Jamil Damji calculate THOUSANDS of comps monthly. They’re looking for the profitable property needle in the housing market haystack, and as two self-made multimillionaires, their experience shows that they know what they’re talking about.

In this episode, James and Jamil will show you EXACTLY how expert investors comp properties, what you need to look out for when calculating your own, and the “appraisal rules” that were taken DIRECTLY from the source on valuing properties. The tips in this episode could make you six figures more on your next deal. DON’T miss this.

In This Episode We Cover

How to determine the value of ANY property in ANY location

Comping explained and why you MUST have this skill to invest in real estate successfully

The “appraisal rules” Jamil uses to get perfect comps on any deal he does

Cities vs. suburbs and the BIG mistake investors can make when comping these two areas

Where to find property information and the ONE source you should always start with

Comping during a housing market corrections and what to do when prices start to slide

The ONE tweak James made that helped his recent house flip make $100K+ more

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

James's Instagram

Grab Jamil’s Appraisal Rules

How to Determine a Property’s Value Using Real Estate Comps

What is a “Comp?”

Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-99

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98: The Housing Market “Signals” That Predict Where We’re Headed in 2023 w/Mike Simonsen

Mon, 24 Apr 2023 06:00:00 -0000

The housing market shoots up different signals every so often. For most investors, though, these fly under the radar. But for data-driven housing market experts like Mike Simonsen, these signals are hard not to notice. If you want to know where prices will go next, when inventory could spike, and whether or not demand will start to fall (or rise), you MUST know what these signals are and how to find them. Today, we’ll let you in on the not-so-secret way to predict housing market moves so you can invest better than the rest.

Altos Research’s Mike Simonsen didn’t start as a housing market enthusiast. He was in Silicon Valley, working with data, just trying to buy his first overpriced house. But, through getting his foot in the door of real estate, he uncovered that no one had the data he needed to make better investments. So, he started Altos Research to finally give real estate investors, realtors, and everyday homebuyers the tools to make their best buying decisions.

Over the past seventeen years, Mike has been analyzing, segmenting, and qualifying housing market data for some of the most prominent investors in America. And now, he’s here today to share his time-tested secrets with you. No matter your skill level, you’ll be able to pinpoint the housing market signals Mike showcases so you uncover where the market is moving before the masses. Whether you’re an investor, homebuyer, realtor, or renter, this data will help you build wealth better than ever.

In This Episode We Cover

The housing market “signals” that can predict home prices, demand, and more

Where to find FREE housing market data that’ll help you make the BEST investment decisions

“Segmenting” your market and why you’re probably looking at homes all wrong

The biggest housing market surprise of 2023 and why the unexpected happened

What could cause homebuyer demand to DROP (and whether it’s possible this year)

Housing inventory and why SO many homebuyers are hanging on to their houses

How Mike single-handedly saved the US economy from imploding

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

Unlock FREE Housing Market Data from Dave

Realtor

Redfin

Zillow

Connect with Mike:

Altos YouTube Channel

Mike's LinkedIn

Mike's Twitter

Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-98

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97: The US Dollar Isn’t Going Anywhere (Here’s Why)

Fri, 21 Apr 2023 06:00:00 -0000

The US dollar is in danger. For decades, trading in USD (US dollars) has been the standard for almost every country on the planet. Thanks to America’s consistent economy, stable government, and growing global market share, the USD has become the most sound currency on earth. But things are starting to change. USD dominance is being threatened by BRICS countries (Brazil, Russia, India, China, and South Africa), looking to ditch the dollar for a currency they control.

But why are most countries trading in USD? When was USD chosen to be the world’s reserve currency? And what does “reserve currency” even mean? Dave Meyer breaks it down in this episode of On the Market, as he details the history of USD dominance, the post-World War rise of a reserve currency, and why the “petrodollar” may be losing steam as other economies grow larger.

Dave will also go in-depth on the economic effects of leaving a USD standard, when the USD could be replaced, which currencies are competing, and why dollar dominance (probably) won’t be over anytime soon. American or not, decoupling from a USD standard could have huge effects on your investments, wealth, and spending power.

In This Episode We Cover

What a “reserve currency” really is and how the USD was chosen to be one

BRICS' fight for economic dominance and which currency will come out on top

How the Ukraine-Russia conflict exacerbated the need for multiple reserve currencies

Going off the gold standard and how a diluted US currency may have made things worse

The “petrodollar” and why countries like Saudi Arabia are leaving the USD behind

The often-untouched benefits of a non-USD-dominated world

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

How Does Money Work? The Complete Guide to Monetary Systems

Planet Money Episode 553: The Dollar At The Center Of The World

Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-97

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96: The Biggest Real Estate Tax Loophole You’ve (Probably) Never Heard Of w/Brandon Hall and Kyle Mast

Mon, 17 Apr 2023 06:00:00 -0000

What if we told you there was a real estate tax loophole that would help you write off most of your income without becoming a real estate professional or going through some precarious property scheme? If you’ve heard stories of wealthy investors making MASSIVE profits through rental properties and walking away with a near-zero tax liability, this could be the strategy that they were using. But, if you want to know what it is and how to use it to your advantage, you’ll have to tune in.

We’ve brought on not one but two financial powerhouses to explain the ins and outs of this rental property tax loophole. Brandon Hall, CPA, and Kyle Mast, CFP, have used this exact loophole to shave their tax liabilities down dramatically. The requirements to take advantage aren’t complicated, but you must be a rental property investor of a specific type of property. And not all CPAs will know how to do this, which is why you must find the right one BEFORE you file!

In this episode, Brandon and Kyle will talk about how to unlock this tax loophole, the requirements you’ll need to hit, the logistics of using it, and the red flags you’ll need to keep an eye out for when giving it a go. In a few simple steps, you could eliminate your income taxes in a completely legal way, BUT you’ll want to make sure you follow Brandon and Kyle’s suggestions to a tee.

In This Episode We Cover

The real estate tax “loophole” that allows you to write off a SIGNIFICANT portion of your income

Real estate professional status and how those that don’t make the cut can still write off BIG deductions

The requirements you’ll have to hit to realize this real estate tax deduction

Bonus depreciation, cost segregation, and why NOW is the time to take advantage

Depreciation recapture and what to do to avoid paying taxes in the future

Red flags to watch out for when trying this strategy and whose advice you can actually trust

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

BiggerPockets Money Podcast 200: A Personal Finance Masterclass with Kyle Mast

Kyle's Twitter

Kyle's Website

Connect with Brandon:

Brandon's Facebook Group

Brandon's Podcast

Brandon's Website

Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-96

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95: Dealing Dirt: Is Raw Land the Most Underrated Asset of 2023? w/Daniel Apke

Fri, 14 Apr 2023 06:00:00 -0000

Land investing may be the newest way to make cash flow in today’s increasingly difficult housing market. With more and more investors fighting over real estate deals that break even at best, land investors are sitting pretty, with an almost unlimited supply of new investments and an even more robust pipeline of potential buyers. And while land investing may not have the passive income potential of a rental property, there are still numerous ways to take home some serious cash flow by dealing dirt.

Daniel Apke fell in love with land investing after a long history as a serial side hustler. He tried everything from ghostwriting romance novels to setting up stores online, but nothing gave him the financial freedom that land investing did. Then, thanks to a helpful tip from a mentor, Daniel was able to start buying land at SIGNIFICANT discounts. He would then flip this land on or off-market to anyone willing to buy, allowing him to walk away with a handsome payday WITHOUT dealing with tenants, toilets, or trash.

Now, Daniel has built an entire business out of flipping raw land, and the perks of a property-less lot may pique your interest. Whether it’s low competition, no permitting hassles, or the ability to exit multiple ways, land investing could be an attractive alternative to rental property investing as competition gets tough. If you think there isn’t much under the surface of these dirt deals, you’d be wise to stick around!

In This Episode We Cover

Finding financial freedom through land investing and how you can repeat Daniel’s system

Land flipping explained and where to find the most profitable lots of raw land

The BIG bottlenecks you’ll face when selling land and how to get past them with creative financing

The land-buying business model and how to buy, analyze, and sell dirt

Off-market land and the best method to find undervalued lots with low competition

Subdividing and lot splitting to make the most out of a large plot of land

Land demand and whether or not this type of activity will last for years to come

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

The Risks and Rewards of Investing in Raw Land

Connect with Daniel:

David's BiggerPockets Profile

David's Instagram

David's Website

Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-95

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94: Commercial Sellers Get DESPERATE As Big Deals Die Off

Mon, 10 Apr 2023 06:00:00 -0000

Commercial real estate has seen a severe drop in demand. From office buildings to multifamily and more, rising mortgage rates and unwavering cap rates are making commercial real estate a gamble more than a grounded investment. But, when buyers start exiting the market, sellers get desperate, and this chain reaction allows committed commercial real estate investors to scoop up deals worth millions more just a few years back. We have a couple of those deals coming up on this episode!

We’re back with another audience deal show. This time, we’re walking through two commercial real estate deals with serious potential, but their prices don’t match reality. First, we talk to Ben Mashat, who recently went full-time into real estate investing after scaling a successful wholesaling operation. He’s got a MASSIVE deal opportunity—a five-story office building with seven-figure potential profits. The problem? A price tag that doesn’t match today’s commercial property market.

Next, we hear from Heidi De La Torre, who’s looking at a multi-unit beachside property with impressive price comps nearby. But, with zoning issues and a seller that can’t make up their mind, Heidi is struggling with which move to make as she debates taking on a project with this many pitfalls. As always, our panel of expert investors will give their suggestions on what our guests should do next and whether these deals are even worth chasing!

In This Episode We Cover

The state of commercial real estate and why sellers are getting desperate as the buyer pool dries up

NOI (net operating income) explained and ENSURING yours is accurate before you get a deal under contract

The downside of office investing and why so many buyers are straying away from this property type

The cap rate debate and whether or not this metric is the most important factor when deciding on a deal

Property zoning, code violations, and how unpermitted builds could COST you

Wholesaling large deals and details you’ll NEED to find qualified buyers

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

Listen to Our Residential Audience Deal Review Show

Commercial Real Estate Could Crash, But Are Everyday Investors Impacted?

Cap Rate: What Is It and How to Calculate It

Books Mentioned in the Show

Real Estate by the Numbers by Dave Meyer

Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-94

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93: Ponzi Schemes, Property Fraud, and How to NOT Fall for a Real Estate Scam

Fri, 07 Apr 2023 06:00:00 -0000

Real estate scams and Ponzi schemes have been around for centuries, but with the advent of the internet, social media, and digital banking, more and more scams and schemes have been popping up. You might think that only the uneducated or ill-informed fall prey to these monetary predators, but you’d be wrong. Just recently, two of our expert guests, James Dainard and Jamil Damji, were ripped off in Ponzi schemes that the federal government intervened in. Thankfully, James pulled out his principal earlier on, realizing what was happening. But Jamil was blindsided, leaving him with a seven-figure loss.

Both James and Jamil were brave enough to share their stories, and more importantly, the entire On the Market panel have come together to break down how NOT to get scammed on your next investment. Kathy Fettke, a syndicator herself, describes EXACTLY what to look for when passively investing in a deal and why inexperienced operators have become the norm in 2023. Next, Henry Washington shares what you MUST do to ensure a contractor doesn’t run off with your money and how to pace a project, so you aren’t left with an empty bank account and half-done home renovation.

Then, we’ll switch gears as Jamil gives actionable steps to ensure your wholesaler brings you a real deal. Finally, James highlights which lenders you should or shouldn’t use and how inexperienced investors are getting strapped with loans that could liquefy their deals all at once. To finish the episode, James and Jamil give the nitty-gritty details of the Ponzi schemes they fell victim to and how even experienced investors can be taken advantage of.

In This Episode We Cover

Losing a million dollars on one investment and the telltale signs of a Ponzi scheme

How to vet your syndicator/operator and why track record means EVERYTHING

Paying your contractor in stages and the reason Henry will NEVER pay for a project all at once

The documents you NEED to confirm when buying a deal from a real estate wholesaler

“Backyard lenders” and why flippers/BRRRRers should consider taking loans that are close to home

The “affinity fraud” Ponzi scheme and why you should NEVER invest based on faith

A $650M movie rights scam and how James noticed the red flags before any other investor did

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

10 Glaring Red Flags That Indicate Your “Great Deal” May Be a Costly Scam

Watch the “American Greed” Episode on The Movie Rights Scheme

Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-93

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92: 2 Real Deals in 2023 That Could Come with Big Red Flags

Mon, 03 Apr 2023 06:00:00 -0000

Don’t think you can find cash flow in a high-priced market like Florida? What about doing a fix and flip with today’s rising rates and high-priced renovations? Don’t know if your rental’s zoning could sprout numerous red flags on a sale? We’ve brought some On the Market listeners in live to go over the deals they’re doing in 2023, which concerns they’re coming up with, and how they’re building wealth while battling against the economic tidal wave hitting the housing market.

Michael Yi and Matt McMains, two of Henry Washington’s mentees, have been trying to hit home run deals in Florida. Michael was able to lock down an underpriced rental property that has almost unbelievable cash flow but with some zoning red flags that could catch him off guard in a sale. On the Panhandle, Matt is weeks away from closing on an out-of-state flip, but with rates jumping up and property holding time getting pricey, expert flipper James Dainard advises caution when getting into a deal like this.

One thing is for sure; there are still plenty of ways to profit with investment properties, EVEN in today’s wild housing market! So stick around, and hear exactly how you should be doing your deals as 2023 unfolds.

Want to talk about your real estate deal on the show? Email Kailyn@biggerpockets.com with all the nitty gritty details!

In This Episode We Cover

The overlooked Florida city that has BIG cash flow potential in 2023

Rental property zoning and how to ensure your designation WON’T ruin a future sale

Rental renovation tips and which materials to use for which type of renter

Hard money loans and how rising interest rates are making holding costs sky-high

When to negotiate your deal (EVEN if your due diligence period is up!)

Flipping vs. renting vs. wholesaling, and when to walk away from a deal

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

Try RentRedi on Your Next Rental Property

Connect with Michael & Matt:

Michael's BiggerPockets Profile

Matt's BiggerPockets Profile

Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-92

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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91: The Fed Starts Playing “Mind Games” as Rates Rise, Home Prices Fall

Fri, 31 Mar 2023 06:00:00 -0000

Last week, the Federal Reserve both surprisingly and unsurprisingly raised rates. For weeks leading up to this meeting, investors had a glimmer of hope that the historical rate hikes would end and that we could finally look forward to a time of reasonable mortgage rates and sustainable home prices. But, even with high rates, the housing market has taken some surprisingly strong wins. We’ll get into today’s top real estate-related stories in this episode!

Welcome back to another correspondents show where our “housing market data without the hysteria” expert guests bring in some of the most hard-hitting headlines that could affect real estate investors. Dave starts by professing his deep respect for Jerome Powell’s decision to hike rates even higher and goes into why the Fed could be playing “mind games” with the American people. Next, Henry hits on how home price drops just hit a new threshold not seen in over a decade!

Back on the residential side, James breaks down the good news for February home sales, but soon after, Jamil and Kathy touch on commercial real estate stats that have banks, lenders, and investors starting to sweat. But, what could be bad news for some is great news for others, and if you’ve been looking to pick up steals and deals during a time when competition is low, now may be the PERFECT time to get in the market!

In This Episode We Cover

Interest rates rise again as the Fed plays “mind games” with the American public

Home price updates and why the housing market just crossed into 2012 territory

Housing market momentum and why homebuyers have gotten back into the game

The commercial real estate crash and why CRAZY deals could be around the corner

Liquidity tightening and why raising capital and getting mortgages could become a lot harder

The HUGE opportunity to invest in a certain asset class that could make a big comeback

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

Watch Our Interview with Mark Zandi, Chief Economist at Moody’s Analytics, On the Recent Bank Failures

Stories from Today’s Show:

Home Prices Drop

February Home Sales

Commercial Real Estate Prices Slide

Liquidity and Commercial Real Estate

Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-91

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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90: Scapegoat or Savior: Did Wall Street HELP the Housing Market? w/Ermengarde Jabir and Thomas LaSalvia

Mon, 27 Mar 2023 06:00:00 -0000

Back in 2008, the housing market was in freefall. With foreclosures at record highs, homeowners nationwide had to return their residences to the banks. The problem? Banks didn’t want them. Big banks never wanted to be conglomerate landlords. So, who did they pass the homes off to? Institutional investors, REITs, and iBuyers that many real estate investors fear and also blame for today’s real estate problems. But is today’s affordability crisis really Wall Street’s fault, or is there someone else to blame?

Back from Moody’s Analytics, we’ve got Thomas LaSalvia and Ermengarde Jabir on the show to explain the situation. Over the past few years, there has been quite a lot of bad blood between single-family rental investors and institutional investors on Wall Street. For small, mom-and-pop investors, these large landlord conglomerates seem to be stealing homes, making it harder for new investors to get into the housing market and even more challenging for first-time homebuyers to get a primary residence. But, the data points to something different.

Ermengarde and Thomas explain exactly what institutional investors have been doing as of late, how they may have saved the housing market during the last crash, whether or not they’re still buying in today’s market, and how they’re affecting everyday homebuyers. We’ll also touch on pricing, affordability, and why new construction is kicking starter homes off the to-build list.

In This Episode We Cover

What led to the 2008 housing crash and how Wall Street stepped in to stabilize prices

How institutional investors have been growing over the past decade and their plan for the future

Single-family home construction and why first-time homebuyers AREN’T the target market

Homeownership, America’s “renter nation,” and whether or not Wall Street is stealing homes from buyers

Why institutional investors ONLY buy in specific real estate markets (and where they’re buying now)

Who owns the most single-family rental properties across the country

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

SVB’s Risky Bailout and The Bank Run “Domino Effect”

How Did A $200B+ Bank Collapse In 48 Hours?

On the Market 81 with Thomas

Is Wall Street Ruining the Housing Market?

Get the Latest Real Estate Insights from Moody’s Analytics

Connect with Ermengarde & Thomas:

Ermengarde's Email

Thomas' Email

Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-90

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89: The BIG Economic Implications of US Bank Failures w/Mark Zandi

Fri, 24 Mar 2023 06:00:00 -0000

Bank failures were a thing of the past—until a couple of weeks ago. After Silicon Valley Bank’s (SVB) fall from grace and numerous other regional and small-time banks going under, Americans are holding their cash with an iron grip, not knowing whether or not a recession or soft landing could be on the horizon. And with more economic instability comes more fear, panic, and doubt from the general public. Thankfully, we’ve got Mark Zandi, Chief Economist at Moody’s Analytics, to share some economic truths (instead of crash-fueled terror).

Mark knows the economy inside and out and understands the true impact behind these bank crashes. He gives his opinions on whether or not this series of bank crashes could lead to an even greater recession, why the government was forced to build a bailout, and how real estate and the economy will be affected as we try to rebuild from this fragile system collapsing. And, if you’re worried that the big banks could start to crumble under their own weight, Mark has some information that’ll quell your fears.

But we’re not just hitting on bank news. Mark shares how a “slowcession” could occur throughout the US, leading to a lackluster economy as unemployment grows and GDP growth slows. He also gives mortgage rate predictions and discusses the one real estate type that could be in BIG trouble over the next few years.

In This Episode We Cover

Silicon Valley Bank’s (SVB) collapse explained and why big banks aren’t worried

The social-medial-fueled panic and fear cycle that is hurting the economy

The bright side of a bank bailout and how to avoid a systematic collapse

Recessions vs. “slowcessions” and why the latter WON’T be a soft landing

Real estate prices and which property type could go BUST over the next few years

Mortgage rate predictions and why we wouldn’t hold our breath on three-percent rates

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

SVB’s Risky Bailout and The Bank Run “Domino Effect”

How Did A $200B+ Bank Collapse In 48 Hours?

Connect with Mark:

Mark's Website

Mark's Podcast

Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-89

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88: Entering a "New Era" of Higher Prices, Interest Rates, and Employment w/Joe Brusuelas

Mon, 20 Mar 2023 06:00:00 -0000

Unemployment was supposed to be much higher by now. With the Federal Reserve increasing its rate hikes over 2022 and into 2023, the labor market should have cracked already. But it hasn’t, and many mainstream investors have struggled to determine why. With a higher cost of capital, businesses should be more selective with who they’re hiring and keeping, but instead, we’re seeing the labor market have much more power than they’ve had in the past. So, did we successfully dodge an employment crisis, or is a rude awakening coming our way?

Joe Brusuelas, principal and chief economist for RSM US LLP, knows that we’re thinking about unemployment all wrong. As a leading economist with over twenty years of experience, Joe has seen multiple recessions, crashes, and unemployment crises. He knows exactly what it would take to make the labor market snap and push the country into a recession. Joe breaks down precisely what the Federal Reserve has been planning, when its interest rate hikes will finally take effect, and what the future of the labor market looks like.

He also touches on how we may be entering an entirely different era of the economy, one with tight employment, higher interest rates, and higher inflation than we’ve been used to. This directly affects almost every consumer in America, and investors can get ahead of the economy by knowing when this unemployment scale will finally balance. So don’t sit on the sidelines and be surprised when these economic forces take shape. Tune in!

In This Episode We Cover

Why unemployment has been so low and when the Fed’s interest rate hikes will kick in

How employment is calculated and why qualified workers are so hard to find

“Labor hoarding” and the real reason big tech is so easily laying off workers

Unemployment rate predictions and whether it’ll be like the last recession

Entering a new era of the economy and why higher inflation, interest rates, and employment could be in our future

US immigration and how restricting foreign worker flow has caused a “tight” labor market

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

How the Unemployment Rate Affects Us All (Yes, Even the Employed)

Connect with Joe:

Joe's Articles

Joe's Email

Joe's Twitter

Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-88

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87: SVB's Risky Bailout and The Bank Run “Domino Effect”

Fri, 17 Mar 2023 06:00:00 -0000

Both SVB (Silicon Valley Bank) and Signature Bank have crashed and burned dramatically over the past week. What once was a few large customers making withdrawals quickly turned into a bank run of epic proportions. Within just a few days, SVB went from one of the largest banks in the United States to one of the biggest bank failures in the nation’s history. But what led to such a fast-paced collapse, and are more banks on the chopping block?

You don’t need to be an expert economist to understand what happened at SVB and Signature Bank this week. But you will want to hear Dave Meyer’s take on what could come next. With bailouts back on the table, many Americans fear we’re on the edge of a total financial collapse, mirroring what unfolded in 2008. With more and more Americans going on cash grabs, trying to keep their wealth safe from the “domino effect” of bank failures, what should everyday investors prepare for?

More specifically, for our beloved real estate investors, how could SVB’s failure affect the housing market? Will the Federal Reserve finally be forced to end its aggressive rate hikes? Could money flood into real estate as hard assets become more attractive? Stick around as Dave explains this week’s wild events and what it could mean for the future of the US economy.

In This Episode We Cover

SVB’s (Silicon Valley Bank) collapse explained and why it failed so fast

The bank run “domino effect” that could put other intuitions at risk

Why a “bailout” happened so quickly, and whether customer funds were secured

Bond yields and why making long-term investments was a risky bet for SVB

The future of mortgage rates and how SVB’s failure could lead to fewer rate hikes

The psychology behind a bank failure and how it affects the entire economy

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

How Did A $200B+ Bank Collapse In 48 Hours? Is Real Estate Going To Be Impacted?

Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-87

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86: Here’s What Will Cause Mortgage Rates to Finally Fall w/Logan Mohtashami

Mon, 13 Mar 2023 06:00:00 -0000

The housing market is stuck in a standoff. On one side, you have buyers, repeatedly beaten with high home prices, higher mortgage rates, and almost non-existent affordability. On the other, you have the sellers, who are sitting on low-interest-rate mortgages, unwilling to take a price lower than they want, waiting for rates to come back down, so the bidding wars begin all over again. This standoff has caused the housing market to come to a halt, with inventory at unbelievably low levels and no one willing to buy or sell.

But weren’t we supposed to be past this? When rates dropped earlier this year, the housing market looked like it was on a fast track to a real estate revival. But now, homebuyers, sellers, and investors don’t know where to turn. And that’s precisely why we brought on HousingWire Lead Analyst Logan Mohtashami, the one person who knows the real estate market better than the rest. Last time we had Logan on, he debunked the claim of a 2008-style housing crash repeat, and now, he’s on to forecast when the housing market could finally reach a healthy point again.

Logan knows why homeowners aren’t selling, why buyers aren’t bidding, and when mortgage rates will come back down. With some simple stats and data, Logan lays out almost exactly what would have to happen for us to enter a normal housing market and gives a rough timeline of when we can expect these changes to take place. And if you’re still on the “it’s gonna crash!” bandwagon, we’d suggest sticking around for Logan’s full explanation, as it may completely reverse what you thought was conceivable.

In This Episode We Cover

Mortgage rate forecasts and what has to “break” for rates to come back down

Foreclosures, distressed sellers, and why there isn’t more inventory on the market

Homebuyers vs. sellers and why neither of these two will make moves until the other does

2008 vs. 2023 and why a Great Recession repeat is a lot less likely than you think

What could cause affordability to rise and help homebuyers get into properties

Rent growth declines and why rents are starting to stall even as homebuying becomes challenging

The commercial real estate “crash” and which sector is most primed for price cuts

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

On the Market 14 with Logan

Connect with Logan:

Logan Website

Housing Market Tracker

Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-86

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85: New Builds, Knowing Your Niche, and the 2023 Housing Boom!?

Fri, 10 Mar 2023 07:00:00 -0000

This housing market is a tough nut to crack. One week, rates are coming back down, buyers are gearing up to re-enter the real estate market, and investors are feeling optimistic. Then, the following week, inflation spikes, mortgage rates jump, and affordability plummets back down to a depressing level. Because of this topsy-turvy economy we find ourselves in, we get a slew of questions on almost every episode asking us to predict what will happen next. And today, the entire On the Market panel has flown out to Denver to get this live debate going.

That’s right. Dave Meyer is joined by Henry Washington, James Dainard, Jamil Damji, and Kathy Fettke to pop some bottles, rock some chains (thank you, James), and give you up-to-date info on the housing market. We’ve taken a few of our favorite questions from the comment section and got the panel’s opinions on some of today’s most pressing topics. First, we’ll talk about why new homes are cheaper than existing homes in many markets and whether or not this is a red flag for the housing market.

Then, we enter lender territory and discuss which markets are seeing new down payment requirements and which allow you to still score deals at ten to fifteen percent down. We’ll also revisit the commercial real estate crash and what could happen once these massive balloon payments come due. But don’t worry, there’s still some optimism afoot, as a couple of our expert guests predict a housing market boom could be coming in only a matter of months. So, don’t get caught in the rocky waves of this real estate market; tune in to get the scoop on everything happening on the market.

In This Episode We Cover

The incoming housing market “boom” that could start another buying frenzy

New construction vs. existing homes and which is a safer bet as a new investor

Down payment requirements and why so many lenders are asking for more

The commercial real estate crash and how it could create insane deals for investors with cash on hand

The state of the economy and why there’s so much contradictory data pointing in different directions

Why you should always buy two plane tickets when planning your next trip

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

Attend a BiggerPockets Meetup

Grab Dave’s “2023 State of Real Estate Investing Report”

On the Market Podcast 65 with Ben Miller (Deleveraging)

On the Market Podcast 71 with Brian Burke (Multifamily BOMB)

Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-85

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84: The 2023 Recession Countdown: Is Now the BEST Time to Invest?

Mon, 06 Mar 2023 07:00:00 -0000

The 2023 recession is off to a strange start. Homebuyer activity has rallied, consumer spending is up, and unemployment is low. Is a recession really on the way, and if so, has anyone told the Fed what's happening in today’s economy? With a good chunk of economists still betting on a recession in 2023, who’s right and who’s wrong? And if there isn’t a recession incoming, can real estate investors take advantage of this artificial instability to get even better deals done?

We’re back with our panel of experts, Henry Washington, Jamil Damji, and Kathy Fettke, to get their take on whether or not this period of economic uncertainty is over. Back in 2022, with mortgage rates picking up, inflation hitting decade-long highs, and the housing market starting to stutter, most Americans were right to believe that we were on the cusp of a recession. And real estate investors were doing deals left and right, trying to get as many homes under contract for the lowest price.

And only a few months later, things have started to change, but investors are still getting incredible deals done, and if you tune into this episode, you can too! We talk about how this “white-collar recession” is causing more profit than panic for investors and why many Americans don’t “feel” we’re in an economic downturn. Our expert guests even give their best predictions on what could happen this year and into the next. So if you want to take home some SERIOUS profits like our guests did in the last crash, listen up!

In This Episode We Cover

A 2022 economic recap and why Americans didn’t react as they did during the last recession

Testing today’s recession sentiment using the “underwear” theory

Whether or not we’re in a recession and why real estate is always “first in, first out”

The 2023 economy, housing market predictions, and why recession indicators don’t always work

How to invest in 2023 and what our expert guests are doing to build wealth while markets are down

Passive investing and why Dave’s private money lending bet could pay off as mortgage rates rise

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

Attend a BiggerPockets Meetup

Why This Recession is a HUGE Opportunity for Investors

Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-84

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83: The “Catalyst” That Could Cause The Economy to Fall w/Ben Miller

Fri, 03 Mar 2023 07:00:00 -0000

The 2023 economy doesn’t fit what the forecasters were predicting. Inflation was up, but now it’s coming back down, interest rates keep rising, but homebuyer demand is coming back? As if there wasn’t enough contradictory data, employment is holding steady while we should be in a recession. What’s really happening behind the scenes, and how can you use economic headwinds to build wealth faster while everyone else braces for an impact that may never come?

We’re back with Fundrise CEO Ben Miller to discuss the three economic scenarios EVERY investor should plan for in 2023. Ben has learned something new about the economy (and himself) during every past crash. In the 90s, when real estate took a hit, young Ben was too carefree to be concerned. Then, when 2008 came around, Ben was left with scars from the market crash carnage. Now, after the 2020 flash crash and into a potential 2023 market crash, Ben knows better and is making bets that’ll make him, his company, and his investors very wealthy.

Ben thinks it’s a mistake that most investors simply put one scenario forward when investing. He tells tales of some of the greatest investors using basic scenario planning to make a killing during any economy. In this episode, he’ll run through exactly how you can do this and why thinking in bets may be one of the best moves you can ever make. So, even if a housing market crash does come, you’ll be prepared not just to survive but thrive.

In This Episode We Cover

Why we aren’t in a recession yet and the contradictory crash indicators

Scenario planning 101 and the three types of outcomes EVERY investor should plan for

Thinking in bets and why a “black swan event” is much closer than most people think

What could lead to an economic recession and why it’s getting impossible to predict one

The best asset classes to invest in during 2023 and why institutional investors are taking big bets on debt

Why base hit real estate deals will make you rich, but home run potential should always be taken advantage of

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

Attend a BiggerPockets Meetup

On the Market 33 with Ben on Build-to-Rent

On the Market 65 with Ben on Deleveraging

On the Market 76 with NFL Panel

Books Mentioned in the Show

The Psychology of Money by Morgan Housel

The Art of the Long View by Peter Schwartz

Antifragile by Nassim Nicholas Nicholas Taleb

Connect with Ben:

Ben’s Twitter

Ben’s LinkedIn

Ben’s Email

Ben’s BiggerPockets Profile

Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-83

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82: The Crash That Didn’t Come: Has the Housing Market Already Bottomed?

Mon, 27 Feb 2023 07:00:00 -0000

The housing market crash may be over already. With mortgage rates steadily dropping, buyer demand picking up, and competition creeping back in, this housing correction could have been one of the fastest and least severe downturns we’ve ever witnessed. Top forecasters have hinted at the housing market bottoming out, with some claiming that the “thawing” has already begun—but the data may point to something different. While there are signs of improvement compared to where we stood just a few months ago, some glaringly obvious data points could make this a much closer call than mainstream forecasters think.

Dave Meyer, your sandwich-eating, data-delving host, wanted to know precisely what would cause the housing market to hit its floor. He looks at both the demand and supply side of the housing market, touching on the variables that genuinely make a difference. We’re talking about mortgage rates, housing affordability, loan applications, housing supply, active listings, and more. But you don’t need a degree in Data Science to understand what’s happening behind the scenes.

Dave will explain exactly what is (and isn’t) impacting the housing market, what changes led to the state we’re in, and four scenarios that could play out in 2023 that might put a nail in this theory’s coffin. Betting on the housing market bottoming out? We’d suggest hearing the full story before you make your next investment.

In This Episode We Cover

Why top housing market forecasters believe that the housing market has found its bottom

Mortgage rate updates and why interest rates are falling while the Fed introduces more rate hikes

Housing affordability and why we may be moving away from the record-breaking unaffordability of late 2022

Mortgage applications and why homebuyers have decided to come back in 2023

Housing inventory and why more listings and longer days on market could suggest we aren’t through a correction just yet

The four scenarios that could play out in 2023 (and which is the MOST likely)

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

Mortgage Bankers Association

Goldman Sachs

WSJ

Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-82

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81: America is Screaming for Affordable Housing, But No One Wants to Build w/Lu Chen and Thomas LaSalvia

Fri, 24 Feb 2023 07:00:00 -0000

The housing market has entered into a new era never measured before. As of a recent update from Moody’s Analytics, the rent-to-income ratio across the US has reached an average of 30%. And while this may not seem like a big deal to casual investors, it has wide-reaching implications that could cause the housing market to move in different directions. This is the first time a rent-to-income ratio has hit this high percentage point, which could spell bad news for landlords.

Lu Chen and Thomas LaSalvia from Moody’s Commercial Real Estate division are joining us to explain the entire story behind the data. They have been closely monitoring the steadily rising rent prices for decades. With pandemic-fueled migration, Lu and Thomas both believe that we’re living in one of the most troubling times for renters. But how did this come to be? With massive housing development across the nation, what’s causing rents to remain so high? The answer isn’t what you might expect.

Lu and Thomas have seen developers shift focus to certain housing types, leaving much of the middle class in a rent squeeze. This “missing middle” could explain why so many families are paying a solid portion of their income to rent every month. But with reasonably priced rentals becoming a hot commodity, what can landlords do to ease the burden and open up more housing for those who need it most? And where will rent head next after it’s broken through this previously unshatterable ceiling? Tune in and find out!

In This Episode We Cover

Housing affordability and why America just crossed into “rent-burdened” territory

The “ecosystem effect” and how pricier developments hurt the middle class

Housing demand and why work-from-home hotspots put strain on the system

Housing markets where rent is declining and the rent-to-income ratio is weakening

Where Americans are moving to and why some millennials are staying away from the suburbs

Real estate development and which housing types are getting built

Comparing today’s rent crisis to 2008 and why a housing correction doesn’t always equal a rent crash

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

Key Takeaways from 4th Quarter

Moody's CRE Website

Connect with Lu and Thomas:

Lu's Email

Thomas' Email

Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-81

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80: How to Make More Cash Flow Charging Cheaper Rent with Coliving w/Jay Chang

Mon, 20 Feb 2023 07:00:00 -0000

Coliving has often been thought of as solely student housing. When you mention this strategy to investors, they think of house parties, dirty dishes, constant complaints, and a whole lot of maintenance. But ask Jay Chang from Tripalink, and he’s got a different story to tell. Jay works to develop the best coliving communities in the United States, securing a lower-rent option for his tenants and a high cash flow investment for his investors. He’s seen how coliving projects are built, managed, and maintained, and he may completely change your mind on this concept.

For expensive areas like Los Angeles, New York, and Seattle, finding an affordable place to live as a student or entry-level worker is near impossible. Your options? Spend the majority of your salary on a studio apartment, live with your friends who haven’t vacuumed in three years, or move into a coliving apartment. The latter offers upscale amenities, daily or weekly cleaning, private rooms, and a high cash flow solution for landlords in pricey markets.

Still have your doubts? Jay touches on the untrue myths associated with coliving, why vacancy is near-zero, property management and maintenance, and why this investing niche could be close to exploding as the economy takes a tumble. This strategy could take your real estate portfolio to the next level if you’re in an expensive market, college town, or densely-populated area.

In This Episode We Cover

A quick housing market update and why buyers are jumping back in

Coliving explained and why young professionals and students need a new option for housing

The stigmas associated with coliving and why almost all of them are untrue

The luxury amenities that coliving offers and how it keeps vacancy at rock-bottom rates

Property management when coliving and how to deal with tenant issues

Converting your single-family home into coliving and the cost you can expect

House hacking and how to start coliving on a smaller scale

Where to invest in coliving and how to get in before this industry takes off

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

Co-Living Could Become The Future Of Real Estate

Double Your Rental Income with Co-Living Cash Flow

Build a Six-Figure Student Housing Portfolio in Just Eight Steps

Read Jay’s Articles on BiggerPockets

Connect with Jay:

Jay's BiggerPockets Profile

Jay's LinkedIn

Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-80

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!

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79: The Hidden Housing Costs Almost Every New Investor Overlooks

Fri, 17 Feb 2023 07:00:00 -0000

Your real estate investment’s returns could be ruined by a few hidden costs that you don’t know about. For the rookie real estate investor, it seems like every investment has the same type of expenses; mortgage, taxes, insurance, repairs, and property management. And while these surface-level expenses are almost always present in a real estate deal, NUMEROUS extra expenses could sink your ship if you don’t include them in your deal analysis. So, stick around, or you might get burnt on your next real estate deal!

To walk us through the different types of deals and the expenses that come with them, we’ve got Henry Washington, James Dainard, and Kathy Fettke on the show. Henry, a buy and hold investor, knows that the “cash flow” new investors are calculating is far from reality. He highlights the exact expenses it takes to run a rental property portfolio and why those counting on self-management could be making a MASSIVE mistake. Next, James talks about the often over-glamorized world of flipping houses and the massive haircut investors take when they don’t account for closing, construction, and tricky lending fees.

Finally, for our passive investor, Kathy goes into the world of real estate syndications, defining the numerous fees many “mailbox money” investors overlook. In fact, investors in these passive deals often don’t know when (or how) they’re getting paid. You DO NOT want to make this mistake! Stick around to hear it all, so you don’t make these beginner blunders next time you get a deal done!

In This Episode We Cover

The “hidden” fix and flip, buy and hold, and real estate syndication costs

Lending fees, penalties, and the BIG cost of borrowing money

Seller concessions and what to expect in a buyer's market like 2023

Raising rent and why not doing so could be a huge mistake when building a portfolio

Self-management vs. third-party property management and why you ALWAYS need to factor in a fee

Real estate syndication payments explained and why so many investors get it wrong

The “4-4-4” housing market prediction and whether it could really come true

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

James's BiggerPockets Profile

Kathy's BiggerPockets Profle

Kathy's Insatgram

Books Mentioned in the Show

The Book on Estimating Rehab Costs by J Scott

The Book on Managing Rental Properties by Brandon and Heather Turner

The Hands-Off Investor by Brian Burke

Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-79

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!

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78: 3 Ways to Buy in 2023 and Making the Most of a Multifamily Crash

Mon, 13 Feb 2023 07:00:00 -0000

The multifamily crash is well underway! But is now the time to buy? If only you could see where top investors are parking their cash during this wild house market. Well, today, you can! We’re back with another Deal Breakdown, where Henry Washington, James Dainard, and Kathy Fettke break down the deals they’re doing in February of 2023. And while the news may be highlighting a “doom and gloom” type of real estate market, we know from first-hand experience that there is still money to be made in today’s housing market!

Kathy is back in her love-hate relationship with new builds as she makes a SERIOUS investment in the beautiful ski town of Park City, Utah. The view alone at this property was enough to sell her on the high price. Next, Henry shares his “base hit” off-market real estate deal with a slew of exit strategies that’ll make him money, no matter what. Lastly, James is going hard on the multifamily housing crash, tackling a multi-million dollar deal that could have an eight-figure sales price once he’s done with it! Want to hear how these top investors are finding, funding, and profiting from their real estate deals in 2023? Stick around!

And, if you haven’t been to the grocery store, gas pump, or lumber yard in a while, we play a post-inflation pricing game to see how high-priced everyday commodities have gotten. We won’t give away the answers, but we can definitely say that omitting omelets from your diet could save you some serious cash!

In This Episode We Cover

Inflation’s effect on everyday commodities and how high prices have gotten

Investing in new construction and the massive financial upside to buying the right property

Why you should search for “base hit” deals that give you MULTIPLE options to exit profitably

Wholetailing vs. wholesaling and when to use each of these off-market strategies

Price over profit and why buying a great deal should be your top concern when investing

Capitalizing on the multifamily crash and how cap rates are helping buyers scoop up apartments at a steep discount

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

James's BiggerPockets Profile

Kathy's BiggerPockets Profle

Kathy's Insatgram

The Multifamily “Bomb” is About to Blow, Here’s What You Need to Know

Learn More About Inflation with Trading Economics

Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-78

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77: The Self-Fulfilling Crash Prophecy and Why Homebuyers Are Coming Back

Fri, 10 Feb 2023 07:00:00 -0000

Mortgage rates were about the only thing stopping the almost unbelievable home price run-up of 2020 through 2022. With higher mortgage rates, homebuyers were forced to bid on smaller houses or stick to renting while waiting for the good old days of 3% rates to return. But it doesn’t look like we’ll be heading back to sub-4% rates anytime soon, and homebuyers are starting to take the hint. So as mortgage demand begins to rebound, could we be closing in on another boom in the housing market?

We’re back with another correspondents show as we touch on the latest housing market news from around the nation. First, we talk about how tech markets and unaffordable housing have taken a tumble while affordable markets kept afloat even during steep price drops. Next, we challenge a 2008-like crash prediction and explain why institutional investors are suddenly sending in rock-bottom bids in growing housing markets. Then, we hit on the revival of homebuyers, as mortgage applications shoot up and how we could dodge a recession with our slowing but growing economic climate.

We’ll also play a game of “Hot or Not,” where we touch on which real estate investing strategies are worth trying in 2023. From buy and hold real estate to risky flipping, the fall of short-term rentals, and more, our expert guests will tell you EXACTLY which tactics they’re using in 2023 and which ones to avoid at all costs! So stick around for the housing market news you NEED to hear to build wealth in 2023!

In This Episode We Cover

The best (and most risky) real estate investing strategies of 2023

Why “affordable” markets are staying rock-solid even during the housing correction

The new housing market crash prediction and which big cities could get hit the hardest

A boost in homebuyer demand and why the mortgage rate “sticker shock” has finally worn off

The 2023 recession and whether or not it's even possible as the US economy still sees solid growth

Institutional investors are why they’re coming back with lowball offers in growing cities

How deflated prices could lead to “equity pops” for savvy investors willing to invest in struggling markets

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

James's BiggerPockets Profile

Kathy's BiggerPockets Profle

Kathy's Insatgram

The Bifurcated Housing Market Correction

Goldman Sachs 2008 Crash Prediction

Households Priced Out

JP Morgan 2023 Market Outlook

Mortgage Demand Soars 28%

Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-77

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76: Why NFL Players Are Buying Real Estate During the Recession w/Cliff Avril and Devon Kennard

Mon, 06 Feb 2023 07:00:00 -0000

Who’s buying real estate? Maybe you are, maybe your friend is, but what about NFL players? Most casual fans would assume that getting paid millions of dollars a year would ensure a long-lasting retirement, but this isn’t always true. For many professional athletes, you’re constantly living one injury away from having no income. If, like many newly-signed pros, you splurge your first few years of checks, you could enter into retirement flat broke without any of the millions you earned.

This is the exact opposite of what Cliff Avril and Devon Kennard did. They knew that their career earnings started ticking away the second they stepped onto the field, so they made moves to protect their wealth in other ways. Although numerous financial advisors told them to play it safe with index funds, REITs (real estate investment trusts), or other more “passive” investments, they decided to multiply their active income by investing heavily in real estate.

And, even during an economic downturn, these two financial powerhouses are still investing, trying to maximize their dollar as much as possible. In this episode, we chat with Cliff and Devon about syndications they’ve invested in, how they’re staying up-to-date in today’s wild housing market, where they’re investing, and why they picked real estate over all the other assets. You don’t need to be a pro football player to take these lessons to heart, so stick around because this episode is bound to make you wealthier!

In This Episode We Cover

Why so many professional sports players choose real estate as their chosen investment

Real estate vs. stocks, index funds, REITs, and other more “passive” investments

Real estate syndications and how to vet the operator who’s running the deal

Investing during a recession and how Cliff and Devon are reacting to this changing market

The “core four” every real estate investor needs in a property market

Normalizing the investment conversation and making sure your circle is building wealth together

The similarities between running a play and buying a rental property

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

Devon's BiggerPockets Profile

Connect with Devon & Cliff:

Cliff's TikTok

Cliff's Instagram

Devon’s Book

Devon's Instagram

Devon's Website

Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-76

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75: “Catastrophic” Consequences of the US Defaulting on Its Debt w/Sarah Ewall-Wice

Fri, 03 Feb 2023 07:00:00 -0000

The US debt ceiling has been hit; what happens next could send ripples through the economy. But is now the time to panic? Or is there still time to solve this situation? With the US economy relying so heavily on borrowing, the prospect of being unable to pay back its debts could come with a series of “catastrophic” consequences. Higher mortgage rates, a market crash, and an even harsher recession could be on the horizon. But what’s the likelihood of this happening? And are we really on the cusp of a debt debacle?

We brought on Sarah Ewall-Wice, Washington D.C.-based reporter, to help explain what is happening with the US debt limit. Sarah knows that many Americans are used to these types of debt ceiling congressional debates, but most people don’t know the impact these could have on their wealth, investments, and society as a whole. With COVID spending forcing the government to pay for even more, the debt ceiling has reached an almost unimaginable $31 trillion.

Sarah describes what would happen if the US defaulted on its debt, the programs that would be impacted the most, what republicans and democrats both want in their upcoming debates, and what everyday Americans can expect to happen over the coming months. Dave and Sarah also discuss the “trillion dollar coin” method, which could end the US’s debt quite quickly, while simultaneously acting as the most comical government bailout plan to date!

In This Episode We Cover

The US debt ceiling explained and why the government could raise the limit yet again

COVID’s effect on government debt and how spending was ramped up during 2020

The “extraordinary measures” that the treasury is putting in place to keep the government afloat

What happens if the US defaults on its debt and the severe consequences for investors

Which social programs will be hit the hardest if a default happens

Market crashes, mortgage rate increases, and other effects we could be in for

The “trillion dollar coin” method and whether money-printing is the answer

What republicans and democrats really want and why they’re fighting for it

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

The 2023 State of Real Estate Investing Report

Connect with Sarah:

Sarah's Twitter

Sarah's Instagram

CBS News

Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-75

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74: Assumable Loans: How to Time Travel Back to 3% Rates on Your Next Buy w/Craig O'Boyle

Mon, 30 Jan 2023 07:00:00 -0000

With assumable mortgages, you can snag a three percent interest rate even in 2023’s high-interest environment. These loans exist everywhere around you—you could be sitting on an assumable loan without even knowing it! So, if there’s a way to pick up properties at all-time low-interest rates, why isn’t everyone taking advantage of assumable mortgages? We brought Craig O’Boyle from Assumption Solutions on to the show to explain.

Assumable mortgages aren’t new, but most real estate agents, loan brokers, and homebuyers have no idea what they are. In practice, an assumable mortgage allows a homebuyer to “assume” a seller’s loan with the same interest rate, contingencies, and principal paydown as the seller. This means you can walk into a home with significant equity, a low-interest rate, and the same fix-rated loan you’d be picking up from a bank. But, if you want an assumable mortgage, you’ll need to know where to find one.

Craig walks us through the ins and outs of assumable mortgages, where investors can find one, why most mortgage lenders and brokers don’t know about them, and one BIG caveat you’ll need to hear before you chase down this better financing. Want a lower rate and monthly payment with higher cash flow? Stick around; we’ll give you everything you need to know to find a low-interest assumable loan in your area!

In This Episode We Cover

Assumable mortgages explained and why a bank would allow a buyer to assume a loan

Assumable loans vs. subject to and how one strategy is far riskier than the other

Fees you can expect to pay when purchasing a property with an assumable mortgage

House hacking and using assumable loans to profit off your primary residence

The three types of loans that can be assumable (and others that WON’T work)

The “assumption gap” and money you’ll need at closing to get the deal done

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

Subject To Real Estate Explained

Jamil's YouTube

Connect with Craig:

Craig's Website

Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-74

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73: A New Housing Market is Forming: How to Take Advantage in 2023

Fri, 27 Jan 2023 07:00:00 -0000

The new housing market is here, and with it comes a whole new set of real estate investing rules. Now, appreciation isn’t a given, flipping can flop, and good multifamily deals are one in a dozen instead of one in a million. This type of market can be dangerous for new real estate investors, but it can also be a massive opportunity for those who want to play the game the right way. So, please don’t ask the newly-rich gurus what their advice would be; turn to the decade-long players who have survived crashes, come back stronger, and know which deals are worth getting done.

In this episode, we’ll go through the “2023 State of Real Estate Investing Report,” written by your data and sandwich savant, Dave Meyer. This report presents a window into what could happen in 2023, where the housing market stands now, and how investors can react to build real estate riches. Henry Washington, Jamil Damji, and Kathy Fettke give their own housing market predictions for the next year and prove cash is king, why on-market deals are the way to go, and how investing in “hybrid cities” can make you both equity and cash flow rich.

The On the Market team will also give their thoughts on the potential commercial real estate crash that could happen in 2023. This type of movement in real estate affects all investors. Knowing about it beforehand can help you not only make money on killer deals but also help you avoid buying a property that may nosedive in value after buyers exit the market. So if you want the best data on real estate investing for 2023, this is the place to be!

In This Episode We Cover

The “new housing market” that’s forming and how investors can take advantage

Why cash is king and how low competition and high rates can help you buy rental property steals

Why “buying deep” combined with seller financing can make you a killing in 2023

Whether house flips will flop in 2023 and how inexperienced investors could get burnt

The “hybrid cities” that offer investors cash flow AND appreciation in one place

Commercial real estate and the multifamily price crash that could be on the table in 2023

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums