On The Market

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 Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram Kathy's BiggerPockets Profile Kathy's Instagram 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 [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices

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 Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram 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 [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices

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 Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram Hear Past “On the Market” Episodes with Chen and Orphe: On The Market 151 with Chen 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 [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices

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 Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram Henry's BiggerPockets Profile Henry's Instagram James' BiggerPockets Profile James' Instagram Kathy's BiggerPockets Profile Kathy's Instagram 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 [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices

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 Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram 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 [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices

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 Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram Henry's BiggerPockets Profile Henry's Instagram James' BiggerPockets Profile James' Instagram Kathy's BiggerPockets Profile Kathy's Instagram 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 [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices

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 Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram 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 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices

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 Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram James' BiggerPockets Profile James' Instagram 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 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices

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 Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram Henry's BiggerPockets Profile Henry's Instagram James' BiggerPockets Profile James' Instagram Kathy's BiggerPockets Profile Kathy's Instagram 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 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices

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 Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram Henry's BiggerPockets Profile Henry's Instagram James' BiggerPockets Profile James' Instagram Kathy's BiggerPockets Profile Kathy's Instagram 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 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices

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 Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram Henry's BiggerPockets Profile Henry's Instagram James' BiggerPockets Profile James' Instagram Kathy's BiggerPockets Profile Kathy's Instagram Stories from Today’s Show: Best Middle-Class Cities Tenant from Hell Mortgage Demand Mortgage Rates Fell Last Week as a Recession Looms—Have We Turned a Corner? Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-166 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices

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 Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram Hear Our Last Episode with Branon on “The Biggest Real Estate Tax Loophole” Connect with Brandon: Brandon's BiggerPockets Profile Brandon's Website Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-165 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices

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 [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices

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 Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram Kathy's BiggerPockets Profile Kathy's Instagram Henry's BiggerPockets Profile Henry's Instagram James' BiggerPockets Profile James' Instagram 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 [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices

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 [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices

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 [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices

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 Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram Henry's BiggerPockets Profile Henry's Instagram James' BiggerPockets Profile James' Instagram Kathy's BiggerPockets Profile Kathy's Instagram 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 [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices

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 Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram 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 [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices

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 Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram 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 [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices

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 Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram 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 [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices

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 Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram James' BiggerPockets Profile James' Instagram 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 [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices

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 Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram Henry's BiggerPockets Profile Henry's Instagram James' BiggerPockets Profile James' Instagram Kathy's BiggerPockets Profile Kathy's Instagram 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 [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices

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 Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram Henry's BiggerPockets Profile Henry's Instagram James' BiggerPockets Profile James' Instagram Kathy's BiggerPockets Profile Kathy's Instagram 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 [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices

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 Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram 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 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices

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 Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram 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 [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices

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 Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram Henry's BiggerPockets Profile Henry's Instagram 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 [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices

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 Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram Kathy's BiggerPockets Profile Kathy's Instagram 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 [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices

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 Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram Henry's BiggerPockets Profile Henry's Instagram James' BiggerPockets Profile James' Instagram Kathy's BiggerPockets Profile Kathy's Instagram New Agent Lawsuits Could Have Profound Effects for Buying and Selling Homes RE/MAX Settlement Housing Starts Passive Homes Dave Ramsey 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 [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices

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 Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave’s BiggerPockets Profile Dave’s Instagram 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 [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices

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 Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram James' BiggerPockets Profile James' Instagram Meet Brian and Matt at BPCon! Sign Up for the BiggerPockets Multifamily Bootcamp 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 Brian's BiggerPockets Profile Brian's Website Brian's Instagram Connect with Matt Matt's BiggerPockets Profile 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 [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices

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 Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram James' BiggerPockets Profile James' Instagram Henry's BiggerPockets Profile Henry's Instagram Kathy's BiggerPockets Profile Kathy's Instagram 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 [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices

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 Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram James' BiggerPockets Profile James' Instagram Housing is Unaffordable, But Could It Actually Get Worse? Connect with Matthew Matthew's Facebook Matthew's Instagram Matthew's LinkedIn Matthew's Twitter/X 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 [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices

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 Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram Henry's BiggerPockets Profile Henry's Instagram James' BiggerPockets Profile James' Instagram Kathy's BiggerPockets Profile Kathy's Instagram Share Your Deal on the “On the Market” Forum Read More Home Buyer and Housing Market Stats 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 [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices

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 Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram Henry's BiggerPockets Profile Henry's Instagram #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 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices

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 Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram James' BiggerPockets Profile James' Instagram 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 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices

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 Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram James' BiggerPockets Profile James' Instagram 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: Richard's LinkedIn Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-141 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices

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 Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram Kathy's BiggerPockets Profile Kathy's Instagram James' BiggerPockets Profile James' Instagram Warren Buffett Insurance Mortgage Rates 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 [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices

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 Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram Kathy's BiggerPockets Profile Kathy's Instagram 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 [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices

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 Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram Kathy's BiggerPockets Profile Kathy's Instagram 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 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices

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 Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram 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 <GO> 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 [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices

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 Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram James' BiggerPockets Profile James' Instagram Book Mentioned in the Show: Finding and Funding Great Deals by Anson Young Connect with Anson & Ryan: Anson's BiggerPockets Profile 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 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices

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 Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram 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 [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices

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 Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram 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 [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices

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 Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram 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 [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices

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 Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram Henry's BiggerPockets Profile Henry's Instagram Jamil's BiggerPockets Profile Jamil's Instagram Kathy's BiggerPockets Profile Kathy's Instagram James' BiggerPockets Profile James' Instagram Hear Our Episode with J Scott and Scott Trench Housing Recession Credit Tightening Lowball Offers Growing Cities 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 [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices

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 Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram On The Market Podcast 17 On The Market Podcast 66 BiggerPockets Real Estate Podcast 604 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 [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices

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 Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram Henry's BiggerPockets Profile Henry's Instagram Jamil's BiggerPockets Profile Jamil's Instagram Kathy's BiggerPockets Profile Kathy's Instagram 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 [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices

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 Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram James' BiggerPockets Profile James' Instagram 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 BiggerPockets Profile 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 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices

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 Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram James' BiggerPockets Profile James' Instagram Henry's BiggerPockets Profile Henry's Instagram Jamil's BiggerPockets Profile Jamil's Instagram Kathy's BiggerPockets Profile Kathy's Instagram 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 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices

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. Sign up today to hear Dave’s take on: 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 Learn more about your ad choices. Visit megaphone.fm/adchoices