On The Market (BiggerPockets)

Everyone wants to know how to get rich in a recession. The problem? With many asset prices plummeting and a bipolar real estate market, parking cash in any asset could be considered a risk. But, a particular sect of real estate still makes money even if the housing market starts to crash and home prices freefall. This is one of the lowest-risk ways to start investing, especially during a recession, and it made our expert guests, James Dainard and Jamil Damji, very wealthy. James and Jamil have been using this strategy since the early 2000s. When home prices started plummeting in 2008, buying rentals became risky, and fix and flips got decimated. Thankfully, this often misunderstood type of “investing” allowed them to capitalize on the price action, picking up deals that would make great buys and passing them along to buyers who could hold their own during the crash. This same strategy still makes them millions of dollars today, and you can start using it! In Jamil’s newest book, How to Wholesale Real Estate, you’ll learn how to build a scalable wholesale business without much cash, experience, or contacts. This is one of the BEST ways for new investors to get started and is a phenomenal source of supplemental income for investors and flippers who have too many deals on their desks. Think it’s too late to make money in an economy like this? Think again! In This Episode We Cover Jamil’s newest book, How to Wholesale Real Estate, and using it to get your first deal done Wholesaling explained and why “trading” real estate may be better than investing in it Recession-proof real estate investing and why wholesaling is one of the lowest-risk ways to start making money in real estate Million-dollar relationships and the people you MUST have in your circle to be successful Finding buyers and why investors don’t disappear even when home prices start to fall The housing markets that are on FIRE for wholesalers (and which are showing HUGE opportunity)  And So Much More! Links from the Show 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 Jamil's BiggerPockets Profile Jamil's Instagram Book Mentioned in the Show: How to Wholesale Real Estate by Jamil Damji (use code “WHOLESALE110” to get 10% off) Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-111 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

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

A bombshell NAR settlement could bring wide-sweeping changes to the housing market. After a snowball of NAR lawsuits, the realtor association agreed to settle for a whopping $418 million and make critical changes to how real estate agent commissions are paid and how competition can be upheld. This significantly impacts anyone buying or selling a home and has life-changing effects for every real estate agent and realtor in the country. The New York Times’ Debra Kamin joins us to break the story. Debra breaks down the enormous legal loss that NAR (National Association of Realtors) suffered last week and the impacts it will have on the housing market. First, we discuss the new agent commission rules, which may break the standard six percent fee that realtors are used to taking. These commissions are real estate agents’ livelihoods, and a new model that supports lower commissions could force many agents to leave the industry entirely. We’ll also touch on the turbulent times NAR has faced recently, from sexual harassment scandals to changing leadership and, now, a massive settlement that could lose them more than half of their members. Will a new type of real estate agent form from the ashes of this century-old model? Or, could a brand-new way of buying and selling homes transform the housing market? Stay with us; we’ll give you the entire scoop. In This Episode We Cover: NAR’s massive settlement creating ripple effects across the real estate market The new real estate agent commission rules that could shock an entire industry Changes to the multiple listing service (MLS) that may open the market up to new competition The future of buyer’s agents and whether or not they’ll remain a critical component to buying a home Sexual harassment scandals, turbulent leadership, and recent NAR struggles What the future of using a real estate agent could look like And So Much More! Links from the Show 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 Debra's NYT Debra's Website Debra's Twitter BiggerPockets' Instagram The NAR Will Eliminate 6% Commission Standards and Pay $418 Million in Damages After Settling Lawsuit Is It the End of the Realtor? Inside the NAR Crisis New Agent Lawsuits Could Have Profound Effects for Buying and Selling Homes Check out more resources from this show on BiggerPockets.com: https://www.biggerpockets.com/blog/on-the-market-201 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

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 advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

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 advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Right now, many multifamily operators are scared. They’ve got debt due, higher vacancy rates than ever, and banks that could be coming for them at any second. And although a “soft landing” in the economy could help keep most multifamily operators from being foreclosed on—not everyone is safe. If you’re looking to invest in multifamily this year, there could be some big buying opportunities. To walk us through the state of the multifamily and commercial real estate market is CBRE’s Richard Barkham. Richard leads a team of six hundred research experts, all digging into the most up-to-date real estate data around. Today, Richard touches on the commercial real estate space, why prices AREN’T crashing, the sectors that will continue to struggle in 2024, and why the industry as a whole has remained so resilient, especially when no one expected it to be. We’ll also get into cap rate forecasts and how high they could get so prices finally come back down to earth. But that’s not all; Richard gives a rare take on why so many struggling multifamily investments DIDN’T get foreclosed on, whether or not the oversupply of multifamily could make trouble for residential buyers, and what will happen when the “wave” of multifamily construction hits. In This Episode We Cover: A 2024 commercial real estate update and whether or not a price crash is still on the table Rising vacancy rates and the commercial sectors that could get hit the hardest  Cap rate expansion and whether or not we’ll see price cuts this year Why Richard sees 2024 as a “year of opportunity” for multifamily investors States with the most multifamily construction that could see price cuts spill over into residential “Distressed” multifamily investors and why we WON’T see a wave of foreclosures  And So Much More! Links from the Show 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 Join the BiggerPockets Virtual Summit The “Doom Loop” That Could Crash Commercial Real Estate w/Richard Barkham Access CBRE’s Insights and Research Connect with Richard: Richard's CBRE's Profile Richard's LinkedIn Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-179 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Multifamily real estate has crashed, but we’re not at the bottom yet. With more debt coming due, expenses rising, incomes falling, and owners feeling desperate, there’s only so much longer that these high multifamily prices can last. Over the past year, expert multifamily investors like Brian Burke and Matt Faircloth have been sitting and waiting for a worthwhile deal to pop up, but after analyzing hundreds of properties, NOTHING would work. How bad IS the multifamily market right now? Brian and Matt are back on the podcast to give their take on the multifamily real estate market. Brian sees a “day of reckoning” coming for multifamily owners as low-interest debt comes due, banks get desperate to be paid, and investors run out of patience. On the other hand, Matt is a bit more optimistic but still thinks price cuts are coming as inexperienced and overconfident investors get pushed out of the market. So, how does this information help you build wealth? In this episode, Brian and Matt share the state of the 2024 multifamily market, explain exactly what they’ve been doing to find deals, and give their strategy for THIS year that you can copy to scoop up real estate deals at a steep discount. Wealth is built in the bad markets, so don’t skip out on this one! In This Episode We Cover: The state of multifamily real estate in 2024 and how low prices could go A “day of reckoning” coming for inexperienced/overleveraged multifamily owners Whether or not we’ve reached the bottom for multifamily price drops  What rookie real estate investors should do NOW to take advantage of this down market Rising mortgage rates and how increased costs have KILLED many multifamily deals Exactly what Brian and Matt are investing in during 2024 to make money no matter how the market moves And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area Expand Your Investing Knowledge With the BiggerPockets Books Be a Guest on the BiggerPockets Podcast Dave's BiggerPockets Profile Dave's Instagram Join the BiggerPockets Virtual Summit Check Out Dave On the “On the Market” Podcast Top Multifamily Investors’ Advice for Buyers in 2023? DON’T Do It Books Mentioned in the Show Raising Private Capital by Matt Faircloth The Hands-Off Investor by Brian Burke Connect with Matt: Matt's BiggerPockets Profile Matt's Website Matt's Instagram Connect with Brian: Brian's BiggerPockets Profile Brian's Website Brian's Instagram Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-181 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Home prices will rise, home sales will jump, and mortgage rates will fall to a familiar range, according to Fannie Mae’s Doug Duncan. In their newest consumer sentiment survey, Fannie Mae points to a “tale of two housing markets” where both buyers and sellers are stuck. Rates aren’t low enough to get back into the housing market, and with prices set to rise, why should homeowners sell? Doug provides some incredible insight on today’s episode, explaining why housing market sentiment is still so low, what could boost homebuying demand, and where Fannie Mae expects mortgage rates to be in 2024 and 2025. If you’re praying for rates to hit the rock-bottom levels of 2020 and 2021, Doug has some news you NEED to hear. But rates and prices aren’t the only factors impacting buying/selling. Our huge undersupply of housing is making the market even more competitive as builders remain stuck, forced to pay high interest rates and high labor costs, all during a time when most of America doesn’t want to purchase. How do we get out of this housing market stalemate? Stick around as one of the top minds in housing gives us his answers. In This Episode We Cover: Fannie Mae’s newest housing market sentiment numbers and what they mean for buying/selling 2024 vs. 2008 and the factors causing so much property purchasing pessimism The mortgage rate “range” we can expect in 2024 and 2025 The three factors that MUST change if we’re to see a return back to a normal housing market  Recession indicators that are going off, EVEN with today’s solid economic growth The massive construction constraint that’s stopping more inventory from coming on the market And So Much More! Links from the Show 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 Where America’s Most Accurate Forecaster Sees Home Prices in 2024 w/Doug Duncan With Mortgage Rates Set To Drop, Will This Be the Year Sellers Come Back? HousingWire CEO: This Inventory Shortage Could Last Decades Fannie Mae’s Latest National Housing Survey Connect with Doug: Fannie Mae Doug’s LinkedIn Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-184 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. 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 advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Americans are convinced that today’s economy is bad…really bad. In fact, many of them think that this is the worst economic period in US history. Are they right, or are they just historically challenged? In today’s show, we’re going to touch on the good and the bad happening in the economy, from new job numbers to negative economic sentiment, corporate landlords who want you to live at work, and whether or not buying a house in 2024 is a smart move to make. With so many economists only a few short months ago predicting a recession in 2024, a surprising new jobs report has been released showing something nobody would have expected. Is this good for employees, or does this bring more power to the employer? Speaking of employers, how would you like Elon Musk to be your landlord? Well, if you work for Tesla, SpaceX, or The Boring Company, this could be your reality. And, if you’ve been on the fence about buying a home, our investing experts go through the pros and cons of purchasing in 2024. With less competition and rates forecasted to drop, now could be the final time to get a steal on your next real estate deal. But is locking in your price now your best bet? Stick around to find out! In This Episode We Cover: New jobs data and whether wages are growing, shrinking, or staying stagnant for Americans “Labor hoarding” and why top companies are paying to keep workers on call Why younger Americans believe now is the “worst economy in US history” The re-emergence of “company towns” and how Google, Meta, and Elon Musk could become your next landlord Why expert investors are buying now BEFORE mortgage rates go down And So Much More! Links from the Show 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 Kathy's BiggerPockets Profile Kathy's Instagram Henry's BiggerPockets Profile Henry's Instagram Here’s What the U.S. Consumer Tells Us About the State of the Economy Articles Mentioned in This Episode: Jobs Report Company Towns Buying in 2024 Home Prices Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-178 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

The tide may have finally turned for real estate investing and the housing market. After carefully tracking sentiment among small investors, Rick Sharga’s team at CJ Patrick Company has seen a BIG boost in optimism over the last quarter. It seems that betting on the housing market is back as improving investor sentiment and confidence pushes more and more people to go after rental property investing and house flipping. But which strategies will have the most explosive growth? We sat down to break the story with Rick on the newest Investor Sentiment Survey, what investors are feeling the most bullish about in the 2024 housing market, and the biggest concern investors have on their minds. And the data Rick shares isn’t just shown in the survey—it’s mirroring today’s market conditions. In James’ market alone, investor demand has quadrupled recently, showing a STRONG resurgence in a specific type of real estate investing.  We’ll walk through the new investor sentiment numbers, why house flipping activity could explode over the next year, one big risk hurting rental property investors, and where investing activity is pooling across the nation. In This Episode We Cover: Latest investor sentiment numbers and the one strategy that is about to have a BIG comeback The HUGE opportunity for rental property investing that most investors will miss How James made MORE money doing HALF as many flips in 2023  Low mortgage rate predictions and why investors need to get in BEFORE rates drop One serious hurdle that’s hurting rental property investors in 2024 And So Much More! Links from the Show 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 Hear Our Last Interview with Rick on BiggerNews Home Prices May Have Bottomed Says New “Investor Sentiment Survey” w/Rick Sharga ATTOM’s Home Flipping Report Book Mentioned in the Show Start with Strategy with Dave Meyer Connect with Rick: Rick's LinkedIn Rick's X/Twitter Rick's Website Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-180 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

The “silent depression” is here. Just like in 1929, the American economy is ravaged by a declining GDP, plummeting asset prices, widespread unemployment, and a completely fractured banking system. Wait…are any of those things happening today? Not quite. But, according to social media, a “silent depression” is widespread across the American economy, with high inflation, limited wage growth, and low homeownership for millennials and Gen Z. To explain the “silent depression” trend, CNBC’s Jessica Dickler is on the show, giving her take on this trend and other popular economic trends across social media. We’ll get into why younger generations feel so bad about the economy, EVEN with strong financial fundamentals, the rising cost of living across the country, and whether or not economists agree with the “silent depression” theory. And if you want to see Dave get really fired up, prepare to hear his best “you darn kids!” impression as he explains why so many young Americans are tired of older generations holding so much of the wealth.  In This Episode We Cover The “silent depression” explained and why so many Americans are financially fearful How BAD is the American economy in 2024? (is it even bad at all?) Economic depressions vs. inflation and why the rising cost of living hits so hard  Explaining other popular TikTok trends like “loud budgeting” and “girl math” Social media vs. reality and why you can’t (always) trust the internet  Dave aging instantly by thirty years during an on-air rant  And So Much More! Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-182 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

We know mortgage rates will fall this year, but how long will we have to wait? Will they get down to the fives or stay in the six-percent range? And even if the Fed lowers the federal funds rate, will this significantly impact mortgage rates? We brought on three elite lenders to get their takes on when rates will drop, how low they could go, and why waiting for lower rates is a riskier decision than you think. Caeli Ridge joins us again as our go-to investor-lender combo, and Krystle and Kenny Simpson, San Diego-based lenders, are on the show to give their viewpoints from the small investor and large commercial lens. Plus, these lenders are about to share the info on some investor loans that you may have NEVER known about—loans that other investors are taking advantage of TODAY to get deals done, even with high interest rates. Speaking of high interest rates, our lenders show mathematical proof that rates are NOT the defining factor of your real estate deal and how waiting for a half-percentage drop could cost you more than you think. Plus, the commercial real estate “bloodbath” coming for one certain sector unless local governments step in.  In This Episode We Cover: The investor loans that you’ve NEVER heard of that are being used TODAY to get deals done Mortgage rate predictions and how low rates could go by the end of 2024  The commercial real estate drop-off and why buying/selling has come to a halt  High-rate investor HELOCs you can get today that’ll cost you LESS than a thirty-year mortgage  Huge opportunity in commercial real estate as one sector becomes a “bloodbath” DSCR, non-QM, and other investor-only loans you can take advantage of NOW And So Much More! Links from the Show 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 Interview with Caeli Fannie Mae’s Mortgage Rate “Range” to Expect in 2024 and 2025 Connect with Caeli: Caeli's BiggerPockets Profile Caeli's Instagram Caeli's LinkedIn Caeli's Website Connect with Krystle and Kenny: Kenny BiggerPockets Profile Krystle's Instagram Kenny's Instagram Krystle's LinkedIn Kenny's LinkedIn Kenny's Twitter Website Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-185 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

These hot housing markets could make any investor start to sweat. You’ve been longing for some cash flow connection, but your prayers have gone unanswered. You don’t know what you’re in the mood for—a quick flip or maybe something a bit more long-term. You’re hesitant to settle down with so many options around, but waiting won’t get you what you want. Worry not; we’ve brought the hottest housing markets to you this Valentine’s Day. Enough with the promiscuous property puns. We’re breaking down Yahoo Finance’s list of the hottest housing markets for 2024, going over their top picks and telling you where we’d swipe right or left. If you’ve never had the chance to online date, now is your time to feel the digital thrill as James, Kathy, and senior producer Kailyn Bennett become your investing BFFs for the next half hour, showing you which property market has potential and which deserves nothing more than a quick flip. Some of these markets may surprise you (they surprised us!) due to their underrated potential, but just because a housing market makes the top lists DOESN’T mean it’s the right market for you. So, which areas would we love to settle down with? Stick around; you’re about to find love, listings, and leases in these markets! In This Episode We Cover: Four of the hottest housing markets in 2024 that we’d flip houses or long-term invest in The high-priced coastal market that we love…but wouldn’t buy rentals in A snowy northeast market that has low prices and big rent-by-the-room potential  A sleeper city with a big price tag but solid investing benefits The not-so-sexy market that made the number-one spot and surprised us all Unemployment rates, home prices, average rents, and top metrics you MUST check before investing And So Much More! Links from the Show 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 James' BiggerPockets Profile James' Instagram Kathy's BiggerPockets Profile Kathy's Instagram Yahoo Finance’s Top Housing Markets for 2024 Top 10 Real Estate Markets for Cash Flow in 2024 Master plan calls for more growth in downtown Toledo Connect with Kailyn: Kailyn's BiggerPockets Profile Kailyn's Instagram   Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-186 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

The Fed is putting us all in danger. With high rates, low inflation, a strong job market, and millions of Americans wishing they could buy a home (but can't), we're in a strange position. Buying a home is still unaffordable even with rising wages, but the Fed won't drop rates BECAUSE of rising wages and such strong job numbers. We're in a housing market stalemate, and all of this could have been avoided if the Fed stopped counting on old data to save them. You might think that these are wild claims, but thankfully, we've got the housing market expert of housing market experts on the show, Logan Mohtashami, to make his case. Logan's team at HousingWire tracks housing market data like no one else can. They have the most up-to-date metrics and the best forecasts in the industry and were right about this housing market, and the last one, the one before that, and…you get the point. It goes without saying Logan is the singular voice to trust when it comes to housing and the economy. Logan says the Fed is "playing with fire" by keeping mortgage rates as high as they are. They want to break the labor market, but with every number pointing to a return to normal, why should they? Logan gives his thoughts on why the Fed isn't dropping rates, the huge housing market mistake they're making, the metrics that could point to a disastrous labor market, and the harsh reality for first-time homebuyers. In This Episode We Cover: A normalizing job market and what could cause it to finally break  The Fed's massive mistake that is putting the housing market in danger Why the Fed won't lower mortgage rates yet and what they're waiting for  The devastating state of housing demand and why it shouldn't be like this in 2024 How lower-income households are getting hit the hardest, EVEN in an expanding economy  Bond market effects and why yields are staying so high  And So Much More! Links from the Show 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 BiggerPockets' Instagram The Crash Predictors Are Wrong, Here’s Why Here’s What Will Cause Mortgage Rates to Finally Fall Is The Fed Moving Fast Enough to Save Us From a Recession? The “HousingWire” Housing Market Tracker Connect with Logan HousingWire Logan's Instagram: @logan_mohtashami Logan's LinkedIn Logan's Website Logan's X/Twitter: @LoganMohtashami Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-189 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Is college worth it? Many Americans are beginning to boldly state, “Nope!” But does the growing anti-higher education sentiment point to facts or fiction around the cost of college? We invited Dr. Anthony P. Carnevale, research professor and director of the Georgetown University Center on Education and the Workforce, to the show to give us up-to-date data on the true ROI of a college degree. With America’s shockingly low college graduation rate and student loans being one of the biggest limiting factors of financial freedom for many Americans, it’s understandable why so many people are skipping college to go straight into the workforce. But the data paints an entirely different picture. Those who opt out of the traditional four-year degree system could be making a massive mistake, one that could cost them seven figures in the long run. A sum that size could be the game changer for finding financial independence. In this show, we ask Dr. Carnevale about why college has gotten so expensive, the problem with freezing tuition, which majors make the most (and the least), and whether where you go to college even matters. Plus, he shares some shocking statistics about how much a degree is worth and why one group of Americans is ditching degrees in today’s strong economy. In This Episode We Cover: Keller Williams' settlement of $70M in the NAR agent commission lawsuit and what this means for the future of agent commissions  The rise of “niche” brokers and agents and why they may THRIVE in the coming years Our crucial advice for first-time homebuyers that you CANNOT miss Commercial real estate losses and how hard IS it to get an investor loan today? (this will surprise you) New jobs report numbers that took many economists by surprise and what effect it could have on future mortgage rates And So Much More! Links from the Show 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 BiggerPockets' Instagram Hear Dave on The “BiggerPockets Money” Episodes About College Degree ROI: Is College Worth the Cost? This 30,000 Variable Study Says “Sometimes…” Why 40% of Master’s Degrees Aren’t Worth It Federal Student Loan Forgiveness Update: What Happens Now? Connect with Dr. Carnevale: Dr. Carnevale's LinkedIn The Chronicle of Higher Education Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-191 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Which investing trends could make you wealthy in 2024? First, we had long-term rentals, then the BRRRR strategy, short-term rentals, medium-term rentals, syndications…the list goes on and on. And while trends come and go, acting on them at the right time could be your ticket to financial freedom. So, which trends are worth investing in this year, and which are dying out and should be avoided? We’re giving our takes on this episode. Some of the trends in this episode are brand new—only with advanced technology have these investments even been made possible, but some are trends you may already be part of. From room rentals to very flexible commercial investments, Elon Musk’s new affordable housing, and a way to “build” your own one percent rule properties, these trends have gone mostly unnoticed but are sure to catch fire in the coming years. But, some trends that exploded over the pandemic should be put to rest. These once cash-flowing investments reached their heyday in 2022 and 2023 and are slowly becoming lackluster (and often dangerous) investments for new investors. Which tactics are we talking about? Stick around to find out! In This Episode We Cover: Future real estate investing trends that could offer BIG cash flow in 2024 and 2025 The flexible commercial real estate investment that online businesses rely on to survive Kathy’s billion-dollar idea for a match-making app using this specific strategy How to maximize your dollar per square foot by renting out PARTS of your property The new smart homes that could finally solve the affordable housing problem How to create the one percent rule (EVEN in 2024) by building your own rentals Dying trends that are seeing low cash flow, high vacancies, and tough turnover And So Much More! Links from the Show 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 BiggerPockets' Instagram Top 10 Real Estate Markets for Cash Flow in 2024 Cash Flow For Rental Properties: What is Average or Good? Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-193 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Most real estate markets in America saw huge home price growth over the past five years. Ever since the pandemic, equity and appreciation have been slingshotted to new heights, with some housing markets having over FIFTY PERCENT home price appreciation in just a few years. Today, we’re touching on the four top appreciation markets in America, all of which saw massive price jumps over the past five years, and some are even still affordable! But, if you’re like most real estate investors, you’re screaming at your screen, “What about the cash flow? You can’t bet on appreciation!” Well, we’ve already read your mind as we get into a debate over whether or not appreciation SHOULD be accounted for before buying a property and whether or not it’s better than cash flow. Surprisingly, some of our appreciation-rich experts prefer cash flow, while our cash flow market investors prefer appreciation. Stick around as we dive into the top appreciation markets in America, which ones we’d invest in, which ones may be on a downward trend, and why many Americans love the mountains so much they secretly want to be ranchers instead of nine-to-five workers. In This Episode We Cover The top four appreciation and equity growth housing markets in America How work-from-home changed the housing landscape forever  Whether or not to underwrite for appreciation when analyzing your real estate deals The signs that your real estate market is about to experience explosive appreciation A cash flow vs. appreciation debate and the surprising choice most investors would make What you MUST do before you make an appreciation bet on a rental property or housing market And So Much More! Links from the Show 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 Kathy's BiggerPockets Profile Kathy's Instagram James' BiggerPockets Profile James' Instagram BiggerPockets' Instagram Cash Flow Isn’t Dead: 4 Markets With The Highest Rent-to-Price Around Cash Flow vs. Appreciation: What Experienced Investors Know About the Debate That You Don’t Books Mentioned in the Show Real Estate by the Numbers by Dave Meyer and J Scott Retire Rich with Rentals by Kathy Fettke Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-194 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Cash flow real estate is hard to find. In almost any big city, making financial freedom-producing cash flow is becoming a pipe dream. But that doesn’t mean there still aren’t pockets of cash flow throughout the United States; you just need to know where to find them. Thankfully, we’ve done the work for you, putting together a short list of cash-flowing real estate markets with the highest rents and lowest home prices. In this episode, we’re talking about cold, hard cash flow. More interested in building equity but still want some passive income on the side? We share four different strategies ANY investor can use to find cash-flowing rental properties in ANY market. Looking for a new market? You're in luck; we’ve got a list of four top cash-flowing real estate markets—but the real question is, would WE invest in them? Finally, we’ll share our takes on whether or not cash flow is crucial, especially as it becomes harder to find. You’ll see why Kathy and Henry have stopped caring so much about mailbox money and are focusing on something much more important when building wealth. In This Episode We Cover: The four ways to find real estate cash flow EVEN in an appreciation market The cash flow “situations” to look for whenever buying a new property The argument FOR using less debt, but the big downside to consider Four cash-flowing real estate markets with high rents and low home prices Whether or not WE think cash flow is crucial for investors in 2024 The one thing that made Kathy very wealthy and why she stopped searching so hard for cash flow  And So Much More! Links from the Show 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 Kathy's BiggerPockets Profile Kathy's Instagram BiggerPockets' Instagram Top 10 Real Estate Markets for Cash Flow in 2024 Cash Flow For Rental Properties: What is Average or Good? Books Mentioned in the Show Short-Term Rental, Long-Term Wealth by Avery Carl 30-Day Stay  by Zeona McIntyre and Sarah Weaver Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-192 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Just when you thought the NAR lawsuit coverage was over, Keller Williams agrees to settle for $70M, bringing a big blow to real estate agent commissions. How will this impact buyers and sellers, and are we entering a new age of home buying where only a fraction of the real estate agents exist? We’re getting into this headline and others affecting the housing market in BIG ways in this episode of On the Market. Some agents will thrive while others barely survive in a post-NAR lawsuit world as real estate agent commissions are threatened once again. But it isn’t only agents getting hit hard this week. Banks have been “rocked” by real estate losses, primarily commercial real estate, as loans come due, but investors aren’t able to pay. One bank saw its share price slide by more than fifty percent this month as earnings reports showed a major loss from lending this quarter. Finally, it wouldn’t be a headlines show if we didn’t touch on the jobs report. This month, we’re getting a mixed bag of good for the economy but bad for rates type of numbers. Jobs are growing, and the economy is still chugging along, but will this push rate cuts back as the Fed fails to find weakness in our economy? We’re giving you our thoughts on this episode! In This Episode We Cover: Keller Williams' settlement of $70M in the NAR agent commission lawsuit and what this means for the future of agent commissions  The rise of “niche” brokers and agents and why they may THRIVE in the coming years Our crucial advice for first-time homebuyers that you CANNOT miss  Commercial real estate losses and how hard IS it to get an investor loan today? (this will surprise you) New jobs report numbers that took many economists by surprise and what effect it could have on future mortgage rates  And So Much More! Links from the Show 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 BiggerPockets' Instagram NAR Slapped with $1.8B Lawsuit Payout, Ripple Effects Could Be “Enormous” Articles from Today’s Show: Keller Williams Settlement Bank Losses January Jobs Report   Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-190 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

The biggest real estate tax deduction is coming back. That’s right—100% bonus depreciation is almost cleared for a triumphant return as the House pushed a new tax bill to the Senate, one that includes some massive tax deduction potential for real estate investors and everyday Americans alike. So, why is this SUCH a big deal? We’ve got Brandon Hall, CPA, on to break down why bonus depreciation could save you tens, if not hundreds, of thousands of dollars. Everyone knows that real estate boasts some of the best tax benefits of any investment in the nation. But, the one tax benefit to rule them all is almost always depreciation. This tax write-off lets you expense a portion of your property every year and can turn your real-life gain into a paper loss, so you keep your cash flow while avoiding taxes. But bonus depreciation is like regular depreciation on steroids. And the tax benefits can be massive. So, how do you take advantage of this huge tax write-off? What do you need to know BEFORE you take it? And should you hold off on filing before this new bill passes? We’ve got answers to all that and much more in this episode, so stick around! In This Episode We Cover: Four of the hottest housing markets in 2024 that we’d flip houses or long-term invest in The high-priced coastal market that we love…but wouldn’t buy rentals in A snowy northeast market that has low prices and big rent-by-the-room potential  A sleeper city with a big price tag but solid investing benefits The not-so-sexy market that made the number-one spot and surprised us all Unemployment rates, home prices, average rents, and top metrics you MUST check before investing And So Much More! Links from the Show 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 BiggerPockets' Instagram What Is Bonus Depreciation And How Does It Work? What is Rental Property Depreciation & How to Calculate It The Biggest Real Estate Tax Loophole You’ve (Probably) Never Heard Of w/Brandon Hall Connect with Brandon: Brandon's BiggerPockets Profile Brandon's LinkedIn Brandon's Website Brandon's X/Twitter Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-187 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

The new housing market is here, and with it comes a whole new set of real estate investing rules. Now, appreciation isn’t a given, flipping can flop, and good multifamily deals are one in a dozen instead of one in a million. This type of market can be dangerous for new real estate investors, but it can also be a massive opportunity for those who want to play the game the right way. So, please don’t ask the newly-rich gurus what their advice would be; turn to the decade-long players who have survived crashes, come back stronger, and know which deals are worth getting done. In this episode, we’ll go through the “2023 State of Real Estate Investing Report,” written by your data and sandwich savant, Dave Meyer. This report presents a window into what could happen in 2023, where the housing market stands now, and how investors can react to build real estate riches. Henry Washington, Jamil Damji, and Kathy Fettke give their own housing market predictions for the next year and prove cash is king, why on-market deals are the way to go, and how investing in “hybrid cities” can make you both equity and cash flow rich. The On the Market team will also give their thoughts on the potential commercial real estate crash that could happen in 2023. This type of movement in real estate affects all investors. Knowing about it beforehand can help you not only make money on killer deals but also help you avoid buying a property that may nosedive in value after buyers exit the market. So if you want the best data on real estate investing for 2023, this is the place to be! In This Episode We Cover The “new housing market” that’s forming and how investors can take advantage Why cash is king and how low competition and high rates can help you buy rental property steals Why “buying deep” combined with seller financing can make you a killing in 2023 Whether house flips will flop in 2023 and how inexperienced investors could get burnt The “hybrid cities” that offer investors cash flow AND appreciation in one place Commercial real estate and the multifamily price crash that could be on the table in 2023 And So Much More! Links from the Show Find an Investor-Friendly Real Estate Agent 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 The 2023 State of Real Estate Investing Report On The Market Podcast 65 with Ben Miller (Liquidity) On The Market Podcast 71 with Brian Burke (Multifamily Crash) BiggerPockets Real Estate Podcast 721 with Scott Trench (BiggerPockets CEO)   Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-73 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

The “frozen” housing market is about to get blowtorched as competition is set to heat up in 2024. With lower mortgage rates, bigger investor tax benefits, positive economic sentiment, and tight inventory, homebuyers will need to act fast unless they want to make the same mistakes of 2021 and 2022. Are the bidding wars and price hikes coming back? Will we look back at 2023 as an “affordable” time to buy a house? Welcome to the first On the Market Headlines Rumble Show! We’re putting Dave, Henry, James, and Kathy in a metaphorical cage match as they each bring hard-hitting headlines to knock each other out with bigger and better news. No physical punches will be thrown, but psychological piledrivers will be aplenty in today’s show. We’ll talk about the “frozen” housing market reigniting in 2024 due to stiff competition, low inventory, and falling mortgage rates. Next, why Americans are giving up on college degrees and going straight into employment. A MASSIVE investor tax write-off could make a comeback as bonus depreciation goes BACK on the legislative table. Plus, why Blackstone, everyone’s favorite hedge fund, is buying BILLIONS of dollars in housing in the US and Canada.  In This Episode We Cover: Housing market competition and what could cause higher prices, bidding wars, and more seller power A 100% bonus depreciation comeback and whether investors should bet on bigger write-offs Sinking college confidence and the surprising statistics showing Americans’ lost faith in higher education New housing starts numbers that could signal even MORE competition to come Blackstone’s $3.5 BILLION bet on the American (and Canadian) housing market Newest consumer sentiment survey results showing a surprising change of tune for Americans And So Much More! Links from the Show 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 Frozen Housing Market Invitation Homes Rent-Gouging Mortgage Applications Soar College Degrees Tax Breaks and Depreciation Single-Family Construction Starts Blackstone Consumer Sentiment Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-183 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

There have been a lot of market crash predictions over the past few years. Since the 2020 flash crash and subsequent asset price skyrocketing, investors have always had an inkling that this wouldn’t last. Once inflation hit decade-long highs, the Fed stepped in to quell constant price pumping, but that came with even higher mortgage rates. Now, commercial real estate investors and everyone else with short-term financing are stuck in a bind. Once these loans come due, they’ll either have to pay them off, refinance, or face foreclosure. So, what happens next? While Dave Meyer and James Dainard are housing market experts, neither know macroeconomic data as well as Fundrise’s Ben Miller, whose job is to predict market patterns and make the best investing decisions. Last time we talked to Ben, he hit on the “Great Deleveraging,” which would force a massive commercial real estate crash, but today he’s talking about bank failures, a financial collapse timeline, and what he’s buying as soon as the market drops. The wealthiest in America know that market crashes and financial collapses aren’t a time to worry; they’re a time to make millions! Ben shares the markets with the most opportunity, how to pick up properties for dimes on the dollar, and why hoarding cash during a time like this isn’t such a bad idea. So don’t fear market downturns like this; take advantage of them! In This Episode We Cover The “Great Deleveraging” explained and why commercial real estate prices will fall fast  Bank collapses and what happens when liquidity starts to run dry  Quantitative easing and whether the Fed will continue to inject the market with money Assets to keep an eye on during the crash and what Ben is buying Loans, lending, and what investors can do when banks won’t fund their deals   Market crash predictions and when Ben expects the situation to escalate  And So Much More! Links from the Show 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 Post-Pandemic Boom Markets to Cool Off “Sharply” What High Mortgage Rates Did to The Housing Market Things are getting really weird in the housing market Deleveraging: The Dominoes are About to Fall Commercial Real Estate Could Crash, But Are Everyday Investors Impacted? The “Catalyst” That Could Cause The Economy to Fall Listen to “Onward, a Fundrise Production” Connect with Ben: Ben’s Twitter Ben’s LinkedIn Ben’s Email Ben’s BiggerPockets Profile Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-109 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

The housing market REFUSES to slow down. Last year, homebuilders had a bleak outlook for 2023 home buying, but now, not even halfway through the year, they’ve reversed their sentiment with high hopes that demand stays red hot. How is this even happening? With mortgage rates higher than they’ve been in years and barely any inventory on the market, wouldn’t buyers take the hint and let their foot off the gas? We brought back John Burns from John Burns Research and Consulting to give us some answers. John’s team has some of the freshest housing market data available. With over 1,000 research contracts a year, they’re constantly talking to homebuilders, buyers, flippers, and everyone in the home-buying process. John touches on household formation and why millennials are saying “no” to roommates, even as prices rise. He’ll also talk about where Americans are moving, what’s causing construction costs to come down (but also grow?), and why the Fed is failing to kill the housing market. Also, if you want to give a hand to the generation helping young buyers the most, it seems that baby boomers are having an unexpectedly significant role in propping up the economy. We’ll also get into new affordable housing projects that could bring more starter homes on the market. Want to know John’s thoughts on what could happen in the housing market over the coming months? Stick around! In This Episode We Cover Why high mortgage rates HAVEN’T killed the housing market yet  American migration and which states are starting to see stagnating populations  Multifamily rent updates and why tenants may have the upper hand New builds, cheaper material costs, and why your next home may be a new construction  INSANE debt-to-equity stats that highlight why homeowners refuse to sell  New affordable housing projects that could give homebuyers better options  And So Much More! Links from the Show 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 31 with John Connect with John: John's Company LinkedIn John's Twitter John's Website Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-110 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Home sales have been falling fast since interest rates rose last year. After a spree of house shopping and record-low mortgage rates, homeowners sit comfortably in 2023. They’ve got affordable monthly payments, a home that is (probably) bigger or better than their last one, and expect a potential recession sometime soon. So why would today’s homeowners give up all that security to buy in a hazardous market? Mark Fleming from First American has been trying to uncover the answer. Mark serves as Chief Economist for First American, one of the United State’s leading title companies. Mark’s job is to predict and forecast the housing market, home sales, and buyer activity. And in 2023’s topsy-turvy economy, this is becoming a little more difficult. Mark has built a model to help predict home sales, looking at key factors like household formation, affordability, current mortgage rates, demographics, and more. And he’s got some interesting findings to share. The days of low interest rates and property upgrading may be over. Homeowners are now staying in their houses for twice as long, holding off on buying their next home until favorable conditions arise. But, this creates a “prisoner’s dilemma” for home sellers and buyers. With most of the United State’s potential property inventory sitting in the hands of those who refuse to sell, we’re answering, “What happens next?” in this episode. In This Episode We Cover Home sales predictions and what happens when there is NO available inventory  Loose monetary policy and how low interest rates caused an affordability spike  Two critical factors that drive the market to soar or slump  Home turnover and why today’s homeowner is “locked-in” and refusing to move The “prisoner’s dilemma” that’s caused the housing market to stagnate  A return to the “new normal” and what future homebuying could look like  And So Much More! Links from the Show 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 Inventory Shortage Could Continue As Interest Rates Rise and Homeowners Feel “Locked-In” Connect with Mark: First American REconomy Podcast Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-112 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Housing market forecasts, affordability false flags, forty-year mortgages, and a baby boomer shopping spree. Today, we’re touching on anything and everything affecting the housing market as the full On the Market panel joins Dave Meyer to answer YOUR most-asked questions. Dave has been collecting questions from viewers to have a rapid-fire question-answering round with some of today’s top real estate investing experts. If you want to know what will happen next in the housing market, tune in! We invited the whole crew to give their opinions on today’s investing market. We’ll talk about whether the real estate market’s “crash” is tied to stock performance, affordability and how ADUs (accessory dwelling units) may have shot home prices even higher, and the new forty-year mortgage and whether or not it’s a safe option for everyday home buyers. But, we’re also peaking into our crystal balls to give some BIG housing market predictions for the next few decades. Kathy talks about how average home prices could hit seven figures (seriously!) within our lifetime and why buying now may be your last chance to snag an “affordable” home. Then, to wrap things up, our expert guests share which asset class they’d invest in TODAY that could lead to a HUGE payoff in just a few years. The market is changing; stick around so you’re not left behind! In This Episode We Cover What we’d invest in TODAY that could see HUGE profits in the next few years Finding the housing market’s bottom and whether or not we’ve already hit it Housing affordability and why ADUs (accessory dwelling units) may have hurt home buyers A thirty-year real estate prediction and how high home prices could get The new forty-year mortgage, who’s applicable to get one, and affordable loan options Baby boomer buyers, rising birth rates, and demographic trends that could seriously affect the market  Mortgage rates explained and why lenders won’t undercut their competition And So Much More! Links from the Show 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 Jamil's BiggerPockets Profile Jamil's Instagram Henry's BiggerPockets Profile Henry's Instagram James' BiggerPockets Profile James' Instagram Kathy's BiggerPockets Profile Kathy's Instagram Hear Our Interview with Chris Martenson Housing is Unaffordable, But Could It Actually Get Worse? Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-114 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Asset allocation is arguably the most crucial step in building wealth. While most people think just buying rentals is enough, having the money set aside to protect those rentals, and subsidize your business during rough markets, can make or break your real estate portfolio. In the last crash, those entirely in real estate saw their wealth dwindle to nothing while diversified investors held strong, scooping up deals at a steep discount, making millions in the coming decade. Now, with many investors fearful that we’re on the edge of another crash, James Dainard and Kathy Fettke have stepped in to give advice only multi-decade millionaires know of. Dave, James, and Kathy will be breaking down their exact investment portfolios, walking through what they own, what they don’t, and how they structured their wealth to stay safe without stagnating. They’ll also share their advice on what to invest in TODAY, how to diversify your portfolio so you don’t get liquidated in the next crash, what they’d buy with $100,000, and “risk-free” investments like bonds still boasting favorable returns. Whether you’re just starting to invest or are looking to optimize your passive income, this episode is for you! In This Episode We Cover Asset allocation 101 and why it is SO crucial to building (and keeping) wealth  Revealing our multimillion-dollar investment portfolios and how we designate our dollars Kathy’s short-term rental bet and house hacking EVEN while you’re financially free Geographic diversification vs. asset diversification and whether the market or asset matters more Protecting yourself during a real estate crash and what James wishes he did last time Bonds and “risk-free” investments that could give you a stress-free return And So Much More! Links from the Show 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' Instagram James' BiggerPockets Profile Kathy's BiggerPockets Profile Kathy's Instagram The Biggest Real Estate Tax Loophole You’ve (Probably) Never Heard Of How Much Investment Diversification Is Right for You? Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-116 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

The next foreclosure wave is already brewing. Over the past few years, monetary moves and rash home buying decisions were made that could cause even more foreclosures to hit the market. The question is, which markets will face the most foreclosures, and how low will prices go? But that’s not all; foreclosure competition has started to spike as a new type of buyer enters the market for these deeply discounted properties. And if you want to know about foreclosures, discounted properties, and data on the markets with the biggest price cuts, Daren Blomquist from Auction.com is your man. As VP of Market Economics, Daren knows where the foreclosure market is moving before the masses do. In this episode, he gives his take on the next “wave” of foreclosures that could be headed our way, when it will hit, and the investing areas already feeling the effects. Daren also talks about the unexpected buyers entering the foreclosure market and how they could put investors at the back of the line for discounted deals. And if you’re in this specific state, prepare for your properties to be placed at open auction, as investors are forced to wait to acquire the foreclosure properties they rightfully won. Make no mistake; there are MANY deals out there for investors, but competition could start to heat up fast!  In This Episode We Cover The “seeds of a bigger foreclosure wave” that are about to sprout Buyers bounce back and why the housing market and home prices have been so resilient A rise in foreclosures and what’s causing a steady uptick in homeowners forfeiting their houses New foreclosure laws that could make it even harder for investors to buy discounted properties Markets facing the deepest foreclosure price cuts Recession predictions and whether or not this will force even more foreclosures And So Much More! Links from the Show 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 Biggest Real Estate Tax Loophole You’ve (Probably) Never Heard Of How Much Investment Diversification Is Right for You? Hear Our Previous Interview with Daren Connect with Daren: Auction.com News Daren's LinkedIn Daren's Twitter Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-118 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

The housing market is stuck. Stubborn homeowners with low rates refuse to move, even as demand starts to pick back up. Homebuilders are driving ahead with more new construction homes, but is it too late to deliver the supply we so desperately needed only a year or two ago? Where is the housing market moving next, and how long will we be stuck in this standoff? Ivy Zelman from Zelman & Associates successfully predicted the last housing crash, so what does she have to say about today’s market? Ivy is a thought leader in the real estate research space. Her credibility has been showcased repeatedly as her team accurately forecasts numerous housing market moves. Constantly on the phone with institutional buyers and builders, Ivy tends to know what’s happening before even the top forecasters. In this episode, Ivy gives her opinion on today’s housing market, why buyers and sellers are “stuck,” and whether or not the “underbuilding” problem is even an issue as demographic trends start getting dangerous. She also shares which real estate markets are in the most danger, the concerning catastrophe facing many southern states, and the markets she’s most bullish on that could withstand the test of time. But, more importantly, Ivy shares her thoughts on whether or not real estate is still worth investing in and why it may be time for landlords to diversify into other assets that don’t come with such a considerable risk. In This Episode We Cover The single greatest danger affecting the housing market in 2023 The new vs. existing home challenge and why homeowners are stuck in place Affordable housing and why the “underbuilding problem” isn’t what you think it is “Tremendous” competition for rentals and which investors should be concerned Underrated housing markets that are seeing strong demand and demographic tailwinds 2008 vs. 2023 and whether another housing crash is even feasible in today’s market And So Much More! Links from the Show 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 Jamil's BiggerPockets Profile Jamil's Instagram Hear Our Last Interview with Ivy Connect with Ivy: Ivy's Email Ivy's Website Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-113 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Home prices could become affordable without any of us noticing. In fact, home prices don’t even have to fall for the housing market to enter into a mild correction. With affordability hitting lows that we haven’t seen since the seventies and eighties, what could save today’s home buyers from paying for one of the most expensive mortgage payments of all time? Something must be done. And thankfully, it might already be happening. If you want to know the truth behind silent housing corrections, market-abandoning buyers, and where we could be headed, you better ask Andy Walden from Black Knight. We brought Andy on the show to talk about everything from mortgage rates to unaffordability, delinquencies, foreclosure fears, and what can be done to help our home buyers. Andy spends all day, every day, playing with some of the most vital proprietary property data sets imaginable, and he has an answer to almost every question. In this episode, Andy speaks on the housing market correction that could happen without home prices falling, why more home buyers are leaving the market, how mortgage rates could fall without the Fed’s input, and what could cause delinquencies to finally rise. In This Episode We Cover The silent housing correction and what could cause affordability to rise Mortgage rate lock activity and why we’re hitting all-time lows for home buying Bond yields, mortgage spreads, and how rates could fall without the Fed intervening  The housing inventory crisis that’s causing home prices to stagnate Delinquency forecasts and two big events that would put homeowners in a tight spot And So Much More! Links from the Show 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 the Latest Mortgage Monitor What Is a Housing Market Correction and How Does It Really Impact You? Connect with Andy: Work with Andy and His Team Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-115 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Looking for housing markets with population growth, new jobs, rising home prices, and unlimited profit potential? If so, you’re in luck! In this episode, we’ll reveal four of our favorite “comeback” housing markets primed to explode over the next few years. Thanks to the recent housing correction pushing home prices lower, some top investing areas are sitting on suppressed prices that might not last long. So, what are our top markets? First, we head down south to talk about an explosive city that tanked in property pricing but now looks like a strong buy. Then, we’ll head to the Silicon Slopes to break down why this new tech hub (and ski city) boasts some surprising metrics that could mean more money for rental property investors. From there, we’ll enter into the dense forest and fog of an iconic city that isn’t even close to past its prime. Finally, we’ll finish with a nugget of wisdom from Dave on why this “fast food city” might be worth more than its munchies. So, if you’ve been preparing for your next out-of-state investment or are just looking for a market that’ll bring you long-term growth, tune in to hear where our experts are planning their property purchases! In This Episode We Cover The four most promising comeback housing markets of 2023 Market metrics you should look for when analyzing a real estate investing area Tech’s potential hiring boost and why public layoffs won’t last forever The surprisingly strong city that is seeing rock-bottom days on market and bidding wars Following big businesses and why you should look for job growth BEFORE you invest And So Much More! Links from the Show 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 Kathy's BiggerPockets Profile Kathy's Instagram What An Analysis Of 295 Housing Markets Told Me About The National Market The 8 Worst and Best Housing Markets in The US (2023 Edition) Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-117 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

We’re here with a HUGE student loan forgiveness update. Since President Biden was elected, those with student loans have been hoping and praying to have a sizable chunk of their debt wiped away. Tens of millions of borrowers would have been impacted, helping free up cash for those that need it most. But, on the other hand, taxpayers were staring at a $400B bill to forgive just a fraction of the student loan debt in America. The economic implications of student debt relief passing would have been huge, but a more significant economic impact could continue for borrowers. We’ve brought back Sarah Ewall-Wice, Political and Economics Reporter at CBS News, to give us a full student loan forgiveness update, break down what exactly happened in the Supreme Court, and what we must prepare for now that student debt relief is off the table. But, if you were banking on your loans being forgiven, fret not; a new plan may already be underway to give those with student debt another chance at redemption. Sarah walks through the legal battle the Biden Administration brought forth to get debt relief passed, what will happen to graduates now that the bill has come due, and whether or not defaults could increase across the board as a result. Dave and Sarah will also debate why a solution to rising college costs hasn’t been conceived and what you should do NOW if you have student loan debt. In This Episode We Cover A federal student loan forgiveness update and what will happen next Why the Supreme Court decided to axe the debt relief plan (it’s not what you think) Resuming student debt payments and what graduates need to do NOW Whether or not defaults across credit cards and mortgage payments could increase as a result The true cost of college and why unaffordable education MUST be tackled And So Much More! Links from the Show 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 Past Interview with Sarah on US Debt Connect with Sarah: CBS News Sarah's Instagram Sarah's Twitter Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-120 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

One real estate market is ready to explode, haunted houses and “dark tourism” become all the rage, tiny homes are the new affordable housing, and multifamily investors find colossal cash flow with homeless housing. It’s halfway through 2023, and no real estate investing opportunity can be taken for granted. Long gone are the times of buying any house and counting on cash flow to come through every month. If you want to know the REAL ways to make money in real estate, this is the episode for you! We’re back with the full On the Market podcast panel, as Henry, James, Jamil, and Kathy bring in news stories affecting real estate investors nationwide. First, Henry talks about a “micro-home” community of tiny houses helping home buyers lock in a mortgage for almost half the average cost. Then, James touches on California’s consistent struggle with homelessness and how multifamily investors can profit by building safe spaces for those that need a helping hand. Kathy brings the inside scoop on a new resort development that could shoot one city’s home prices through the roof. Finally, Jamil makes us all feel slightly uncomfortable by mentioning “dark tourism” and how buying haunted houses could give you a huge ROI as tourists beg to be terrified. If you want to know about all the unconventional yet high-profit housing market opportunities, stick around! In This Episode We Cover The rise of haunted house investments and the surprising profits of “dark tourism” Tiny houses, “micro-homes,” and other affordable housing options home buyers are looking for How to get paid by providing housing to the homeless IF you own this type of rental The new resort development that could cause home prices to explode in this ski town  Why the government WANTS investors to turn vacant land into low-income housing And So Much More! Links from the Show 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 Jamil's BiggerPockets Profile Jamil's Instagram Tiny Homes, Huge Profits: $6,000 a Month from 1 Property! 5 Tips for Owning Low-Income Rentals Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-122 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Thought we were done with mortgage rate hikes? Not so fast. The Fed always has time to get mad about something else and push interest rates even higher. This time, a surprise job report makes the Fed furious and could lead to a much more difficult housing market for investors and homebuyers. But this news isn’t all we’ve got on this episode. We’re touching on some of the biggest stories across the housing market, summing them up, and sharing them with you so you can bob and weave with the ever-changing economy. Want to invest in real estate with just a thousand bucks? If so, you’re NOT in luck because one prominent real estate crowdfunding platform has just gone bankrupt. But don’t worry; it’s not all doom and gloom. The new jobs report is painting a stellar economic picture but could lead to you having a more expensive loan. And for those that own short-term rentals, one housing market forecaster is predicting a mass sell-off due to Airbnb host income declining. Finally, we’ll talk about home prices, whether they’re actually falling or not, and how home buyers are STILL bidding even during some of the lowest affordability we’ve ever seen. Keep your pulse on the property market; tune into this week’s real estate roundup! In This Episode We Cover Short-term rental stagnation and why hosts are seeing income dwindle  Whether or not a massive vacation home sell-off could come to the housing market Mortgage rate hikes, new job numbers, and why the Fed is furious again  PeerStreet’s recent bankruptcy and what this means for crowdfunding investors  The half-truth of home prices “falling” and why some markets are still seeing bidding wars  And So Much More! Links from the Show 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 Henry's BiggerPockets Profile Henry's Instagram Federal Student Loan Forgiveness Update: What Happens Now? Airbnb Income Home Prices PeerStreet Goes Bankrupt Rate Hikes and Jobs Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-124 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Need housing market predictions? We’ve got them. Unfortunately, they may not be exactly what you want to hear. While most landlords hope and pray that mortgage rates will head down and the housing market will finally open back up, reality paints a much different picture. With inflation still high and the Fed refusing to budge on rates, we could be in for a wild ride over the next six months. So, what will unfold before the clock strikes midnight at the end of 2023? Stick around and find out! We brought in the heavy hitters for today’s episode. J Scott, syndicator and author of numerous best-selling real estate books, but most importantly Real Estate by the Numbers, brings his stoic and scarily accurate take to the podcast. But that’s not all. BiggerPockets CEO Scott Trench joins us to give his investor, executive, and homeowner opinion on what’s happening in the housing market. Of course, Kathy Fettke, multi-decade investor and syndication expert, brings her unique view from booming markets. We’ll go over the housing market, inflation, interest rates, unemployment, and the overall state of the economy in this show. From explaining why the Fed will either drop or raise rates this year to examining the impact of a potential recession, then discussing the somewhat cherry-picked stats chosen by the Fed, this episode goes MUCH deeper than real estate, and you could get caught off guard this year if you don’t know what’s coming. In This Episode We Cover: 2023 housing market predictions and why “things are going to be messed up” for years to come Why mortgage rates could fall (or rise) and what could cause the Fed to move  Unemployment stats and why the “gig economy” could be in danger  False inflation numbers and what will force inflation to drop, then spike, this fall The commercial real estate crash and why multifamily investors could see a profitless next few years  And So Much More! Links from the Show 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 Hear Our Interview with Fed Expert, Nick Timiraos Books Mentioned in the Show Real Estate by the Numbers by J Scott and Dave Meyer Connect with J: J's BiggerPockets Profile Everywhere Else Connect with Scott: Scott's BiggerPockets Profile Scott's Instagram Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-126 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Artificial intelligence (AI) like ChatGPT might not be great at writing podcast intros, but when it comes to building a rental property or real estate portfolio, these platforms produce far more help than harm. While most of the general public uses AI to write poems about their dog or history papers for class, real estate investors are harnessing this technological power to buy more properties, outsource simple tasks, and reach sellers faster than ever. Want to do the same? You’ll have to stick around! For years, our panel of real estate experts have been using AI, automated apps, and software to grow their portfolios to new heights. And, even if you don’t own thousands of rentals or do hundreds of fix and flips a year (like James), you too can use this real estate tech to make your life easier, spend less time working, and focus more on what your business needs from YOU. In this episode, Dave, James, Jamil, and Kathy will go over exactly how they’re using AI platforms such as ChatGPT, the systems and software they’ve implemented into their own businesses, whether or not more automation could threaten jobs, and how you, even as a small investor, can leverage the same tech top investors use to build wealth faster! In This Episode We Cover Why ChatGPT may be good at everything but writing podcast intros Using AI platforms to create job descriptions, outreach to sellers, and take menial tasks off your plate Whether or not AI has the potential to kill jobs in the real estate sector The “job evolution” that is waiting for those who can embrace new technology The EXACT software, systems, and apps we’re using to grow our real estate portfolios And So Much More! Links from the Show 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 Jamil's BiggerPockets Profile Jamil's Instagram Kathy's BiggerPockets Profile Kathy's Instagram Basecamp ChatGPT Follow Up Boss Infusionsoft (Keap) Monday.com Ninety.io Salesforce Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-119 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

The Federal Reserve could be steering us straight into the next great recession. After decades of monetary and fiscal debacles from quantitative easing to safeguarding big banks that hurt everyday Americans, it seems almost everyone wants the Fed to be taken apart and rebuilt or shipped away, never to have economic sway again. Grave mistakes have been made over the past two decades, many of which will have unfathomable consequences for today’s economy. So, can the Fed do ANYTHING to save us? Enough with the speculating. We brought former Advisor to The Federal Reserve Bank of Dallas, Danielle DiMartino Booth, to tell us what happens behind closed doors. Danielle was there at the beginning of quantitative easing, fighting back against a program she knew would lead to a weak economy. Now, as Danielle puts it, “everything has come home to roost,” as quick decisions made in the last financial crisis put us in a massive economic bind. This is NOT good news for real estate investors; those buying today could be in serious trouble in years to come. Throughout today’s episode, Danielle gives us her take on how the Fed could fix itself, current actions Jerome Powell, Chair of the Fed, has put into place to correct the course we’re on, and whether or not a “soft landing” is possible as the American economy heads into a recession. Finally, Danielle gives her advice on what real estate investors should do and why those exiting the market might be smarter than the rest of us. In This Episode We Cover Massive mistakes the Fed made during the Global Financial Crisis that we’re paying for today Quantitative easing explained and why “money printing” is so dangerous to the economy  The “dual mandate” that’s making the Fed’s job almost impossible to achieve  Recession predictions and whether we’ll face a soft landing or hard crash  Why smart real estate investors are hoarding cash and refusing to buy  False job data and why the unemployment rate is about to get even worse  And So Much More! Links from the Show 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 Book Mentioned in the Show: Fed Up by Danielle DiMartino Booth Connect with Danielle: Danielle's Substack Danielle's Twitter Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-121 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Need rental property financing? What about an investor loan that won’t stop your cash flow? It’s tough in 2023. With high mortgage rates and many veteran investors predicting a commercial crash, finding funding for your deal might seem impossible; but you’re probably looking for loans in the wrong place. Novice investors run off to the same lender that helped them get their primary home loan, while experienced investors know of loan products that most couldn’t even dream of.  To help get you a better mortgage, at a better rate, with less financing fatigue, is Caeli Ridge from Ridge Lending Group and Tim Herriage from RCN Capital, two of the most prominent investor lenders in the nation. Caeli and Tim know which loans work best for which investor, property, strategy, and price point. In this episode, they’ll review loan products that could help you score better deals with fewer headaches, explain why today’s high interest rates won’t last, and uncover the REAL reason investors are giving up their low mortgage rates for more expensive mortgages. Caeli also goes in-depth on a new type of HELOC/home loan with lower interest costs that could benefit you IMMENSELY over the life of your loan. Tim also shares why he believes there WON’T be a commercial real estate crash and how financing investment properties could get even easier. If you’re waiting to invest or want some signal that lower mortgage rates are returning, this episode is for you! In This Episode We Cover Investor-only loans that’ll help you build a real estate portfolio faster  Mortgage rate predictions and why top lenders don’t think high rates will last  Portfolio loans, blanket loans, and DSCR (debt service coverage ratio) loans explained  A new type of HELOC that leaves you with a lower interest rate  The commercial real estate “crash” and why top lenders DON’T think it’ll happen  Where to find the perfect investor-friendly lender for your next property  And So Much More! Links from the Show 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 Connect with Caeli and Ridge Lending: Ridge Lending Website Ridge Lending Email Phone: Call 855-74-RIDGE Connect with Tim and RCN Capital: Tim's BiggerPockets Profile Tim's Socials RCN Socials RCN Capital Website Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-123 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Buying a home might not be the best idea in 2023. You’ll have to go through a few challenges to get one under contract. First, find a homeowner who wants to sell their home; you’ll need to convince them that ditching their low rate is worth the price. Then, secure funding; but with even the best home buyer loan, you’ll probably be stuck with a seven percent rate. Wouldn’t it be easier just to rent and invest the rest of your money? According to Daryl Fairweather, Ph.D., Chief Economist at Redfin, that’s precisely what you should do. New data has shown that with home affordability at historic lows, now isn’t the best time to buy a primary residence. But where would you find the inventory even if you wanted to buy? “Locked-in” homeowners are refusing to part ways with their properties, and nobody can blame them. But, there are still a few metro areas worth buying in, and if you live in, or are moving to, one of these areas, you could be in luck. But Daryl doesn’t just explain the buying vs. renting debate. She also talks about buyer demand and its recent drop-off, mortgage rate predictions and what we can expect rates to get down to, risky real estate markets facing natural disasters, and news for real estate agents that could change how commissions are paid and collected. In This Episode We Cover Renting vs. buying and which is a better bet in 2023 Affordability, buyer demand, and why renting may be the only option for many Mortgage rate predictions and how low rates could go in the near future Insurance headaches from California and Florida and why insurers AREN’T signing new policies Migration patterns and where Americans are moving as home prices remain high New real estate agent commission news that could change who pays an agent for buying or selling a property And So Much More! Links from the Show 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 Get Access to Unlimited BiggerPockets Audiobooks and Ad-Free Podcast Episodes Renting vs. Buying a House: Which Makes More Sense Connect with Daryl Daryl Instagram Daryl LinkedIn Daryl Twitter Redfin News Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-125 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Real estate agents had it made over the past two years. When mortgage rates were low, buyers lined up to make bids, sellers were ready to upgrade, and properties were flying off the shelves. For almost any agent in any market, business was booming, and it seemed like it wouldn’t ever stop. Then mortgage rates began to rise, monthly payments became dangerously unaffordable, and the agents looking for easy commissions disappeared. But what if an industry expert told you there was still hope to help buy and sell homes? Nick Bailey, President and CEO at RE/MAX, has been in the real estate business since he was a teenager. After buying the building his local pizza shop operated in, Nick went on to house hack in college, building an impressive career at not only RE/MAX but Century 21 and Zillow. He understands the agent business better than anyone and wants YOU to know the secrets to success. In today’s episode, Nick touches on the shocking statistic that most real estate agents fail, why average agents are struggling in today’s market, how homebuyers can get around today’s high fixed interest rates, and the one thing you NEED if you want to take home consistent commission checks. In This Episode We Cover: Fixed-rate vs. adjustable-rate mortgages and new loan products that put buyers in a better position Market trends and why fix and flippers are becoming (temporary) rental property owners Why most real estate agents fail (and the steps to success that top agents follow) How to find a great agent, whether you’re a first-time home buyer or investor Niching down and why modern agents will FAIL if they can’t find their focus Why agents MUST do more than sell real estate to build wealth  And So Much More! Links from the Show 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 Books Mentioned in the Show The Agent's Edge by Jordan Cohen Connect with Nick: Nick's LinkedIn Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-127 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

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 advertise@biggerpockets.com. 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 advertise@biggerpockets.com. 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 advertise@biggerpockets.com. 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 advertise@biggerpockets.com. 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 advertise@biggerpockets.com. 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 advertise@biggerpockets.com. 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 advertise@biggerpockets.com. 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 advertise@biggerpockets.com. 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 advertise@biggerpockets.com. 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 advertise@biggerpockets.com. 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 advertise@biggerpockets.com. 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 advertise@biggerpockets.com. 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 advertise@biggerpockets.com. 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 Connect with Anna: Anna on Bloomberg Anna's LinkedIn Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-137 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. 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 advertise@biggerpockets.com. 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 advertise@biggerpockets.com. 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 advertise@biggerpockets.com. 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 advertise@biggerpockets.com. 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 advertise@biggerpockets.com. 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 advertise@biggerpockets.com. 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 advertise@biggerpockets.com. 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 advertise@biggerpockets.com. 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 advertise@biggerpockets.com. 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 advertise@biggerpockets.com. 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 advertise@biggerpockets.com. 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 advertise@biggerpockets.com. 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 advertise@biggerpockets.com. 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 advertise@biggerpockets.com. 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 advertise@biggerpockets.com. 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 advertise@biggerpockets.com. 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 advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

If you want to build a real estate portfolio or make more money off of your current portfolio, there are three steps you need to follow. Real estate investing experts who built massive passive income have used these three steps for decades without even knowing it. Now, Dave Meyer is sharing them with you so you can build wealth, find financial freedom, and live the life you love. In his newest book, Start with Strategy, Dave goes over three crucial steps that the most successful investors have taken either before or while building their real estate portfolios. Today, we’ll walk through all three steps, helping you design the life you want to live BEFORE you buy investment properties, pick out EXACTLY which properties will help you get there, and learn how to make the most money with the least properties possible. No matter what stage you’re at in your investing journey, these three steps can help you hit your goals MUCH faster. If you want to build wealth in 2024, pick up Start with Strategy and use code “START177” at checkout to get 10% off PLUS pre-order bonus content! In This Episode We Cover: Latest homeowner equity numbers that put owners and sellers in an even better position The most and least home-equity-rich housing markets in America Foreclosure risk and how “negative equity” completely flipped since the Great Recession The rise of “accidental investors” who are keeping more housing supply to themselves Molly’s strong mortgage rate prediction and where she thinks rates will be by the end of this year Whether or not equity could explode once again as buyers get back into the market And So Much More! Links from the Show 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 Grab “Start with Strategy” and Use Code “START177” at checkout for 10% off! Every Strategy I Used To Build My Portfolio for Financial Independence Book Mentioned in the Show The Paradox of Choice by Barry Schwartz Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-177 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Did immigrants help keep landlords afloat during this tough housing market? New data may be pointing to just that. Today, we’re discussing one rarely mentioned housing market factor—immigration and immigrant renters. We’re talking about documented AND undocumented immigrants, asylum seekers, and what the effect of the massive influx in immigration has been on the renting market. John Burns from John Burns Research and Consulting, joined by VP of Demographics Eric Finnigan, is back on the show to discuss immigration, household formation, migration patterns, mortgage rates, and the effects each of these factors has on the housing market. With immigration exploding (we’re in one of the largest immigration years EVER), the next obvious question is: how is this affecting rents/available homes? John and Eric bring in new data to share how immigration may have “bailed out” landlords during the worst parts of the market. But that’s not all. We also touch on John Burns Research’s newest house-flipping survey and how flippers are surviving (thriving?) in today’s market. Why are builders becoming more bullish on the housing market? And could the recent mortgage rate cuts open the spigot of homebuyer demand in this already supply-constrained market? We’re digging into the data that answers these questions in today’s show. In This Episode We Cover The newest immigration and housing data pointing to some surprising conclusions for landlords Why immigrants crossing the southern border are NOT just settling in border towns How immigrants may have “bailed out” multifamily investors struggling to fill units New multifamily supply and why builders are becoming more bullish in today’s market Whether or not lower mortgage rates will lead to higher home prices  The state of house flipping in 2024 and whether flippers are still making money And So Much More! Links from the Show Join the Future of Real Estate Investing with Fundrise Join BiggerPockets for FREE  Find an Investor-Friendly Agent in Your Area Dave's BiggerPockets Profile U.S. Immigration Crisis: What It Really Means for Housing Markets and Investors Get on the List for John Burns Research: jburns@jbrec.com Fix and Flip Survey Master the Real Estate Formulas Before You Buy with “Real Estate by the Numbers” Jump to topic: 00:00 Intro 02:11 Immigration is Exploding  04:59 Why “Households” Matter 06:40 Immigrants Boost Demand 08:50 Landlords Got “Bailed Out” 11:47 MORE Multifamily Development? 15:58 Mortgage Rate Cut Implications 23:37 Are Flippers Surviving?  29:06 Grab the Data! Check out more resources from this show on BiggerPockets.com and  https://www.biggerpockets.com/blog/on-the-market-258 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

America is experiencing a strange housing supply problem. On one hand, we don’t have enough housing supply nationally; on the other, we have too much housing supply in cities like Austin and Fort Myers, and as a result, these cities are seeing significant rent declines. Meanwhile, rents are still going strong in much of the Midwest, as their supply-constrained markets give landlords and real estate investors the upper hand. But, even in the “oversupplied” markets, is there a chance for rent price redemption in the future? We brought on BiggerPockets’ own Market Intelligence Analyst, Austin Wolff, to share his latest findings on housing supply. Austin talks about why rents are growing in some parts of the US but declining in more oversupplied markets. But with the slowing down of construction, will these oversupplied markets become undersupplied? Will landlords in these markets be happy they held onto their properties in a few years? Austin also shares the exact market he’s making his first real estate investment, which boasts high demand but has yet to see a significant supply bump for his asset class. Does higher supply always mean lower rents? Not quite, and we’ll get into why in this episode! In This Episode We Cover The state of our 2024 housing shortage problem and why we may be under and oversupplied Where rent prices are falling and the cities with the most supply coming online When demand could finally “catch up” to the high supply these markets are experiencing The correlation between supply and rent prices (and why they aren’t ALWAYS opposite) Long-term rent projections as building starts to slow and demand stays high And So Much More! Links from the Show Join the Future of Real Estate Investing with Fundrise Join BiggerPockets for FREE Easily Identify Your Next Market to Invest In with BiggerPockets Market Finder Dave's BiggerPockets Profile Connect with Austin Check Out Austin’s Data-Driven Blog Posts Bureau of Labor Statistics Census Data CoStar Zillow Data Master the Simple Formulas Behind Every Great Real Estate Deal with “Real Estate by the Numbers” Jump to topic 00:00 Intro 04:49 Our 2024 Housing Supply Problem 08:22 Where Rents Are Falling 13:13 Demand Will “Catch Up” 17:31 What Happens When Supply Rises?  25:46 Long-Term Rent Projections Check out more resources from this show on BiggerPockets.com and  https://www.biggerpockets.com/blog/on-the-market-260 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Housing affordability in America is the lowest it’s been in forty years. Every year, there are fewer and fewer affordable places to buy a house, and many of the cities that used to be affordable have become so popular that they’re now the pricey ones. Are there any affordable housing markets left, and if so, which ones should investors pay the most attention to? We did a new data analysis on American housing markets to bring the exact list to you today. Austin Wolff, our own BiggerPockets market intelligence analyst, spent some time analyzing housing markets that not only have job, population, and wage growth but also have affordable home prices perfect for investors. Today, he’s sharing this new list, along with some of the least affordable housing markets that are nearly impossible to break into without millions of dollars. But is America the only country suffering from a stubborn unaffordability crisis? Many of the top economies are also feeling the sting of high inflation, limited real wage growth, and strong home price appreciation. But are we doing better or worse than many of the top developed countries? We’re sharing those stats, too! In This Episode We Cover America’s affordable housing crisis explained, and whether it’s going to get better or worse Most affordable housing markets with job, population, and income growth Comparing American home prices vs. other top economies’ home prices The least affordable real estate markets with the highest home-price-to-wage ratios The single most affordable city in the United States that could be an excellent investing market And So Much More! Links from the Show Join the Future of Real Estate Investing with Fundrise Join BiggerPockets for FREE Find an Investor-Friendly Agent in Your Area Dave's BiggerPockets Profile Kathy's BiggerPockets Profile These Are the 10 Most Affordable Markets To Invest in During 2024 Bankrate’s 2024 Home Affordability Report Why Trump and Harris Aren’t Talking About the $1.8 Trillion Deficit Austin's BiggerPockets Profile Grab Dave’s Book, “Real Estate by the Numbers”   Jump to topic: (00:00) Intro (02:36) Why Affordability Matters (04:59) Most Unaffordable Period Ever?  (08:00) How Does America Compare?  (12:23) Least Affordable Markets (15:09) Most Affordable (Growing!) Markets (24:35) Will Affordability Improve? Check out more resources from this show on BiggerPockets.com and  https://www.biggerpockets.com/blog/on-the-market-262 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Which generation is taking control of the housing market? With Baby Boomers sitting on an enormous amount of equity-based wealth, younger generations now have to do their part to get in the game, but who is faring best? Gen Z is hungry to get into homeownership, but with their high cost of living, credit card and student debt, and low affordability, will they be a forever-renter generation? What about Millennials, many of whom were financially shell-shocked after leaving college and entering the workforce during the Great Financial Crisis? And don’t worry, Gen X, we didn’t forget you (even though almost everyone else did). Today, Dave and each of our experts have taken one generation to report on. We’ll talk about Gen Z, Millennials, Gen X, and Baby Boomers—how much wealth they hold, their debts, whether or not they’re buying houses, and how they could affect the future housing market. Plus, we’ll touch on the financial mentality behind each generation and whether or not they have what it takes to become homeowners. Finally, will the “Silver Tsunami” ever happen when Baby Boomers pass away and the flood of Boomer-owned houses hits the market? We’ll discuss the likelihood of this happening and whether or not the growing trend of “aging in place” could keep our housing inventory at rock bottom.  In This Episode We Cover Why Gen Z is so poised to start buying real estate (but will they be able to?) The Baby Boomers’ massive amount of equity wealth that may benefit the future generations  The largest generation of homebuyers that is still actively looking for places to live Why this “forgotten generation” might be one of the wealthiest to come  The chance of a “Silver Tsunami” and what happens when Boomers pass down their housing wealth  And So Much More! Links from the Show Join the Future of Real Estate Investing with Fundrise Join BiggerPockets for FREE Find an Investor-Friendly Agent in Your Area Dave's BiggerPockets Profile Henry's BiggerPockets Profile James' BiggerPockets Profile Kathy's BiggerPockets Profile Grab Henry’s New Book, “Real Estate Deal Maker” Find an Investor-Friendly Agent in Your Area Boomers Hoard Houses, Millennials Struggle to Buy, But Gen Z Gets Ahead Jump to topic: (00:00) Intro (02:58) Gen Z - The Renter Generation (10:47) Millennials - The Homebuyer Generation (16:51) Gen X - The Forgotten Generation (26:18) Baby Boomers - The RICH Generation Check out more resources from this show on BiggerPockets.com and  https://www.biggerpockets.com/blog/on-the-market-264 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Mortgage rates are finally falling, and Redfin is predicting a “brighter” housing market. Who’s leading the charge in new homebuyers? Surprisingly, the generation nobody expected—Gen Z. How are they doing it, and why are their homeownership rates so much higher than Millennials and Gen Xers at the same age? We’re digging into it and sharing our forecasts of what the coming housing market will look like. But to understand where we’re headed, we have to peak inside the personal finances of Americans. In this episode, we’re breaking down the average American’s wallet, how much money they have, their credit card debt, and whether they’ll be able to weather the financial storm of rising costs coming at them. How can Americans cope with higher insurance, taxes, and home prices? Why is Redfin so optimistic about the 2025 spring homebuying market? And what are we seeing right now in our own markets in terms of buyer demand? Have lower mortgage rates finally crossed the threshold where Americans feel comfortable buying a house? We’ll touch on all of today’s latest headlines in this show! In This Episode We Cover How Gen Z became the leading young homeowner generation Lower rates, but still struggling affordability and the real solution to our housing problem Optimistic news from Redfin about the 2025 spring housing market and the big JUMP in mortgage applications The average American’s personal finances and whether they’ll be able to eat the cost of recent inflation The downfall of work-from-home and why more Americans may be moving (and buying houses) soon And So Much More! Links from the Show Join the Future of Real Estate Investing with Fundrise Join BiggerPockets for FREE Find Investor-Friendly Lenders See Dave at BPCON2024 in Cancun! Dave's BiggerPockets Profile Henry's BiggerPockets Profile James' BiggerPockets Profile Kathy's BiggerPockets Profile Gen Z Is Dominating Their Parents in Homeownership—According to New Report America’s home affordability crisis has a solution. Lower rates isn’t it Redfin ramping up, sees a brighter spring ahead The State of America’s Wallet  How Gen Z outpaces past generations in the homeownership race Grab Dave’s Newest Book, “Start with Strategy” Check out more resources from this show on BiggerPockets.com and  https://www.biggerpockets.com/blog/on-the-market-257 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

**UPDATE: We recorded this episode on October 1st, as North Carolina was beginning to recover from the damage caused by Hurricane Helene and before Hurricane Milton had formed. We approached this episode as an exercise in economic analysis -- an in-depth market analysis should include a deeper assessment of environmental risk than we had time for in this discussion. And of course, no investment is more important than human lives and safety. If you’d like to contribute to ongoing recovery efforts, please consider doing so here. We talk a lot about the overall housing market, but what about the best states to invest in real estate? A state on the East Coast might see solid rents, booming business growth, and low inventory, while somewhere on the West Coast could be experiencing the opposite. At a state level, factors like economic strength, job growth, income tax, and others can greatly impact where Americans live and rent. So, which states would WE happily invest in now? Today, we’re sharing the four states we feel bullish about in 2024, specifically for economic growth. And when there’s economic growth, there’s usually excellent investing prospects. You may have thought about investing in a few of these states before, and one of them you may have forgotten was even a state (sorry to those residents), but all of them boast real estate investing potential that many other parts of the US lack. And, during a time when home prices are still high, some of these markets are seeing what could be a temporary decline, opening up the potential for you to go in and scoop up deals before their real estate markets begin to rebound. Which states are we most confident about? Stick around to find out! In This Episode We Cover Four states with booming economies and serious real estate investing opportunity The tiny state with below-average home prices and most of the Fortune 500 companies A southern state boasting serious potential as its real estate values try to recover  A “treasure hunting” housing market that may be overcorrecting a little too much Why more tech is moving into this East Coast state and pumping up its property market And So Much More! Links from the Show Join the Future of Real Estate Investing with Fundrise Join BiggerPockets for FREE  Find Your Next Investing Market Dave's BiggerPockets Profile Henry's BiggerPockets Profile James' BiggerPockets Profile Kathy's BiggerPockets Profile On the Market Episode 251 - Would You Vote for Any of These Market-Changing Economic Policies? What’s the Best Strategy for Your Market? Find Out with “Start with Strategy” Jump to topic: 00:00 Intro 02:52 1. Delaware 11:38 2. Texas 17:13 What to Buy in Texas 20:05 3. Florida 22:21 Businesses Love the Sunshine State 27:12 4. North Carolina  35:30 Best State to Invest? Check out more resources from this show on BiggerPockets.com and  https://www.biggerpockets.com/blog/on-the-market-259  Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

While short-term rentals are seeing slowing demand, mid-term rentals are taking off (and fast). Mid-term rentals, also called medium-term rentals or MTRs, are thirty-day or longer stays, usually for traveling professionals or those who need temporary housing while relocating. These rentals give you more rent than a regular long-term rental, less turnover than short-term rentals, and can be successful in even the most average of markets. Where are MTRs heading next? We brought on Jeff Hurst, CEO of the leading MTR listing website Furnished Finder, to share the data he’s seeing. Jeff believes MTRs are still years away from peaking in demand and supply. But maybe he’s a little biased as someone who works in the field. Even as an industry insider, Jeff brought some solid stats that show that MTR is far from falling off the investing map. He’s so bullish on this strategy that he believes MTR is now where Airbnb was in 2012. But what should you do to get in on MTR investing? Jeff shares the best MTR markets and signs for whether or not your city could be a great place to try it, plus the surprising property type that works best for this strategy (MUCH more affordable than short-term rentals) and how landlords and investors can find tenants WITHOUT going through pricey booking platforms. In This Episode We Cover The state of the mid-term rental market and why it’s looking much brighter than short-term rentals Mid-term rental investing explained, and who’s staying at these properties Why rural markets actually make terrific mid-term rental investing areas How to start investing in mid-term rentals WITHOUT owning a single property (rental arbitrage) How to find tenants for your mid-term rentals without paying high listing fees The (surprisingly) small property types that work best for mid-term rentals And So Much More! Links from the Show Join the Future of Real Estate Investing with Fundrise Join BiggerPockets for FREE Find an Investor-Friendly Agent in Your Area Dave's BiggerPockets Profile Henry's BiggerPockets Profile How to Invest in Medium-Term Rentals Furnished Finder Stats Grab the MTR Book, “30-Day Stay” Jump to topic: (00:00) Intro (01:57) What Are Mid-Term Rentals? (06:21) Mid-Term Demand is Still Growing (09:58) Best Mid-Term Markets  (18:19) Are We Past the Peak? (20:26) Finding Tenants (23:59) Fewer Regulations? (30:03) Bullish on Mid-Term’s Future Check out more resources from this show on BiggerPockets.com and  https://www.biggerpockets.com/blog/on-the-market-261 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Does it feel like we’re in a recession? People are constantly discussing layoffs, many Americans are in credit card debt, home ownership seems unachievable, and you probably feel like you should be making more money based on how expensive everything is. But, on the other hand, inflation is down, stocks are up, and unemployment is still (relatively) low. This is what Nicole Lapin would refer to not as a recession but a “vibecession;” it feels like we’re in a recession, even if we aren’t. As a renowned journalist, author, and money-minded podcast host of Money Rehab, Nicole is one of the best in the industry to come on and explain the state of the American consumer, why they feel so negative toward the economy, and what good news we have going into 2025. Nicole is breaking down exactly why Americans feel so disconnected from our growing economy and the reason consumers are getting frustrated. But it’s not just bad vibes (okay, enough with the Gen-Z verbiage); there are “bright spots” in the economy that few are paying attention to. These data points come close to proving that we may be out of recession territory and confirm that the Fed did achieve its “soft landing.” Are we on our way to finally feeling good about the economy again? In This Episode We Cover Why it feels like we’re in a recession even though the economy is growing The disconnect between men and women and who’s more optimistic in 2024 Did the Fed actually achieve their soft landing and an inflation rate update The good news on wage growth (with a BIG caveat) Rising credit card debt and whether or not this is a precursor to economic crisis The “bright spots” in the economy that point to some good news for Americans And So Much More! Links from the Show Join the Future of Real Estate Investing with Fundrise Join BiggerPockets for FREE Find an Investor-Friendly Agent in Your Area Dave's BiggerPockets Profile Here’s What the U.S. Consumer Tells Us About the State of the Economy Money Rehab Thinking, Fast and Slow WSJ: The State of America’s Wallet Build Wealth in Any Market Cycle with “Recession-Proof Real Estate Investing” Jump to topic: (00:00) Intro (01:50) Welcome to the "Vibe-cession" (05:18) Men vs. Women Economic Sentiment (06:59) Wages Grow, But... (10:56) Consumer Debt is Climbing (16:23) GOOD News for the Economy (18:42) Hope for Average Americans (21:39) Where is the Economy Headed? Check out more resources from this show on BiggerPockets.com and  https://www.biggerpockets.com/blog/on-the-market-263 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Evictions suck—for everyone. They’re bad for the property owner, the tenant, and America as a whole. On the lowest end of the spectrum, evictions cost Americans over $14,000,000,000 (that’s BILLION) per year. With this massive sum spent on court fees, attorneys, moving trucks, and lost rent, how do we STOP evictions before they happen? What can landlords do to ensure they NEVER have to kick out another tenant for nonpayment? Today, we’re discussing the true cost of evictions and how to avoid them. We’ve brought our own Market Intelligence Analyst, Austin Wolff, back to the show to share how much evictions cost for the landlord, how much they cost to the tenant, and how much they cost society. We’re breaking down which costs hurt real estate investors the most during the process and how long it may take you to get a non-paying tenant out of your house. Once you’ve been seriously sticker-shocked by the price of an eviction, James brings us some actionable steps he uses daily to avoid evictions at his rentals. He recently had one of the worst evictions, costing him SIX FIGURES. He shares what to do so this DOESN’T happen at your investment property, plus the type of rental you can provide that attracts the highest-quality tenants.  In This Episode We Cover The astronomically high cost of evictions in the United States How long evictions usually take, and why they often drag out months (or even years) The cost of an eviction to a tenant and the fees they have to pay once they’re forced to leave How to avoid evictions from the start by following some quick tips from James The key to maintaining a high rent collection rate in your rental portfolio (fewer evictions) What to do if you inherit tenants you suspect WON’T pay once you purchase the property Overall economic impacts of evictions and why we MUST reduce them And So Much More! Links from the Show Join the Future of Real Estate Investing with Fundrise Join BiggerPockets for FREE Property Manager Finder Dave's BiggerPockets Profile James' BiggerPockets Profile Austin's BiggerPockets Profile 6 Strategies That Help Landlords Avoid Evictions Grab “The Book on Managing Rental Properties” Evicted Book Jump to topic: (00:00) Intro (02:23) Most Expensive Eviction Ever? (05:23) Cost/Time It Takes to Evict (14:11) The Cost to Tenants (18:57) Serious Economic Effects (22:47) How to Avoid Evictions (29:44) Inheriting Tenants (What to Do) (32:09) Astronomical Total Costs Check out more resources from this show on BiggerPockets.com and  https://www.biggerpockets.com/blog/on-the-market-265 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Everyone is awaiting the 2024 presidential election results—especially homebuyers. As mortgage rates rise again, potential homebuyers are sitting on the sidelines, hoping that the next president could make it a little easier to purchase a house. Is this housing market slowdown just a temporary phenomenon before the biggest political event of the past four years, or could this last well into the winter? We’re covering it on this headlines show! Could a “Trump trade” push bond yields up and mortgage rates as well? Some economists are betting that a Trump presidency would mean higher mortgage rates. We’ll also talk about California’s Prop 33, which, if passed, could allow more stringent rent control on landlords in the Golden State. With rising costs for property owners, could this lead to landlords selling their rentals to escape California’s tenant-friendly laws? If you want to escape the election cycle, we’ve got you covered. Our last story touches on the best companies for career growth, and if you’re trying to up your skills (and your income) next year, applying for a job at any of these companies could help you! In This Episode We Cover The pre-election housing “slowdown” and why many homebuyers are pausing on purchasing A new mortgage rate update and what’s causing rates to rise back to seven percent The “Trump trade” and why economists are worried it could push bond yields up California’s newest rent control proposition and what it means for landlords in the state The top companies for career growth in the United States (grow your income!) And So Much More! Links from the Show Join the Future of Real Estate Investing with Fundrise Join BiggerPockets for FREE  Find Investor-Friendly Lenders Dave's BiggerPockets Profile Henry's BiggerPockets Profile James' BiggerPockets Profile Kathy's BiggerPockets Profile Proposition 33 Ignites Fierce Debate Over California Rent Control Laws Do Elections Affect the Housing Market? Here's What Experts Say Real estate in for a fright as mortgage rates return to 7% Proposition 33 Ignites Fierce Debate Over California Rent Control Laws These Are The Best Companies For Career Growth, Ranked Grab Dave’s Newest Book, “Start with Strategy” Jump to topic: (00:00) Intro (01:01) Pre-Election Housing “Slowdown” (13:03) The “Trump Trade”  (16:48) Prop 33 Rent Control? (24:15) Best Companies for Career Growth Check out more resources from this show on BiggerPockets.com and  https://www.biggerpockets.com/blog/on-the-market-266 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

The American Dream was once an everyday reality for most Americans. Now, it’s seemingly impossible for even high-income-earning households to achieve. What went wrong, and is it still possible for financially savvy families to realize the American Dream? A new article dissecting the cost of the American Dream shows that the white picket fence, single-family home, and two new cars cost significantly more than you might think. In this episode, we’re going over the eye-watering costs of the American Dream, the income you’ll need to achieve it, and why most Americans may never get there. But, as financially independent podcasters, we’re living proof that you don’t need everything this article describes to reach financial freedom. We’re sharing what you might want to give up to achieve your version of the American Dream. From college costs to raising kids, buying cars, and purchasing a home, we’ll walk through the costliest factors of the American Dream—and some good news, as one big expense is actually getting cheaper. In This Episode We Cover The astronomical cost of achieving the American Dream in 2024 What you should give up if you want to reach financial freedom faster The household income you have to make if you want to achieve the American Dream Why so many Americans are struggling with rising costs but stagnating wages One significant expense that’s getting surprisingly more affordable The things we’ll never give up spending money on (even if it sets us back) And So Much More! Links from the Show Join the Future of Real Estate Investing with Fundrise Join BiggerPockets for FREE Find an Investor-Friendly Agent in Your Area Dave's BiggerPockets Profile Henry's BiggerPockets Profile The American Dream Now Costs $4.4 Million The American Dream Trap: Maneuvering Major Expenses in Your Financial Adventure Reach Your American Dream Faster with “Set for Life” Jump to topic: (00:00) Intro (01:20) The Cost of The American Dream (04:01) Housing Costs  (05:14) BIGGEST Cost to Americans (06:43) Kids Are Too Expensive (08:28) Cars Cost SO Much  (10:15) How Much Do You Have to Make? (15:42) You NEED to Make More Money (19:53) What to Give Up (23:43) Some Good News  (25:22) We WON’T Sacrifice THIS Check out more resources from this show on BiggerPockets.com and  https://www.biggerpockets.com/blog/on-the-market-268 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

When you look at the “Hottest Real Estate Markets” lists from major publications, they often miss many crucial factors that truly make a market worth investing in. So, after getting tired of seeing the same cities repeatedly, we decided to make our own “Real Estate Hotspots” list, touching on the areas that are PRIMED for growth with plenty of appreciation and cash flow potential for landlords. We’re sharing all thirteen cities today! Our two favorite market pickers, Kathy Fettke and Austin Wolff, are back on the show to share their opinions on these top markets. Austin has spent hours and hours compiling this list, looking at not just population growth but income growth, job growth, GDP per capita, and more leading indicators that point to great real estate investing markets. Some of the top picks on this list truly surprised us, but the data points to these thirteen cities as some of the best places to buy in 2025. We’ll also talk about the overrated markets that may be past their prime and some nearby options that could make solid real estate investments for the long term!  In This Episode We Cover The thirteen real estate investing “hotspots” for 2025 that investors should pay attention to A very surprising top city that seems to keep on growing EVEN after some solid appreciation  The “satellite cities” that siphon off big city growth for a fraction of the cost  Cash flow hotspots that still boast affordable prices with solid rent-to-price ratios The one Texas city that many investors forget about but is still growing fast (definitely not Austin) Cities that DIDN’T make the list and are constantly overhyped by the media And So Much More! Links from the Show Join the Future of Real Estate Investing with Fundrise Join BiggerPockets for FREE Find an Investor-Friendly Agent in Your Area Dave's BiggerPockets Profile Kathy's BiggerPockets Profile Deal Finder Market Finder 13 Real Estate Hot Spots You Won’t Want to Miss Next Year Austin's BiggerPockets Profile Analyze Real Estate Like the Pros with “Real Estate by the Numbers” Jump to topic: (00:00) Intro (03:23) Real Estate “Hotspots” (08:26) Phoenix, Arizona (13:39) Colorado Springs, Colorado (17:03) Cash Flow Hotspots (22:05) Top 5 Cities (24:07) Overrated Cities Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-270 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Did economic sentiment decide the 2024 presidential election? For many Americans, the economy was top of mind when deciding who to vote for in this past election. With inflationary worries, high home prices and mortgage rates, and general unaffordability, many Americans chose President-Elect Trump to turn the economy around. So, what does the housing market look like under Trump’s economy? And how will proposed changes (like tariffs) influence home prices? Matthew Walsh from Moody’s Analytics is on to give us some context about consumer sentiment, future home prices and mortgage rates, and what tariffs mean for the average American. Matthew brings up a good point: Even with inflation steadily declining, most Americans are still experiencing sticker shock due to our constant comparison of pre-pandemic pricing. Even with the economy doing well, it’s easy to understand why Americans feel in a worse spot than five years ago. So, with inflation cooling, will housing affordability catch up? A big part of affordability is mortgage rates, and with the Fed cutting rates, are we on the cusp of a return to (somewhat) normalcy? Matthew shares the shocking statistic on what mortgage rates would have to be for us to reach 2019 levels of affordability. Finally, we’re talking about tariffs and how higher prices for homebuilding could translate to your final home price. In This Episode We Cover Consumer sentiment and how American finances influenced the 2024 presidential election  How low mortgage rates would have to go for us to get back to 2019 affordability levels  What Trump’s tariff proposal means for homebuilders and home prices Moody’s 2025 and 2026 home price appreciation forecast Why mortgage rates aren’t falling even after the Fed lowered their federal funds rate And So Much More! Links from the Show Join the Future of Real Estate Investing with Fundrise Join BiggerPockets for FREE  Find Investor-Friendly Lenders Dave's BiggerPockets Profile Opinion: There Could Be Financial Risks Under a Trump Presidency—Here’s How to Hedge Against Them Moody’s Analytics  Grab Dave’s New Book, “Start with Strategy” Jump to topic: (00:00) Intro (01:18) Consumers Are Anxious (04:02) The Inflation "Disconnect" (11:50) Will Homes Ever Be Affordable Again?  (14:40) Home Prices Could Stagnate (22:28) The Tariff Effect (29:14) Still Undersupplied in 2025? Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-272  Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Most people are missing out on what could be the best real estate investments of 2025. Why? Most investors don’t even know about them or have never had access to invest in them before. Today, we’re talking to Fundrise CEO Ben Miller about how he’s taking these once elite-only investments and making them available for the average investor. These investments, for the most part, beat out regular rental properties with sizable returns and way less work. So, what’s the catch? Is there a catch? If you want to get ahead of the curve and know the investments that smart money (managing BILLIONS of dollars) is making, our interview with Ben truly delivers. We’re getting into how “debt” investors are making serious money off of lending to real estate investors (just like you) and the almost unbeatable returns they’re collecting, plus the new type of investment Fundrise is opening up for regular investors. This is a first, as everyday investors have seldom been able to break into this asset class. Finally, Ben gives us his outlook for the 2025 economy and why he’s feeling a bit anxious, even with so many economic factors falling into place for a soft landing.  In This Episode We Cover The one real estate investment making regular double-digit returns with significantly less work Why housing inventory could shrink even with our massive multifamily “oversupply” The “securitized” real estate elite investors used to have a monopoly on (you can get in on it now) Venture capital and why Ben is bullish on AI companies for 2025 and beyond The surprisingly solid state of the economy and why Ben feels anxious (and you might, too) And So Much More! Links from the Show Join the Future of Real Estate Investing with Fundrise Join BiggerPockets for FREE Find Investor-Friendly Lenders Dave's BiggerPockets Profile Is Now a Better Time to Invest in Real Estate Debt or Equity? Ben's BiggerPockets Profile Grab the Book on Private Money Lending “Lend to Live” Jump to topic: (00:00) Intro (01:41) What to Invest In NOW? (04:40) Housing Inventory Will Shrink (08:20) Less Risk, Way Higher Returns (15:01) "Securitized” Debt Explained  (18:22) What Can “Normal” Investors Do?  (20:52) Venture Capital Investing for All  (26:12) Optimistic for 2025? Check out more resources from this show on BiggerPockets.com and  https://www.biggerpockets.com/blog/on-the-market-267 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

It’s what you’ve all been waiting for—our 2025 housing market predictions! We’re sharing where we think home prices, interest rates, and real estate will be over the next year. But we’re not just talking about 2025. We’re also going BACK and reviewing our 2024 housing market forecast, painfully detailing each part we got wrong and congratulating whoever got their predictions right. But how did top real estate companies like Zillow perform on their forecasts? Don’t worry; we’re rating their predictions as well! Last year, some of us thought home prices would decline year-over-year, while others were confident we’d still see rising prices. We also had surprisingly accurate mortgage rate predictions, so does that mean we could be right for 2025, too? Stick around to find out! Plus, we’re sharing where we think will become the country's best real estate investing markets and naming the cities we believe have the best potential for building wealth! In This Episode We Cover Updated 2025 housing market predictions and where home prices and mortgage rates could go How we (and Zillow!) did on our 2024 housing market forecast (plus what we got WRONG!) Real estate markets that have the most investment potential in 2025 Why we’re all becoming bullish on lower mortgage rates, EVEN with persistent inflation Did we ever actually make it into recession territory in 2024? And So Much More! Links from the Show Join the Future of Real Estate Investing with Fundrise Join BiggerPockets for FREE  Find Investor-Friendly Lenders Dave's BiggerPockets Profile Henry's BiggerPockets Profile James' BiggerPockets Profile Kathy's BiggerPockets Profile On The Market Podcast 163 - 2024 Housing Market Predictions: Home Prices, Interest Rates, & Opportunities Grab James’ New Book “The House Flipping Framework” Jump to topic: (00:00) Intro (02:38) Zillow's 2024 Predictions (11:32) Home Prices  (14:33) Recession Risk (16:23) Mortgage Rates (17:23) Best Markets to Invest (20:03) 2025 Home Price Predictions  (23:48) 2025 Mortgage Rate Predictions Check out more resources from this show on BiggerPockets.com and  https://www.biggerpockets.com/blog/on-the-market-269 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Has the Federal Reserve gone too far? Many Americans are critical of the Fed’s move to raise interest rates sharply, pause for years, and then slowly start implementing rate cuts. The arguably most prominent critic of the Fed? President-Elect Donald Trump, who, shortly after nominating the current Fed chair, Jerome Powell, reversed his opinion on whether Powell was the right person for the job. Now, with Trump coming back to the White House, Powell’s job hangs in jeopardy—or does it? Can a President fire the Fed chair? Does the President have the authority to influence how the Fed operates? What would happen if Trump decided to go after Powell and request his resignation? Nick Timiraos, reporter at The Wall Street Journal and Federal Reserve expert, is on to answer these questions. Nick gives us the latest update on rate cuts, where the Fed is headed, how the future of the Fed looks with Trump back in office, and why some politicians champion “Fed Independence,” while others argue that Fed power has overstepped its bounds. Are Trump and Powell more aligned than they think, and is this government drama all talk? We’re getting Nick’s expert viewpoint on it all.  In This Episode We Cover Why “Fed Independence” could actually be a crucial piece to keeping the economy stable Whether or not Trump has the authority to fire and replace a Fed chair  Future rate cuts, inflation concerns, and the Fed’s latest “signal” on rates Powell’s simple response when asked if he would resign because of Trump’s request Why the Fed does NOT have to answer to the President (and is this a good thing?) Trump’s proposed tax and tariff policies and why they could challenge the Fed And So Much More! Links from the Show Join the Future of Real Estate Investing with Fundrise Join BiggerPockets for FREE Find Investor-Friendly Lenders Dave's BiggerPockets Profile Trump May Consider Shaking Up the Federal Reserve If Elected—Here’s What That Could Look Like Nick’s WSJ Articles Grab Dave’s New Book, “Start with Strategy” Jump to topic: (00:00) Intro (00:32) Latest Fed Meeting Update (02:21) More Rate Cuts Coming? (04:23) Can Trump Change the Fed? (08:02) Is the Fed Above the Law? (15:59) Can Trump Fire Powell? (18:09) What Happens Next? (24:02) Trump's Tricky Policies Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-271 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

With assumable mortgages, you can snag a three percent interest rate even in 2023’s high-interest environment. These loans exist everywhere around you—you could be sitting on an assumable loan without even knowing it! So, if there’s a way to pick up properties at all-time low-interest rates, why isn’t everyone taking advantage of assumable mortgages? We brought Craig O’Boyle from Assumption Solutions on to the show to explain. Assumable mortgages aren’t new, but most real estate agents, loan brokers, and homebuyers have no idea what they are. In practice, an assumable mortgage allows a homebuyer to “assume” a seller’s loan with the same interest rate, contingencies, and principal paydown as the seller. This means you can walk into a home with significant equity, a low-interest rate, and the same fix-rated loan you’d be picking up from a bank. But, if you want an assumable mortgage, you’ll need to know where to find one. Craig walks us through the ins and outs of assumable mortgages, where investors can find one, why most mortgage lenders and brokers don’t know about them, and one BIG caveat you’ll need to hear before you chase down this better financing. Want a lower rate and monthly payment with higher cash flow? Stick around; we’ll give you everything you need to know to find a low-interest assumable loan in your area! In This Episode We Cover Assumable mortgages explained and why a bank would allow a buyer to assume a loan Assumable loans vs. subject to and how one strategy is far riskier than the other  Fees you can expect to pay when purchasing a property with an assumable mortgage  House hacking and using assumable loans to profit off your primary residence  The three types of loans that can be assumable (and others that WON’T work) The “assumption gap” and money you’ll need at closing to get the deal done  And So Much More! Links from the Show Find an Investor-Friendly Real Estate Agent 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 Jamil's BiggerPockets Profile Jamil's Instagram Jamil's YouTube Subject To Real Estate Explained Connect with Craig: Craig's Website Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-74 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

Discounted real estate deals could be coming THIS winter as the housing market begins to “thaw.” Today, Dave is flying solo, bringing you a housing market update on all the crucial factors real estate investors are looking at—home prices, mortgage rates, housing supply, and rent prices. Even with home sales falling by a massive margin, home prices are still at all-time highs, and the housing market is “stuck,” but we could see some sellers taking price cuts this winter if you’re willing to take advantage. Okay, but how can home prices still be THIS high when the total home sales are twenty percent lower than average and around fifty percent under the recent highs? It’s simple—affordability struggles. High rates, high prices, and “locked-in” homeowners staying in place keep the market frozen. So, why does Dave believe sellers will be more inclined to drop their prices this winter? Where does he believe interest rates will be by the end of the year? And what’s the one thing that could get the housing market “unstuck”?  In This Episode We Cover Why Dave believes real estate deals are coming THIS winter Mortgage rate predictions and how low rates could go by the end of this year Whether to buy now or wait for affordability to improve, prices to drop, and rates to fall Why home prices are still rising EVEN with homebuyer demand plummeting The MASSIVE drop in home sales since the pandemic boom and why prices have remained high And So Much More! Links from the Show Join the Future of Real Estate Investing with Fundrise Join BiggerPockets for FREE Shop the BiggerPockets Bookstore Black Friday SALE Find an Investor-Friendly Agent in Your Area Dave's BiggerPockets Profile On The Market Podcast 255 - The Fed Finally Cuts Rates, but Will It Even Matter? Nearly A Quarter of Prospective First-Time Homebuyers are Holding Off Until After the Election: Redfin Survey Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-273 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

It’s the season for housing market predictions, and we know who to call! Altos Research and HousingWire’s Mike Simonsen joins the show to share where his team thinks mortgage rates, home prices, housing inventory, and buyer demand will be in 2025. Every year, the HousingWire team puts together a phenomenal housing market forecast, touching on the topics investors, agents, lenders, and housing nerds care about while recapping the wildest surprises of the year prior. Will mortgage rates finally fall below six percent in 2025? Will home prices dip with housing inventory up a substantial percentage year-over-year? And could agents and lenders finally get some relief with home sales, or will we still see sluggish purchasing and buyer activity? Not to spoil it, but Mike is optimistic about the 2025 housing market and what will come over the next twelve months. Mike breaks down each prediction and what could affect YOU the most, whether you’re buying or selling homes. Plus, he shares the one metric his team is watching carefully to see which direction the 2025 housing market is headed.  In This Episode We Cover HousingWire’s 2025 housing market forecast and 2024 housing market recap The mortgage rate range you can expect over the next twelve months Home price growth and exactly how much the HousingWire team expects in 2025 Why housing inventory is starting to climb again (and whether it will continue in 2025) One metric Mike and his team are paying very close attention to in 2025 The market’s reaction to the 2024 election and President-Elect Trump’s win And So Much More! Links from the Show Join the Future of Real Estate Investing with Fundrise Join BiggerPockets for FREE Find Investor-Friendly Lenders Dave's BiggerPockets Profile On The Market Podcast 269 - 2025 Housing Market Predictions (+ How’d We Do Last Time?) Altos Research HousingWire’s 2025 Housing Market Forecast Get Ready to Invest in 2025 with Dave’s Book, “Start with Strategy” Jump to topic: (00:00) Intro (01:05) Biggest Surprise of 2024 (03:17) Housing Inventory Up 27%! (08:42) American Migration Freezes (12:57) 2025 Mortgage Rates (16:46) More Homes on the Market? (18:20) Post-Election Housing Market Changes  (27:08) Home Price Forecast  (27:49) One Thing to WATCH Check out more resources from this show on BiggerPockets.com and  https://www.biggerpockets.com/blog/on-the-market-274 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

“Return to office” mandates from the tech and finance industries are coming rapidly. But they’re not just going back to the downtown areas. Return to office (RTO) calls could cause a surprisingly beneficial boost to suburban areas, even as employees are forced back into the office. This has enormous effects on landlords and real estate investors, as the hottest place to own a home might actually be somewhere outside of the city center. Matt Reidy, Director of CRE Economics at Moody’s Analytics, joined us to give a full update. Matt talks about the potential office comeback that could be taking place and the one type of office investment that is outperforming the rest. However, office vacancies are still at an all-time high, and companies are starting to get creative. Could a move into the suburbs help entice employees by keeping commute times minimal? This could be great news for residential investors outside the cities, as “live, work, play” environments could become a hot commodity.  In This Episode We Cover Why more companies are looking for suburban offices to win back employees The revival of downtowns and why they’re growing, even with high office vacancy One type of office investment that’s outperforming the competition significantly Rent price growth predictions for 2025 and 2026 Whether office work is here to stay or the “hybrid” model will become the new norm And So Much More! Links from the Show Join the Future of Real Estate Investing with Fundrise Join BiggerPockets for FREE  Find an Investor-Friendly Agent in Your Area Dave's BiggerPockets Profile Good News For Investors—Commercial Real Estate is Finally Catching a Break Read More from Matt Grab Dave’s New Book, “Start with Strategy”   Jump to topic: (00:00) Intro (01:30) The Return to Office (03:20) An Office Comeback? (07:12) Offices Move to Suburbs (11:02) Are Downtowns Declining? (17:37) Suburban Demand Grows (21:33) Good News for Investors Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-276 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Ever seen those YouTube videos titled “A housing crash is coming THIS year!” or “Prices are falling 50% in *insert state*”? If so, you’re not alone. There’s so much housing market clickbait being thrown at you daily that it’s hard to distinguish the actual data from the “expert takes” only done for clicks. So today, we’re breaking down some of the most hyped housing market takes from YouTube, examining the data they’re using, and giving our thoughts. To join us is Jeb Smith, a real estate broker associate with over 18 years of experience and a fellow YouTuber who’s just as tired as we are of the constant “crash bros” populating your YouTube homepage. Together, Dave and Jeb are breaking down a couple of recent videos, one talking about the “50% price cuts in California” and a “major housing crash,” as well as one video anticipating that “all hell breaks loose” come this December (wait, isn’t it December already?) Together, our goal is to ensure you never get fooled by easily manipulated data so you can make the best investing decisions. In This Episode We Cover The “major housing crash” coming to California and whether there’s truth in this Why one real estate media channel thinks all hell will break loose soon  Demystifying the data behind the real estate “crash bros” on YouTube Whether Jeb believes home prices will rise (or fall) in the coming year Housing market data that WE trust to make our real estate predictions, forecasts, and investing decisions And So Much More! Links from the Show Join the Future of Real Estate Investing with Fundrise Join BiggerPockets for FREE Find an Investor-Friendly Agent in Your Area Dave's BiggerPockets Profile On The Market 128 - The Worst Real Estate Investing Advice Grab Dave’s Book, “Real Estate by the Numbers” Connect with Jeb: Jeb's BiggerPockets Profile Jeb's YouTube Jump to topic: (00:00) Intro (01:08) “Major California Housing Crash!” (12:58) The Truth About California (20:19) “All Hell Breaks Loose!” (30:27) Don’t Get Fooled by This (33:54) Debunking the Clickbait (39:11) Connect with Jeb! Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-278 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Redfin just released their highly-anticipated 2025 housing market forecast, and today, we’re reacting to each of their ten crucial housing market predictions. We’re touching on the exact numbers you want to hear about—home prices, mortgage rates, home sales, rent prices, and housing supply. Knowing what’s coming could give you an edge as an investor, agent, or first-time homebuyer. First, we’re reviewing Redfin’s home price predictions for 2025. Will things get any more affordable, or will high home prices persist into 2025? Will mortgage rates finally reach the low sixes, maybe even into the high fives? Dave disagrees with Redfin’s take on interest rates, so where does he think they’ll be headed? If you’re a real estate agent, broker, loan officer, or in the industry, listen up! Redfin has some good news you want to hear about home sales! Renters and landlords, take note—Redfin’s predictions suggest rents could become more affordable for everyday Americans. But that’s not all; we’ll also review their housing inventory, agent commission, and migration predictions for 2025! In This Episode We Cover Redfin’s notable 2025 mortgage rate prediction that most homebuyers DON’T want to hear 2025 home price forecast and whether or not we’ll continue to see prices climb The “step in the right direction” for home sales coming in 2025 Why homebuilders are getting bullish thanks to the 2024 Republican sweep Why Gen Z may be the first generation to give up on homebuying  And So Much More! Links from the Show Join the Future of Real Estate Investing with Fundrise Join BiggerPockets for FREE Find Investor-Friendly Lenders Dave's BiggerPockets Profile On the Market 269 - 2025 Housing Market Predictions (+ How’d We Do Last Time?) BiggerPockets YouTube Redfin’s 2025 Predictions The BiggerPockets Real Estate Podcast Grab Dave’s New Book, “Start with Strategy” Jump to topic: (00:00) Intro (01:22) 1. Home Prices to Rise  (05:49) 2. Mortgage Rates Remain High (10:15) 3. Home Sales Will Rebound (13:36) 4. Affordable Rents? (18:46) 5. More Homebuilding, But… (21:58) Agent Commissions, Gen Z, and More Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-280 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Are we finally at the end stages of this harsh housing market? With housing inventory increasing, mortgage rates steadily falling, and inflation cooling, we might be returning to a much healthier time to buy a house. But one of these improvements we’ve seen over the past year could begin reversing, and that’s creating some interesting future scenarios. One that even we’re surprised to hear as we bring on top housing market analyst Logan Mohtashami. Logan has referred to 2022-2023’s housing market as “savagely unhealthy,” but he’s a bit more optimistic now that we’re seeing relief. While we’re still not at 2019 inventory levels (which were already low), we’re slowly getting there. However, we could see the positive inventory trend start to reverse, leading to even more affordability problems for homebuyers. So what has to happen for affordability to see meaningful improvement? Today, Logan is giving us his take on housing inventory, where mortgage rates could be heading, and why we may NOT see a spike in home prices even if rates fall significantly (something most analysts are bullish on). In This Episode We Cover Logan’s housing market, mortgage rate, and inventory forecast Why our increasing housing inventory could reverse once rates start to fall The one thing holding affordability back and whether Logan has hopes of it improving Why watching the labor market and jobs numbers will help you predict mortgage rates Were we wrong about the “lower rates = higher home prices” premise? And So Much More! Links from the Show Join the Future of Real Estate Investing with Fundrise Join BiggerPockets for FREE Find Investor-Friendly Lenders Dave's BiggerPockets Profile On The Market 86 - Here’s What Will Cause Mortgage Rates to Finally Fall w/Logan Mohtashami Learn More from Logan Know the Ins-and-Outs of Real Estate with “Real Estate by the Numbers” Jump to topic: 00:00 Intro 00:58 The "Baby Pivot" Stage  04:33 The Home Sales Recession  07:36 Housing Inventory Update  14:17 Rates Will Decline MORE If... 18:47 Mortgage Rate Forecast 23:35 When Will Affordability Improve? 27:53 Biggest Takeaways Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-282 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Are we in store for another agent commission lawsuit battle? Why are home sales spiking right after the election? And guess what…it’s not investors buying up all the houses this time. We’re getting into the biggest housing market news in today’s headlines episode! Plus, we’re sharing exactly what you need to do TODAY to still get real estate deals done, even with high interest rates and higher home prices. Home tours are surging after the election as potential homebuyers breathe a sigh of relief knowing that 24/7 election coverage has finally ceased. But it’s not the investors who are coming back to buy the houses. Investor purchase numbers are falling, so why are landlords sitting on the sidelines this time? And say it ain’t so…another real estate agent commission lawsuit could be on the way as the Department of Justice finds faults in the NAR settlement. What does this mean for agents, brokers, and realtors? Will an easily browsable listing site like Zillow take over in place of real-life realtors? Some worry a Zillow “monopoly” could be forming. We’re sharing what we think in this episode. In This Episode We Cover Why home sales are starting to jump after the 2024 presidential election results The future of agent commissions and whether they could be regulated even more The Zillow “monopoly” that some worry will overtake the NAR (National Association of Realtors) What’s causing investor purchases to shrink since the pandemic? Where James and Kathy see investing opportunity in the 2025 housing market And So Much More! Links from the Show Join the Future of Real Estate Investing with Fundrise Join BiggerPockets for FREE ? Find an Investor-Friendly Agent in Your Area Dave's BiggerPockets Profile James' BiggerPockets Profile Kathy's BiggerPockets Profile On The Market Podcast 201 - NAR Settles for $418M, Buying and Selling Homes Could Change Forever Pending Home Sales Rise After Post-Election Surge in Home Tours The battle against 6% broker fees isn’t over after a surprise 11th hour court filing Zillow’s Takeover of the Real Estate Industry: The Path to Monopoly Investor Home Purchases Plateau After a Pandemic-Era Rollercoaster Ride Grab Dave’s Newest Book, “Start with Strategy” Jump to topic: (00:00) Intro (00:58) Post-Election Home Sales JUMP  (09:56) Another Agent Commission Lawsuit? (18:07) The Zillow “Monopoly” (21:44) Investor Sales Shrink  (34:10) Stick Around for This! Check out more resources from this show on BiggerPockets.com and  https://www.biggerpockets.com/blog/on-the-market-275 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome to the 2025 housing market! It’s a new year, and if you’re ready to invest more, get closer to financial independence, or finally find and buy your first home, we’re here to help. We’ve got BIG plans for 2025 and are watching some key economic indicators to help us decide what to do next. But we have already zeroed in on a few investments we’re eager to invest in. Curious about where we’re putting our money in 2025? We’ll share exactly where—and why! We’re recapping our 2024 progress and giving you tips on what to buy based on your goals. Some of us are scaling down this year while others are scaling up, but we all have the same advice for someone who wants to get into the real estate investing game. If you follow this simple, repeatable path we’re laying down, you’ll be investing in no time. Don’t let 2025 pass you by! You could regret sitting on the sidelines! Tune in, take notes, and let’s get wealthier together this year! In This Episode We Cover The easiest way for beginners to start investing in real estate in 2025 Key economic indicators we’re watching during the 2025 housing market What strategies we’re switching up in 2025—and what won’t work this year How to invest based on your goals and whether you should prioritize active vs. passive income Our 2025 goals: how many properties we’ll buy, flip, or test with new strategies And So Much More! Links from the Show Join the Future of Real Estate Investing with Fundrise Join BiggerPockets for FREE Find Investor-Friendly Lenders Dave's BiggerPockets Profile Henry's BiggerPockets Profile James' BiggerPockets Profile Kathy's BiggerPockets Profile On The Market 269 - 2025 Housing Market Predictions (+ How’d We Do Last Time?) Grab Henry’s New Book, “Real Estate Deal Maker” The House Flipping Framework Scaling Smart Start with Strategy Jump to topic: (00:00) Intro (03:47) How to Start in 2025  (17:26) What to Buy (Based On YOUR Goals)  (22:51) Our 2025 Goals  (33:47) What We're Looking Forward To Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-283  Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Disclaimer: Opinions expressed in this episode and written below are solely opinions of the hosts, guests, and writers and do not reflect the views of BiggerPockets. Is it about to get even worse for NAR (National Association of Realtors)? After a ground-breaking agent commission lawsuit settlement forced the organization to pay out hundreds of millions, NAR has been on thin ice. They had just come off of a massive change in leadership, with some executives facing sexual harassment accusations, only to have the spotlight put on them once again. But it’s not over. A new investigative piece from The New York Times reporter Debra Kamin uncovers a web of hidden donations to political groups that many NAR members aren’t aware of. NAR, the largest lobbyist group in the country, is well-known for donating to political causes that benefit their industry. However, it seems those donations heavily lean to one side of the political spectrum. So, is this a problem? Could it even be illegal? Debra reveals that many of these donations go to groups unrelated to real estate, leaving some members frustrated with how their dues are being spent. Could this be the final blow to NAR, paving the way for more competition among real estate agent organizations? Debra is on to break the story.  In This Episode We Cover The new investigation on where NAR “donations” and member dues are going  NAR’s recent turmoil with massive lawsuits, sexual harassment accusations, and more What do realtors think of their dues being spent on fringe political causes? The future of NAR and whether they’ll recover from their recent internal challenges A new DOJ (department of justice) investigation into NAR and whether members will leave And So Much More! Links from the Show Read the Full Article Join the Future of Real Estate Investing with Fundrise Join BiggerPockets for FREE Find an Investor-Friendly Agent in Your Area Dave's BiggerPockets Profile On the Market 197 - NAR Finally Faces Competition: Is the Agent “Monopoly” Over? w/Jason Haber and Mauricio Umansky On the Market 201 - Breaking: NAR Settles for $418M, Buying and Selling Homes Could Change Forever w/The New York Times’ Debra Kamin Grab the Book “SOLD: Every Real Estate Agent’s Guide” Jump to topic: 00:00 Intro 01:30 NAR Turmoil 03:46 The Largest Lobbyist Group 08:53 Quietly Funding Political Causes 14:17 Is This Illegal? 17:29 What Realtors Think 20:40 The Future of NAR 26:58 Read the Full Story Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-277 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome to the 2025 housing market! It’s a new year, and if you’re ready to invest more, get closer to financial independence, or finally find and buy your first home, we’re here to help. We’ve got BIG plans for 2025 and are watching some key economic indicators to help us decide what to do next. But we have already zeroed in on a few investments we’re eager to invest in. Curious about where we’re putting our money in 2025? We’ll share exactly where—and why! We’re recapping our 2024 progress and giving you tips on what to buy based on your goals. Some of us are scaling down this year while others are scaling up, but we all have the same advice for someone who wants to get into the real estate investing game. If you follow this simple, repeatable path we’re laying down, you’ll be investing in no time. Don’t let 2025 pass you by! You could regret sitting on the sidelines! Tune in, take notes, and let’s get wealthier together this year! In This Episode We Cover Why 2025 is already shaping up to be an excellent year for real estate investors and homeowners Dave’s 2025 mortgage rate range and whether we’ll see some interest rate relief The reason why home prices could still grow even with so many potential homebuyers sitting on the sidelines Are foreclosures and mortgage delinquencies a threat to the housing market? Why 2026 could be the year everything changes for rent prices (and what to expect in 2025) And So Much More! Links from the Show Join the Future of Real Estate Investing with Fundrise Join BiggerPockets for FREE Find an Investor-Friendly Agent in Your Area Dave's BiggerPockets Profile BiggerPockets Real Estate Podcast 1041 - How to Invest in Real Estate in 2025 (with NO Experience) Get Ready to Invest with Dave’s Book “Start with Strategy” Jump to topic: (00:00) Intro (00:58) Are We at the Bottom? (01:59) Mortgage Rate Prediction  (06:38) Home Price Growth Prediction (12:04) Trump’s Taxes and Tariffs (14:14) Rent Price Growth Prediction Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-284  Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices