The Economic Impact of the Northwest Arkansas Real Estate Market | 3min snip from BiggerPockets Real Estate Podcast

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796: 2024 Housing Market Predictions and 3 Underrated Real Estate Markets to Watch

BiggerPockets Real Estate Podcast

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CHAPTER

The Economic Impact of the Northwest Arkansas Real Estate Market

Tyson Foods, JB Hunt Transportation and Walmart are all headquartered in Northwest Arkansas. People have been moving to the area at a rate of about 35 to 38 people per day. The average days on market seems high at 94 days but we would need to be at 120 days for buyer's market. Our rent vacancy across Northwest Arkansas, 1.5%.

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We’ve got 2024 housing market predictions coming up in this episode. But don’t worry, David and Rob haven’t put their careers on the line to try and guess where home prices will be next year. Instead, we brought the expert panel from On the Market to give their best real estate predictions so David and Rob remain safe in the eyes of our darling listeners. Dave Meyer, host of On the Market and BiggerPockets VP of Data and Analytics, recaps the 2023 housing market and tells us what (and where) to look for as the year’s second half begins.

Dave and the expert investor panel will review everything that happened over the past six months in real estate. From home prices correcting and failing to crash to inventory falling back down to historic lows, days on market dwindling, and the “lock-in effect” for homeowners, the 2023 housing market turned out to be nothing we would have expected. But is there hope for rental property owners and real estate investors?

To answer that, our guests will give their mortgage rate, recession, and home price predictions. But that’s not all. They’ll also uncover some of the most underrated real estate markets across the nation, all showing strong signs of growth and huge profit potential. Get in before the masses do, and for more up-to-date real estate data, check out On the Market!

In This Episode We Cover:

The housing market correction explained and why we never had the crash so many predicted

Inventory updates and why homeowners are too “locked-in” to sell their homes

Mortgage rate predictions and where we could see rates end up in 2024

Home price forecasts and why one expert guest still thinks we’ll see sizable price jumps

Three “under the radar” real estate markets that you’ve (probably) never heard of

The #1 place to live in the US that has homes for half the US average!

And So Much More!

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