Two real estate markets still look like they’ve got room to grow in 2023, even as home prices face downward pressure for high mortgage rates and days on market begin to creep up. Markets like these two exploded in 2020-2022 and are still seeing strong demographic signs that more growth could be on the way. But, as two markets that have witnessed some of the most dramatic price appreciation in history, is now a worthwhile time to invest?
In this episode, we’re doing a market deep dive into two hot housing markets, Tampa, Florida, and Dallas, Texas. These two metro areas saw population booms like never before, shooting their home prices high and keeping competition hot, even as rates rise. But are these two markets starting to see a slowdown in 2023, or are there surefire signs that another wave of buyer activity is about to take place? With so many Americans moving to Texas and Florida, could this be the appreciation play of a lifetime?
We’re joined by Kim Meredith-Hampton and Victor Steffen, realtors in the Tampa and Dallas areas, respectively, to talk with David Greene and Dave Meyer about the potential of these two property markets. They’ll touch on how to find cash flow even with high home prices, the strategies they’re using today to lock in wealth-building buys for their clients, and why the days of bidding wars and buyer ferocity may be far from over.
In This Episode We Cover:
Updates on the Tampa and Dallas markets and whether or not there are still opportunities to buy
Florida cash flow and whether or not the sunshine state has been tapped out of passive income
The Texas “BEAF” strategy wealthy investors are using to buy better properties
Short-term rental risk and regulations and what to do if your BnB gets banned
Out-of-state investing and which investors should put money into these property markets
Mortgage rate impacts and what high home costs have done to buyer competition
And So Much More!
Links from the Show
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Catch Up on The BiggerPockets Blog Articles
Check Out Dave’s Dallas and Tampa Articles:
Dallas
Tampa
Books Mentioned in the Show:
Real Estate by Numbers by Dave Meyer
Connect with Kim and Victor:
Kim's BiggerPockets Profile
Kim's Email
Victor's BiggerPockets Profile
Victor's Website
Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-766
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