132: Banks Cut Credit, Is The Housing Market “Recession” Really OVER?
On The Market
Introduction
Discover the advantages of using Deal Machine to identify off-market properties and streamline direct mail campaigns. Hear a user's success story and get introduced to the podcast hosts.
The housing market “recession” is…over? At least, that’s what some economists think. But it doesn’t feel so stable for the rest of us real estate investors. Home prices are still dropping in some markets, teetering on stability in others, and hot as ever in growing areas. With mortgage rates rising and the Fed staying true to its word, how can we be so sure that home prices won’t begin to fall across the nation?
We’re back with another headline show where Dave Meyer, James Dainard, Jamil Damji, Kathy Fettke, and “the only investor in Arkansas,” Henry Washington, give their take on some of the hottest housing market stories of late. We talk about the NAR (National Association of REALTORS) declaring the “housing recession” to be (potentially) over, why banks are tightening credit and denying loans more than ever before (and how to still get funding), why lowball buyers are actually in the right, and the cities across the US most poised for growth.
With offers becoming harder and harder to get accepted, interest rates rising, lending on lockdown, and sellers still living in 2022, you MUST invest smarter to build wealth in today’s market. Thankfully, all our guests are doing just that and dropping some gems on beating the regular buyers by being smarter, faster, and picking up deals for less!
In This Episode We Cover:
The “housing recession” and why some economists think it may be over
Why investor buying activity remains high EVEN with rising mortgage rates
The commercial credit crunch and why banks are refusing to lend on specific assets
Five reasons you’re getting lowball offers and why buyers NEED to stay reasonable
The US cities most poised for growth and Henry’s secret city to invest in (it’s NOT in NW Arkansas!?)
And So Much More!
Links from the Show
Join the Future of Real Estate Investing with Fundrise
Connect with Other Investors in the “On The Market” Forums
Subscribe to The “On The Market” YouTube Channel
Hear Our Episode with J Scott and Scott Trench
Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-132
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