Has housing market hysteria returned? For a few months, homebuyers took a sigh of relief as competition stayed low, prices began to drop, and the real estate market returned to reality. But it seems like the days of sweet deals and plenty of showings are now behind us as homebuyers are jumping back into the market. So what’s causing this housing market madness to refuel, and are we returning to 2020-2022’s crazy competition?
In this BiggerNews update, David Greene and Dave Meyer discuss some top headlines affecting the housing market in 2023. First, they’ll get into the nitty gritty of new inflation data and why prices are still high even after some good news. Next, they’ll talk about the newest real estate recovery and give their spring 2023 housing market predictions on whether or not home prices could rise and competition could return. Then, a debate over how the US dollar could be replaced as the world’s reserve currency and which countries are out to take its place.
Plus, if you’ve been waiting to get your hands on a new short-term rental property, you could be in luck. Recent data points to a stark shift in vacation home demand as the vacation rental market gets saturated and work from home starts to level off.
If you want up-to-date data on everything happening in the housing market and beyond, tune in and grab Dave’s FREE Q2 real estate report!
In This Episode We Cover:
Housing market hysteria and what’s causing homebuyers to jump back into the bidding wars
Inflation updates and how close we are to returning to the golden 2% inflation rate
Vacation home demand drop-off and what’s causing buyers to ditch their dreams of a beach house
De-dollarization, the war against the USD, and which countries are dropping the dollar
Real estate price predictions and whether or not we’ll see the yearly price run-up during spring/summer
Dave’s FREE Q2 housing market report (and where to get it)
And So Much More!
Links from the Show
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BPCON2023
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts
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Find a BiggerPockets Real Estate Meetup in Your Area
David's BiggerPockets Profile
David's Instagram
David’s YouTube Channel
Work with David
Dave's BiggerPockets Profile
Dave's Instagram
Grab The Q2 2023 Housing Market Report
Hear the “On the Market” Episode About De-Dollarization
Has the Housing Market Already Bottomed?
Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-760
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