Why is everyone ignoring this one severe housing market trend, what does a 2008 crash predictor think will happen in 2025, and why are homes starting to sit longer on the market, even with mortgage rates starting to fall? Are all the headlines pointing to housing market havoc or a return to normalization where homes aren’t flying off the market like they were just a few years ago? We’re getting into it all in this headlines episode as we touch on four of the top housing market stories from this week and give our opinions on whether they’re hype or not.
First, a market-shifting trend has substantial side effects on the housing market. We’ve talked about this before, but many homebuyers are overlooking it. This trend could push people out of once-popular housing markets and into underrated areas that boast far more future-proofed benefits. What’s the trend we’re talking about? Tune in to find out!
We’re also discussing the increase in average days on market (DOM), why homes are sitting for longer, and whether this is something to be concerned about. Think moving to Washington, Texas, or Florida will save you money due to no income taxes? Think again because there are some serious downsides to no-income-tax states most investors don’t think about. Finally, we’re analyzing a 2008 crash predictor’s 2025 forecast—could he be right again?
In This Episode We Cover
The one housing market trend hiding in plain sight that could become a considerable issue soon
A 2008 crash predictor’s take on the 2025 housing market and whether home prices will decline
Why so many people are reversing on the “great reshuffling” and moving away from sunny states
A sizable bump in homes sitting on the market and why it’s taking longer to sell
The serious downsides of buying/investing in a no-income-tax state
And So Much More!
Links from the Show
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See Henry, James, and Kathy at BPCON2024 in Cancun!
Henry's BiggerPockets Profile
James' BiggerPockets Profile
Kathy's BiggerPockets Profile
BiggerPockets Real Estate 895 - BiggerNews: How Climate is Exploding Insurance, Building, and Investing Costs
A market-shifting real-estate trend is hiding in plain sight
Nearly Two-Thirds of Home Listings Have Been Sitting on the Market Longer Than a Month As Buyers Grapple With High Costs
U.S. States With No Income Tax Aren’t as Affordable as You Might Think
Housing analyst who predicted the 2008 home price crash weighs in on the current market
Grab Henry’s New Book, “Real Estate Deal Maker”
Jump to topic:
(00:00) Intro
(02:01) A Market-Shifting Trend
(08:40) Average Days on Market Expand
(18:12) Downsides of No Income Tax
(27:53) 2008 Predictor’s New Forecast
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-239
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