Motley Fool Money Housing Trends w/ David Greene (BiggerPockets Real Estate)
Jul 17, 2022
David Greene, host of the BiggerPockets Real Estate podcast and a former police officer turned real estate expert, shares his insights on the current housing market. He discusses how the market has changed since the pandemic, emphasizing supply issues and low interest rates driving prices up. Greene highlights common home-selling mistakes, like emotional overpricing, and offers staging tips featuring popular neutral colors. He also stresses the importance of local market dynamics over national trends, helping investors navigate the shifting landscape.
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Episode notes
Unintentional Pivot
- David Greene's career pivot from police officer to real estate professional wasn't intentional.
- He built a stable income through rental properties before transitioning.
Housing Bubbles Then and Now
- The 2000s housing bubble burst due to bad loans and oversupply, unlike the recent surge driven by low supply and cheap money.
- Quantitative easing significantly impacted real estate prices by introducing vast sums of new money into the economy.
Market Hesitation
- Rising interest rates and general market uncertainty contribute to canceled sale agreements and home builder cancellations.
- This market hesitation is a normal reaction to changing conditions, not necessarily a sign of a crash.