Accelerated Real Estate Investor 299: Auction.com Market Outlook: Supply & Demand, Market Slowdowns and Buying at a Discount with Daren Blomquist
Though our real estate market is still very hot, we’re seeing the first signs of a slowdown. Price appreciation is strong, but inventory is rising and sales are starting to drop–which are some telltale signs.
If you’re investing in multifamily, and especially if you’ve done your first deals in the last year or two, you might be wondering how changing market conditions will affect you. To help answer that question, I’m thrilled to welcome Daren Blomquist back to the podcast.
Daren is the Vice President of Market Economics at Auction.com. He’s a regular guest on CNBC, CNN, and other major news outlets which rely on him to make sense of what’s going on in the housing markets.
In this episode, Daren and I discuss the reasons why the era of bidding wars and insane appreciation may be coming to an end, how our strategy for multifamily acquisitions is changing, and where Daren sees potential opportunities down the line.
Key Takeaways with Daren Blomquist
- Why all signs point to a market slowdown–and why this won’t necessarily make homes much more affordable.
- Reasons why the coastlines experience much more dramatic cycles of boom and bust when it comes to housing prices than the Midwest and other parts of the country.
- Why you’re not going to lose money if you can wait out the storm.
- Where there are opportunities to buy right now for patient investors who aren’t looking for instant gratification.
- The dangers inherent in buying expensive properties and expecting the values to keep going up.
Want the Full Show Notes?
To get access to the full show notes, including audio, transcripts, and links to all the resources mentioned, visit https://acceleratedinvestorpodcast.com/299
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