On The Market

229: When Will Home Prices Fall? + The Affordable Housing Solution We All Want

Jun 27, 2024

Experts discuss factors that could lower home prices, investor solutions for affordable housing, strategies for flipping vs. renting, potential markets for investment, and tips for evaluating property prices in a challenging market.

40:37

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Quick takeaways

Factors like job losses and reduced demand can lead to lower housing prices.

Builder incentives and increased density can address affordability challenges in housing markets.

Deep dives

Factors Affecting Housing Prices and Demand

Supply and demand greatly impact housing prices. Factors such as job losses, national recession, increased costs like insurance, and reduced affordability can lead to price adjustments. Decreased demand or increased supply can cause price corrections, making it vital to monitor these elements.

Intro

3min

Factors Affecting Home Prices and Affordable Housing Solutions

6min

Addressing the Challenge of Affordable Housing for First-Time Buyers

14min

Real Estate Investment Strategies and Workspace Recommendations

3min

Investor Preferences in Real Estate Markets

11min

Property Price Evaluation Strategy and Using Online Forums for Advice

2min

When will housing prices drop? Will real estate prices go down, or are we stuck with ever-worsening affordability as home prices continue to rise? What’s the solution to affordable housing, and why can’t investors just build smaller, more affordable homes? Our panel of expert investors gets asked these questions all day, so in this episode, we’re taking the above questions and some others from the BiggerPockets Forums and throwing them at our seasoned investors to get their takes.

First, we ask, “What would have to happen for home prices to drop?” Investor or first-time homebuyer, you’ve probably asked yourself this question. We’ll give an in-depth scenario of the exact supply and demand factors that could cause prices to finally fall. Next, how to create affordable housing and why investors might be the answer. With high home prices, is it better to buy and hold or flip houses in today’s market? Plus, the experts share exactly WHICH markets they see the most potential in today. Finally, you’ll get the pro flipper’s tips for comping properties in a market with barely any home sales.

Do you have a question to ask the experts? Post it in the BiggerPockets Forums, and we may answer it on a future show!

In This Episode We Cover

What would cause home prices to fall and affordability to improve (and if it’s likely)

The investor-friendly solution for affordable housing that could help you build wealth while providing much-needed housing

Flipping vs. renting and what will make you the most money in today’s market

The rarely talked about real estate markets with immense potential that we’d invest in today

How to comp (compare) properties when the market is changing and there are limited home sales

And So Much More!

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