On The Market 67: The 8 Worst and BEST Housing Markets of 2023
What's the best housing market for real estate investing? If this were 2022, we'd say cities like Boise, Austin, or Phoenix, but things have changed, and many of last year's top real estate markets look like this year's losers. So which cities are the ones worth investing in over the next year? Which will see population, job, and home price growth? And which markets can you expect to sink even lower as interest rates rise and the threat of a recession looms?
We've got a few housing market experts around to help you navigate the plethora of property markets in the United States. James Dainard, master house flipper on the west coast, has a surprising prediction on an often underrated east coast city. Jamil Damji, one of the nation's largest wholesalers, is bearish on what was once a hot market and bullish on a "unicorn" city between two cultural capitals. Kathy Fettke, the Golden State's home builder and investor, picks a fight with a familiar character and has her eyes set on another sunshine state.
And, of course, we also get Dave Meyer's take on where the data says will be the worst and best real estate market to invest in during 2023. So place your bets, get your MLS search ready, and prepare to see which markets will come out on top over the next year. If you're thinking of buying or selling, these picks may completely change your plans!
In This Episode We Cover
The best and worst real estate markets to invest in over the next year
Why so many real estate investors remain bearish on California (even with high appreciation!)
The one real estate market investors love to hate, and a good reason many people are moving
How more prominent economic factors like employment and income significantly impact your investment in a city
The "unicorn" real estate market that has stayed under the radar for decades
Why some of the worst cities to invest in during 2023 will flip in 2024
And So Much More!
Links from the Show
Find an Investor-Friendly Real Estate Agent
Join the Future of Real Estate Investing with Fundrise
Connect with Other Investors in the “On The Market” Forums
Subscribe to The “On The Market” YouTube Channel
Hear Our 2022 Housing Market Predictions
Rocket Mortgage’s Top Real Estate Markets of 2022
Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-67
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