On The Market

Will we finally get the rate cuts the Fed hinted at earlier this year? Has the job and housing market taken a big enough hit for us to still be concerned about inflation? And how are more Americans going mortgage-free during such economic uncertainty? The housing market is changing fast, but we’re here to break down all the latest data from recent headlines as we touch on inflation, rate cuts, housing market competition, foreclosure activity, and more!We know what you want to hear about—rate cuts. We’ll touch on the latest Fed update in our first headline, as the chance of a 2024 rate cut increases with last week’s promising inflation data release. This is good news for homebuyers but may make getting a job (or keeping one) challenging. What do we mean? We’ll explain it all at the start of the show. Next, housing competition begins to drop as inventory increases and homes sit on the market longer. Will this lead to a decrease in home prices over the next year? One top listing site believes so.With all this worry about mortgage rates, many Americans are going in the opposite direction as mortgage-free homeownership steadily increases. This could have long-lasting effects on housing inventory, but when will it hit? Finally, we touch on the increase in foreclosure activity and whether or not it’s a sign of a shaky housing market to come!In This Episode We CoverThe Fed’s new rate cut prediction and how big the cut could be in 2024Inflation rate updates and why financial markets celebrated last weekHow a spike in new listings could lead to lower competition and on-market houses sitting longerThe steady increase in mortgage-free homeownership and what happens when these houses get inheritedWhy foreclosure activity is starting to rise, but it may not mean what you thinkAnd So Much More!Links from the ShowFind an AgentFind a LenderBiggerPockets ForumsBiggerPockets AgentBiggerPockets BootcampsJoin BiggerPockets for FREEOn The MarketJoin the Future of Real Estate Investing with FundriseConnect with Other Investors in the “On The Market” ForumsSubscribe to The “On The Market” YouTube ChannelDave's BiggerPockets Profile Dave's InstagramHenry's BiggerPockets ProfileHenry's InstagramJames' BiggerPockets ProfileJames' InstagramKathy's BiggerPockets ProfileKathy's InstagramProperty Manager FinderSee Dave at BPCON2024 in Cancun!Headlines from Today’s Show:Rate CutsHousing CompetitionMortgage-Free Homeowners Foreclosures Book Mentioned in the Show:Real Estate Deal Maker by Henry WashingtonJump to topic:(00:00) Intro(02:11) Fed Gives New Rate Prediction (08:41) Housing Competition Cools Off (22:07) Homeowners Go Mortgage-Free (31:06) Foreclosure Activity Increases Check out more resources from this show on BiggerPockets.com and  https://www.biggerpockets.com/blog/on-the-market-227Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Xander Snyder, Senior Commercial Real Estate Economist, discusses the current low multifamily sales, potential opportunities for buyers with higher cap rates and lower prices. Predictions on price declines, cap rate expansion, and rent growth are covered. Insights on oversupply, market dynamics, and future predictions for the multifamily market are shared.

Explore the comeback of zero-down mortgages and the risks involved. Learn about the new zero-down mortgage option and updates on high interest rates. Analyze house prices per square foot for potential flips and impacts of high interest rates on wood markets. Delve into international housing market trends, investment opportunities, and tax strategies. Discuss house price decreases post-pandemic and complexities of different housing markets worldwide.

South Carolina real estate attorney Gary Pickren discusses the new law potentially leading to a nationwide wholesaling ban. He explains the implications and loopholes of the law, emphasizing the impact on wholesalers across the US. The podcast explores the legal verbiage of the ban and offers insight into navigating the changing landscape of real estate wholesaling.

Experts debate on the most lucrative real estate investment strategies for 2024 - flipping, renting, or new builds. Tips on avoiding risks, finding financial freedom, and investing with minimal time. Insight into landlord insurance challenges and Airbnb income opportunities. Advantages of new construction homes and choosing the right lender for successful investments.

Redfin's Chen Zhao explains why Millennials struggle to buy homes while Gen Z is ahead, covering age trends in homebuying, the 'silver tsunami' of housing inventory from aging Baby Boomers, and the impact of interest rates on real estate. The episode also delves into the 'buy vs. rent' debate and the shift towards renting single-family homes due to affordability issues.

Home prices reach record high, Americans still bullish on real estate as long-term investment. Tips for selling homes faster, Airbnb's measures against party incidents. Comparison between real estate and stock market investments, tax benefits, market trends, and pricing strategies discussed in depth.

Top lenders Caeli Ridge, Krystle, and Kenny Simp discuss the hopeful trend of mortgage rate relief, the best investor loans, and strategies for boosting ROI. They cover loan products like DSCR loans and HELOCs, warning against potential surprises for adjustable-rate mortgages.

Explore the debate on paying off rental properties early, reinvesting, or buying more in 2024. Strategies for high-return investments, optimizing real estate portfolios, and balancing debt repayment with reinvestment. Expert insights on financial planning, leveraging debt for growth, and making informed investment decisions in the current market landscape.

Real estate expert John Sheffield discusses the rising costs of owning property due to climate risks like hotter summers and natural disasters. He highlights the impact on expenses such as insurance, maintenance, and property taxes, urging investors to consider these factors when underwriting deals. Sheffield emphasizes the need to assess climate risks for informed property investments and adapt to the changing real estate landscape.