On The Market

Home prices will rise, home sales will jump, and mortgage rates will fall to a familiar range, according to Fannie Mae’s Doug Duncan. In their newest consumer sentiment survey, Fannie Mae points to a “tale of two housing markets” where both buyers and sellers are stuck. Rates aren’t low enough to get back into the housing market, and with prices set to rise, why should homeowners sell?Doug provides some incredible insight on today’s episode, explaining why housing market sentiment is still so low, what could boost homebuying demand, and where Fannie Mae expects mortgage rates to be in 2024 and 2025. If you’re praying for rates to hit the rock-bottom levels of 2020 and 2021, Doug has some news you NEED to hear.But rates and prices aren’t the only factors impacting buying/selling. Our huge undersupply of housing is making the market even more competitive as builders remain stuck, forced to pay high interest rates and high labor costs, all during a time when most of America doesn’t want to purchase. How do we get out of this housing market stalemate? Stick around as one of the top minds in housing gives us his answers.In This Episode We Cover:Fannie Mae’s newest housing market sentiment numbers and what they mean for buying/selling2024 vs. 2008 and the factors causing so much property purchasing pessimismThe mortgage rate “range” we can expect in 2024 and 2025The three factors that MUST change if we’re to see a return back to a normal housing market Recession indicators that are going off, EVEN with today’s solid economic growthThe massive construction constraint that’s stopping more inventory from coming on the marketAnd 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 ProfileDave's InstagramWhere America’s Most Accurate Forecaster Sees Home Prices in 2024 w/Doug DuncanWith Mortgage Rates Set To Drop, Will This Be the Year Sellers Come Back?HousingWire CEO: This Inventory Shortage Could Last DecadesFannie Mae’s Latest National Housing SurveyConnect with Doug:Fannie MaeDoug’s LinkedInClick here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-184Interested 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

The “frozen” housing market is about to get blowtorched as competition is set to heat up in 2024. With lower mortgage rates, bigger investor tax benefits, positive economic sentiment, and tight inventory, homebuyers will need to act fast unless they want to make the same mistakes of 2021 and 2022. Are the bidding wars and price hikes coming back? Will we look back at 2023 as an “affordable” time to buy a house?Welcome to the first On the Market Headlines Rumble Show! We’re putting Dave, Henry, James, and Kathy in a metaphorical cage match as they each bring hard-hitting headlines to knock each other out with bigger and better news. No physical punches will be thrown, but psychological piledrivers will be aplenty in today’s show.We’ll talk about the “frozen” housing market reigniting in 2024 due to stiff competition, low inventory, and falling mortgage rates. Next, why Americans are giving up on college degrees and going straight into employment. A MASSIVE investor tax write-off could make a comeback as bonus depreciation goes BACK on the legislative table. Plus, why Blackstone, everyone’s favorite hedge fund, is buying BILLIONS of dollars in housing in the US and Canada. In This Episode We Cover:Housing market competition and what could cause higher prices, bidding wars, and more seller powerA 100% bonus depreciation comeback and whether investors should bet on bigger write-offsSinking college confidence and the surprising statistics showing Americans’ lost faith in higher educationNew housing starts numbers that could signal even MORE competition to comeBlackstone’s $3.5 BILLION bet on the American (and Canadian) housing marketNewest consumer sentiment survey results showing a surprising change of tune for AmericansAnd 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 ProfileDave's InstagramJames' BiggerPockets ProfileJames' InstagramHenry's BiggerPockets ProfileHenry's InstagramKathy's BiggerPockets ProfileKathy's InstagramFrozen Housing MarketInvitation Homes Rent-GougingMortgage Applications SoarCollege DegreesTax Breaks and DepreciationSingle-Family Construction StartsBlackstoneConsumer SentimentClick here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-183Interested 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

CNBC journalist Jessica Dickler discusses the 'silent depression' trend in the American economy, examining high inflation, limited wage growth, and low homeownership for millennials and Gen Z. The podcast explores the disconnect between the economy and people's perception, the impact of social media on financial situations, and frustrations with mislabeling economic issues.

Expert multifamily investors Brian Burke and Matt Faircloth discuss the current state of the multifamily market. They explore the challenges of finding profitable deals, the potential drop in prices, and the opportunities for investors to buy at a discount. They also share strategies for entering the market, investing in cash flowing assets, and their plans for 2024.

Rick Sharga, a real estate expert at CJ Patrick Company, reveals the significant boost in investor optimism for the housing market. He discusses the latest investor sentiment survey, highlighting the strategies that will see explosive growth. The podcast explores the resurgence in rental property investing and house flipping, low mortgage rate predictions, and the biggest concern of investors. It also touches on challenges faced by flippers, the outlook for the housing market, and market insights from a guest.

CBRE's Richard Barkham discusses the state of the multifamily and commercial real estate market, including cap rate forecasts, why struggling multifamily investments didn't get foreclosed on, and the potential impact of oversupply. He also touches on the current macroeconomic climate, sector analysis, affordability, and the speculation of distress in the multifamily market.

The podcast discusses the negative economic sentiment among Americans, despite positive job growth and wage increases. They explore the concept of labor hoarding and how it affects the economy and real estate investing. The hosts also talk about the impact of remote work on job applicants and real estate investors. They analyze how media influences people's perception of the economy and discuss the trend of corporations building 'company towns' to attract young technology talent. The episode concludes with gratitude to listeners and a promotion for a free report on real estate investing in 2024.

Discover the three essential steps to building wealth with real estate in 2024. Learn how to design your desired lifestyle before investing, pick the right properties, and maximize your earnings. Find out about the latest homeowner equity numbers, the most and least home-equity-rich housing markets, and the rise of accidental investors. Dave Meyer shares his strategies in his new book, providing valuable insights and offering a discount code for listeners.

Molly Boesel, Principal Economist at CoreLogic, discusses the high level of home equity in America and its impact on the housing market. Topics include the rise of accidental investors, the reluctance of homeowners to sell, and the potential effects on housing supply and prices. The chapter also explores the combination of high equity and low mortgage rates, as well as factors influencing equity growth.

The housing market has two big problems: home prices and a lack of supply. With so few homes on the market, buyers have barely anything to choose from, and sellers remain in control. But how did we get to this point? Back in 2008, there were too many homes on the market, and we all know what happened to home prices. So how did we go from being oversupplied to undersupplied by MILLIONS of housing units so quickly? The answer is pretty simple.Mark Zandi, Chief Economist at Moody’s Analytics, joins us again to give his take on the 2024 economy, the housing market, home prices, and our massive underbuilding problem. The last time Mark was on the show, he explained the “slowcession” that could have taken place in 2023. Instead, a roaring economy took off with low unemployment, high consumer spending, and real wealth increases for many Americans.But, as we head into 2024, there are still a couple of BIG problems: little-to-no housing supply and a polarizing presidential election of epic proportions. Both of these will have big impacts on the economy, and if you want to know what could be coming next, don’t miss this episode!In This Episode We Cover:The “rip-roaring” labor market and why unemployment has stayed so lowWhy middle and high-income households are thriving while low-income households are struggling even moreThe Fed’s recent rate pause and whether it was the right move for them to makeThe 2024 election and the huge effects it could have on the economyOur lopsided housing supply and why we’ve been building the wrong real estate for too longMarks’ 2024 home price predictions and why weak/flat pricing could be in our futureAnd 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 ProfileDave's InstagramHear Our Last Episode with Mark on the US Bank FailuresHome Building is Exploding, But Will it Solve Our Inventory Crisis?Connect with Mark:Economic ViewMark's X/TwitterClick here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-175Interested 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