On The Market

The podcast discusses positive aspects of the housing market, the economy, and the world amidst prevalent negative news. They highlight low core inflation rate, robust GDP growth, and increased new home sales as positive indicators. They also explore the potential benefits for real estate investors in the current housing market, including increased cash flow and the importance of refinancing.

Our 2024 housing market predictions are here. Will interest rates finally fall? Will home prices continue to stay strong even with weak demand? And will we EVER “technically” enter into a recession? We’ve got the full On the Market panel here to give their forecasts on everything that could happen in 2024, plus where the biggest buying opportunities could be.But first, we’ll painfully review our incorrect housing market predictions from 2023 and one BIG guess that we all got wrong. But we’re not the only ones! Both Zillow and Redfin had some predictions that didn’t age too well. From there, we’ll get into 2024 housing price predictions and whether or not we expect to see home prices FINALLY decline after a standstill year.Then, what everyone’s been waiting for—mortgage and interest rates predictions. If these start to fall, you can assume that home prices will rise, a buying frenzy will ensue, and the bidding wars will begin (again). With the potential for a recession at some point in 2024, lower mortgage rates may result from an even worse economic event. So, what IS going to happen? Stick around for our predictions!In This Episode We Cover:Our 2024 housing market, interest rate, and home price predictionsWhat could cause mortgage rates to fall in the latter half of 2024Recession probability and why Americans are spending more than ever beforeWhat we got WRONG in our 2023 predictions (nobody’s perfect)Best real estate investing markets in 2024 and why “unsexy” cities could winThe HUGE opportunity for cash buyers as banks seek to offload propertiesAnd 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 InstagramKathy's BiggerPockets ProfileKathy's InstagramHenry's BiggerPockets ProfileHenry's InstagramJames' BiggerPockets ProfileJames' InstagramHear Our 2023 Housing Market PredictionsWhere America’s Most Accurate Forecaster Sees Home Prices in 2024Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-163Interested 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

In this episode, the hosts review their 2023 housing market predictions and discuss their accuracy. They also make new predictions for the 2024 housing market. Topics discussed include interest rates, inflation, cap rates, and the potential impact of nuclear war. The chapter also explores the relationship between 10-year Treasury yields and cap rates in the housing market, as well as the concept of cap rate in commercial real estate. The episode concludes with the introduction and promotion of the '2024 State of Real Estate Investing' report.

Alison Williams, SVP & Chief Production Officer at Walker & Dunlop, discusses how high interest rates have led to a drop in multifamily and commercial real estate purchases. She predicts a surge in deals in the coming years as inexperienced operators are forced to give up properties. Williams shares advice on securing funding and highlights the opportunity for new investors to pick up properties at discounted prices. With limited availability of funds from banks, immediate action is crucial in the Midwest real estate market.

WeWork goes bankrupt, buying a house is deemed a "bad" idea, and Zillow stock has a fire sale thanks to the recent NAR lawsuit verdict. In other words, it's just another day in the 2023 housing market. Didn't have time to catch up on the news? Don't worry; we'll get you up to speed on everything happening in the world of real estate and how YOU can take advantage of this rocky market.First, we'll talk about how the NAR lawsuit verdict sent ripples throughout the economy, sending real estate-related stock prices way down for companies like Zillow, Compass, and Redfin. This verdict could mean a devastating blow to brokerages across the country, so what will the future of buying and selling be like? Next, we discuss commercial real estate's continuous slog and why top commercial executives expect an even SLOWER 2024. But there is some good news for buyers…And if you love little offices and coworking spaces, we're sorry because WeWork filed bankruptcy earlier this month as the office space gets battered. Finally, we'll finish with a recent headline about how HALF of America thinks now is a BAD time to buy real estate. Are they wrong? Are they bad at math? Should you still be buying? We'll answer all that and more on this episode!In This Episode We Cover:The NAR lawsuit's ripple effects that will affect the entire real estate industryCommercial real estate's sales slump and why 2024 could bring even better dealsWhy WeWork Won'tWork and what their massive bankruptcy means for the office spaceAmerica's ongoing housing market pessimism and why buying with high mortgage rates ISN'T such a bad ideaAnd 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 InstagramHenry's BiggerPockets ProfileHenry's InstagramJames' BiggerPockets ProfileJames' InstagramKathy's BiggerPockets ProfileKathy's InstagramNAR Slapped with $1.8B Lawsuit Payout, Ripple Effects Could Be “Enormous”Stories Mentioned in Today’s Show:ZillowCommercial Real EstateWeWorkHome Buying SentimentClick here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-160Interested 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 US economy is on the brink of a recession, but consumers don’t seem to care. Consumer spending is up, credit card debt is through the roof, and the average American’s excess savings have been depleted. Could this financial rager we’re throwing end in chaos for the US economy? Or are these frightening metrics pointing to something else entirely? Today, Dave will get into the nitty-gritty details of the US consumer.After some serious pandemic stimulus, Americans were riding high, buying whatever they could with their stocked-up savings. But now, economic sentiment among Americans is starting to fall, and many believe a recession could be around the corner. With consumer spending making up the majority of economic activity in the US, if it starts to fall, our economy could go down with it.Dave will give you the numbers and updates you need to know EXACTLY what’s going on with the US consumer, whether or not rising debt and spending really matters, and the factors that could force spending to fall.In This Episode We Cover:Why consumer spending is exploding at a time when recession risk is highDeclining consumer sentiment and why Americans are fearful of the future All-time high credit card debt and whether or not delinquencies are rising with itWhen Americans’ “pandemic savings” will run out Resuming student loan payments and how they could hurt the average consumerAnd 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 InstagramHere’s What the U.S. Consumer Tells Us About the State of the Economy4 Economic Triggers That Could Send Us Into a RecessionRecession Risk Rises as U.S. Consumer Spending EXPLODESClick here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-159Interested 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

Today, we’re sharing the five best vacation rental markets that’ll make you more money than anywhere else in the US. The best news? More than half of the markets on this list have vacation homes either under or around the median home price of the US, so you don’t need to splurge to buy your perfect beach-side short-term rental. What are the markets, and why have you probably never heard of them? Tune in; we’ll give you the top five markets AND where to find the full twenty-five market list!But before we take any credit, this list comes from our friends at Vacasa, and their own Daned Kirkham is on the show to walk us through it. Daned and his team go through tens of thousands of data points, from average nightly revenue to insurance costs, expenses, improvements, average home prices, and more, to come up with a definitive list of vacation rental markets that’ll give you the best bang for your buck.This list even has markets where you can find cap rates OVER ten percent (yes, in 2023), so if you’re starving for some short-term rental cash flow, THESE are the markets you can’t afford to overlook.In This Episode We Cover:2023’s five best short-term rental markets in the United StatesWhy young real estate investors are forgoing primary residences and buying vacation rentals insteadCap rates explained and the methodology behind ranking these top tourist citiesThe tiny beach town that has an explosive population of tourists The ten percent cap rate lake city with affordable vacation home pricesAnd 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 InstagramFacing Strict Short-Term Rules, Airbnb Shifts to a New Type of “Host” w/Airbnb’s Jesse SteinHow to Buy a Vacation Rental PropertyCheck Out the Vacasa Lists:Top 25 Best Places to Buy a Vacation HomeBest places to buy a beach house 20238 best mountain biking townsConnect with Daned:VacasaDaned's LinkedIn Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-158Interested 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 NAR lawsuit just ended in a way almost no one expected. The NAR (National Association of Realtors), America’s largest association of real estate brokers, agents, appraisers, and more, just got dealt a blow that there may be no recovering from. This lawsuit, which focused on agent commission splits, ended in a $1.8B blow to NAR, and this could be just the beginning of a slew of lawsuits like this.To explain all the messy details, we brought Business Insider reporter James Rodriguez back on the show to explain this massive lawsuit, the verdict, and what this means for the entire real estate industry. This major lawsuit alone could bring sweeping changes to how agents buy and sell real estate and how they’re paid. Even more ground-breaking, the future of buyer’s agents now seems murky at best and non-existent at worst, as these commission structures may make buyer’s agents’ jobs almost obsolete.If you’re an agent, investor, buyer, seller, or broker, the effects of this lawsuit CANNOT be ignored because if the dominos continue to fall, we could wake up to an entirely new real estate landscape. In This Episode We Cover:The NAR’s real estate agent commission lawsuit explained The $1.8B verdict and why this could swell up to over $5B in losses for the defendantsWhy NAR and Keller Williams, two massive companies, weren’t able to win this caseThe future for real estate agents and how this could crush their commissions“Enormous” ripple effects that could come as a result of this lawsuitWhy NAR’s CEO decided to jump ship after the verdict was announcedAnd 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 James on This LawsuitThe multibillion-dollar lawsuits that could radically reshape how we buy and sell homes foreverConnect with James:James’ Profile – InsiderJames’ TwitterClick here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-157Interested 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

Airbnb is looking for a new type of host: renters. With housing costs rising nationwide, homeowners have almost always been able to rent out their properties to make an extra buck. But, until now, renters haven’t had the same opportunity. And, as mortgage rates rise and rents stay high, many renters are biding their time, hoping to save up enough so that when rates drop, they can snag the home they’ve been dreaming of. Airbnb is trying to make this easier.Jesse Stein, Global Head of Real Estate at Airbnb, is no stranger to the world of hospitality. His background with hotels made him the perfect candidate to join Airbnb. Jesse comes on the show to talk about the short-term rental industry, where it’s heading, whether or not it’s growing, and a new type of “host” that Airbnb is trying to help create. Jesse’s team at Airbnb has partnered with some of the largest apartment communities in the country to offer renters a deal that’s almost too good to pass up: the ability to rent their place while they’re away. Now, high-cash flow house hacking isn’t just reserved for homeowners, and a move like this could help with the wallet-crushing affordability issues we’ve talked about so many times on the show.In This Episode We Cover:Short-term rental market trends and why consumers are still spending so much on travelGrowing regulations and Airbnb’s response to cities cracking down on short-term sublettingThe new “Airbnb?friendly apartments” that allow renters to house hack like never beforeRenting vs. buying a home in 2023 and the savvier of the two choicesThe rise of medium-term stays and why more renters are using Airbnb for longer trips And 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' InstagramHow To Start An Airbnb In 6 Easy StepsHouse Hacking 101: What It Is and How to Get StartedStart Hosting on Airbnb TodayRead the Airbnb Q3 Earnings Call TranscriptClick here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-156Interested 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

Discover the eight best housing markets you've never heard of before. These underrated markets offer cash-flowing real estate, cheap home prices, and strong economies. From college football towns to beach cities and manufacturing centers, these cities have great investment potential. The podcast also highlights the significance of population growth in real estate investment and the advantages of investing in college towns. With affordable properties and growing populations, these markets are worth considering.