On The Market

Holding on to hope that mortgage rates could hit four or even three percent again? Unfortunately, that doesn’t look likely, at least to Liz Ann Sonders, Chief Investment Strategist at Charles Schwab. While Liz spends most of her waking hours thinking about the stock market, she always has her finger on the overall economic pulse. Whether it be bond yields, mortgage rates, economic cycles, or banking crises, Liz Ann needs to know market moves in order to manage Charles Schwab’s $8 TRILLION in assets.For most heavy real estate investors, the stock market is confusing at best and a game of chance at worst, but NOT knowing what’s happening in one of the largest investment markets in the world could be to your detriment. Since the stock market moves quicker and reacts to economic data at almost instant speed, real estate investors can get ahead by popping out of the property market we’re so preoccupied with.In today’s episode, Liz Ann not only touches on the state of the stock market but why so many investors are acting out of pure emotion (and not logic), the effect rising bond yields will have on mortgage rates, why savvy investors refuse to “fight the fed,” and the “rolling recession” that could explain 2023’s constant economic hills and valleys.In This Episode We Cover:The “rolling recession” and why its economic effects won’t hit us all at onceWhy mortgage rates won’t go back to 2021 levels EVEN when bond yields fallThe psychology of emotional investing and why most investors are forfeiting data when making decisionsNew “bullish” signs from stock investors and what they’re investing inWhy waiting for a recession to invest could be a MASSIVE financial mistake 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 InstagramThe Fed Just Got One More Reason to Hike Mortgage RatesIs Now the Best Time to Get Into the Stock Market?Connect with Liz:Liz on Charles SchwabLiz's Twitter/XClick here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-134Interested 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

Housing affordability has reached lows that most Americans never knew existed. After home prices had an unprecedented multi-year run-up and mortgage rates got hiked, the average home buyer was out of luck. They couldn’t afford a house, and even if they could, the chances of getting one were slim to none when no inventory existed. Many now hold on to a hope that affordability could be around the corner, but this isn’t looking likely, at least not according to the most accurate forecasters in the country. Doug Duncan, SVP and Chief Economist at Fannie Mae doesn’t just do the standard housing market forecast models. His team at Fannie Mae has come up with the most accurate predictions of the housing market to date through a combination of judgment, market sentiment, and math. Today, Doug is on the show to give his data-backed take on home prices, mortgage rates, and the affordability crisis. There is some good news for homeowners and not-so-good news for home buyers, but Doug brings some solid advice for those still struggling to buy a home, plus a forecast of when things could finally turn around. If you want to know whether a recession is still in the cards, what home prices will do, and when affordability will reach equilibrium, tune in!In This Episode We Cover:A 2024 home price forecast that most didn’t think was possible Housing affordability and why we may not see relief for YEARS to comeRecession watch and whether or not we’re in the economic clear Data modeling and why you CAN’T just rely on the math for your housing market predictions Advice to first-time home buyers and what you MUST have before you try to buy 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 InstagramGrab Fannie Mae’s ForecastHousing Market Affordability Has Crossed a Concerning Threshold in the U.SConnect with Doug:Fannie MaeDoug's LinkedInClick here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-133Interested 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

Economists debate whether the housing market recession is over, with home prices dropping in some areas but remaining hot in growing regions. The hosts discuss the impact of rising mortgage rates and tightening credit standards on buyer activity. They also emphasize the importance of deposit size and debunk misconceptions about low-ball offers. The podcast explores housing market trends and investment opportunities in different markets, highlighting Japlin, Missouri as a cash flow market. There is a discussion about the effectiveness of direct-acceler marketing and a charity event affected by controversial comments. The episode concludes with an introduction to Smarter, a free real estate investing framework.

Rick Sharga, founder of CJ Patrick Company and former EVP of Market Intelligence, shares the findings of his investor survey. Investors think the housing market could get better soon due to high mortgage rates and financing fatigue. They discuss the challenges investors face, the future of home prices, and the potential for another hot housing market.

Looking for a high-cash-flow real estate market? Well, you’ll need low home prices to make that happen. With mortgage rates still at multi-decade highs and affordability at forty-year lows, there isn’t much cash flow to around…unless you’re investing in one of these markets. And while “cheap” rarely means “good,” there are a few housing markets on this list that investors can feel safe parking their money in.Unless you have a million dollars in the bank or already own a portfolio of beachfront homes in Hawaii, you’re probably looking for the best market to stretch your investing dollars. Thankfully, we’ve got just that as the On the Market panel covers the ten most affordable housing markets in the United States. We’ll get into the nitty-gritty of the top four and highlight which we’d invest in and steer clear from.Some of these markets have huge manufacturing entering the area, prompting massive job growth that could surge home prices. But, with most unaware of this type of economic movement, investors like you can take advantage by getting into these affordable markets before they become boomtowns!In This Episode We Cover:The ten most affordable real estate markets across the country (and which we’d invest in)Two markets that are about to experience massive job growth but STILL offer low pricesCash flow vs. appreciation and which market to invest in if you want LONG-term wealthEntering the “investor’s market” and why real estate investors have the upper hand in 2023How to vet a rental property market and the metrics you MUST pay attention to before you buyAnd 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 InstagramJamil's BiggerPockets ProfileJamil's InstagramKathy's BiggerPockets ProfileKathy's Instagram10 Most Affordable Markets List2022’s Most Affordable Housing MarketsClick here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-130Interested 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 housing market has dealt a tough hand to real estate investors as of late. Prices are staying the same, but mortgage rates are rising, rents have peaked, and so-called “easy” investments have been increasingly difficult to manage. The “lazy” investors who bought simple short-term rentals are now sitting with empty units, and BRRRRers that never adjusted their strategy are stuck with standard houses producing bleak returns. What’s the right move to make when investing is harder than ever before?We wanted to know what’s REALLY happening in the housing market. So we brought on short-term rental expert Avery Carl, father of the BRRRR method David Greene, and luxury flipper James Dainard, to get their opinions on what’s working, what isn’t, and what investors should do now. Surprisingly, all these experts agree that ONE type of investing is the best way to go, and it’s such an obvious choice that you may miss it.But, before this real estate investing strategy smackdown begins, we’ll get to know the current states of short-term rentals, flipping, and BRRRRing, plus which strategies are making money and which are falling flat. This is a new housing market; if you want to make it, you can’t play by the same rules.In This Episode We Cover:The ONE investing strategy ANY investor can use to make more money in 2023 The short-term rental slowdown and why basic hosts are in troubleFlipping houses and the almost unbelievable returns you could be making in today’s marketWhy “lazy” investors are about to get crushed (and what they can do about it)BRRRR blunders and why this strategy may have to be put on ice until rates dropAvoiding the “turnkey trap” that’ll tie you to a boring house, making bleak returnsAnd 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' InstagramBook Mentioned in the ShowBRRRR by David GreeneThe Book on Flipping Houses by J ScottShort-Term Rental, Long-Term Wealth by Avery CarlConnect with Dave and Avery:Avery's BiggerPockets ProfileAvery's InstagramAvery's WebsiteDavid's BiggerPockets ProfileDavid's InstagramDavid's Website Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-129Interested 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

Real estate investing advice is everywhere, especially from people who don’t invest. You’ve seen the financial influencers screaming, “Don’t buy!” or “Wait for the crash!” often while doing a little dance or pointing to some cherry-picked statistics. While this amateur advice rarely gets considered by investing experts, those who are just getting started are susceptible to following this dumpster fire of investing guidance and will end up losing money as a result. But don’t worry; we’ve brought the antidote to this horrible advice.We got the entire On the Market panel together to give their favorite pieces of lousy investing advice and what to do instead so you can ACTUALLY build wealth. From waiting for the crash to only buying foreclosures to purchasing a property way over your budget, this real estate investing advice is some of the worst, if not most hilarious, we’ve seen in a long time. And with the economy on the edge of a recession, now is NOT the time to take money tips from twenty-two-year-olds on the internet.For every piece of bad advice we get, we’ll give you our personal, time-tested advice on what we’d do in today’s housing market. Some of this expert advice may shock you since it goes against what everyday investors have been told. But, if you follow it, you could be building wealth like our multi-millionaire guests! In This Episode We Cover:The one “risky” real estate strategy that has made our guests millions Who should (and definitely shouldn’t) become a real estate agent “Buying the dip” and why getting in at the bottom isn’t always a bright ideaDiscounted deals vs. buying at retail value and which markets require which strategyThe dangerous bet you’re making when buying during high mortgage rates Investing in new construction homes and the one scenario where you MUST avoid doing soAnd 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 InstagramJamil's BiggerPockets ProfileJamil's InstagramKathy's BiggerPockets ProfileKathy's InstagramBook Mentioned in the ShowHow to Wholesale Real Estate by Jamil DamjiClick here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-128Interested 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

Could mortgage rates fall in 2024? And if so, how low will they go? What happens if home prices rise; could the Fed make things even harder for buyers? And what’s the one thing that could cause sellers to hike prices again? We have good news for you if you’ve been noodling on these unanswered questions. Dave Meyer is here to quench your thirst for data with this month’s AMA (ask me anything)!If you want to unlock this FULL episode, ad-free podcasts, and unlimited BiggerPockets audiobooks, click here to sign up for the BiggerPockets Playlist Membership. For only $100/year, you’ll get access to all that AND time-sensitive investing episodes like this that will help YOU make better investing decisions.Sign up today to hear Dave’s take on:When mortgage rates will fall and how low they’ll go The Fed’s next moves and what they’ll do if home prices rise Home price predictions and why deals could get even harder to findWhat to do TODAY if you’re starting from zeroHow to invest your first $25,000 and the EASIEST way to get into real estate Whether or not the short-term rental market will recover Whether a hot dog is or is not a sandwich, and why this American classic breaks the rules of handheld food And So Much More!Check the full episode here: https://biggerpockets.com/playlist Learn more about your ad choices. Visit megaphone.fm/adchoices

Real estate agents had it made over the past two years. When mortgage rates were low, buyers lined up to make bids, sellers were ready to upgrade, and properties were flying off the shelves. For almost any agent in any market, business was booming, and it seemed like it wouldn’t ever stop. Then mortgage rates began to rise, monthly payments became dangerously unaffordable, and the agents looking for easy commissions disappeared. But what if an industry expert told you there was still hope to help buy and sell homes?Nick Bailey, President and CEO at RE/MAX, has been in the real estate business since he was a teenager. After buying the building his local pizza shop operated in, Nick went on to house hack in college, building an impressive career at not only RE/MAX but Century 21 and Zillow. He understands the agent business better than anyone and wants YOU to know the secrets to success.In today’s episode, Nick touches on the shocking statistic that most real estate agents fail, why average agents are struggling in today’s market, how homebuyers can get around today’s high fixed interest rates, and the one thing you NEED if you want to take home consistent commission checks.In This Episode We Cover:Fixed-rate vs. adjustable-rate mortgages and new loan products that put buyers in a better positionMarket trends and why fix and flippers are becoming (temporary) rental property ownersWhy most real estate agents fail (and the steps to success that top agents follow)How to find a great agent, whether you’re a first-time home buyer or investorNiching down and why modern agents will FAIL if they can’t find their focusWhy agents MUST do more than sell real estate to build wealth 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' InstagramBooks Mentioned in the ShowThe Agent's Edge by Jordan CohenConnect with Nick:Nick's LinkedInClick here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-127Interested 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

Need housing market predictions? We’ve got them. Unfortunately, they may not be exactly what you want to hear. While most landlords hope and pray that mortgage rates will head down and the housing market will finally open back up, reality paints a much different picture. With inflation still high and the Fed refusing to budge on rates, we could be in for a wild ride over the next six months. So, what will unfold before the clock strikes midnight at the end of 2023? Stick around and find out!We brought in the heavy hitters for today’s episode. J Scott, syndicator and author of numerous best-selling real estate books, but most importantly Real Estate by the Numbers, brings his stoic and scarily accurate take to the podcast. But that’s not all. BiggerPockets CEO Scott Trench joins us to give his investor, executive, and homeowner opinion on what’s happening in the housing market. Of course, Kathy Fettke, multi-decade investor and syndication expert, brings her unique view from booming markets.We’ll go over the housing market, inflation, interest rates, unemployment, and the overall state of the economy in this show. From explaining why the Fed will either drop or raise rates this year to examining the impact of a potential recession, then discussing the somewhat cherry-picked stats chosen by the Fed, this episode goes MUCH deeper than real estate, and you could get caught off guard this year if you don’t know what’s coming.In This Episode We Cover:2023 housing market predictions and why “things are going to be messed up” for years to comeWhy mortgage rates could fall (or rise) and what could cause the Fed to move Unemployment stats and why the “gig economy” could be in danger False inflation numbers and what will force inflation to drop, then spike, this fallThe commercial real estate crash and why multifamily investors could see a profitless next few years 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 InstagramKathy's BiggerPockets ProfileKathy's InstagramHear Our Interview with Fed Expert, Nick TimiraosBooks Mentioned in the ShowReal Estate by the Numbers by J Scott and Dave MeyerConnect with J:J's BiggerPockets ProfileEverywhere ElseConnect with Scott:Scott's BiggerPockets ProfileScott's InstagramClick here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-126Interested 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