On The Market

Home prices could become affordable without any of us noticing. In fact, home prices don’t even have to fall for the housing market to enter into a mild correction. With affordability hitting lows that we haven’t seen since the seventies and eighties, what could save today’s home buyers from paying for one of the most expensive mortgage payments of all time? Something must be done. And thankfully, it might already be happening.If you want to know the truth behind silent housing corrections, market-abandoning buyers, and where we could be headed, you better ask Andy Walden from Black Knight. We brought Andy on the show to talk about everything from mortgage rates to unaffordability, delinquencies, foreclosure fears, and what can be done to help our home buyers. Andy spends all day, every day, playing with some of the most vital proprietary property data sets imaginable, and he has an answer to almost every question.In this episode, Andy speaks on the housing market correction that could happen without home prices falling, why more home buyers are leaving the market, how mortgage rates could fall without the Fed’s input, and what could cause delinquencies to finally rise.In This Episode We CoverThe silent housing correction and what could cause affordability to riseMortgage rate lock activity and why we’re hitting all-time lows for home buyingBond yields, mortgage spreads, and how rates could fall without the Fed intervening The housing inventory crisis that’s causing home prices to stagnateDelinquency forecasts and two big events that would put homeowners in a tight spotAnd 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 the Latest Mortgage MonitorWhat Is a Housing Market Correction and How Does It Really Impact You?Connect with Andy:Work with Andy and His TeamCheck the full show notes here: https://www.biggerpockets.com/blog/on-the-market-115Interested 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 market forecasts, affordability false flags, forty-year mortgages, and a baby boomer shopping spree. Today, we’re touching on anything and everything affecting the housing market as the full On the Market panel joins Dave Meyer to answer YOUR most-asked questions. Dave has been collecting questions from viewers to have a rapid-fire question-answering round with some of today’s top real estate investing experts. If you want to know what will happen next in the housing market, tune in!We invited the whole crew to give their opinions on today’s investing market. We’ll talk about whether the real estate market’s “crash” is tied to stock performance, affordability and how ADUs (accessory dwelling units) may have shot home prices even higher, and the new forty-year mortgage and whether or not it’s a safe option for everyday home buyers. But, we’re also peaking into our crystal balls to give some BIG housing market predictions for the next few decades.Kathy talks about how average home prices could hit seven figures (seriously!) within our lifetime and why buying now may be your last chance to snag an “affordable” home. Then, to wrap things up, our expert guests share which asset class they’d invest in TODAY that could lead to a HUGE payoff in just a few years. The market is changing; stick around so you’re not left behind!In This Episode We CoverWhat we’d invest in TODAY that could see HUGE profits in the next few yearsFinding the housing market’s bottom and whether or not we’ve already hit itHousing affordability and why ADUs (accessory dwelling units) may have hurt home buyersA thirty-year real estate prediction and how high home prices could getThe new forty-year mortgage, who’s applicable to get one, and affordable loan optionsBaby boomer buyers, rising birth rates, and demographic trends that could seriously affect the market Mortgage rates explained and why lenders won’t undercut their competitionAnd 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 InstagramJamil's BiggerPockets ProfileJamil's InstagramHenry's BiggerPockets ProfileHenry's InstagramJames' BiggerPockets ProfileJames' InstagramKathy's BiggerPockets ProfileKathy's InstagramHear Our Interview with Chris MartensonHousing is Unaffordable, But Could It Actually Get Worse?Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-114Interested 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 is stuck. Stubborn homeowners with low rates refuse to move, even as demand starts to pick back up. Homebuilders are driving ahead with more new construction homes, but is it too late to deliver the supply we so desperately needed only a year or two ago? Where is the housing market moving next, and how long will we be stuck in this standoff? Ivy Zelman from Zelman & Associates successfully predicted the last housing crash, so what does she have to say about today’s market?Ivy is a thought leader in the real estate research space. Her credibility has been showcased repeatedly as her team accurately forecasts numerous housing market moves. Constantly on the phone with institutional buyers and builders, Ivy tends to know what’s happening before even the top forecasters. In this episode, Ivy gives her opinion on today’s housing market, why buyers and sellers are “stuck,” and whether or not the “underbuilding” problem is even an issue as demographic trends start getting dangerous.She also shares which real estate markets are in the most danger, the concerning catastrophe facing many southern states, and the markets she’s most bullish on that could withstand the test of time. But, more importantly, Ivy shares her thoughts on whether or not real estate is still worth investing in and why it may be time for landlords to diversify into other assets that don’t come with such a considerable risk.In This Episode We CoverThe single greatest danger affecting the housing market in 2023The new vs. existing home challenge and why homeowners are stuck in placeAffordable housing and why the “underbuilding problem” isn’t what you think it is“Tremendous” competition for rentals and which investors should be concernedUnderrated housing markets that are seeing strong demand and demographic tailwinds2008 vs. 2023 and whether another housing crash is even feasible in today’s 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 InstagramJamil's BiggerPockets ProfileJamil's InstagramHear Our Last Interview with IvyConnect with Ivy:Ivy's EmailIvy's WebsiteCheck the full show notes here: https://www.biggerpockets.com/blog/on-the-market-113Interested 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

Home sales have been falling fast since interest rates rose last year. After a spree of house shopping and record-low mortgage rates, homeowners sit comfortably in 2023. They’ve got affordable monthly payments, a home that is (probably) bigger or better than their last one, and expect a potential recession sometime soon. So why would today’s homeowners give up all that security to buy in a hazardous market? Mark Fleming from First American has been trying to uncover the answer.Mark serves as Chief Economist for First American, one of the United State’s leading title companies. Mark’s job is to predict and forecast the housing market, home sales, and buyer activity. And in 2023’s topsy-turvy economy, this is becoming a little more difficult. Mark has built a model to help predict home sales, looking at key factors like household formation, affordability, current mortgage rates, demographics, and more. And he’s got some interesting findings to share.The days of low interest rates and property upgrading may be over. Homeowners are now staying in their houses for twice as long, holding off on buying their next home until favorable conditions arise. But, this creates a “prisoner’s dilemma” for home sellers and buyers. With most of the United State’s potential property inventory sitting in the hands of those who refuse to sell, we’re answering, “What happens next?” in this episode.In This Episode We CoverHome sales predictions and what happens when there is NO available inventory Loose monetary policy and how low interest rates caused an affordability spike Two critical factors that drive the market to soar or slump Home turnover and why today’s homeowner is “locked-in” and refusing to moveThe “prisoner’s dilemma” that’s caused the housing market to stagnate A return to the “new normal” and what future homebuying could look like 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 InstagramInventory Shortage Could Continue As Interest Rates Rise and Homeowners Feel “Locked-In”Connect with Mark:First AmericanREconomy PodcastCheck the full show notes here: https://www.biggerpockets.com/blog/on-the-market-112Interested 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

Everyone wants to know how to get rich in a recession. The problem? With many asset prices plummeting and a bipolar real estate market, parking cash in any asset could be considered a risk. But, a particular sect of real estate still makes money even if the housing market starts to crash and home prices freefall. This is one of the lowest-risk ways to start investing, especially during a recession, and it made our expert guests, James Dainard and Jamil Damji, very wealthy.James and Jamil have been using this strategy since the early 2000s. When home prices started plummeting in 2008, buying rentals became risky, and fix and flips got decimated. Thankfully, this often misunderstood type of “investing” allowed them to capitalize on the price action, picking up deals that would make great buys and passing them along to buyers who could hold their own during the crash. This same strategy still makes them millions of dollars today, and you can start using it!In Jamil’s newest book, How to Wholesale Real Estate, you’ll learn how to build a scalable wholesale business without much cash, experience, or contacts. This is one of the BEST ways for new investors to get started and is a phenomenal source of supplemental income for investors and flippers who have too many deals on their desks. Think it’s too late to make money in an economy like this? Think again!In This Episode We CoverJamil’s newest book, How to Wholesale Real Estate, and using it to get your first deal doneWholesaling explained and why “trading” real estate may be better than investing in itRecession-proof real estate investing and why wholesaling is one of the lowest-risk ways to start making money in real estateMillion-dollar relationships and the people you MUST have in your circle to be successfulFinding buyers and why investors don’t disappear even when home prices start to fallThe housing markets that are on FIRE for wholesalers (and which are showing HUGE opportunity) 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' InstagramJamil's BiggerPockets ProfileJamil's InstagramBook Mentioned in the Show:How to Wholesale Real Estate by Jamil Damji (use code “WHOLESALE110” to get 10% off)Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-111Interested 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 REFUSES to slow down. Last year, homebuilders had a bleak outlook for 2023 home buying, but now, not even halfway through the year, they’ve reversed their sentiment with high hopes that demand stays red hot. How is this even happening? With mortgage rates higher than they’ve been in years and barely any inventory on the market, wouldn’t buyers take the hint and let their foot off the gas? We brought back John Burns from John Burns Research and Consulting to give us some answers.John’s team has some of the freshest housing market data available. With over 1,000 research contracts a year, they’re constantly talking to homebuilders, buyers, flippers, and everyone in the home-buying process. John touches on household formation and why millennials are saying “no” to roommates, even as prices rise. He’ll also talk about where Americans are moving, what’s causing construction costs to come down (but also grow?), and why the Fed is failing to kill the housing market.Also, if you want to give a hand to the generation helping young buyers the most, it seems that baby boomers are having an unexpectedly significant role in propping up the economy. We’ll also get into new affordable housing projects that could bring more starter homes on the market. Want to know John’s thoughts on what could happen in the housing market over the coming months? Stick around!In This Episode We CoverWhy high mortgage rates HAVEN’T killed the housing market yet American migration and which states are starting to see stagnating populations Multifamily rent updates and why tenants may have the upper handNew builds, cheaper material costs, and why your next home may be a new construction INSANE debt-to-equity stats that highlight why homeowners refuse to sell New affordable housing projects that could give homebuyers better options 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' InstagramOn the Market 31 with JohnConnect with John:John's Company LinkedInJohn's TwitterJohn's WebsiteCheck the full show notes here: https://www.biggerpockets.com/blog/on-the-market-110Interested 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

There have been a lot of market crash predictions over the past few years. Since the 2020 flash crash and subsequent asset price skyrocketing, investors have always had an inkling that this wouldn’t last. Once inflation hit decade-long highs, the Fed stepped in to quell constant price pumping, but that came with even higher mortgage rates. Now, commercial real estate investors and everyone else with short-term financing are stuck in a bind. Once these loans come due, they’ll either have to pay them off, refinance, or face foreclosure. So, what happens next?While Dave Meyer and James Dainard are housing market experts, neither know macroeconomic data as well as Fundrise’s Ben Miller, whose job is to predict market patterns and make the best investing decisions. Last time we talked to Ben, he hit on the “Great Deleveraging,” which would force a massive commercial real estate crash, but today he’s talking about bank failures, a financial collapse timeline, and what he’s buying as soon as the market drops.The wealthiest in America know that market crashes and financial collapses aren’t a time to worry; they’re a time to make millions! Ben shares the markets with the most opportunity, how to pick up properties for dimes on the dollar, and why hoarding cash during a time like this isn’t such a bad idea. So don’t fear market downturns like this; take advantage of them!In This Episode We CoverThe “Great Deleveraging” explained and why commercial real estate prices will fall fast Bank collapses and what happens when liquidity starts to run dry Quantitative easing and whether the Fed will continue to inject the market with moneyAssets to keep an eye on during the crash and what Ben is buyingLoans, lending, and what investors can do when banks won’t fund their deals  Market crash predictions and when Ben expects the situation to escalate 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' InstagramPost-Pandemic Boom Markets to Cool Off “Sharply”What High Mortgage Rates Did to The Housing MarketThings are getting really weird in the housing marketDeleveraging: The Dominoes are About to FallCommercial Real Estate Could Crash, But Are Everyday Investors Impacted?The “Catalyst” That Could Cause The Economy to FallListen to “Onward, a Fundrise Production”Connect with Ben:Ben’s TwitterBen’s LinkedInBen’s EmailBen’s BiggerPockets ProfileCheck the full show notes here: https://www.biggerpockets.com/blog/on-the-market-109Interested 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 real estate market was supposed to crash, but it didn’t. Interest rates were supposed to cause a significant slowdown, but they didn’t. Hot markets were supposed to give buyers a break as activity plummeted, but...well, you get the point. The 2023 housing market could be summed up in one word: weird. With the Federal Reserve fighting against the market, sellers refusing to move, and buyers still dealing with record-low inventory, many of us question whether or not we’re stuck in a real estate-inspired groundhog day, where 2021-2022 repeats until infinity.While this (probably) isn’t happening, the real estate market is showing signs of restarting after a mortgage-rate-caused flash correction. Lance Lambert knows about this all too well. He’s been reporting on the housing market for years and knows exactly why America’s property market has become so polarized, even with such immense downward pressure. With cities like Austin still in the slumps and markets like Miami hitting housing price peaks, where is a safe place to invest?If you want to get a macro sense of where we are in the economy, how the housing market works, and why the Fed is having such a hard time, this is the episode for you. Lance brings us back to 2020 and explains how the pandemic fueled “gigantic” demand that was never met, why a housing crash didn’t happen, and whether or not mortgage rates could go even higher.In This Episode We CoverThe “polarized” housing market and which areas are staying red hot while others freezeThe post-pandemic property market effects and how the housing market hurt inflation efforts from the FedMortgage rate predictions and what could cause rates to rise or fall this year East vs. West Coast and why cities like Seattle, San Francisco, and Los Angeles cooled off so quickly Affordability updates and why builders have the upper hand on the Fed The “Two C’s” that are controlling home prices and the housing market in 2023And 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 InstagramHear Our Interview with Fortune’s Lance Lambert on the “Polarized” Housing MarketThe Top 10 Housing Markets Forecasted For Strong Demand This DecadeCheck the full show notes here: https://www.biggerpockets.com/blog/on-the-market-108Interested 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 real estate market is a bit complex. In the South, homes are still quickly getting under contract as those from the North and West move to warmer climates. But demand is brewing in states that you probably haven’t even considered. Plus, a comeback no one expected could be on the horizon. In a market like 2023, anything and everything is up for grabs, and we could be back to the wild housing market we thought was left behind in 2022.To put each area of America head-to-head, we’ve got Dave Meyer, Henry Washington, James Dainard, and Kathy Fettke, representing the Northeast, South, West Coast, and Midwest, respectively. Each of these markets has its own set of benefits, ranging from affordability to strong job growth, optimal climates, and appreciation. So which area could be the best bet for investors in 2023?We’ll touch on the latest housing market data to see where each of these regions stand, where median home prices are heading, why often overlooked markets are finally getting the attention they deserve, and whether or not the West Coast truly is the best coast. If you want to invest but don’t know where, stick around! In This Episode We CoverPitting the Northeast, South, West Coast, and Midwest markets against each otherThe surprising cities that are seeing HUGE competition even during a slow housing marketTertiary markets outside of big metros that could be solid investing areas A West Coast comeback and why demand is increasing in traditionally high-priced citiesMASSIVE price jumps throughout the South (and the few cities where prices are falling fast)Affordable appreciation and why markets with low-priced homes won’t stay that way for longAnd 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 InstagramHear Our Interview with Fortune’s Lance Lambert on the “Polarized” Housing MarketThe Top 10 Housing Markets Forecasted For Strong Demand This DecadeCheck the full show notes here: https://www.biggerpockets.com/blog/on-the-market-107Interested 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

Rising interest rates, a new recession, high unemployment, and much more economic uncertainty could be on the way. But what can you expect after such a turbulent past few years? The US took significant financial and monetary moves to prevent an economic collapse in 2020, but as a result, mistakes were made. In 2023, we’re paying for the economic “errors” of our past, and many of them haven’t even caught up to us yet.Jason Furman, Harvard professor and former Director of the National Economic Council under President Obama, brings both optimism and realism to share. In Jason’s eyes, the “supply-based inflation” argument isn’t holding up, and something much more severe is causing prices to rise as rapidly as they are. So how do we get out of this bind? Jason shares the scenarios that would have to unfold for us not to end up in a recession or with higher interest rates, but reality foreshadows something much different.When will we break out of this constant cycle of price hikes? What has to happen for the Fed to finally take its foot off the gas? Will today’s strong employment last, or do jobs need to be cut for the economy to recover? Stick around to hear these questions, and many more, answered by one of the world’s leading economists.In This Episode We Cover2023 economic forecasts from one of the world’s leading economistsThe true cause of today’s rampant inflation and what could finally force it to stopThe “wage-price persistence” and why most people are wrong about price hikes Economic “errors” of 2020 and 2021 that we’ll be paying back for years to comeRising rates and whether or not the Fed is really done with bumping basis pointsUnemployment and how long today’s strong job market will actually lastConsequences of the US defaulting on its debt and the scary-enough odds that it could happen 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 Instagram“Catastrophic” Consequences of the US Defaulting on Its DebtThe Fed Starts Playing “Mind Games” as Rates Rise, Home Prices FallConnect with Jason:Jason's TwitterCheck the full show notes here: https://www.biggerpockets.com/blog/on-the-market-106Interested 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