103: Q2 2023 Housing Market Update: Homebuying Could Get MUCH Harder

On The Market

BiggerPockets

Business, News, Education, Investing

4.8 • 859 Ratings

🗓️ 12 May 2023

⏱️ 55 minutes

🔗️ Recording | iTunes | RSS

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Summary

Homebuyers are gearing up for a hot summer housing market as demand starts to surge. At the beginning of 2023, nobody thought it possible that we’d be in the position we’re in today. Days on market have shrunk in some areas as listing attendance explodes and buyers' home-owning dreams resurface. But it’s not all sunshine and rainbows in the world of real estate; something bleak is on the horizon for large-scale investors. We’re halfway through Q2 of 2023, and the real estate market is changing fast month by month. Multifamily buyers are sitting on the sidelines, foaming at the mouth to dig in on deals that will soon be dead, but primary residence shoppers are facing another challenge. With a lack of inventory and mortgage rates on the verge of falling again, the buyers who were kicked out of the market last year are hungry to get back in the game. Don’t know whether now is the right time to buy your next rental property? Kathy and James give up-to-date advice on what they’re pursuing in today’s market and whether or not now is the time to get aggressive. If you want to get the data these (and many other) experts use to make their investment decisions, check out Dave’s newest Q2 housing market report! In This Episode We Cover A Q1 housing market roundup and why the market flipped even with high mortgage rates New inflation data and why consumer prices aren’t dropping yet Whether or not another interest rate hike could hit homebuyers this year Housing demand and why sellers are seeing a BIG boost in buyer activity Our Q2 housing market predictions and what to do if you’re on the fence about investing The BEST online sources to pull housing data from, plus Dave’s newest Q2 housing market report And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram James' BiggerPockets Profile James' Instagram Kathy's BiggerPockets Profile Kathy's Instagram Grab the Q2 Report Past Episodes Mentioned in Today’s Show: Altos Research Rocket Mortgage Connect with Other Investors on the “On the Market” Forums Data Sources Mentioned: FRED Housing Wire Marcus and Millichap Redfin Data Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-103 Interested 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

Transcript

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0:00.0	Buy low, sell high. Very easy to say, but not always so easy to do. For example, high interest
0:07.2	rates are hurting the real estate market right now. Demand is dropping and prices in a lot of
0:12.2	markets are falling, even for many of the best assets. So it's no wonder the Fundrise
0:17.3	Flagship Fund plans to go on a buying spree expanding its billion dollar real estate
0:22.7	portfolio over the next few months you can add the fundrise flagship fund to your portfolio in
0:28.9	just minutes and with as little as $10 by visiting fundrise.com slash pockets fundrise.com
0:35.7	slash pockets carefully consider the investment objectives,
0:39.5	risks, charges, and expenses of the Fundrise Flagship Fund before investing. This and other
0:44.9	information can be found in the fund's prospectus at fundrise.com slash flagship. This is a paid
0:50.9	advertisement. In a frequently shifting market, deciding how to invest can be overwhelming.
0:55.7	You need a partner that has a proven track record, BAM Capital.
0:58.6	They've navigated the Great Recession, COVID, and even the current interest rate environment, delivering max returns.
1:04.4	If that track record isn't impressive, then I don't know what it is.
1:07.4	Bam Capital is a trusted multifamily syndicator with over $1.3 billion in transactions.
1:12.7	Their disciplined investment strategy targets cash flow stability, capital preservation,
1:17.4	long-term appreciation, and accelerated tax benefits. Join Bam Capital's 1,200-plus investors across
1:23.1	America at biggerpockets.com slash bam. That's BiggerPockets.com slash BAM.
1:29.4	This podcast is sponsored by Laurel Road.
1:31.6	At Bigger Pockets, we're always trying to find ways to help you maximize your buying power,
1:35.4	which is why you should check out Laurel Road.
1:36.9	Laurel Road's banking and lending solutions include student loan refinancing, mortgages,
1:41.8	personal loans, student loan cashback credit cards, tailored savings
	...

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