126: 2023 Housing Market Forecast: “Things Are Going to Be Messed Up” w/J Scott and Scott Trench

On The Market

BiggerPockets

News, Education, Business, Investing

4.8 • 859 Ratings

🗓️ 28 July 2023

⏱️ 54 minutes

🔗️ Recording | iTunes | RSS

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Summary

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 come Why 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 fall The commercial real estate crash and why multifamily investors could see a profitless next few years 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 Kathy's BiggerPockets Profile Kathy's Instagram Hear Our Interview with Fed Expert, Nick Timiraos Books Mentioned in the Show Real Estate by the Numbers by J Scott and Dave Meyer Connect with J: J's BiggerPockets Profile Everywhere Else Connect with Scott: Scott's BiggerPockets Profile Scott's Instagram Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-126 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
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	...

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