131: Home Prices May Have Bottomed Says New "Investor Sentiment Survey" w/Rick Sharga

On The Market

BiggerPockets

News, Education, Business, Investing

4.8 • 859 Ratings

🗓️ 14 August 2023

⏱️ 38 minutes

🔗️ Recording | iTunes | RSS

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Summary

Home prices were supposed to crash…right? Not quite. If you were hoping to snag a steal of a deal on your first home, we’ve got some bad news. But, if you’re a homeowner or investor who was crossing their fingers that their equity would stay stable, things are looking good! As the housing market begins to “adjust” back to normal, investors are asking themselves, “What happens next?” We brought repeat guest and fan-favorite Rick Sharga, founder of CJ Patrick Company and former EVP of Market Intelligence at ATTOM, back on the show to share the findings of his most recent investor survey. Rick and his company have been tracking the sentiment of small retail investors—a dataset we rarely get to hear about—and he has some news to share. Investors are thinking about the housing market differently than most would assume. With high mortgage rates and financing fatigue, rental property investors and active house flippers have the same thought: things could get better soon. But what could change? Will inventory ever rebound? And what could cause another hot housing market? All that, and more, in this episode! In This Episode We Cover: The one investment strategy that has been dramatically declining (and why it may have a comeback) Home prices and whether or not we’ve bottomed out already What small retail investors think will happen next in the housing market The #1 challenge investors are facing today (and when this could improve) An “inflection point” for real estate and whether competition will heat back up Fixing the inventory problem and how long it will take to return to “normal” levels Declining and rising real estate markets that Americans are moving away from/to 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 On The Market Podcast 17 On The Market Podcast 66 BiggerPockets Real Estate Podcast 604 Investor Sentiment Survey Connect with Rick: Rick’s LinkedIn Rick’s Twitter Rick's Website Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-131 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	interest rates are sky high in 2023, and buying a rental property means you could get stuck with
0:05.4	an 8, 9, or 10% mortgage rate. But what about a 2.99% rate with rent to retirement? Rent to
0:12.4	retirement has 2.99% seller financing available on turnkey properties. You heard that right. That's a seller
0:19.9	financed 2.99% interest rate with an average
0:23.5	cash flow of over $900 per month. Plus, they've got options where you can put as little as 5%
0:29.9	down with no PMI. As the nation's leading turnkey investment company, rent-to-retirement helps
0:35.4	investors build headache-free, high-cash-flow rental
0:38.2	portfolios. And since their properties are fully turnkey, newly built or renovated, leased, and
0:44.0	managed, anyone can invest. Even those who aren't into landlording. So what are you waiting for?
0:49.2	This 2.99% rate deal won't last long. To learn more, visit rent-retirement.com. That's rent-t-o-retirement.com.
0:59.3	Or text REI to 33-777. Again, text REI to 33-777-7.
1:07.8	Buy low, sell high. Very easy to say, but not always so easy to do. For example, high interest
1:14.5	rates are hurting the real estate market right now. Demand is dropping and prices in a lot of
1:19.5	markets are falling, even for many of the best assets. So it's no wonder the Fundrise
1:24.6	Flagship Fund plans to go on a buying spree expanding its billion dollar
1:29.4	real estate portfolio over the next few months. You can add the Fundrise flagship fund to your
1:35.3	portfolio in just minutes and with as little as $10 by visiting fundrise.com slash pockets.
1:41.9	Fundrise.com slash pockets. Carefully consider the investment objectives, risks,
1:47.2	charges, and expenses of the Fundrise flagship fund before investing. This and other information
1:52.8	can be found in the fund's prospectus at fundrise.com slash flagship. This is a paid
1:58.2	advertisement. In a frequently shifting market, deciding how to invest can be overwhelming. You need a partner
2:03.6	that has a proven track record, BAM Capital. They've navigated the Great Recession,
	...

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