183: The "Frozen" Housing Market Reignites in 2024, Blackstone Buys Up BILLIONS

On The Market

BiggerPockets

News, Investing, Business, Education

4.8 • 820 Ratings

🗓️ 25 January 2024

⏱️ 36 minutes

🔗️ Recording | iTunes | RSS

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Summary

The “frozen” housing market is about to get blowtorched as competition is set to heat up in 2024. With lower mortgage rates, bigger investor tax benefits, positive economic sentiment, and tight inventory, homebuyers will need to act fast unless they want to make the same mistakes of 2021 and 2022. Are the bidding wars and price hikes coming back? Will we look back at 2023 as an “affordable” time to buy a house? Welcome to the first On the Market Headlines Rumble Show! We’re putting Dave, Henry, James, and Kathy in a metaphorical cage match as they each bring hard-hitting headlines to knock each other out with bigger and better news. No physical punches will be thrown, but psychological piledrivers will be aplenty in today’s show. We’ll talk about the “frozen” housing market reigniting in 2024 due to stiff competition, low inventory, and falling mortgage rates. Next, why Americans are giving up on college degrees and going straight into employment. A MASSIVE investor tax write-off could make a comeback as bonus depreciation goes BACK on the legislative table. Plus, why Blackstone, everyone’s favorite hedge fund, is buying BILLIONS of dollars in housing in the US and Canada. In This Episode We Cover: Housing market competition and what could cause higher prices, bidding wars, and more seller power A 100% bonus depreciation comeback and whether investors should bet on bigger write-offs Sinking college confidence and the surprising statistics showing Americans’ lost faith in higher education New housing starts numbers that could signal even MORE competition to come Blackstone’s $3.5 BILLION bet on the American (and Canadian) housing market Newest consumer sentiment survey results showing a surprising change of tune for Americans 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 Henry's BiggerPockets Profile Henry's Instagram Kathy's BiggerPockets Profile Kathy's Instagram Frozen Housing Market Invitation Homes Rent-Gouging Mortgage Applications Soar College Degrees Tax Breaks and Depreciation Single-Family Construction Starts Blackstone Consumer Sentiment Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-183 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Hello, everyone.
0:08.2	Welcome to On the Market.
0:10.1	I'm your host, Dave Meyer.
0:11.8	And today we're going to try a new format for the podcast, and we're calling it the
0:16.1	Headlines Rumble Show.
0:18.6	And to help me out with that, we have Kathy Fecky, Henry Washington, and James Dainerd joining me.
0:24.9	Did any of you guys watch WWE or WWF when you were a kid?
0:28.9	Or now?
0:29.4	Maybe you still watch it.
0:30.6	Huge fan.
0:31.7	Currently?
0:32.4	Currently a huge fan?
0:33.6	No, when I was a kid, I had matching outfits with my buddy, and we had her own tag team.
0:39.4	I'm not even going to go what the name was, but it was... We're going to have to bleep it out.
0:45.8	We need these photos. Yeah, I was a big Brett the Hitman heart fan. Oh, yep, of course.
0:52.0	Dude, I was so into WW. It was WWF back then.
0:55.9	But yeah, my dad used to always order the pay-per-views and we'd sit there and watch them.
1:01.1	And every place I went to that had face painting, you know, like for little kids and girls, I would get Ultimate Warrior face paint every time.
1:07.9	Oh, that's awesome.
1:09.1	The greatest. Just by the fact that you called it pay-per-view, because that's what it was, just dates
1:14.3	us all so much that we remember what pay-per-view was.
1:17.4	Now everything is pay-per-view, FYI.
	...

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