21: A Supply-Starved Market and How Investors Are Already Taking Advantage

On The Market

BiggerPockets

Investing, Education, Business, News

4.8 • 859 Ratings

🗓️ 29 July 2022

⏱️ 59 minutes

🔗️ Recording | iTunes | RSS

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Summary

Is some alleviation from inflated home prices headed our way? Over the past two years, sellers have taken the housing market for a ride, getting dozens of offers on every listed house. No matter the condition, area, or age of the property, buyers were filling open houses every weekend just to make an over-asking offer on what should be a reasonably priced house. Now, the tables are starting to turn, and as a result, sellers are getting desperate. Interest rates are rising and buyers are backing out of the market by the dozen. Instead of twenty offers in a weekend, sellers are looking at two, and none of them are over asking price. This is good news for home buyers and great news for investors, as deals are becoming easier to come by while the housing market hysteria takes a breather. We brought the entire On The Market panel in this week to see where they’re finding deals, how their own markets are fairing, and what investors should look for on the horizon as demand steadily starts to slow. We also go into the future of housing inventory and how another inventory crisis could be coming soon. In This Episode We Cover June housing market updates and why the housing market is starting to slow Why fear-first sellers are dramatically lowering their asking prices simply to sell Could we enter into another inventory crisis and why some investors think this dip is only temporary Where to find deals in today’s market and why real estate agents may become a phenomenal deal source for you How flippers and BRRRRers can prepare for housing prices to head back down And So Much More! Links from the Show BiggerPockets Forums BiggerPockets Agent 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 Find an Investor Friendly Agent in Your Area Dave’s BiggerPockets Profile Henry's BiggerPockets Profile James' BiggerPockets Profile Jamil's BiggerPockets Profile Kathy's BiggerPockets Profile Dave’s Instagram Henry's Instagram James' Instagram Jamil's Instagram Kathy's Instagram Grab This Episode's Data Drop (Lead Indicator Data for US Housing Markets) Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-21 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! 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 1200 plus investors across America
1:23.5	at BiggerPockets.com slash bam. That's biggerpockets.com slash BAM.
1:29.5	You ever feel like your vacation rental since MT too often?
1:32.5	Missing out on potential income? Look, you're not alone. Many property owners struggle with
1:36.2	underperforming bookings in the complexities of property management. But here's some good news.
1:40.4	Vacasa outperforms other property managers in 92% of the markets they operate.
1:46.0	They've helped homeowners like you increase their bookings by an average of 24% turning
	...

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