221: Home Prices Hit Another Record: Are Americans Still Right About Real Estate?

On The Market

BiggerPockets

News, Investing, Business, Education

4.8 • 820 Ratings

🗓️ 30 May 2024

⏱️ 38 minutes

🔗️ Recording | iTunes | RSS

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Summary

Home prices are still soaring as they hit a new record high, despite high mortgage rates and low inventory dampening demand. At some point, this unaffordable housing market must make Americans even a bit bearish on real estate, right? Well, maybe not, according to a new survey that shows what Americans view as the best investment in the long term. But these updates are just the tip of the iceberg on today’s headlines show! We’re back to discuss the housing market’s most hard-hitting headlines and share our opinions on whether they’re fact, fiction, or pure hype. First, Americans give their take on the best long-term investment, and one asset in particular reigns supreme (sorry, it’s not crypto!). Next, will record-breaking home prices push demand down even further, forcing house flippers and home sellers to get desperate? Our experts share exactly what they’re seeing in their local markets. Speaking of home sellers, are you selling right now? If so, there are five things you CAN control that’ll help you sell your home faster and for more, even in today’s tough housing market. Expert house flipper James Dainard gives even more tips on how he gets his flips sold at lightning speed, even during slow seasons. Finally, we touch on Airbnb’s latest party-pooping and how they’re putting hosts in the driver’s seat to protect their properties from ragers that could ruin their homes. Plus, an update on the end of endless shrimp (check out this episode for context). Just getting into real estate investing? Catch a FREE investing webinar on how you can get in the game as a complete newbie. Ready to invest? Join BiggerPockets Pro and use code “NEWMARKET24” for 20% off, plus get access to elite investor tools to help you get more deals done! In This Episode We Cover Why Americans think this asset is the best long-term investment Home price updates and what the effects could be with housing prices hitting record highs Five tips to sell your home faster and for more money even in today’s housing market What an expert house flipper does on EVERY home he sells to get the best price possible Airbnb’s newest party ban and how hosts can protect their properties An unfortunate update on one of America’s most beloved seafood restaurant chains 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 Henry's BiggerPockets Profile Henry's Instagram James' BiggerPockets Profile James' Instagram Kathy's BiggerPockets Profile Kathy's Instagram Property Manager Finder BiggerPockets Real Estate Podcast 959 - BiggerNews: 2024 Housing Market Update and Why Prices Are Still Rising Want to Sell Your Home Fast—for the Most Money? Do This Articles from Today’s Show: Best Long-Term Investment Home Prices Home Seller Tips Airbnb Parties Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-221 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	Why do Americans, by a pretty large margin, think that real estate is the best long-term investment?
0:06.8	What can home sellers control in this chaotic market and how can they optimize their sale price?
0:12.9	Why is Airbnb becoming a party pooper and canceling party reservations?
0:17.3	We'll cover all this on today's episode of On the Market.
0:26.2	Hey, and welcome to On the Market.
0:28.1	I'm your host, Dave Meyer, and today we have our patented.
0:31.4	It's not actually patented.
0:32.6	It's just our common headline show.
0:35.4	And for those of you who haven't listened to it, we basically just
0:37.8	pull four articles from the news cycle that are relevant to real estate investors and people
0:43.6	who are involved in the real estate investing industry. And we discuss how our audience should
0:48.6	consider thinking about them. And today, we have some juicy headlines. We're going to be
0:53.2	talking about first and foremost why Americans think real estate is the best long-term investment, but some experts disagree with them.
1:01.2	Second, we'll talk about what's going on with home prices.
1:04.1	Third, ways in which sellers can control and optimize their home sale in this market.
1:08.4	And lastly, we're going to be covering a new AI technology that
1:12.4	Airbnb is using to kill parties. And we have some updates on previous headlines. Before we bring on
1:20.0	the panel and Kathy, James and Henry are all here with us today. But before we bring them on,
1:24.8	I just wanted to let you guys know that I recently released a
1:28.9	brand new, entirely free webinar for anyone who is new to real estate investing and wants
1:34.8	to consider investing in this market. It's about 30, 40 minutes, completely free. If you just
1:41.3	want some tips on how to get into this market, check it out at
	...

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