229: When Will Home Prices Fall? + The Affordable Housing Solution We All Want

On The Market

BiggerPockets

News, Investing, Business, Education

4.8 • 820 Ratings

🗓️ 27 June 2024

⏱️ 39 minutes

🔗️ Recording | iTunes | RSS

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Summary

When will housing prices drop? Will real estate prices go down, or are we stuck with ever-worsening affordability as home prices continue to rise? What’s the solution to affordable housing, and why can’t investors just build smaller, more affordable homes? Our panel of expert investors gets asked these questions all day, so in this episode, we’re taking the above questions and some others from the BiggerPockets Forums and throwing them at our seasoned investors to get their takes. First, we ask, “What would have to happen for home prices to drop?” Investor or first-time homebuyer, you’ve probably asked yourself this question. We’ll give an in-depth scenario of the exact supply and demand factors that could cause prices to finally fall. Next, how to create affordable housing and why investors might be the answer. With high home prices, is it better to buy and hold or flip houses in today’s market? Plus, the experts share exactly WHICH markets they see the most potential in today. Finally, you’ll get the pro flipper’s tips for comping properties in a market with barely any home sales. Do you have a question to ask the experts? Post it in the BiggerPockets Forums, and we may answer it on a future show! In This Episode We Cover What would cause home prices to fall and affordability to improve (and if it’s likely) The investor-friendly solution for affordable housing that could help you build wealth while providing much-needed housing Flipping vs. renting and what will make you the most money in today’s market The rarely talked about real estate markets with immense potential that we’d invest in today How to comp (compare) properties when the market is changing and there are limited home sales 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 Henry's BiggerPockets Profile Henry's Instagram James' BiggerPockets Profile James' Instagram Kathy's BiggerPockets Profile Kathy's Instagram Property Manager Finder See Henry, James, and Kathy at BPCON2024 in Cancun! Ask Your Question on the BiggerPockets Forums Jump to topic: (00:00) Intro (01:43) Could Home Prices Fall? (07:43) How to Create Affordable Housing (16:50) Best Time to Flip Houses? (22:24) Where We’d Invest Today (31:51) James’ Rules for Comping (34:02) Ask Your Question Here! Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-229 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	What burning questions do real estate investors in our community have? Today, we're going to be
0:04.6	answering your questions about the economy and the housing market, and we'll take our experience
0:09.1	as active investors and give you our take so that you can make more informed decisions
0:13.6	as investors. What's going on, everybody?
0:22.1	Welcome to the On the Market podcast.
0:27.1	I am one of your host today, Henry Washington, and I am joined by my good friends, James Danard and Kathy Fetke.
0:29.1	Unfortunately, Dave is not here with us because he's off in some Scandinavian country doing
0:33.7	something outdoorsy like hiking or camping or something that sounds terrible but i'm glad you
0:38.6	are here with me that actually sounds pretty fabulous to me i know you would say that i could be hiking
0:43.3	the only time i have to go hiking is when my wife dragged me up a hill i definitely prefer beaches and
0:47.7	boats over hills yeah james you and i vacation similarly so i'll when you go, I'm in, but I'm out for hiking and camping
0:55.2	with Dave and Kathy. All right. Well, today what we are going to do is answer some of our
1:00.4	listener questions, as you said. And our goal is to try to help make some sense of this crazy
1:05.3	real estate market that's been up and down and all over the place. We'll be going over
1:09.6	topics like the rise in housing prices
1:11.9	and why that keeps happening. Flipping versus buy and hold investing today. We'll talk about
1:17.0	inventory and affordable housing, housing markets, and we'll end with a question about
1:21.9	comping and pricing a home when nothing else has sold on the market. Which is always a riddle, finding that right com.
1:29.1	Many of these questions were pulled from the Bigger Pockets Forum.
1:32.3	Make sure you visit www.biggerpockets.com backslash forums.
1:37.6	There you can have any questions that you'd like to be answered by one of us or our community.
1:43.7	All right, Kathy and Henry,
	...

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