233: Housing Market “Stuck” Until 2026 as Insurance Prices Rise, Rents Slow

On The Market

BiggerPockets

News, Investing, Business, Education

4.8 • 820 Ratings

🗓️ 11 July 2024

⏱️ 37 minutes

🔗️ Recording | iTunes | RSS

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Summary

See Dave, Henry, James, and Kathy at BPCon2024 in Cancún, Mexico! Grab your ticket here! The housing market is “stuck” and may stay that way for the next two years. With low inventory, high mortgage rates, stunted demand, and high rents, it seems like there’s nowhere to go. If you’re a homeowner, this could mean good news, as price stability keeps your property value high. But, if you’re looking to buy a home or work in a real estate-related industry, this isn’t what you want to hear. What happens after 2026, and what changes will come to the housing market over the next two years? We’re breaking it all down in today’s headlines show! First, we’re discussing why economists think the housing market will remain “stuck” until 2026 and what happens to housing prices along the way. Next, if you’re looking for deals, you’re in luck! We’re showcasing some of the “coldest” markets in the US that are seeing prices start to fall already. Is your home insurance bill killing your cash flow? We’re diving into a recent survey on the insurance “shock” hitting landlords and what investors MUST do now to account for rising prices. Speaking of rising prices, are rent prices crossing the affordability threshold for most renters? We’re getting into it all in this episode! In This Episode We Cover Why the housing market may stay “stuck” until 2026, and what happens after Home price appreciation predictions and whether we’ll continue to see values increase The “cold” real estate markets seeing price cuts and stagnant listings How new and experienced investors can prepare for the insurance “shocks” that keep coming Affordability updates and why rent prices may be peaking as tenants struggle to afford housing And So Much More! Links from the Show Grab Your Tickets to BPCon2024 in Cancún, Mexico Find an Investor-Friendly Agent in Your Area Join BiggerPockets for FREE Join the Future of Real Estate Investing with Fundrise Subscribe to The “On The Market” YouTube Channel Start Investing with Dave’s Newest Book, "Start with Strategy" Dave's BiggerPockets Profile Henry's BiggerPockets Profile Kathy's BiggerPockets Profile On The Market 218 - These “Subtle Risks” Could Have Astronomical Impacts on Real Estate Expenses w/John Sheffield The housing market is ‘stuck’ until at least 2026, Bank of America warns Want To Snag a Real Estate Deal? These 20 ‘Cold’ Markets May Be a Buyer’s Best Shot at a Bargain The home insurance shock hitting the housing market has landlords concerned, too Renters Must Earn $66,120 to Afford the Typical U.S. Apartment. The Typical Renter Makes $11,000 Less Than That. Jump to topic: (00:00) Intro (03:51) Housing Market “Stuck” Until 2026 (13:59) Markets Seeing Price Cuts (19:49) Insurance “Shock” Hits Landlords (25:41) The Rent is Too High! Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-233 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	Economists are now saying that the housing market may be stuck all the way until 2026.
0:06.0	So how does this impact real estate investors?
0:09.0	Is it just prices that are stuck or our home sales going to be stuck?
0:13.0	Should we all just sit around and wait two years and not do anything in the meantime?
0:22.8	What's going on, everyone?
0:24.1	And welcome to On the Market.
0:25.7	I'm your host, Dave Meyer.
0:27.4	Today, we have a headlined show for you.
0:29.7	That means we have the whole crew, Kathy, Henry.
0:33.2	And it was supposed to be James, but he thinks he's better than all of us.
0:36.5	And he decided not to show up today.
0:39.4	So we're going to be doing this one without him. And on today's headline show, we have some good ones,
0:44.6	so he's really missing out. On today's headlines, we're going to be talking about why economists
0:49.6	think the housing market is going to be stuck for several years and how that might impact all of us
0:55.6	as investors. We'll also talk about overlooked cold markets where you may be able to snag a deal
1:01.7	due to less competition. Our third headline is about investor sentiment regarding insurance
1:08.1	premiums, which are the worst, and if you should be concerned about them, too.
1:12.5	And lastly, we'll talk about how the average renter may not actually be able to afford current market rents.
1:19.8	So we got a great show, but before we get into our headline show, we have a personal headline for you.
1:27.1	Well, we have a personal group headline, which is that all of us get to go to BPCon this year, which is in Cancun, Mexico.
1:39.1	And I'm very excited.
1:40.6	Are you guys pumped?
	...

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