The people who are forecasting a crash are basing that off of an increase in inventory.

And that's not happening.

And so I think there's a lot of reasons to believe that we are in a correction.

Things are going to moderate, but they are not going to bottom out like they did in 2008.

And personally, I honestly think it's probably a good thing.

Welcome to the podcast, real estate investing with Coach Carson.

I'm your host Chad Carson.

You can also call me coach.

And this is a show all about helping you build a thriving rental property business so you can get out of the financial grind and do more of what matters.

Whether you're a first time listener or a long time listener, thank you for being back for

another episode. The title of today's episode is The Real Estate Market in 2003,

What Investors Need to Know. This is an interview with Dave Meyer. He's the vice president

of analytics at Bigger Pockets, and he's in charge for them of understanding and studying the

trends and the data of the real estate market, both on a national level and on local markets.

And today I'm going to talk to him to help us understand what's actually going on.

Economics is a difficult subject. It's tricky. There's a lot of sensational headlines out there. There's a lot of fear. There's a lot of things going on. And really, overall, there's a lot of confusion about what you should do as a real estate investor. And so in this episode, I'm going to pick Dave's brain. I'm going to talk about a report he recently wrote that I'll have a link to in the show notes as well that helps us understand as investors what are the main tools, what are the metrics that we should be paying attention to and how does that affect us as investors? How does it tell us whether we should be investing or should not be investing? How does it tell us what, whether we're going to make money of the long run? So all of those things that you want to do as a real estate investor definitely are affected by the market. And so I'm going to dive deep with Dave in today's episode for myself to understand it, but also to help you and to give you tools that you can use as a real estate investor. But before we get to the main interview, it's time for this week's behind the scenes segment where I share a short snippet of what's going on with me and my real estate investing or business behind the scenes. And I'm going to keep this one short and sweet. It's going to be relevant today's topic. We're going to talk a lot about national statistics. We're going to talk about big picture trends and how to understand them. But I want to give you a tip, something I do behind the scenes that's very helpful on your local level. So as you try to figure out the most important thing for you as a real estate investor, that's going to be the market statistics for you in your region and your town. And where do you get those stats? Well, there's a couple of places. One is a free resource. You can look at the online resources like Redfin and Zillow.

I tend to look at those because it's very user-friendly, and particularly Redfin lately has been really nice to look at with graphs and free stats.

And you can just search by your town, your zip code, your metro area and get a lot of the stats we're going to be talking about today, like days on the market, months of inventory, how much inventory is on the market, all the way down to kind of

micro level. So those are really cool free tools. But I also want to recommend, and probably

even better tool for you is, and what I do is I'll often talk to my real estate agent.

There's an important team member for you as a real estate investor and ask them for the local

MLS statistics for you in your market over the last few months. And you can kind of keep getting

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