343: Is Now the Time to Buy as The Housing Market Starts to Dip?
BiggerPockets Money Podcast
BiggerPockets
4.6 • 2.9K Ratings
🗓️ 10 October 2022
⏱️ 57 minutes
🧾️ Download transcript
Summary
The 2022 housing market doesn’t make a whole lot of sense. At the start of the year, competition was fierce, with bidding wars on every home and lines out the door just to view an open house. Now, in quarter three of this year, interest rates have hit decade-long highs, buyers are more in control, and days on market are starting to creep back up. As a homeowner, investor, or renter, you need to know what's on the horizon so you can build wealth while others run for the hills.
Joining us today are James Dainard, Jamil Damji, and Kathy Fettke, a gaggle of real estate veterans and the expert guests on BiggerPockets’ On the Market podcast. They’ve seen up markets, down markets, and confusing markets like today. As investors who touch almost all corners of the United States, with different areas of expertise, they bring the facts on what’s happening in today’s housing market.
We talk about interest rate updates, when the “inventory crisis” will end, why demand has taken a nosedive, and whether or not it’s still a good time to buy real estate. We also talk about the state of the economy, inflation, and how the Federal Reserve may be working to put us into another recession. This up-to-date episode will give you everything you need to make smart buying or selling decisions in today’s housing market.
In This Episode We Cover
Why interest rates are up and what it means for the housing market
Whether or not the Federal Reserve is trying to cause a real estate correction
When and where you can expect price drops and how long they’ll last
Is now still a good time to buy real estate (investments AND primary residences)
Adjustable-rate mortgages (ARMs) and why they’re worthwhile in times like today
The housing inventory crisis and how Millennial demand drove up prices
And So Much More!
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Transcript
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| 0:00.0 | Hello, hello, hello, and welcome to the Bigger Poggets Money Podcast where I sit down with James |
| 0:05.1 | Danard, Jamil Damjee, and Kathy Fecki, three of the panelists from the On The Market Podcast, |
| 0:11.3 | which is a sister podcast to this show. And we talk about this flip-flapping real estate |
| 0:17.2 | market we find ourselves in. I am here to make financial independence less scary, less just for |
| 0:22.5 | somebody else to introduce you to every money story because I truly believe financial freedom |
| 0:27.6 | is attainable for everyone no matter when or where you're starting. Whether you want to retire |
| 0:32.7 | early and travel the world, start your own business, go on to make big-time investments and |
| 0:37.5 | ask this like real estate or even just get a handle on what is going on in this market right now. |
| 0:42.9 | We'll help you reach your financial goals and get money out of the way so you can launch yourself |
| 0:48.0 | towards your dreams. Okay, before we get to the show, let's hear a word from today's show sponsors. |
| 0:52.8 | Owning real estate is great, until you have to have a Vectenance, Unclog Toilets, and Hunt Down |
| 0:57.9 | Late Rent Text. This is why passive investors are pulling their capital into multifamily syndications, |
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| 1:07.9 | you trust, Bam Capital? This vertically integrated company has historical realized returns of over |
| 1:13.5 | 30% IRR, over 152 million dollars in distributions paid to date, and over 1000 investors across 40 states. |
| 1:21.6 | Bam Capital focuses on institutional quality apartment communities located in the Midwest, |
| 1:26.8 | offering the most consistent rent growth and appreciation potential of any market in the US. |
| 1:31.6 | Bam Capital's Fund 3 is currently raising capital in anticipation of closing on their next asset. |
| 1:37.1 | This fund is designed for accredited investors, targeting 15 to 20% IRR and a 2.0 to 2.5x equity |
| 1:44.8 | multiple over a three to five year hold period. Whether you're looking to learn more about multifamily |
| 1:49.6 | investment opportunities or partner with Bam Capital today, their team is ready to assist. |
| 1:54.0 | Accredited investors sign up and start earning passive income today at capital.thebamcompanyz.com. |
... |
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