379: What the Numbers Reveal About Today's Rents, Prices, and Top Cashflow Markets with Data Scientist Dave Meyer

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Business, Investing

4.8 • 16.5K Ratings

🗓️ 23 April 2020

⏱️ 80 minutes

🔗️ Recording | iTunes | RSS

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Summary

There are plenty of opinions out there about where the real estate market is headed next. But what are the numbers telling us? Today we dig into the data with Dave Meyer, BiggerPockets' VP of Growth and Analytics and a real estate investor himself. Dave leads BiggerPockets Insights—a Pro/Premium benefit providing current local market data—and he's been looking at data points in the weeks since shelter-in-place orders began to grind the economy to a halt. So... Why are rents down? Why haven't prices dropped? And what data should investors be keeping an eye on? The guys tackle those questions and much more in today's episode. Plus, Dave discusses his list of the country's best 11 cashflow markets adjusted for vacancy and explains what makes them so attractive right now. Add in a topical "Fire Round" and a breakdown of Dave's "ski for free" Airbnb scheme, and you've got an action-packed episode sure to bolster your confidence in these uncertain times. Check out this episode of the BiggerPockets Real Estate Podcast, and be sure to subscribe to the show in your favorite podcast app so you won't miss the next one! In This Episode We Cover: The top cashflow markets in the country for high value and low vacancy 3 data points Dave looks at when analyzing a new market Why housing prices haven't fallen much yet Dave's (cautiously optimistic) forecast on real estate prices What's happening to rents nationwide What "income-to-price" reveals about a market What BiggerPockets Insights is How new investors can take advantage of this downtime The potential of a population shift away from urban centers How Dave bought an Airbnb in Colorado to "ski for free" And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Webinars BiggerPockets Bookstore BiggerPockets Podcast 186: How to Get Your First Few Properties — Even in a Competitive Market with Dave Meyer Air DNA BiggerPockets Podcast 048: Duplex Investing, Finding Great Properties, and Tips for Managing Tenants with Darren Sager BiggerPockets Pro BiggerPockets Insights Newbie Real Estate Investors - What YOU Should Be Doing During This COVID Time BiggerPockets Podcast 315: How to Read Human Nature to Succeed in Life with Bestselling Author Robert Greene Check the full show notes here: http://biggerpockets.com/show379 Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is the BiggerPockets Podcast show 379.
0:05.0	If you look at the data, you can see that the price of new listings,
0:09.3	so landlords are putting their new listings on,
0:12.6	are about three or four percent lower
0:15.2	than what they were a couple of months ago.
0:17.4	So that's why I think rents might decline
0:20.0	in the very short term,
0:21.5	just because people are probably desperate to fill vacancies right now.
0:25.3	You're listening to Bigger Pockets Radio, simplifying real estate for investors large and small. If you're here looking to learn about real estate
0:34.2	investing without all the hype, you're in the right place. Stay tuned and be
0:39.2	sure to join the millions of others who have benefited from BiggerPockets.com.
0:44.0	Your home for real estate investing online.
0:47.0	Hey, what's going on everyone?
0:48.0	It's Brandon Turner, host of The BiggerPockets Podcast,
0:51.0	here today with another episode with my friend, my mentor, my
0:56.2	pal, my surf buddy David Green. Let's have David Green. How you doing?
1:00.3	Nicely done Brandon. We just spent an entire hour making fun of you and you turned it around and stuff and in doing so poured burning coals on the top of my head very well
1:10.8	what I would I mean for that's what I mean for I want you to feel bad about how much you made fun of me on today's episode. We just got done recording today's episode and you know I may have gotten made fun of especially at the end. so it was all for the benefit of the
1:23.7	listeners that is for you guys I just want you all to know that I'm sure it was I'm sure it was
1:28.8	all right well today's episode here's a deal guys I mentioned this in the show but I'll say it again now there's a lot of fear All right now,
1:33.0	today's episode, here's a deal, guys. I mentioned this in the show, but I'll say it again now. There's a lot of
1:36.0	motions riding high, and so we thought it would be a cool idea to bring in
	...

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