760: BiggerNews: Buyers Jump Back In as Real Estate Competition Heats Up

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Business, Investing

4.8 • 16.5K Ratings

🗓️ 2 May 2023

⏱️ 42 minutes

🔗️ Recording | iTunes | RSS

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Summary

Has housing market hysteria returned? For a few months, homebuyers took a sigh of relief as competition stayed low, prices began to drop, and the real estate market returned to reality. But it seems like the days of sweet deals and plenty of showings are now behind us as homebuyers are jumping back into the market. So what’s causing this housing market madness to refuel, and are we returning to 2020-2022’s crazy competition? In this BiggerNews update, David Greene and Dave Meyer discuss some top headlines affecting the housing market in 2023. First, they’ll get into the nitty gritty of new inflation data and why prices are still high even after some good news. Next, they’ll talk about the newest real estate recovery and give their spring 2023 housing market predictions on whether or not home prices could rise and competition could return. Then, a debate over how the US dollar could be replaced as the world’s reserve currency and which countries are out to take its place. Plus, if you’ve been waiting to get your hands on a new short-term rental property, you could be in luck. Recent data points to a stark shift in vacation home demand as the vacation rental market gets saturated and work from home starts to level off. If you want up-to-date data on everything happening in the housing market and beyond, tune in and grab Dave’s FREE Q2 real estate report! In This Episode We Cover: Housing market hysteria and what’s causing homebuyers to jump back into the bidding wars Inflation updates and how close we are to returning to the golden 2% inflation rate Vacation home demand drop-off and what’s causing buyers to ditch their dreams of a beach house De-dollarization, the war against the USD, and which countries are dropping the dollar Real estate price predictions and whether or not we’ll see the yearly price run-up during spring/summer Dave’s FREE Q2 housing market report (and where to get it) And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch BPCON2023 Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram David’s YouTube Channel Work with David Dave's BiggerPockets Profile Dave's Instagram Grab The Q2 2023 Housing Market Report Hear the “On the Market” Episode About De-Dollarization Has the Housing Market Already Bottomed? Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-760 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	This is the bigger pockets podcast show 7 6 0
0:04.8	People are eager to buy into the housing market right now affordability is low
0:10.6	But as soon as you know affordability improves even a little bit people are sort of jumping back in and are buying
0:16.2	Like Denver where I mostly invest which was up until a couple weeks ago one of the markets facing the biggest corrections
0:23.0	Activity there has just exploded over the last couple weeks
0:26.1	So I think it's way too early to say like the correction is over but I am surprised by how brief that correction so far was
0:34.5	What's going on everyone?
0:35.6	This is David Green your host of the bigger pockets real estate podcast here today with a bigger news episode co-hosted by my buddy
0:42.7	Dave Meyer and we've got a great one for you today Dave. How are you? I'm great. It's good to be back
0:48.4	I feel like we haven't done this in a while and I love doing these shows
0:51.3	These are some of my favorites and a lot has gone on in the world of real estate since the last time we did this
0:56.8	So we have quite a bit to talk about what were some of your favorite parts in today's show
1:00.0	I am just sort of fascinated about what's going on the housing market as I always am
1:05.1	But I think people will be kind of surprised to hear the state of the real estate market because the headlines and reality are not
1:13.2	exactly aligned right now and I also really liked what you shared at the end because
1:19.2	Not everyone in the real estate investing education space shares the challenges that they have but I think you
1:26.4	Shared some of the challenges in today's market that even really experienced investors like you experience
1:32.3	Dave, I think you also made a great point
1:34.7	If you listen to an episode a month ago or you watched the news three weeks ago our market is shifting more
1:42.0	Quickly and with more volatility than it's ever has in my lifetime and these shows become that much more important
1:47.7	Which is why we keep bringing them to you
1:49.1	But you may be surprised when you listen to today's show to hear about some of the changes in the housing market
	...

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