77: The Self-Fulfilling Crash Prophecy and Why Homebuyers Are Coming Back

On The Market

BiggerPockets

Business, News, Education, Investing

4.8 • 859 Ratings

🗓️ 10 February 2023

⏱️ 49 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Mortgage rates were about the only thing stopping the almost unbelievable home price run-up of 2020 through 2022. With higher mortgage rates, homebuyers were forced to bid on smaller houses or stick to renting while waiting for the good old days of 3% rates to return. But it doesn’t look like we’ll be heading back to sub-4% rates anytime soon, and homebuyers are starting to take the hint. So as mortgage demand begins to rebound, could we be closing in on another boom in the housing market? We’re back with another correspondents show as we touch on the latest housing market news from around the nation. First, we talk about how tech markets and unaffordable housing have taken a tumble while affordable markets kept afloat even during steep price drops. Next, we challenge a 2008-like crash prediction and explain why institutional investors are suddenly sending in rock-bottom bids in growing housing markets. Then, we hit on the revival of homebuyers, as mortgage applications shoot up and how we could dodge a recession with our slowing but growing economic climate. We’ll also play a game of “Hot or Not,” where we touch on which real estate investing strategies are worth trying in 2023. From buy and hold real estate to risky flipping, the fall of short-term rentals, and more, our expert guests will tell you EXACTLY which tactics they’re using in 2023 and which ones to avoid at all costs! So stick around for the housing market news you NEED to hear to build wealth in 2023! In This Episode We Cover The best (and most risky) real estate investing strategies of 2023 Why “affordable” markets are staying rock-solid even during the housing correction The new housing market crash prediction and which big cities could get hit the hardest A boost in homebuyer demand and why the mortgage rate “sticker shock” has finally worn off The 2023 recession and whether or not it's even possible as the US economy still sees solid growth Institutional investors are why they’re coming back with lowball offers in growing cities How deflated prices could lead to “equity pops” for savvy investors willing to invest in struggling markets And So Much More! Links from the Show Find an Investor-Friendly Real Estate Agent BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave’s BiggerPockets Profile Dave’s Instagram Henry's BiggerPockets Profile Henry's Instagram James's BiggerPockets Profile James' Instagram Jamil's BiggerPockets Profile Jamil's Instagram Kathy's BiggerPockets Profle Kathy's Insatgram The Bifurcated Housing Market Correction Goldman Sachs 2008 Crash Prediction Households Priced Out JP Morgan 2023 Market Outlook Mortgage Demand Soars 28% Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-77 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	In a frequently shifting market, deciding how to invest can be overwhelming.
0:03.8	You need a partner that has a proven track record, BAM Capital.
0:06.6	They've navigated the Great Recession, COVID, and even the current interest rate environment, delivering max returns.
0:12.5	If that track record isn't impressive, then I don't know what it is.
0:15.2	Bam Capital is a trusted multifamily syndicator with over $1.3 billion in transactions.
0:20.8	Their disciplined investment strategy
0:22.4	targets cash flow stability, capital preservation, long-term appreciation, and accelerated tax
0:27.7	benefits. Join Bam Capital's 1,200 plus investors across America at biggerpockets.com slash bam. That's
0:34.2	biggerpockets.com slash BAM.
0:44.4	Buy low, sell high. Very easy to say, but not always so easy to do. For example, high interest rates are hurting the real estate market right now. Demand is dropping and prices in a lot of
0:49.4	markets are falling, even for many of the best assets. So it's no wonder the Fundrise Flagship Fund
0:55.6	plans to go on a buying spree expanding its billion dollar real estate portfolio over the next
1:01.4	few months. You can add the Fundrise flagship fund to your portfolio in just minutes and with
1:07.2	as little as $10 by visiting fundrise.com slash pockets. Fundrise.com slash pockets.
1:14.3	Carefully consider the investment objectives, risks, charges, and expenses of the Fundrise
1:19.6	Flagship Fund before investing. This and other information can be found in the fund's
1:24.1	prospectus at fundrise.com slash flagship. This is a paid advertisement.
1:29.5	This podcast is brought to you by Progressive Insurance, fiscally responsible, financial geniuses,
1:34.9	monetary magicians. These are the things people say about drivers who switch their car insurance
1:39.2	to progressive and save hundreds. Visit progressive.com to see if you could save.
1:43.5	Progressive Casualty Insurance Company and affiliates.
1:45.1	Potential savings will vary.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from BiggerPockets, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of BiggerPockets and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.