796: 2024 Housing Market Predictions and 3 Underrated Real Estate Markets to Watch

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Business, Investing

4.8 • 16.5K Ratings

🗓️ 25 July 2023

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

We’ve got 2024 housing market predictions coming up in this episode. But don’t worry, David and Rob haven’t put their careers on the line to try and guess where home prices will be next year. Instead, we brought the expert panel from On the Market to give their best real estate predictions so David and Rob remain safe in the eyes of our darling listeners. Dave Meyer, host of On the Market and BiggerPockets VP of Data and Analytics, recaps the 2023 housing market and tells us what (and where) to look for as the year’s second half begins. Dave and the expert investor panel will review everything that happened over the past six months in real estate. From home prices correcting and failing to crash to inventory falling back down to historic lows, days on market dwindling, and the “lock-in effect” for homeowners, the 2023 housing market turned out to be nothing we would have expected. But is there hope for rental property owners and real estate investors? To answer that, our guests will give their mortgage rate, recession, and home price predictions. But that’s not all. They’ll also uncover some of the most underrated real estate markets across the nation, all showing strong signs of growth and huge profit potential. Get in before the masses do, and for more up-to-date real estate data, check out On the Market! In This Episode We Cover: The housing market correction explained and why we never had the crash so many predicted Inventory updates and why homeowners are too “locked-in” to sell their homes Mortgage rate predictions and where we could see rates end up in 2024 Home price forecasts and why one expert guest still thinks we’ll see sizable price jumps Three “under the radar” real estate markets that you’ve (probably) never heard of The #1 place to live in the US that has homes for half the US average! 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 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 Listen to The “On The Market” Podcast Wherever You Listen to Podcasts: BiggerPockets Apple Podcasts Spotify Subscribe to the “On the Market” YouTube Channel The BIG Economic Implications of US Bank Failures w/Mark Zandi NW Arkansas Skyline Reports Connect with Dave, Kathy, Henry, & James: Dave's BiggerPockets Profile Dave's Instagram Henry's BiggerPockets Profile Henry's Instagram Henry's Website James' BiggerPockets Profile James' Instagram James' Website Kathy's BiggerPockets Profile Kathy's Instagram Kathy's Website Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-796 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	Hey everyone, welcome to the Bigger Pockets Podcast. I'm your guest host today, Dave Meyer,
0:05.5	and me and my friends from the On the Market Podcast are taking over the Bigger Pockets feed.
0:13.2	Yeah, this is going to be very fun. So we are here taking over the Bigger Pockets feed to
0:19.6	give you a little taste of what we do on the On the Market Podcast where we focus on real estate
0:24.5	just like this show, but more on the economics, more on current market conditions. And our whole
0:30.4	goal is to provide you the investor with data and information and news to make informed decisions
0:38.4	based on what is going on in the market today. So what strategies are working best, what markets are
0:44.2	seeing the best conditions, that type of information. Today we're going to get into all of that. We're
0:48.8	going to start with a recap of the first half of 2023 and talk about what's been going on in
0:54.4	the economy and the housing market for the first six months of 2023. And then I'm going to force
1:00.2	our panelists against their will to make predictions, even though it's very difficult about what's
1:06.0	going to happen at the second half of the year. And don't hold us to these predictions, but we will,
1:10.8	I promise we will have a good conversation about what might happen over the rest of this year.
1:15.8	And then we're going to go into a conversation about different markets across the US.
1:20.7	If you know anything about the housing market right now, you know that certain markets are doing
1:24.7	really well, certain ones are doing poorly, and we're going to break this down for you to help
1:28.2	you understand which markets are going in which direction, which ones work with what kinds of
1:32.9	strategies so that you can adapt your strategy to the right market conditions. So that's what we
1:38.5	got for you today. It's going to be an awesome show. If you've not listened to the On the Market
1:42.4	Podcast before, we are a guest panel type of show. So I am joined by three co hosts. I've
1:49.5	got Kathy Fecki with me. Kathy, how are you? Great. Can you introduce yourself to everyone listening?
1:56.0	Sure. It's Kathy Fecki. You probably don't know Fecki. I think means little fatty in German. But
	...

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