814: BiggerNews: Home Prices to Stall as “Deflation” Concerns Pop Up

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Business, Investing

4.8 • 16.5K Ratings

🗓️ 5 September 2023

⏱️ 41 minutes

🔗️ Recording | iTunes | RSS

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Summary

Home prices are about to slowly slump, real estate agents get their listings held for ransom, “deflation” concerns begin to grow, and multibillion-dollar lawsuits could change real estate investing forever. In other news, it’s just another day in the 2023 housing market. Some say the sky is falling, others are optimistic, but what do the equally named yet unequally-haired Daves think will happen? Tune into this BiggerNews to find out! David Greene and Dave Meyer are reviewing some top headlines on today’s real estate market. Whether you love them or not, real estate agents are at the center of this episode as new lawsuits and cybersecurity attacks put their careers at risk. And this is no exaggeration—one of these stories could foreshadow “the beginning of the end” for real estate as we know it, and David has some strong opinions to share. We’ll also touch on how “deflation” could push prices down as the US economy enters shaky territory and what would have to happen for us to realize this notorious economic event. And if you’re ready to buy or sell a home this year, we have good/bad news for you (depending on what you’re doing) as Goldman Sachs releases their newest home price predictions for 2023 and 2024. In This Episode We Cover: The multibillion-dollar lawsuits that could create HUGE hurdles for first-time home buyers Deflation concerns and whether or not inflation could reverse entirely Home price predictions and why the housing market could fall flat MLS (multiple listing service) cyberattacks that are holding real estate agents hostage Why institutional investors want to END buyer’s agents and take over home buying 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 Davids's BiggerPockets Profile David's Instagram Hear Dave on the “On the Market” Podcast Dave's BiggerPockets Profile Dave's Instagram Home Prices Deflation Cyberattacks Agent Lawsuits New Agent Lawsuits Could Have Profound Effects for Buying and Selling Homes Where America’s Most Accurate Forecaster Sees Home Prices in 2024 Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-814 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 8-1-4.
0:03.6	I think BlackRock is going to come along and develop something to do this.
0:07.4	And oh, by the way, when you go to them to sell their house,
0:10.1	they will buy your house first offer.
0:12.4	And they'll say, well, if you sold it on the MLS,
0:14.4	we predict this much, but if you sold it to us,
0:16.7	we'll give you 98% of that.
0:18.6	They're going to be soaking up even more of the inventory.
0:20.9	And it's going to be harder and harder and harder
0:23.0	for your everyday person to build a buy a house.
0:25.3	And I feel like this lawsuit, we may look back
0:27.6	in 10 or 20 years and say, that was the beginning of the end.
0:30.1	What's going on, everyone? It's David Green, your host of
0:32.4	The Bigger Pockets Real Estate Podcast.
0:34.1	And if you didn't know, it's the biggest,
0:35.6	the best and the baddest real estate podcast on the planet.
0:38.5	Joining me today will be my co-host, Dave Meyer.
0:40.9	And yep, you guessed it.
0:42.4	That means we're doing a bigger news show.
0:45.2	These are my favorite shows to do.
0:47.0	In a bigger news show, we bring you news
0:49.1	from across the real estate world,
	...

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