85: New Builds, Knowing Your Niche, and the 2023 Housing Boom!?

On The Market

BiggerPockets

Business, News, Education, Investing

4.8 • 859 Ratings

🗓️ 10 March 2023

⏱️ 46 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

This housing market is a tough nut to crack. One week, rates are coming back down, buyers are gearing up to re-enter the real estate market, and investors are feeling optimistic. Then, the following week, inflation spikes, mortgage rates jump, and affordability plummets back down to a depressing level. Because of this topsy-turvy economy we find ourselves in, we get a slew of questions on almost every episode asking us to predict what will happen next. And today, the entire On the Market panel has flown out to Denver to get this live debate going. That’s right. Dave Meyer is joined by Henry Washington, James Dainard, Jamil Damji, and Kathy Fettke to pop some bottles, rock some chains (thank you, James), and give you up-to-date info on the housing market. We’ve taken a few of our favorite questions from the comment section and got the panel’s opinions on some of today’s most pressing topics. First, we’ll talk about why new homes are cheaper than existing homes in many markets and whether or not this is a red flag for the housing market. Then, we enter lender territory and discuss which markets are seeing new down payment requirements and which allow you to still score deals at ten to fifteen percent down. We’ll also revisit the commercial real estate crash and what could happen once these massive balloon payments come due. But don’t worry, there’s still some optimism afoot, as a couple of our expert guests predict a housing market boom could be coming in only a matter of months. So, don’t get caught in the rocky waves of this real estate market; tune in to get the scoop on everything happening on the market. In This Episode We Cover The incoming housing market “boom” that could start another buying frenzy New construction vs. existing homes and which is a safer bet as a new investor Down payment requirements and why so many lenders are asking for more The commercial real estate crash and how it could create insane deals for investors with cash on hand The state of the economy and why there’s so much contradictory data pointing in different directions Why you should always buy two plane tickets when planning your next trip 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 Jamil's BiggerPockets Profile Jamil's Instagram Kathy's BiggerPockets Profile Kathy's Instagram James' BiggerPockets Profile James' Instagram Attend a BiggerPockets Meetup Grab Dave’s “2023 State of Real Estate Investing Report” On the Market Podcast 65 with Ben Miller (Deleveraging) On the Market Podcast 71 with Brian Burke (Multifamily BOMB) Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-85 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	Want to invest in real estate, but don't have the time or know the best local markets,
0:04.2	rent to retirement has you covered.
0:05.8	Here's the deal.
0:06.5	They've helped thousands of investors, just like you, find turnkey homes across the best
0:11.2	U.S. markets.
0:12.2	And best of all, they do all the heavy lifting for you.
0:14.4	With over 250 five-star reviews on bigger pockets, rent-to-retirement experts help you build
0:19.7	strategies to retire early
0:21.1	through real estate. And right now, rent to retirement offers some amazing incentives on turnkey,
0:26.0	new construction properties, like up to $30,000 off new build prices, 0% down loan options,
0:32.1	3.99% interest rates available. Don't miss out. These deals won't last. Text, REI to 33777. Or visit
0:42.0	BiggerPockets.com slash retirement to start investing in top cash flow markets today.
0:47.9	Buy low, sell high. Very easy to say, but not always so easy to do. For example, high interest rates are hurting the
0:55.8	real estate market right now. Demand is dropping and prices in a lot of markets are falling,
1:00.7	even for many of the best assets. So it's no wonder the Fundrise Flagship Fund plans to go on
1:06.5	a buying spree expanding its billion dollar real estate portfolio over the next few months.
1:12.2	You can add the Fundrise flagship fund to your portfolio in just minutes and with as
1:17.5	little as $10 by visiting fundrise.com slash pockets. Fundrise.com slash pockets.
1:24.4	Carefully consider the investment objectives, risks, charges, and expenses of the Fundrise
1:29.6	Flagship Fund before investing. This and other information can be found in the fund's
1:34.2	prospectus at fundrise.com slash flagship. This is a paid advertisement.
1:39.6	In a frequently shifting market, deciding how to invest can be overwhelming. You need a partner
	...

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.