987: BiggerNews: Rate Cut Chances Increase as New "Affordable" Markets Emerge

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Business, Investing

4.8 • 16.5K Ratings

🗓️ 12 July 2024

⏱️ 40 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Will the new jobs report finally prompt the Fed to cut rates, leading to you scoring a lower mortgage rate? With multifamily rents still falling, should we fear a nosediving rent trend in the near future? And why are all these traditionally overlooked investing markets becoming the new rental property hot spots? You asked, and on this episode of BiggerNews, we’re answering. We’ve taken top questions from the BiggerPockets forums and are answering them on today’s show! It wouldn’t be a BiggerNews episode without talking about the Federal Reserve. With the latest job numbers pointing in the right direction, is this the final signal the Fed needs before they start cutting rates? Or is there a specific unemployment rate we must hit for the Fed to give us some interest rate relief? Next, we’re talking about the continuously “softening” rents around the country. One sector is actually seeing rents grow, but if you’re not seeing that with your rentals, how do you ensure your tenants stay put and keep paying you rent? We’re giving our expert tips on mitigating falling (or stagnating) rents. Next, we’re highlighting the “affordable” investing hotspots popping up throughout the country as the cost of living increases. Are these markets actually worth investing in, or are the big cities going to have better returns once they bounce back? Finally, should you wait to save up emergency reserves and risk home prices rising OR buy your first property now? We share exactly what we did in the same position when we first started investing. In This Episode We Cover Fed rate cut updates and how close we could be to mortgage rates finally falling The “softening” rent trend and what you can do NOW to ensure your rent prices stay put Why the oversupply of multifamily rentals could actually reverse soon The new “affordable” investing areas that are emerging across the US (and whether we’d buy there) Emergency reserves 101 and whether you should buy now or keep saving And So Much More! (00:00) Intro (01:54) Rate Cuts Coming? (11:24) Rents Are “Softening” (19:09) How to Mitigate Falling Rents (21:36) New Affordable Markets Emerge (28:20) Emergency Reserves 101 (33:05) Ask Your Question! Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-987 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

Click on a timestamp to play from that location

0:00.0	We spend a lot of time on this show keeping up with the big forces that shape the housing market and ultimately your investing returns.
0:08.8	And as always, we try to break that information down into a way that everyday investors and
0:14.1	listeners like you can put into action. But sometimes it's hard to know what to do
0:19.0	with all of the crazy and sometimes conflicting information out there.
0:22.8	So today, we're starting with the practical
0:25.6	and answering your housing market questions. Hey, Bussers, this is Dave Meyer, and this show, this format you're listening to is bigger news.
0:40.4	And today I'm joined by Kathy Fecky. If you don't know her, Kathy is a co-host of our sister
0:44.8	podcast on the market. She's also a data-driven investor who extensively studies and understands the economy and housing market as well as anyone I know.
0:56.0	And we have Kathy here today because we're bringing in some community questions and I can use her help.
1:03.0	And we're going to get into some really good topics,
1:06.3	like what's happening with rents
1:08.8	and will soft rents continue?
1:11.6	What does the latest jobs report mean for expected fed rate cuts?
1:16.3	We'll talk about affordable housing and a whole lot more in today's episode.
1:20.6	Before we jump in I just want to mention that we do pull these questions from the BiggerPockets
1:26.0	forums at bigger pockets.com slash forums.
1:28.9	And if you want one of your questions answers, go check it out.
1:32.0	You might get your question featured on the show, but in a
1:35.2	more immediate way, you will get advice from thousands of real estate investors who are
1:40.5	participating in the forums every single day and can give you advice on whatever
1:44.3	challenge you're having in your investing journey and it's completely free so
1:49.1	make sure to check that out. All right let's bring on Kathy and get into our user questions.
	...

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.