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On The Market

Accidental Landlords Hit a High as Rising Interest Rates Freeze Buying

On The Market

BiggerPockets

Investing, Education, Business, News

4.8859 Ratings

🗓️ 7 April 2026

⏱️ 36 minutes

🧾️ Download transcript

Summary

The housing market is locked up once again before the most important time of the year—the spring homebuying season. With interest rates flying back up to the mid-6% range and inflation anxiety rearing back, Americans are once again stuck. And it’s not just first-time homebuyers; accidental landlords are hitting a new high as homes get even harder to sell. So, is the spring homebuying season… canceled? We’re back with this week’s headlines. First, we’ll start with the new job numbers—a massive increase over a very negative February. This is good news for the economy, but strong headwinds are hitting at the same time—rising mortgage rates, rising gas prices, and reignited inflation risks. It could be enough to throw off the traditionally strong spring homebuying season altogether. Accidental landlords are forming fast as they turn their flips, former primary residences, or inherited homes into rental properties. If you’re thinking about doing this—stop. James has strong cautionary advice for anyone about to become a first-time landlord.  Finally, everyone is talking about data centers—do we invest in them or curb their construction? Here’s why Dave, Kathy, and James are very cautious about them. In This Episode We Cover New jobs report numbers and the strong bounce back from February 2026 Will oil prices flip us back to high inflation? What this means for mortgage rates Real-time trends on homebuyers and what we’re seeing in the market Why James says many people should not become accidental landlords and sell at a loss instead Are data centers really worth the hype? Why we’re not investing in them (yet), even with the growth of AI And So Much More! Links from the Show Join the Future of Real Estate Investing with Fundrise Join BiggerPockets for FREE Join us at the BiggerPockets Conference October 2-4 in Orlando. Buy tickets Sign Up for the On the Market Newsletter Property Manager Finder Stories from Today’s Show: Dave's BiggerPockets Profile James' BiggerPockets Profile Kathy's BiggerPockets Profile Grab Dave’s Book, "Start with Strategy" Check out more resources from this show on ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠BiggerPockets.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ and https://www.biggerpockets.com/blog/on-the-market-414. Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠advertise@biggerpockets.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

The roller coaster of the economy and the housing market keeps rolling on with each day seemingly

0:11.6

more confusing than the last.

0:14.1

But today, James, Kathy, and I are here to help you understand what is going on in the

0:20.0

housing market and the news, break it all down for you, and help you make sense of what you should be doing with your own portfolio. Kathy, how are you? Thanks for being here. I'm doing great. I'm here at a conference. So God, I could be at both here with you and at this conference. Nice. What are you speaking about? This morning was on new construction. This afternoon will be how to squeeze cash flow out of

0:40.8

properties today. And then also doing a syndication group, all kinds of things.

0:46.1

Oh, you were the star of the chef.

0:47.5

Oh, well, maybe a little. I'm just glad to be here.

0:51.5

Nice, James. How are you?

0:52.9

I'm good. I just got back to Arizona. It's sunny and warm, and I was in the mud all week. Here in Seattle. Yeah. I think I ruined four pairs of shoes. Oh, wow. And your shoes are expensive, man. I've seen those shoes. It's a lot of money. James also was the star of the show. I don't know if you all saw it, but we did a Seattle value ad conference

1:11.7

over the last weekend, and you should have seen it. James talked for nine straight hours about

1:16.2

value ad. At one point, Kathy, you would appreciate this. He had an IV sticking out of his arm

1:22.6

while he was standing in front of you. Are you kidding? I'll send you the picture. No, I will send you

1:27.0

a picture. Oh, of will send you the picture.

1:27.9

Oh, of course he did. The funniest part is, James, forever doesn't know, James likes doing these IVs. I don't know what's in now. Your vitamins. But like, you were speaking in front of the conference and you didn't even mention it. You were just kind of thought it was like a natural thing to do when people were sure. I guess I didn't mention it, did I?

1:44.9

It was so funny.

1:46.6

Well, a lot of comments are. thought it was like a natural thing to do when people were sheds home. I guess I didn't mention it,

1:44.3

did I? It was so funny. Well, a lot of conferences right now, but a lot of fun. If you guys

1:50.5

don't go to any real estate conferences, you should. They're great ways to network and learn.

1:55.9

You obviously miss these two, but the BP con tickets are going up for sale, early bird stuff right now.

2:01.5

If you want to join me, James, Kathy, and tons of other people in, I think it's the best event of the year. I'm biased, but I love going to it. It's so much fun. It's October 2nd through 4th in Orlando. Definitely check those out. You just can't miss it. And it's in Orlando. Come on. It's going to be fun. Oh, yeah.

2:17.1

All right.

2:17.4

Well, let's turn to the headlines because so much is going on. Honestly, I woke up today. It's Friday, April 3rd, we're recording this. I woke up today and I was going to be like, I'm really scared of stagflation. That was going to be my headline. I was going to make my own. And then all of a sudden, we had a great jobs report today. And I'm like,

...

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