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BiggerPockets Real Estate Podcast

BiggerNews: 2024 Housing Market Update (Home Prices, Mortgage Rate Predictions)

BiggerPockets Real Estate Podcast

BiggerPockets

Investing, Education, Business

4.816.6K Ratings

🗓️ 9 August 2024

⏱️ 44 minutes

🧾️ Download transcript

Summary

Where will the housing market be by 2025? We’ve got some of the top 2024 housing market predictions to share today as we run through what could happen with home prices, mortgage rates, inflation, unemployment, and how single men could unintentionally tank the housing market. But we’re not just reviewing other housing market forecasts; we’re giving our own as we bet on what will happen by the end of this year. If you’re buying, holding, selling, or even thinking about investing in real estate, this is data you need to hear. First, we’re giving you a full rundown of the state of real estate in 2024 and where we are now. We’ll then move on to inflation, the Fed’s biggest target for the past few years. Inflation is starting to taper off, but will we be able to hit the golden two percent inflation rate by year’s end? And with inflation finally falling, would that mean the Fed can FINALLY cut rates and lead us into a lower mortgage rate environment? We’ll tell you exactly where we think rates will be by 2025. Next, we’re hitting on home prices. Some top forecasters are predicting above-average home price growth, while one BIG listing site sees us going negative by this time next year. Who’s right, who’s wrong, and why is one wild predictor saying that single men will cause home prices to fall by twenty percent? We’re getting into it all in this episode of BiggerNews! In This Episode We Cover: 2024 housing market predictions and where we’ll be by the end of this year Mortgage rates, rate cuts, and the Fed’s BIG decision to make in the Fall of 2024 The current state of the housing market and whether things are improving for buyers A growing unemployment rate and whether we’ll see continued job loss into 2025 Home price forecasts for the summer of 2025 and why one leading listing site expects us to go negative Whether or not we’ll see a housing crash in the near future (and who would cause it) And So Much More! Links from the Show Share Your Predictions on the BiggerPockets Forums Join BiggerPockets for FREE  Let Us Know What You Thought of the Show! Grab Dave’s Newest Book, “Start with Strategy” Find Investor-Friendly Lenders See Dave and Kathy at BPCON2024 in Cancun! The Fed Stalls as High Rates Cause More Pain—What Is Powell Doing? (00:00) Intro (02:16) The State of Real Estate (So Far) (03:27) Inflation Rate (07:36) Jobs and Unemployment  (12:49) Fed Rate Cuts (17:18) Mortgage Rates (22:12) 2025 Home Prices  (27:38) Housing Crash Coming? (31:12) Single Men Tank the Housing Market Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1002 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

Do you ever wish that you knew what was going to happen with your investments ahead of making a big decision?

0:05.6

I do. It would sure make things a whole lot easier, but unfortunately it just doesn't exist.

0:11.6

As investors, we have to operate with some level of uncertainty, but today

0:16.4

we're going to get you as close as we can to some certainty or at least an idea of what might happen by whipping out our sometimes

0:25.7

dysfunctional crystal balls and peering into the future of the housing market.

0:30.0

Today we're predicting what happens in the second half of 2024.

0:34.4

Hey everyone it's Dave.

0:40.6

Welcome to today's bigger news episode.

0:43.7

In this episode, I'm bringing on two seasoned investors

0:47.2

and market watchers to help me read the tea leaves

0:50.1

and make some educated predictions

0:52.1

about the second half of the year.

0:54.0

First, we have Kathy Fetke.

0:56.5

Thank you so much for being here.

0:58.0

Kathy, I know this is a tough ass, so please don't hate me for publicly making you make economic

1:04.4

predictions don't hate me if I'm wrong let's just make that agreement yeah everyone

1:09.8

be be nice to us this is not the easiest of things to do. But we're going out on a limb to help you all learn at least how we think

1:18.1

about making predictions and operating in an uncertain environment. So thank you, Kathy, for being so gracious.

1:25.1

Brian, I know you already hate me,

1:26.3

so I figured I just bring you on out of the fight anyway

1:29.1

and make you do this against your will.

1:31.0

Well, I appreciate that you could redeem yourself if you delete the

...

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