Buyers Return as Lower Rates Hold, Trump Trades Federal Land for BIG Housing Bet

On The Market

BiggerPockets

News, Investing, Business, Education

4.8 • 820 Ratings

🗓️ 24 March 2025

⏱️ 32 minutes

🔗️ Recording | iTunes | RSS

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Summary

Buyers are finally funneling back to the housing market thanks to recently lower mortgage rates. But, we’ve still got a BIG housing problem to fix—undersupply. What’s President Trump’s plan to put more houses on the map? Freedom cities! By turning federal lands into high-tech hubs for workers, we may be able to solve our housing shortage. Is this possible, or are “freedom cities” just a far-off developer dream? We’re getting into this headline and all the others filling your newsfeed in today’s episode! Home prices are about to PLUMMET…says one article for a select few property types. While much of this might be clickbait, James does think it’s time to scoop up some sweet property deals on second homes in hot vacation markets. With good value, economic weakness putting pressure on sellers, and long-term upside, this could be a solid move to make! Want to pay even LESS to a real estate agent? That’s what everyone says, but it doesn’t seem like that’s what everyone wants as Redfin gets bought out by Rocket Companies. Is the low-cost real estate agent model finally about to bite the dust, or could Rocket turn things around, bringing buyers a whole new suite of low-cost services? Stick around; we’re sharing our thoughts! In This Episode We Cover Trump’s plan to trade federal lands for “freedom cities” that could increase housing inventory Fed rate cut update: Should we still expect rate cuts sometime in 2025? Great news for real estate agents and lenders as sales accelerate thanks to lower interest rates One type of rental property that could be a killer deal in 2025 (in SOME markets) The end (or beginning) of Redfin as Rocket Companies buys out the low-cost-agent brokerage And So Much More! Links from the Show Join the Future of Real Estate Investing with Fundrise Join BiggerPockets for FREE Sign Up for the On the Market Newsletter Find an Investor-Friendly Agent in Your Area Dave's BiggerPockets Profile Henry's BiggerPockets Profile James' BiggerPockets Profile Kathy's BiggerPockets Profile On The Market 300 - Mortgage Rates Hit 2025 Low as Recession Fears Rise What Is Trump's New Affordable Housing Plan for Federal Lands? Existing-Home Sales Accelerated 4.2% in February 5 Types of Homes Expected To Plummet in Value by the End of 2025 What went wrong at Redfin? Grab Dave’s Newest Book, “Start with Strategy” Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-306 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	Today, we're diving into the housing market headlines that are dominating the news.
0:09.6	I'm your host, Dave Meyer, and I'm joined by our expert panelist, Kathy Fecky, Henry Washington,
0:14.4	and James Dainard today. And together, we're bringing our hot takes on key headlines,
0:20.0	including utilizing federal lands for housing
0:22.6	development and the steadily lowering rates that we're seeing. These are the headlines making the
0:27.7	biggest impact on the market today. And we have a couple others to share with you as well.
0:32.7	Welcome to On the Market. All right, Henry, you have the honor or perhaps punishment of going first. So tell us
0:38.9	what news story you're bringing here. Well, yeah, man, I went with the clickbait. So earlier in the
0:44.2	week, and this article comes from Newsweek. I'd heard that President Trump had a plan for addressing
0:51.1	the housing shortage and affordable housing. And that plan would be to utilize federal lands for housing development.
0:58.8	Basically, the administration has launched a task force, and that task force is led by the
1:05.7	Department of Interior and the Department of Housing and Urban Development, the department,
1:10.3	to identify underutilized
1:13.1	federal lands that would be suitable for residential development.
1:18.2	So taking a look at land that the federal government owns and seeing if they can develop
1:22.7	housing in those lands.
1:24.6	The strategy would go for locating, they're identifying the land, and then to partner
1:29.7	with the government, developers, nonprofits, construction companies, and apparently anybody else who would
1:38.5	want to get on board to build housing on these lands. And some of the options they would look at would be either selling or
1:46.5	leasing or transferring that land over to the parties that they partner with with the goal of
1:52.6	expediting the availability of affordable housing. I'm saying all those terms because us people
1:59.2	who have been in the real estate business know that it's very difficult to expedite permits and approvals and building.
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