Spring Housing Market Update: Deals Are Getting Better (Will It Last?)

On The Market

BiggerPockets

Investing, Education, Business, News

4.8 • 859 Ratings

🗓️ 30 April 2026

⏱️ 34 minutes

🔗️ Recording | iTunes | RSS

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Summary

We’ve got new data on the Spring housing market, and it’s…well, complicated. The monthly data shows more of the same: a sluggish housing market with negative home price growth. But zoom in, and the weekly data tells a different story. Pending sales and mortgage applications are ticking higher, and we’ve just crossed into what could be the strongest buyer’s market we’ve seen in years, with sellers outnumbering buyers in 38 of the 49 largest major metro areas. This can only mean two things: deals are getting better, and investors have more negotiating power than they’ve had in a while. As for whether a Spring homebuying season is taking shape, it depends on who you ask. Tensions in the Middle East, surging inflation, and housing affordability challenges are keeping many would-be homebuyers in limbo. But investors who have the means to buy, are actively looking in strong buyer’s markets, and are analyzing deals conservatively are seeing a new window of opportunity. The question is, how long will that window stay open? In This Episode We Cover Why real estate deals are getting better, despite a sluggish housing market What “positive” weekly data means for the potential of a Spring homebuying season How tensions in the Middle East and rising inflation numbers could affect housing How investors can take advantage as the U.S. flips to a strong buyer’s market What happens to mortgage rates once new Fed chair Kevin Warsh is confirmed 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 Find an Investor-Friendly Agent in Your Area On The Market 419 – The Fed’s High-Stakes Power Struggle Affects Much More Than Mortgage Rates Dave's BiggerPockets Profile Redfin Home Price Data Housing Wire Pending Home Sales Data Redfin Buyers vs. Sellers Data Grab the Book, Recession-Proof Real Estate Investing Check out more resources from this show on ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠BiggerPockets.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ and https://www.biggerpockets.com/blog/on-the-market-421. 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 first data for the spring housing market and how the war in Iran is impacting the market is here.
0:06.7	And today we're diving into it.
0:08.6	We're going to look at the actual results so far and see how prices, inventory, affordability, and more are shaping up.
0:17.1	And we'll also talk about what it tells us about the months to come, what you can expect
0:21.4	and how you should behave. Plus, we also have a big update on the Federal Reserve drama, and
0:27.4	whether or not a new Fed chair is going to be kinder to the housing market than Jerome Powell.
0:33.1	That and much more on today's episode of On the Market.
0:41.1	Hey. and much more on today's episode of On the Market. Hey everyone, it's Dave.
0:43.1	Welcome to On the Market.
0:45.1	I think I say this every week, but man, a lot is going on.
0:48.8	Is that just me?
0:50.2	Maybe it's just me.
0:51.4	But really, it does kind of seem like the already accelerated news cycle is playing at like 2x speed right now.
1:00.3	It could be hard to keep up.
1:02.9	And today, I was going to take a break for more of the news and economics headlines and just focus on housing market data because we have some housing market
1:13.1	data from this spring that I want to go into. And we are going to do that. But there have been
1:19.3	some big developments, even since last week's deep dive into the Fed drama. So we're going to provide
1:24.5	a quick update on that first, since it seems to be on everyone's mind right now.
1:29.9	They want to know, will Kevin Warsh, the perspective probably new head of the Federal Reserve, help the housing market?
1:37.1	We'll cover that quickly at the top.
1:38.5	But then we are going to get into the weekly and the monthly data we have so far to try and suss out.
1:44.5	If the spring market is actually going to take shape, I think you're actually going to be
	...

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