The Housing Market is Changing (Deals Are Coming in Winter)

On The Market

BiggerPockets

News, Investing, Business, Education

4.8 • 820 Ratings

🗓️ 28 November 2024

⏱️ 29 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Discounted real estate deals could be coming THIS winter as the housing market begins to “thaw.” Today, Dave is flying solo, bringing you a housing market update on all the crucial factors real estate investors are looking at—home prices, mortgage rates, housing supply, and rent prices. Even with home sales falling by a massive margin, home prices are still at all-time highs, and the housing market is “stuck,” but we could see some sellers taking price cuts this winter if you’re willing to take advantage. Okay, but how can home prices still be THIS high when the total home sales are twenty percent lower than average and around fifty percent under the recent highs? It’s simple—affordability struggles. High rates, high prices, and “locked-in” homeowners staying in place keep the market frozen. So, why does Dave believe sellers will be more inclined to drop their prices this winter? Where does he believe interest rates will be by the end of the year? And what’s the one thing that could get the housing market “unstuck”? In This Episode We Cover Why Dave believes real estate deals are coming THIS winter Mortgage rate predictions and how low rates could go by the end of this year Whether to buy now or wait for affordability to improve, prices to drop, and rates to fall Why home prices are still rising EVEN with homebuyer demand plummeting The MASSIVE drop in home sales since the pandemic boom and why prices have remained high And So Much More! Links from the Show Join the Future of Real Estate Investing with Fundrise Join BiggerPockets for FREE Shop the BiggerPockets Bookstore Black Friday SALE Find an Investor-Friendly Agent in Your Area Dave's BiggerPockets Profile On The Market Podcast 255 - The Fed Finally Cuts Rates, but Will It Even Matter? Nearly A Quarter of Prospective First-Time Homebuyers are Holding Off Until After the Election: Redfin Survey Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-273 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 are rounding out what has been another very interesting year in the real estate market.
0:04.9	And I find myself looking at the data, trying to understand what the housing market is trying
0:09.7	to tell us and where the best opportunities may lie this winter.
0:19.3	Hello, my friends, it's Dave.
0:21.5	Welcome to On the Market.
0:23.3	In the last couple of weeks, I've been doing some analysis, just trying to figure out what's
0:27.9	going on right now.
0:28.8	And it pointed me towards answers to the questions I just posed above.
0:34.0	And I recorded some replies and thoughts about what's happening this winter and initially put it on an episode of the Bigger Pockets Real Estate podcast.
0:42.3	But I wanted all of our on-the-market listeners to enjoy this information as well.
0:47.3	So that's what we're going to do today.
0:49.3	I'm going to share with you my thoughts on what the housing market is telling us and what we're
0:54.2	going to see through the end of the year. And if you are listening to this podcast the day that it
0:59.0	airs, happy Thanksgiving, everyone. We appreciate every single one of you. And don't forget to take
1:05.0	advantage of the Bigger Pockets Black Friday sale where you can get up to 60% off our most popular titles. To take advantage of
1:13.8	what is honestly our best deal of the entire year, go to biggerpockets.com slash Black Friday to pick
1:19.5	up whatever book you've been eyeing and wanting to read. The sale runs from November 29th through
1:24.4	December 2nd. There's not going to be any extensions. There is no presale, just four good days of good deals.
1:30.4	With no further ado, let's get into today's episode.
1:33.6	So first things first, I know everyone loves talking about prices, so we're going to just start there.
1:38.4	The national median home price is now at all-time highs, as it has been for years, but it's at $429,000, which is up
1:49.5	4% year-over-year. Now, 4% year-over-year, it may not sound like this huge number, because
	...

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.