On The Market

America is in need of affordable housing; we’re all aware. Buying your first home has become increasingly challenging for everyday people. This is where housing subsidies come in. Federal housing subsidies were created over ninety years ago to help Americans get into the housing market and strengthen the economy, but in 2024, much of that money may not be headed to homebuyers—it could be going to banks instead. On today’s show, we talk to Sharon Cornelissen, Ph.D., Director of Housing at the Consumer Federation of America. Sharon’s mission is to advocate for safe, affordable housing with equitable mortgage lending for American consumers. In this episode, Sharon illuminates the shocking fact that most Americans are completely unaware of—billions in housing subsidies AREN’T being used for housing. So, if they’re not going to homebuyers, where are all the subsidies headed? Sharon discusses the banks that could be receiving a significant amount of these subsidies without providing any benefits for homebuyers, how the Coalition for Federal Home Loan Bank Reform is trying to change this, and how, if they succeed, affordable housing could see a MASSIVE influx in subsidies, that could help the housing market tremendously. In This Episode We Cover: Where the $7.3 billion in housing subsidies is actually going The Federal Home Loan Bank system and why it’s in dire need of reform  How the mortgage market changed over the past century and why we’re seeing these problems How over $1 billion could be directed straight towards affordable housing How Sharon picked up a $7,000 house in one of the most devastated real estate markets  And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram Kathy's BiggerPockets Profile Kathy's Instagram BiggerPockets' Instagram Consumer Federation of America Federal Home Loan Banks Connect with Sharon: Coalition for FHLB Reform Sharon's LinkedIn Sharon's X/Twitter Jump to topic: (00:00) Intro (01:17) Buying a $7,000 House! (04:41) $7.3B in Housing Subsidies!  (11:45) Is It Working?  (14:44) The Big Problem  (18:59) A Solution for Affordable Housing  Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-211 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

Over the past few years, you’ve probably heard the term “walkability” thrown out. For those who have lived in big cities, this is a common factor to use when deciding where to live or work. If you can catch a quick bus or walk to the office, the grocery store, restaurants, or a movie theater, there’s a fair chance you’ll pay more for where you live. But, most real estate investors aren’t thinking about this, and their ignorance could cost them. Jeff Speck, city planner and writer, is on the show to discuss how walkability, smart urban planning, and intentional property design can help you make much more money while improving the lives of your tenants and neighbors. Jeff has seen time and time again how smart urban planning leads to higher home appreciation and rents and a safer, happier community. The problem? Most of us are stuck in car-reliant American suburbs with little walkability and lacking public transportation. After hearing this episode, you’ll easily be able to spot the properties that will grow faster in value due to smart city planning. So, before you go out and buy your next property, make sure it aligns with Jeff’s four components of walkability because if it does, you could have a valuable property on your hands that most other investors won’t even notice! In This Episode We Cover: Walkability explained and why this is such a crucial factor in home and rent prices The four components of walkability and how to ensure your property fits The huge portion of Americans who want walkable properties and communities Mixed-use development and why Americans want more than big yards and big houses Urban design trends to pay attention to that could change the real estate landscape How to get your city leaders to take the steps to building more walkable communities  And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram BiggerPockets' Instagram Connect with Jeff Jeff's Instagram Jeff's LinkedIn Jeff's X/Twitter Jeff's Website Books Mentioned in the Show: Walkable City by Jeff Speck Walkable City Rules by Jeff Speck Suburban Nation by Andrés Duany The Death and Life of Great American Cities by Jane Jacobs Homelessness is a Housing Problem by Clayton Page Aldern and Gregg Colburn The High Cost of Free Parking by Donald Shoup   (00:00) Intro (01:07) Why We Need “Walkability” (07:32) Americans WANT Walkable Spaces (09:49) Bringing Back Walkable Cities (15:19) Profit Potential to Look For (19:33) Will This Increase Affordability? (25:13) Urban Design Trends to Watch (33:01) What Investors Should Do Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-210 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

Welcome to the first-ever On the Market Housing Market Awards! This year, we’re giving out awards for the best housing market in the country, best beginner real estate investing strategy, best experienced investor strategy, and most negative impact on real estate. But we’re not just giving out the awards; we’re also getting one, as On the Market has recently been named a 2024 Webby Honoree for business podcasting! With over 13,000 podcast applicants, we made it to the top ten! We’re honored to have been honored, but it’s even more of an honor to share our On the Market housing market picks with you in today’s episode! First, we’re pitting the country against itself to see which region has been giving the biggest win to investors. Then, we’re going over the beginner investor strategy that anyone can use to start building wealth in 2024 (it’s almost a cheat code!). For experienced investors, we share the best strategy that you can use to sit back and collect passive cash flow. Finally, we give our award for the most negative impact on the housing market; who will win: high interest rates, low inventory, inflation, or the “YouTube crash bros”? Thank you again to the Webby judges for choosing On the Market as one of the best business podcasts in the world! And thank you, our listeners, for tuning in and loving On the Market—we wouldn’t be here without you! In This Episode We Cover: The newest podcasting award for the entire On the Market team The best housing market in the country to invest in (and whether or not it’ll last) One investing strategy that ANY real estate beginner can use to start building wealth  How to make truly passive income with this experienced real estate investing strategy Why you CAN’T trust the "YouTube crash bros" who keep telling you housing is about to tank Whether or not Dave is wearing sweatpants under his suit while recording this episode And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram Henry's BiggerPockets Profile Henry's Instagram James' BiggerPockets Profile James' Instagram Kathy's BiggerPockets Profile Kathy's Instagram BiggerPockets' Instagram 2024 Webby Business Podcast Honorees Book Mentioned in the Show: Lend to Live by Alexandria Breshears and Beth Pinkley Johnson Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-209 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

America is in an affordable housing crisis. With home prices rising dramatically over the past four years and rents following right along, tens of millions of Americans are spending a significant chunk of their income just to put a roof over their heads. This means less money in Americans’ pockets for education, nutritious foods, investments, or an emergency fund. But, new government policies could help lessen the budgeting blow Americans are feeling from unaffordable housing costs, and investors may be able to help while turning a profit. Dennis Shea, Executive Director of the J. Ronald Terwilliger Center for Housing Policy at the Bipartisan Policy Center, has been fighting for affordable housing long before the recent ramp-up in housing costs. Today, we ask Dennis what caused our unaffordable housing market, why it got even worse after the pandemic, the impacts high home prices have on the economy, and the potential solutions every investor should know about. We even ask the uncomfortable question: Are investors to blame for the state of housing prices? But worry not—Dennis shares numerous ways investors can actually help low-income households and their communities while turning a profit with affordable housing development. If you’re looking to invest while building an even better housing market, this is the episode for you! In This Episode We Cover: Why America is experiencing such a shortage of affordable housing units in 2024 The “root of the housing crisis” that MUST be solved for our housing market to stabilize Why housing became even more unaffordable after the pandemic One potential solution that could be a massive win-win for real estate investors and tenants The affordable housing tax credit that could see a fifty-percent boost is passed What investors can do to help build affordable housing WHILE turning a profit And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram BiggerPockets' Instagram Resources Mentioned from Today’s Show: A Bipartisan Opportunity To Address the Affordable Housing Crisis | Opinion Bipartisan Policy Center Exploring the Affordable Housing Shortage’s Impact on American Workers, Jobs, & The Economy The American Housing Act The Impact of Zoning On Housing Affordability Connect with Dennis: J. Ronald Terwilliger Center Website Dennis' LinkedIn Dennis' X/Twitter Check out more resources from this show on BiggerPockets.com:  https://www.biggerpockets.com/blog/on-the-market-208 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

Mortgage rates were supposed to be going down by now, but what happened? Even in late 2023, many housing market experts predicted that we’d be seeing high to mid six percent mortgage rates at this point and hovering around the high five percent rate mark by the end of the year, but the Fed isn’t showing any sign of lowering rates soon. Some experts even believe rates could go UP again this year as the job market stays hot and the economy sees unprecedented strength. This begs the question: What IF mortgage rates remain high? It’s a reality many of us don’t want to see, but 2024 could end with minor, if any, rate cuts, keeping monthly mortgage payments high and affordability low. So, what should an investor do in this situation? Sit on the sidelines? Invest in a different asset class? Pray to Jerome Powell? While that last option may be worthwhile, top real estate investors are saying that NOW is the time to buy BEFORE rates fall. What do we mean? We’ve got the entire expert investor panel here to give their take on what investors should do IF rates don’t fall. From house flipping to long-term buy and hold rentals, our nationwide panel of investors shares exactly what they’re doing to make money even with high interest rates. Plus, we’ll give our predictions on when rates could fall, what will happen to housing inventory, what young people should do NOW to get their first house, and why investors need to “reset” if they want to thrive in this high rate housing market. In This Episode We Cover: Mortgage rate predictions and when interest rates could finally start falling What should investors do IF mortgage rates stay high throughout 2024 The “lock-in effect” and whether or not high rates are leading to lower inventory The homes that are flying off the market in many areas (and the ones that are sitting) How young people can creatively get into their first home or investment property Why investors MUST “reset” their expectations if they’re to build wealth in this housing market And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram Henry's BiggerPockets Profile Henry's Instagram James' BiggerPockets Profile James' Instagram Kathy's BiggerPockets Profile Kathy's Instagram BiggerPockets' Instagram The Federal Reserve Leaves Rates Untouched as Pressure Mounts on Inflation Top Lenders on Mortgage Rate Predictions + Loans You’ve NEVER Heard Of Why Mortgage Rates AREN’T Falling Check out more resources from this show on BiggerPockets.com: https://www.biggerpockets.com/blog/on-the-market-207 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

For the past few years, “subject to” real estate has been all the rage. Everyone is talking about how they scored a great real estate deal by taking over a seller’s rock-bottom interest rate mortgage payment. You see it all over social media, “I got this house for zero dollars down with a three percent mortgage rate!” And while this may seem too good to be true, the practice of subject to real estate isn’t illegal, but some of its huge risks could ruin an inexperienced real estate investor. So, who do we have on to talk about subject to? Eddie Speed! Eddie is a creative financing master who’s been in the real estate note investing business for over forty years. Eddie has been around the block more than most and has seen the good and bad sides of subject to real estate. It’s become alarming to Eddie how many inexperienced investors are using this strategy without knowing the risks, putting their wealth and, more importantly, sellers in danger by being far too cavalier about the massive downsides of getting this real estate strategy wrong. Eddie walks through exactly how subject to works, the one clause that could blow up your entire deal, what will trigger it, the difference between subject to and assumable loans, who should be using subject to, and who DEFINITELY shouldn’t. Even if you’ve done a subject to deal before, you’d better stick around for this one, because you may have gotten it wrong. In This Episode We Cover: Subject to explained and whether this “no money down” strategy is worth the risk Subject to real estate vs. assumable mortgages and why these are NOT the same strategy The “due on sale” clause that could ruin your entire deal (and what triggers it) A workaround to the “due on sale” clause that most investors get WRONG Who should be investing in subject to real estate (and why it’s probably NOT you) Often overlooked state laws that could put you in hot water if you’ve done a subject to deal  And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram Kathy's BiggerPockets Profile Kathy's Instagram BiggerPockets' Instagram Subject To Real Estate Explained Connect with Eddie Eddie's Facebook Eddie's Website Check out more resources from this show on BiggerPockets.com: https://www.biggerpockets.com/blog/on-the-market-206 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

Squatters’ rights are quickly being stripped away as more states move to end this widespread illegal occupation of private property. Blackstone predicts real estate prices to “bottom” as they gear up to go on their next homebuying shopping spree. Rent increases get capped for affordable housing, and why doesn’t the American public know about the BILLIONS of dollars in government housing subsidies? It’s another wild week in the housing market, so let’s get you up to speed. In this Headlines Rumble show, we’re pitting the top housing market headlines against each other as we dive deep into the stories that affect real estate investors the most. First, we talk about DeSantis’ war against the squatters, as Florida becomes one of the first states to take action against squatters illegally occupying private property. Next, we discuss the $7.3 billion in housing subsidies that banks receive but AREN’T flowing into homebuyers’ pockets. So, where is all that money going? Blackstone predicts real estate will “bottom” soon as they prepare to buy over $1 billion in single-family homes this year. If one of the most data-backed hedge funds in existence is saying now is the time to buy, should you begin searching for your next property? Finally, we’ll discuss the recent rent caps for affordable housing that are stopping landlords from increasing their rents even during times of quickly rising costs.  In This Episode We Cover Squatters’ rights explained and why states are finally saying no to squatting The massive homebuying subsidies that no one knows about (but should!) Blackstone’s bet on a “bottoming” housing market and whether or not this means you should buy NOW Affordable housing rent increase caps and why this may lead to even less affordable housing The winning real estate market in our “Market Madness” bracket!  And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram James' BiggerPockets Profile James' Instagram Kathy's BiggerPockets Profile Kathy's Instagram BiggerPockets' Instagram Market Madness: 8 Housing Markets We’d Place Big Bets on in 2024 Flip/Off: Whose House Flip Can Pull In the Biggest Return? Articles from Today’s Show: Squatters Delinquency Rates Home Renovation Costs Housing Subsidies Blackstone Rent Caps Check out more resources from this show on BiggerPockets.com: https://www.biggerpockets.com/blog/on-the-market-205 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

The NAR lawsuit changed the real estate industry overnight. Just like that, buyer’s agents were no longer getting their standard three percent commission, and many investors began imagining what buying and selling homes would be like without realtors. But is this massive NAR settlement as dramatic as the headlines are making it out to be? Is there really an agent exodus on the horizon, or is this just a way for the bad agents to exit the industry quickly? We brought on a panel of top investor-friendly agents to find out. Joining us are four agents from across the nation: Avery Carl, Craig Curelop, Juliet Lalouel, and Mike Savegnago. All of these agents are affected by the recent NAR lawsuit settlement, but they don’t seem so shaken up. For many of these agents, this lawsuit simply thinned the competition, putting the expert agents back on top while showing the less-than agents the door. Plus, after the recent deals they’ve done, they’re not too concerned about a lack of buyer’s agent fees. Today, we’re asking each of them their thoughts on the changes to the NAR’s rules, how this will affect buying and selling homes, what this means for real estate agent commissions, and what agents should do NOW to get ahead of the game. Plus, since our agent panel is all investors as well, they give some crucial advice on finding an agent in your area that will help you build your real estate portfolio even bigger. In This Episode We Cover: The NAR lawsuit explained and what it means for real estate agent commissions A “huge exit of agents” and how this could change the real estate industry forever What to do when a seller offers you or your buyer’s agent a zero-percent commission What real estate agents need to start doing NOW to ensure they still get paid The key signs of an investor-friendly agent that any landlord should be looking for Massive downsides of buying or selling without an agent (it will cost you…) And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram Avery's BiggerPockets Profile Avery's Facebook Avery's Instagram Avery's LinkedIn Avery's Website Craig's BiggerPockets Profile Craig's Facebook Craig's Instagram Craig's Website Juliet's BiggerPockets Profile  Juliet's Instagram  Juliet's Brokerage Instagram Juliet's YouTube Juliet's Website Mike's BiggerPockets Profile Mike's Facebook Mike's LinkedIn BiggerPockets' Instagram Breaking: NAR Settles for $418M, Buying and Selling Homes Could Change Forever Check out more resources from this show on BiggerPockets.com: https://www.biggerpockets.com/blog/on-the-market-204 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

Compass is the latest brokerage to settle after the recent NAR lawsuit made sweeping changes to agent commission payments. With NAR, Keller Williams, Compass, and more associations and brokerages paying out massive settlement fees and rewriting their agent agreements, could we be on the cusp of even more lawsuits to come? We’re breaking it all down in this week’s On the Market headlines episodes! First, we’ll discuss what happened in the Fed meeting last week and whether interest rate cuts could still be coming down the line in 2024. Unsurprisingly, the Fed has forecasted even stronger economic growth than expected, but will this hold rates where they are? Next, Compass pays $57.5 million to settle their antitrust lawsuit, but even with this week’s news and last week’s NAR settlement, many top agents aren’t seeing much of a change in demand. Redfin reports on a sizable bump in housing inventory, with the “biggest increase in nearly a year,” as more homes for sale begin hitting the market. This is great news for the housing market, but will it start to slow down sales? Finally, we discuss how much you have to make to afford a $500K home and how affordability struggles could keep many Americans renting for much longer than they anticipated. In This Episode We Cover: Compass’ recent agent commission lawsuit settlement and what this means for investors The Fed’s rate cut predictions for 2024 and when we can expect rates to finally fall Strong economic projections from the Fed that point to a successful soft landing What the annual spring housing inventory increase could do to the market (will it even make a dent?) Housing affordability and how much you need to make to buy a $500K home And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram Henry's BiggerPockets Profile Henry's Instagram James' BiggerPockets Profile James' Instagram Kathy's BiggerPockets Profile Kathy's Instagram BiggerPockets' Instagram Breaking: NAR Settles for $418M, Buying and Selling Homes Could Change Forever Flip/Off: Whose House Flip Can Pull In the Biggest Return? Headlines from Today’s Episode: Fed Meeting Compass Settlement Housing Inventory How Much to Afford a $500K Home Check out more resources from this show on BiggerPockets.com: https://www.biggerpockets.com/blog/on-the-market-203 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

It’s March Madness season, so we thought we’d create a bracket of our own, pitting some of the best real estate markets against each other to see which one will win the top seed for best city to invest in 2024. Each of our expert hosts picked two real estate markets, all with a March Madness team, and share why these markets will beat out the rest in 2024. Need a new real estate investing market? You’ll find more than a few in this episode. If you want a slam-dunk housing market with layup rental property potential and three-pointer demographic trends (population, jobs, and income growth), we’ve got you covered. We scoured the nation’s housing market data and picked some of the country's fastest-growing, most affordable, and highest rent-to-price property markets that you can start investing in now. And they’re not just good college basketball towns—almost all of the cities we list have standout rental property metrics compared to most average US cities. Heard one of your favorite housing markets on this episode? Want to vote for the market you’re bullish on? Head over to the BiggerPockets Instagram NOW and vote for your favorite housing market for 2024; we’ll be sharing an update on the votes on a future On the Market episode! In This Episode We Cover: Coastal beach cities seeing MASSIVE population growth and strong appreciation potential Kathy’s favorite Midwest market that offers affordable home prices and stable employment A South Carolina city with well below-average home prices that even psychics predict will BOOM An affordable market in the Northeast that hosts huge appreciation and one of the best universities in America The “boring” southern city that’s sitting on a solid economy and cheap home prices And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram Henry's BiggerPockets Profile Henry's Instagram James' BiggerPockets Profile James' Instagram Kathy's BiggerPockets Profile Kathy's Instagram BiggerPockets' Instagram Get a Slice at Frank Pepe’s Pizzeria Next Time You’re In New Haven Books Mentioned in the Show Start with Strategy by Dave Meyer The Small and Mighty Real Estate Investor by Chad Carson Check out more resources from this show on BiggerPockets.com: https://www.biggerpockets.com/blog/on-the-market-202 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

A bombshell NAR settlement could bring wide-sweeping changes to the housing market. After a snowball of NAR lawsuits, the realtor association agreed to settle for a whopping $418 million and make critical changes to how real estate agent commissions are paid and how competition can be upheld. This significantly impacts anyone buying or selling a home and has life-changing effects for every real estate agent and realtor in the country. The New York Times’ Debra Kamin joins us to break the story. Debra breaks down the enormous legal loss that NAR (National Association of Realtors) suffered last week and the impacts it will have on the housing market. First, we discuss the new agent commission rules, which may break the standard six percent fee that realtors are used to taking. These commissions are real estate agents’ livelihoods, and a new model that supports lower commissions could force many agents to leave the industry entirely. We’ll also touch on the turbulent times NAR has faced recently, from sexual harassment scandals to changing leadership and, now, a massive settlement that could lose them more than half of their members. Will a new type of real estate agent form from the ashes of this century-old model? Or, could a brand-new way of buying and selling homes transform the housing market? Stay with us; we’ll give you the entire scoop. In This Episode We Cover: NAR’s massive settlement creating ripple effects across the real estate market The new real estate agent commission rules that could shock an entire industry Changes to the multiple listing service (MLS) that may open the market up to new competition The future of buyer’s agents and whether or not they’ll remain a critical component to buying a home Sexual harassment scandals, turbulent leadership, and recent NAR struggles What the future of using a real estate agent could look like And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram Debra's NYT Debra's Website Debra's Twitter BiggerPockets' Instagram The NAR Will Eliminate 6% Commission Standards and Pay $418 Million in Damages After Settling Lawsuit Is It the End of the Realtor? Inside the NAR Crisis New Agent Lawsuits Could Have Profound Effects for Buying and Selling Homes Check out more resources from this show on BiggerPockets.com: https://www.biggerpockets.com/blog/on-the-market-201 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

James Dainard, a house flipper in Seattle, Washington, has been on a flipping spree for the past two decades. He’s flipped more homes than you can count, made tens of millions in the process, and has built multiple massive businesses to support his flipping fixation. In the shadows, his young(er) protégé, Henry Washington, has been learning his every move and trick of the trade. To beat the top flipper, he must…become him. Now, these once brothers-in-flipping will face each other head-to-head in the money-making competition no one asked for but we wanted to make. This is FLIP/OFF. Welcome to the 200th episode of On the Market! *confetti pops, fireworks go off* This time, we’re doing something special. This show will be a battle of the house flippers, as Henry and James detail two recent flips they’re working on and battle against each other to see who can score the highest return. Both of these deals are almost unbelievable in how high their cash-on-cash returns are, so if you want to know how REAL money is made in real estate, this is the show to catch! Stick around because we’ll get into every detail and number behind these deals. Plus, we’ll be giving you deal updates soon, showcasing each flip and the progress our panel is making. Vote for your favorite flip on the BiggerPockets Instagram or the On the Market YouTube channel!  In This Episode We Cover: A house flipping competition like never before (and the punishment at stake/steak for the loser) James’ quick flip that could turn into a HUGE return in just a matter of months House flipping risks and how longer timelines and delayed permits can destroy your profits Henry’s home-run house flip that could make even MORE money than James’ much more expensive home Burst pipes, flooding, mold, mildew, and even more fun surprises from one of these flips Our favorite On the Market episodes of all time! And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram Henry's BiggerPockets Profile Henry's Instagram James' BiggerPockets Profile James' Instagram Kathy's BiggerPockets Profile  Kathy's Instagram BiggerPockets' Instagram Get All the Numbers from Henry’s and James’ House Flips Our Favorite Episodes: Homebuyers Are Getting Crushed: Are Landlords the Cause Why NFL Players Are Buying Real Estate During the Recession Listener Deals: https://www.biggerpockets.com/blog/on-the-market-92?utm_source=youtube&utm_medium=description&utm_campaign=none https://www.biggerpockets.com/blog/on-the-market-94?utm_source=youtube&utm_medium=description&utm_campaign=none Check out more resources from this show on BiggerPockets.com: https://www.biggerpockets.com/blog/on-the-market-200 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

The Fed isn’t happy, but what’s new? After inflation numbers were released last week, showing higher-than-expected consumer price growth, our rate cut dreams could be slowly dwindling. Are we still on a timeline to see lower mortgage rates by summer, or is the US economy just too strong to prompt any help for prospective homebuyers? This story, and plenty more, are coming up in this week’s headlines show. Ever get that feeling that someone is watching you? Airbnb recently announced a new policy that banned indoor surveillance cameras in hosts’ properties. This is a shock for almost every Airbnb guest and most hosts, too, as it seems we all incorrectly assumed that security cameras were only allowed on the OUTSIDE of a property. But this episode isn’t just about short-term rentals. We have some good news for housing inventory, as new listings finally saw a bump, helping add some homes to the already supply-strained market we’re facing. We’ll also talk about new unemployment numbers that are trending in a direction the Fed wants to see but may not be enough to convince them of a rate cut. All that, and more, in this episode. In This Episode We Cover: A housing supply update and the “surge” of new listings that hit the market New jobs numbers and whether rising unemployment is something we should worry about Why the Fed may become even more hesitant to cut rates in 2024 New inflation and CPI (Consumer Price Index) numbers (and what they mean) Airbnb’s newest “no indoor camera” policy and what this means for anyone hosting a short-term rental The naked man in James’ newest investment property (will he EVER get out?) And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Henry's BiggerPockets Profile Henry's Instagram James' BiggerPockets Profile James' Instagram Kathy's BiggerPockets Profile Kathy's Instagram BiggerPockets' Instagram Headlines from Today’s Episode: New Listings Job Growth and Unemployment CPI and Inflation Airbnb Cameras BiggerNews: Why Mortgage Rates AREN’T Falling Check out more resources from this show on https://www.biggerpockets.com/blog/on-the-market-199 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

Welcome to the “redemption year” for real estate investing. We talk a lot on this show about the real estate deals being done all across the country. From interviewing flippers to developers to agents and investors, it always seems like there’s still money to be made, no matter the market. But is that really true? Or is it a bunch of pro-property investing propaganda that “big real estate” is pushing? To prove that there are indeed real deals to be done in 2024, we’re bringing on some of OUR latest investments and walking through the ACTUAL numbers on this show! Each of our expert hosts (including Dave!) has a real estate deal to review on today’s episode. First, we’ll touch on James’ new joint venture partnership that’s making him a hefty six-figure profit that could almost be considered passive income. This deal alone could make James over $300,000—a sum that could change anyone’s life! Then, Dave jumps back into the market as he makes his first active real estate investment in YEARS. This home has a lot of potential, so what should he do with the property? Next, the “Kat(hy)-Signal” goes up as a growing city in Oregon pleads our own Kathy Fettke to start developing homes so local workers have a place to live. Thankfully, she picks up an astounding deal from a local farmer who doesn’t know much about developing. Finally, we’re back to good ol’ Arkansas as Henry walks through the numbers of a quick house flip that could profit him $80K. But that’s not the only sweet part of this deal. Another big benefit comes from the lot right next door. What will Henry do with it? Stick around to find out! In This Episode We Cover: Why NOW is the time to buy as competition is low and “walk-in equity” is high James’ almost passive real estate investment that could make him $300K Develop, add an ADU, or do nothing—what’s the best move for Dave’s new property? How Kathy is turning farmland into single-family houses for a small Oregon city Henry’s quick house flip that is turning a stellar profit and what he plans to do on the extra lot that came with the deal And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram Henry's BiggerPockets Profile Henry's Instagram James' BiggerPockets Profile James' Instagram Kathy's BiggerPockets Profile  Kathy's Instagram BiggerPockets' Instagram Simple Deals We’re Doing That Are Making MASSIVE Profits Books Mentioned in the Show Start with Strategy by Dave Meyer Check out more resources from this show on https://www.biggerpockets.com/blog/on-the-market-198 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

Disclaimer: Opinions expressed in this episode and written below are solely opinions of the hosts, guests, and writers and do not reflect the views of BiggerPockets. The recent NAR lawsuits are paving a new path for real estate agents—one that could change how we buy and sell real estate forever. For the past century, the NAR (National Association of Realtors) has been the controlling association for the American housing market. With most real estate agents in the country being members, the NAR has gone without an alternative for almost the entirety of its existence—but that’s about to change. Jason Haber and Mauricio Umansky, founders of the new “American Real Estate Association,” have come to give agents something different. To combat outdated fee structures, sexual harassment scandals, and a large bureaucracy, Jason and Mauricio wish to create an association that thrives on collaboration, innovation, and excellence for the best real estate agents so the industry can improve. But what type of changes are they thinking of? Say goodbye to the “basic brokers,” as Jason and Mauricio lay plans to strengthen the skills of serious real estate agents, create more investor-friendly education opportunities, bolster the ethics of those buying and selling real estate, and bring more diversity and inclusion to the decision-making that often happens behind closed doors. This could be a new era for real estate agents—one where their destiny is in their own hands. In This Episode We Cover: Recent NAR lawsuits that could put the trade association in jeopardy Breaking up the broker “monopoly” by finally giving real estate agents a choice Agent innovation and why we DON’T need more agents…we need BETTER agents Agent commissions, costs, and fees that could be changed with the American Real Estate Association Why women MUST play a more prominent role in the future of the real estate industry And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Henry's BiggerPockets Profile Henry's Instagram James' BiggerPockets Profile James' Instagram Jason's Instagram Jason's LinkedIn Jason's X/Twitter Mauricio's Instagram Mauricio's LinkedIn Mauricio's X/Twitter BiggerPockets' Instagram Hear Our Past Episodes on The NAR Lawsuits: Lawsuit Explained Verdict Settlement American Real Estate Association Check out more resources from this show on https://www.biggerpockets.com/blog/on-the-market-197 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

China’s economy is on its last legs. Thanks to massive overspending and high unemployment, the Chinese economy is beginning to break down, with real estate prices crashing at a scale similar to 2008 in the US. This is bad news for not only Chinese investors but also global investors with money in China. But could these tumultuous conditions spill over into the global economy? We’ve got arguably the world’s best economic forecaster, Joe Brusuelas, back on the show to get his take on the global economy and what could be next for the US. Joe has studied the Chinese economy in-depth and sees a “debt and deleveraging period” forming. This is bad for Chinese investors, but will it affect the US housing market? Next, Joe speaks on the other global crises, from Israel to Ukraine to Iran and beyond. With our global reliance on importing commodities like wheat and oil, how risky are we getting with the massive Middle East and Eastern European conflicts? Finally, Joe touches on domestic trends, including one substantial economic insight that could point to a new era of economic productivity in the US. This could be game-changing for you if you own stocks, bonds, real estate, or any other US-based investments. What trend are we talking about? Stick around; we’re getting into it all in this episode! In This Episode We Cover: China’s “debt trap” and how they massively slowed down economic growth The “bad bank” solution that China could (but probably won’t) use to solve their housing crisis How the US and India could become the primary economic forces in the global economy The “risk matrix” and what could cause an oil crisis due to the Middle East conflict  How the US may use Russia’s assets against them in the Russian-Ukrainian conflict  A huge economic indicator pointing to a new era of productivity for the US economy And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram Henry's BiggerPockets Profile Joe's Articles Joe's LinkedIn Joe's X/Twitter  BiggerPockets' Instagram Hear Our Last Interview with Joe On The “New Era” Of Higher Prices, Interest Rates, and Employment Is the Global Economy About to Collapse? Inside China’s Real Estate Crisis Check out more resources from this show on https://www.biggerpockets.com/blog/on-the-market-196 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

Rent prices peaked in 2022 after a double-digit percentage run-up. Due to more household formation, disposable income, and remote work availability, Americans were doing whatever they could to upgrade their housing to bigger, better, and often more expensive options. But, after interest rates shot up, the economy began to cool, and work-from-home became a not-so-sure thing, Americans became more budget-conscious. As a result, vacancies rose, and rent prices began to fall. So, how close are we to seeing rent growth return? Apartment List’s senior housing economist, Chris Salviati, joins us to share what his team has seen in the nationwide rent data. Chris looks mostly at large apartment data—the sector that’s been hit the hardest in recent years. With multifamily properties struggling to find renters and lowering their asking prices to prompt demand, you’d think the market had found a bottom—but this isn’t the case. A tidal wave of multifamily inventory is about to come online, and when it does, multifamily investors will be forced to compete with the newest and most luxurious options on the market. Will this oversupply trickle down to single-family rentals, or will renters turn away from the A-class buildings in search of more affordable options? Chris gives us his thoughts, plus future rent growth predictions, in this episode! In This Episode We Cover: What happens to rent prices when 1,000,000 more multifamily units come online Markets that have the most oversupply and could see significant rent cuts The massive concessions multifamily apartments are giving new renters  When real estate investors can expect rent growth to pick back up  2024 rent price predictions and whether demand could come back How single-family rental prices will be affected by multifamily’s huge oversupply And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram James' BiggerPockets Profile James' Instagram Chris' Articles and Reports Chris' LinkedIn Chris' X/Twitter BiggerPockets' Instagram Rents Show Biggest Decline in 3 Years—Should Landlords Panic? Multifamily Is at High Risk of Continuing Its Historic Crash in 2024—Here’s Why 2024 Rental Market Outlook: Is a Shift Coming? Check out more resources from this show on https://www.biggerpockets.com/blog/on-the-market-195 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

Most real estate markets in America saw huge home price growth over the past five years. Ever since the pandemic, equity and appreciation have been slingshotted to new heights, with some housing markets having over FIFTY PERCENT home price appreciation in just a few years. Today, we’re touching on the four top appreciation markets in America, all of which saw massive price jumps over the past five years, and some are even still affordable! But, if you’re like most real estate investors, you’re screaming at your screen, “What about the cash flow? You can’t bet on appreciation!” Well, we’ve already read your mind as we get into a debate over whether or not appreciation SHOULD be accounted for before buying a property and whether or not it’s better than cash flow. Surprisingly, some of our appreciation-rich experts prefer cash flow, while our cash flow market investors prefer appreciation. Stick around as we dive into the top appreciation markets in America, which ones we’d invest in, which ones may be on a downward trend, and why many Americans love the mountains so much they secretly want to be ranchers instead of nine-to-five workers. In This Episode We Cover The top four appreciation and equity growth housing markets in America How work-from-home changed the housing landscape forever  Whether or not to underwrite for appreciation when analyzing your real estate deals The signs that your real estate market is about to experience explosive appreciation A cash flow vs. appreciation debate and the surprising choice most investors would make What you MUST do before you make an appreciation bet on a rental property or housing market And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram Henry's BiggerPockets Profile Henry's Instagram Kathy's BiggerPockets Profile Kathy's Instagram James' BiggerPockets Profile James' Instagram BiggerPockets' Instagram Cash Flow Isn’t Dead: 4 Markets With The Highest Rent-to-Price Around Cash Flow vs. Appreciation: What Experienced Investors Know About the Debate That You Don’t Books Mentioned in the Show Real Estate by the Numbers by Dave Meyer and J Scott Retire Rich with Rentals by Kathy Fettke Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-194 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

Which investing trends could make you wealthy in 2024? First, we had long-term rentals, then the BRRRR strategy, short-term rentals, medium-term rentals, syndications…the list goes on and on. And while trends come and go, acting on them at the right time could be your ticket to financial freedom. So, which trends are worth investing in this year, and which are dying out and should be avoided? We’re giving our takes on this episode. Some of the trends in this episode are brand new—only with advanced technology have these investments even been made possible, but some are trends you may already be part of. From room rentals to very flexible commercial investments, Elon Musk’s new affordable housing, and a way to “build” your own one percent rule properties, these trends have gone mostly unnoticed but are sure to catch fire in the coming years. But, some trends that exploded over the pandemic should be put to rest. These once cash-flowing investments reached their heyday in 2022 and 2023 and are slowly becoming lackluster (and often dangerous) investments for new investors. Which tactics are we talking about? Stick around to find out! In This Episode We Cover: Future real estate investing trends that could offer BIG cash flow in 2024 and 2025 The flexible commercial real estate investment that online businesses rely on to survive Kathy’s billion-dollar idea for a match-making app using this specific strategy How to maximize your dollar per square foot by renting out PARTS of your property The new smart homes that could finally solve the affordable housing problem How to create the one percent rule (EVEN in 2024) by building your own rentals Dying trends that are seeing low cash flow, high vacancies, and tough turnover And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram Henry's BiggerPockets Profile Henry's Instagram James' BiggerPockets Profile James' Instagram Kathy's BiggerPockets Profile Kathy's Instagram BiggerPockets' Instagram Top 10 Real Estate Markets for Cash Flow in 2024 Cash Flow For Rental Properties: What is Average or Good? Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-193 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

Cash flow real estate is hard to find. In almost any big city, making financial freedom-producing cash flow is becoming a pipe dream. But that doesn’t mean there still aren’t pockets of cash flow throughout the United States; you just need to know where to find them. Thankfully, we’ve done the work for you, putting together a short list of cash-flowing real estate markets with the highest rents and lowest home prices. In this episode, we’re talking about cold, hard cash flow. More interested in building equity but still want some passive income on the side? We share four different strategies ANY investor can use to find cash-flowing rental properties in ANY market. Looking for a new market? You're in luck; we’ve got a list of four top cash-flowing real estate markets—but the real question is, would WE invest in them? Finally, we’ll share our takes on whether or not cash flow is crucial, especially as it becomes harder to find. You’ll see why Kathy and Henry have stopped caring so much about mailbox money and are focusing on something much more important when building wealth. In This Episode We Cover: The four ways to find real estate cash flow EVEN in an appreciation market The cash flow “situations” to look for whenever buying a new property The argument FOR using less debt, but the big downside to consider Four cash-flowing real estate markets with high rents and low home prices Whether or not WE think cash flow is crucial for investors in 2024 The one thing that made Kathy very wealthy and why she stopped searching so hard for cash flow  And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram Henry's BiggerPockets Profile Henry's Instagram Kathy's BiggerPockets Profile Kathy's Instagram BiggerPockets' Instagram Top 10 Real Estate Markets for Cash Flow in 2024 Cash Flow For Rental Properties: What is Average or Good? Books Mentioned in the Show Short-Term Rental, Long-Term Wealth by Avery Carl 30-Day Stay  by Zeona McIntyre and Sarah Weaver Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-192 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

Is college worth it? Many Americans are beginning to boldly state, “Nope!” But does the growing anti-higher education sentiment point to facts or fiction around the cost of college? We invited Dr. Anthony P. Carnevale, research professor and director of the Georgetown University Center on Education and the Workforce, to the show to give us up-to-date data on the true ROI of a college degree. With America’s shockingly low college graduation rate and student loans being one of the biggest limiting factors of financial freedom for many Americans, it’s understandable why so many people are skipping college to go straight into the workforce. But the data paints an entirely different picture. Those who opt out of the traditional four-year degree system could be making a massive mistake, one that could cost them seven figures in the long run. A sum that size could be the game changer for finding financial independence. In this show, we ask Dr. Carnevale about why college has gotten so expensive, the problem with freezing tuition, which majors make the most (and the least), and whether where you go to college even matters. Plus, he shares some shocking statistics about how much a degree is worth and why one group of Americans is ditching degrees in today’s strong economy. In This Episode We Cover: Keller Williams' settlement of $70M in the NAR agent commission lawsuit and what this means for the future of agent commissions  The rise of “niche” brokers and agents and why they may THRIVE in the coming years Our crucial advice for first-time homebuyers that you CANNOT miss Commercial real estate losses and how hard IS it to get an investor loan today? (this will surprise you) New jobs report numbers that took many economists by surprise and what effect it could have on future mortgage rates And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram Henry's BiggerPockets Profile Henry's Instagram James' BiggerPockets Profile James' Instagram Kathy's BiggerPockets Profile Kathy's Instagram BiggerPockets' Instagram Hear Dave on The “BiggerPockets Money” Episodes About College Degree ROI: Is College Worth the Cost? This 30,000 Variable Study Says “Sometimes…” Why 40% of Master’s Degrees Aren’t Worth It Federal Student Loan Forgiveness Update: What Happens Now? Connect with Dr. Carnevale: Dr. Carnevale's LinkedIn The Chronicle of Higher Education Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-191 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

Just when you thought the NAR lawsuit coverage was over, Keller Williams agrees to settle for $70M, bringing a big blow to real estate agent commissions. How will this impact buyers and sellers, and are we entering a new age of home buying where only a fraction of the real estate agents exist? We’re getting into this headline and others affecting the housing market in BIG ways in this episode of On the Market. Some agents will thrive while others barely survive in a post-NAR lawsuit world as real estate agent commissions are threatened once again. But it isn’t only agents getting hit hard this week. Banks have been “rocked” by real estate losses, primarily commercial real estate, as loans come due, but investors aren’t able to pay. One bank saw its share price slide by more than fifty percent this month as earnings reports showed a major loss from lending this quarter. Finally, it wouldn’t be a headlines show if we didn’t touch on the jobs report. This month, we’re getting a mixed bag of good for the economy but bad for rates type of numbers. Jobs are growing, and the economy is still chugging along, but will this push rate cuts back as the Fed fails to find weakness in our economy? We’re giving you our thoughts on this episode! In This Episode We Cover: Keller Williams' settlement of $70M in the NAR agent commission lawsuit and what this means for the future of agent commissions  The rise of “niche” brokers and agents and why they may THRIVE in the coming years Our crucial advice for first-time homebuyers that you CANNOT miss  Commercial real estate losses and how hard IS it to get an investor loan today? (this will surprise you) New jobs report numbers that took many economists by surprise and what effect it could have on future mortgage rates  And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram Henry's BiggerPockets Profile Henry's Instagram James' BiggerPockets Profile James' Instagram Kathy's BiggerPockets Profile Kathy's Instagram BiggerPockets' Instagram NAR Slapped with $1.8B Lawsuit Payout, Ripple Effects Could Be “Enormous” Articles from Today’s Show: Keller Williams Settlement Bank Losses January Jobs Report   Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-190 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

The Fed is putting us all in danger. With high rates, low inflation, a strong job market, and millions of Americans wishing they could buy a home (but can't), we're in a strange position. Buying a home is still unaffordable even with rising wages, but the Fed won't drop rates BECAUSE of rising wages and such strong job numbers. We're in a housing market stalemate, and all of this could have been avoided if the Fed stopped counting on old data to save them. You might think that these are wild claims, but thankfully, we've got the housing market expert of housing market experts on the show, Logan Mohtashami, to make his case. Logan's team at HousingWire tracks housing market data like no one else can. They have the most up-to-date metrics and the best forecasts in the industry and were right about this housing market, and the last one, the one before that, and…you get the point. It goes without saying Logan is the singular voice to trust when it comes to housing and the economy. Logan says the Fed is "playing with fire" by keeping mortgage rates as high as they are. They want to break the labor market, but with every number pointing to a return to normal, why should they? Logan gives his thoughts on why the Fed isn't dropping rates, the huge housing market mistake they're making, the metrics that could point to a disastrous labor market, and the harsh reality for first-time homebuyers. In This Episode We Cover: A normalizing job market and what could cause it to finally break  The Fed's massive mistake that is putting the housing market in danger Why the Fed won't lower mortgage rates yet and what they're waiting for  The devastating state of housing demand and why it shouldn't be like this in 2024 How lower-income households are getting hit the hardest, EVEN in an expanding economy  Bond market effects and why yields are staying so high  And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram Henry's BiggerPockets Profile Henry's Instagram James' BiggerPockets Profile James' Instagram Kathy's BiggerPockets Profile Kathy's Instagram BiggerPockets' Instagram The Crash Predictors Are Wrong, Here’s Why Here’s What Will Cause Mortgage Rates to Finally Fall Is The Fed Moving Fast Enough to Save Us From a Recession? The “HousingWire” Housing Market Tracker Connect with Logan HousingWire Logan's Instagram: @logan_mohtashami Logan's LinkedIn Logan's Website Logan's X/Twitter: @LoganMohtashami Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-189 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

It’s February, and you know what that means…Groundhog Day! Just kidding, it’s almost Super Bowl Sunday, so we’re tackling some of the top Super Bowl housing markets to see which ones make for a touchdown investment market and which don’t make the team. If you’ve ever wanted to own a rental property within driving distance of the biggest football game of the year, now’s your chance as we review four Super Bowl host cities and give our takes on their investing fundamentals. Dave and the panel will look at Tampa, Florida; Los Angeles, California; New Orleans, Louisiana; and Miami, Florida. One of these markets is an all-panel hit, while others boast distributing metrics that any investment property owner should look out for. We’ll review each market, sharing their metrics, best strategies, and whether our expert panel would invest in them. Plus, if you want to hear who WE’RE rooting for in Super Bowl LVIII, stick around, but please DON’T bet on it…we’re investing experts, NOT football experts.  In This Episode We Cover: Which Super Bowl real estate markets we’d invest in Kathy’s pick for a southern market with solid fundamentals and a rising population The pricey coastal market that might only be good for a quick flip but NOT long-term rentals Dave’s favorite sandwich city that has high cash flow but RISKY long-term potential  Rising insurance premiums turning this popular tourist destination into a dicey area to invest in A very one-sided prediction on who will win Super Bowl LVIII And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram Henry's BiggerPockets Profile Henry's Instagram James' BiggerPockets Profile James' Instagram Kathy's BiggerPockets Profile Kathy's Instagram BiggerPockets' Instagram Meet Dave and The Other Hosts In Denver Hear Our Interview with Former NFL Player Devon Kennard Do College Football Towns Make the BEST Real Estate Investing Markets? Try Dave’s Favorite Sandwich in NOLA Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-188 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

The biggest real estate tax deduction is coming back. That’s right—100% bonus depreciation is almost cleared for a triumphant return as the House pushed a new tax bill to the Senate, one that includes some massive tax deduction potential for real estate investors and everyday Americans alike. So, why is this SUCH a big deal? We’ve got Brandon Hall, CPA, on to break down why bonus depreciation could save you tens, if not hundreds, of thousands of dollars. Everyone knows that real estate boasts some of the best tax benefits of any investment in the nation. But, the one tax benefit to rule them all is almost always depreciation. This tax write-off lets you expense a portion of your property every year and can turn your real-life gain into a paper loss, so you keep your cash flow while avoiding taxes. But bonus depreciation is like regular depreciation on steroids. And the tax benefits can be massive. So, how do you take advantage of this huge tax write-off? What do you need to know BEFORE you take it? And should you hold off on filing before this new bill passes? We’ve got answers to all that and much more in this episode, so stick around! In This Episode We Cover: Four of the hottest housing markets in 2024 that we’d flip houses or long-term invest in The high-priced coastal market that we love…but wouldn’t buy rentals in A snowy northeast market that has low prices and big rent-by-the-room potential  A sleeper city with a big price tag but solid investing benefits The not-so-sexy market that made the number-one spot and surprised us all Unemployment rates, home prices, average rents, and top metrics you MUST check before investing And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram Henry's BiggerPockets Profile Henry's Instagram James' BiggerPockets Profile James' Instagram Kathy's BiggerPockets Profile Kathy's Instagram BiggerPockets' Instagram What Is Bonus Depreciation And How Does It Work? What is Rental Property Depreciation & How to Calculate It The Biggest Real Estate Tax Loophole You’ve (Probably) Never Heard Of w/Brandon Hall Connect with Brandon: Brandon's BiggerPockets Profile Brandon's LinkedIn Brandon's Website Brandon's X/Twitter Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-187 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

These hot housing markets could make any investor start to sweat. You’ve been longing for some cash flow connection, but your prayers have gone unanswered. You don’t know what you’re in the mood for—a quick flip or maybe something a bit more long-term. You’re hesitant to settle down with so many options around, but waiting won’t get you what you want. Worry not; we’ve brought the hottest housing markets to you this Valentine’s Day. Enough with the promiscuous property puns. We’re breaking down Yahoo Finance’s list of the hottest housing markets for 2024, going over their top picks and telling you where we’d swipe right or left. If you’ve never had the chance to online date, now is your time to feel the digital thrill as James, Kathy, and senior producer Kailyn Bennett become your investing BFFs for the next half hour, showing you which property market has potential and which deserves nothing more than a quick flip. Some of these markets may surprise you (they surprised us!) due to their underrated potential, but just because a housing market makes the top lists DOESN’T mean it’s the right market for you. So, which areas would we love to settle down with? Stick around; you’re about to find love, listings, and leases in these markets! In This Episode We Cover: Four of the hottest housing markets in 2024 that we’d flip houses or long-term invest in The high-priced coastal market that we love…but wouldn’t buy rentals in A snowy northeast market that has low prices and big rent-by-the-room potential  A sleeper city with a big price tag but solid investing benefits The not-so-sexy market that made the number-one spot and surprised us all Unemployment rates, home prices, average rents, and top metrics you MUST check before investing And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel James' BiggerPockets Profile James' Instagram Kathy's BiggerPockets Profile Kathy's Instagram Yahoo Finance’s Top Housing Markets for 2024 Top 10 Real Estate Markets for Cash Flow in 2024 Master plan calls for more growth in downtown Toledo Connect with Kailyn: Kailyn's BiggerPockets Profile Kailyn's Instagram   Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-186 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

We know mortgage rates will fall this year, but how long will we have to wait? Will they get down to the fives or stay in the six-percent range? And even if the Fed lowers the federal funds rate, will this significantly impact mortgage rates? We brought on three elite lenders to get their takes on when rates will drop, how low they could go, and why waiting for lower rates is a riskier decision than you think. Caeli Ridge joins us again as our go-to investor-lender combo, and Krystle and Kenny Simpson, San Diego-based lenders, are on the show to give their viewpoints from the small investor and large commercial lens. Plus, these lenders are about to share the info on some investor loans that you may have NEVER known about—loans that other investors are taking advantage of TODAY to get deals done, even with high interest rates. Speaking of high interest rates, our lenders show mathematical proof that rates are NOT the defining factor of your real estate deal and how waiting for a half-percentage drop could cost you more than you think. Plus, the commercial real estate “bloodbath” coming for one certain sector unless local governments step in.  In This Episode We Cover: The investor loans that you’ve NEVER heard of that are being used TODAY to get deals done Mortgage rate predictions and how low rates could go by the end of 2024  The commercial real estate drop-off and why buying/selling has come to a halt  High-rate investor HELOCs you can get today that’ll cost you LESS than a thirty-year mortgage  Huge opportunity in commercial real estate as one sector becomes a “bloodbath” DSCR, non-QM, and other investor-only loans you can take advantage of NOW And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram Hear Our Last Interview with Caeli Fannie Mae’s Mortgage Rate “Range” to Expect in 2024 and 2025 Connect with Caeli: Caeli's BiggerPockets Profile Caeli's Instagram Caeli's LinkedIn Caeli's Website Connect with Krystle and Kenny: Kenny BiggerPockets Profile Krystle's Instagram Kenny's Instagram Krystle's LinkedIn Kenny's LinkedIn Kenny's Twitter Website Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-185 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

Home prices will rise, home sales will jump, and mortgage rates will fall to a familiar range, according to Fannie Mae’s Doug Duncan. In their newest consumer sentiment survey, Fannie Mae points to a “tale of two housing markets” where both buyers and sellers are stuck. Rates aren’t low enough to get back into the housing market, and with prices set to rise, why should homeowners sell? Doug provides some incredible insight on today’s episode, explaining why housing market sentiment is still so low, what could boost homebuying demand, and where Fannie Mae expects mortgage rates to be in 2024 and 2025. If you’re praying for rates to hit the rock-bottom levels of 2020 and 2021, Doug has some news you NEED to hear. But rates and prices aren’t the only factors impacting buying/selling. Our huge undersupply of housing is making the market even more competitive as builders remain stuck, forced to pay high interest rates and high labor costs, all during a time when most of America doesn’t want to purchase. How do we get out of this housing market stalemate? Stick around as one of the top minds in housing gives us his answers. In This Episode We Cover: Fannie Mae’s newest housing market sentiment numbers and what they mean for buying/selling 2024 vs. 2008 and the factors causing so much property purchasing pessimism The mortgage rate “range” we can expect in 2024 and 2025 The three factors that MUST change if we’re to see a return back to a normal housing market  Recession indicators that are going off, EVEN with today’s solid economic growth The massive construction constraint that’s stopping more inventory from coming on the market And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram Where America’s Most Accurate Forecaster Sees Home Prices in 2024 w/Doug Duncan With Mortgage Rates Set To Drop, Will This Be the Year Sellers Come Back? HousingWire CEO: This Inventory Shortage Could Last Decades Fannie Mae’s Latest National Housing Survey Connect with Doug: Fannie Mae Doug’s LinkedIn Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-184 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

The “frozen” housing market is about to get blowtorched as competition is set to heat up in 2024. With lower mortgage rates, bigger investor tax benefits, positive economic sentiment, and tight inventory, homebuyers will need to act fast unless they want to make the same mistakes of 2021 and 2022. Are the bidding wars and price hikes coming back? Will we look back at 2023 as an “affordable” time to buy a house? Welcome to the first On the Market Headlines Rumble Show! We’re putting Dave, Henry, James, and Kathy in a metaphorical cage match as they each bring hard-hitting headlines to knock each other out with bigger and better news. No physical punches will be thrown, but psychological piledrivers will be aplenty in today’s show. We’ll talk about the “frozen” housing market reigniting in 2024 due to stiff competition, low inventory, and falling mortgage rates. Next, why Americans are giving up on college degrees and going straight into employment. A MASSIVE investor tax write-off could make a comeback as bonus depreciation goes BACK on the legislative table. Plus, why Blackstone, everyone’s favorite hedge fund, is buying BILLIONS of dollars in housing in the US and Canada.  In This Episode We Cover: Housing market competition and what could cause higher prices, bidding wars, and more seller power A 100% bonus depreciation comeback and whether investors should bet on bigger write-offs Sinking college confidence and the surprising statistics showing Americans’ lost faith in higher education New housing starts numbers that could signal even MORE competition to come Blackstone’s $3.5 BILLION bet on the American (and Canadian) housing market Newest consumer sentiment survey results showing a surprising change of tune for Americans And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram James' BiggerPockets Profile James' Instagram Henry's BiggerPockets Profile Henry's Instagram Kathy's BiggerPockets Profile Kathy's Instagram Frozen Housing Market Invitation Homes Rent-Gouging Mortgage Applications Soar College Degrees Tax Breaks and Depreciation Single-Family Construction Starts Blackstone Consumer Sentiment Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-183 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

The “silent depression” is here. Just like in 1929, the American economy is ravaged by a declining GDP, plummeting asset prices, widespread unemployment, and a completely fractured banking system. Wait…are any of those things happening today? Not quite. But, according to social media, a “silent depression” is widespread across the American economy, with high inflation, limited wage growth, and low homeownership for millennials and Gen Z. To explain the “silent depression” trend, CNBC’s Jessica Dickler is on the show, giving her take on this trend and other popular economic trends across social media. We’ll get into why younger generations feel so bad about the economy, EVEN with strong financial fundamentals, the rising cost of living across the country, and whether or not economists agree with the “silent depression” theory. And if you want to see Dave get really fired up, prepare to hear his best “you darn kids!” impression as he explains why so many young Americans are tired of older generations holding so much of the wealth.  In This Episode We Cover The “silent depression” explained and why so many Americans are financially fearful How BAD is the American economy in 2024? (is it even bad at all?) Economic depressions vs. inflation and why the rising cost of living hits so hard  Explaining other popular TikTok trends like “loud budgeting” and “girl math” Social media vs. reality and why you can’t (always) trust the internet  Dave aging instantly by thirty years during an on-air rant  And So Much More! Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-182 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

Multifamily real estate has crashed, but we’re not at the bottom yet. With more debt coming due, expenses rising, incomes falling, and owners feeling desperate, there’s only so much longer that these high multifamily prices can last. Over the past year, expert multifamily investors like Brian Burke and Matt Faircloth have been sitting and waiting for a worthwhile deal to pop up, but after analyzing hundreds of properties, NOTHING would work. How bad IS the multifamily market right now? Brian and Matt are back on the podcast to give their take on the multifamily real estate market. Brian sees a “day of reckoning” coming for multifamily owners as low-interest debt comes due, banks get desperate to be paid, and investors run out of patience. On the other hand, Matt is a bit more optimistic but still thinks price cuts are coming as inexperienced and overconfident investors get pushed out of the market. So, how does this information help you build wealth? In this episode, Brian and Matt share the state of the 2024 multifamily market, explain exactly what they’ve been doing to find deals, and give their strategy for THIS year that you can copy to scoop up real estate deals at a steep discount. Wealth is built in the bad markets, so don’t skip out on this one! In This Episode We Cover: The state of multifamily real estate in 2024 and how low prices could go A “day of reckoning” coming for inexperienced/overleveraged multifamily owners Whether or not we’ve reached the bottom for multifamily price drops  What rookie real estate investors should do NOW to take advantage of this down market Rising mortgage rates and how increased costs have KILLED many multifamily deals Exactly what Brian and Matt are investing in during 2024 to make money no matter how the market moves And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area Expand Your Investing Knowledge With the BiggerPockets Books Be a Guest on the BiggerPockets Podcast Dave's BiggerPockets Profile Dave's Instagram Join the BiggerPockets Virtual Summit Check Out Dave On the “On the Market” Podcast Top Multifamily Investors’ Advice for Buyers in 2023? DON’T Do It Books Mentioned in the Show Raising Private Capital by Matt Faircloth The Hands-Off Investor by Brian Burke Connect with Matt: Matt's BiggerPockets Profile Matt's Website Matt's Instagram Connect with Brian: Brian's BiggerPockets Profile Brian's Website Brian's Instagram Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-181 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

The tide may have finally turned for real estate investing and the housing market. After carefully tracking sentiment among small investors, Rick Sharga’s team at CJ Patrick Company has seen a BIG boost in optimism over the last quarter. It seems that betting on the housing market is back as improving investor sentiment and confidence pushes more and more people to go after rental property investing and house flipping. But which strategies will have the most explosive growth? We sat down to break the story with Rick on the newest Investor Sentiment Survey, what investors are feeling the most bullish about in the 2024 housing market, and the biggest concern investors have on their minds. And the data Rick shares isn’t just shown in the survey—it’s mirroring today’s market conditions. In James’ market alone, investor demand has quadrupled recently, showing a STRONG resurgence in a specific type of real estate investing.  We’ll walk through the new investor sentiment numbers, why house flipping activity could explode over the next year, one big risk hurting rental property investors, and where investing activity is pooling across the nation. In This Episode We Cover: Latest investor sentiment numbers and the one strategy that is about to have a BIG comeback The HUGE opportunity for rental property investing that most investors will miss How James made MORE money doing HALF as many flips in 2023  Low mortgage rate predictions and why investors need to get in BEFORE rates drop One serious hurdle that’s hurting rental property investors in 2024 And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram James' BiggerPockets Profile James' Instagram Hear Our Last Interview with Rick on BiggerNews Home Prices May Have Bottomed Says New “Investor Sentiment Survey” w/Rick Sharga ATTOM’s Home Flipping Report Book Mentioned in the Show Start with Strategy with Dave Meyer Connect with Rick: Rick's LinkedIn Rick's X/Twitter Rick's Website Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-180 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

Right now, many multifamily operators are scared. They’ve got debt due, higher vacancy rates than ever, and banks that could be coming for them at any second. And although a “soft landing” in the economy could help keep most multifamily operators from being foreclosed on—not everyone is safe. If you’re looking to invest in multifamily this year, there could be some big buying opportunities. To walk us through the state of the multifamily and commercial real estate market is CBRE’s Richard Barkham. Richard leads a team of six hundred research experts, all digging into the most up-to-date real estate data around. Today, Richard touches on the commercial real estate space, why prices AREN’T crashing, the sectors that will continue to struggle in 2024, and why the industry as a whole has remained so resilient, especially when no one expected it to be. We’ll also get into cap rate forecasts and how high they could get so prices finally come back down to earth. But that’s not all; Richard gives a rare take on why so many struggling multifamily investments DIDN’T get foreclosed on, whether or not the oversupply of multifamily could make trouble for residential buyers, and what will happen when the “wave” of multifamily construction hits. In This Episode We Cover: A 2024 commercial real estate update and whether or not a price crash is still on the table Rising vacancy rates and the commercial sectors that could get hit the hardest  Cap rate expansion and whether or not we’ll see price cuts this year Why Richard sees 2024 as a “year of opportunity” for multifamily investors States with the most multifamily construction that could see price cuts spill over into residential “Distressed” multifamily investors and why we WON’T see a wave of foreclosures  And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram Join the BiggerPockets Virtual Summit The “Doom Loop” That Could Crash Commercial Real Estate w/Richard Barkham Access CBRE’s Insights and Research Connect with Richard: Richard's CBRE's Profile Richard's LinkedIn Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-179 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

Americans are convinced that today’s economy is bad…really bad. In fact, many of them think that this is the worst economic period in US history. Are they right, or are they just historically challenged? In today’s show, we’re going to touch on the good and the bad happening in the economy, from new job numbers to negative economic sentiment, corporate landlords who want you to live at work, and whether or not buying a house in 2024 is a smart move to make. With so many economists only a few short months ago predicting a recession in 2024, a surprising new jobs report has been released showing something nobody would have expected. Is this good for employees, or does this bring more power to the employer? Speaking of employers, how would you like Elon Musk to be your landlord? Well, if you work for Tesla, SpaceX, or The Boring Company, this could be your reality. And, if you’ve been on the fence about buying a home, our investing experts go through the pros and cons of purchasing in 2024. With less competition and rates forecasted to drop, now could be the final time to get a steal on your next real estate deal. But is locking in your price now your best bet? Stick around to find out! In This Episode We Cover: New jobs data and whether wages are growing, shrinking, or staying stagnant for Americans “Labor hoarding” and why top companies are paying to keep workers on call Why younger Americans believe now is the “worst economy in US history” The re-emergence of “company towns” and how Google, Meta, and Elon Musk could become your next landlord Why expert investors are buying now BEFORE mortgage rates go down And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram James' BiggerPockets Profile James' Instagram Kathy's BiggerPockets Profile Kathy's Instagram Henry's BiggerPockets Profile Henry's Instagram Here’s What the U.S. Consumer Tells Us About the State of the Economy Articles Mentioned in This Episode: Jobs Report Company Towns Buying in 2024 Home Prices Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-178 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

If you want to build a real estate portfolio or make more money off of your current portfolio, there are three steps you need to follow. Real estate investing experts who built massive passive income have used these three steps for decades without even knowing it. Now, Dave Meyer is sharing them with you so you can build wealth, find financial freedom, and live the life you love. In his newest book, Start with Strategy, Dave goes over three crucial steps that the most successful investors have taken either before or while building their real estate portfolios. Today, we’ll walk through all three steps, helping you design the life you want to live BEFORE you buy investment properties, pick out EXACTLY which properties will help you get there, and learn how to make the most money with the least properties possible. No matter what stage you’re at in your investing journey, these three steps can help you hit your goals MUCH faster. If you want to build wealth in 2024, pick up Start with Strategy and use code “START177” at checkout to get 10% off PLUS pre-order bonus content! In This Episode We Cover: Latest homeowner equity numbers that put owners and sellers in an even better position The most and least home-equity-rich housing markets in America Foreclosure risk and how “negative equity” completely flipped since the Great Recession The rise of “accidental investors” who are keeping more housing supply to themselves Molly’s strong mortgage rate prediction and where she thinks rates will be by the end of this year Whether or not equity could explode once again as buyers get back into the market And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram Kathy's BiggerPockets Profile Kathy's Instagram Henry's BiggerPockets Profile Henry's Instagram Grab “Start with Strategy” and Use Code “START177” at checkout for 10% off! Every Strategy I Used To Build My Portfolio for Financial Independence Book Mentioned in the Show The Paradox of Choice by Barry Schwartz Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-177 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

Home equity just hit an all-time high for Americans. And while this is great for homeowners, what effects could this have on the housing market? Will house hoarding become a new trend as homeowners “lock in” with their rock-bottom mortgage rates? Will those who are equity-rich take their profits and move to cheaper markets, causing prices to skyrocket as they bid higher than local buyers can? Molly Boesel, Principal Economist at CoreLogic, is on to answer these questions and more! CoreLogic’s latest Homeowner Equity Insights report has a clear takeaway: Americans are equity rich—really equity rich. On average, American homeowners have hundreds of thousands of dollars sitting in home equity, with some of the priciest housing markets having millions! This is causing a new type of investor, the “accidental investor,” that could keep housing supply locked up. Molly gives her take on why so many homeowners are refusing to sell, whether or not mortgage rates will fall substantially next year, when refinancing will finally start to rise again, and if foreclosure risk is even a relevant worry in today’s rock-solid economy. In This Episode We Cover: Latest homeowner equity numbers that put owners and sellers in an even better position The most and least home-equity-rich housing markets in America Foreclosure risk and how “negative equity” completely flipped since the Great Recession The rise of “accidental investors” who are keeping more housing supply to themselves Molly’s strong mortgage rate prediction and where she thinks rates will be by the end of this year Whether or not equity could explode once again as buyers get back into the market And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram Kathy's BiggerPockets Profile Kathy's Instagram Home Equity: What It Is, How To Calculate, & How To Use It Nearly Half of U.S. Mortgaged Homes Are Considered ‘Equity-Rich’ According to Report CoreLogic’s Latest “Homeowner Equity Insights” Report Connect with Molly: Molly's LinkedIn CoreLogic Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-176 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

The housing market has two big problems: home prices and a lack of supply. With so few homes on the market, buyers have barely anything to choose from, and sellers remain in control. But how did we get to this point? Back in 2008, there were too many homes on the market, and we all know what happened to home prices. So how did we go from being oversupplied to undersupplied by MILLIONS of housing units so quickly? The answer is pretty simple. Mark Zandi, Chief Economist at Moody’s Analytics, joins us again to give his take on the 2024 economy, the housing market, home prices, and our massive underbuilding problem. The last time Mark was on the show, he explained the “slowcession” that could have taken place in 2023. Instead, a roaring economy took off with low unemployment, high consumer spending, and real wealth increases for many Americans. But, as we head into 2024, there are still a couple of BIG problems: little-to-no housing supply and a polarizing presidential election of epic proportions. Both of these will have big impacts on the economy, and if you want to know what could be coming next, don’t miss this episode! In This Episode We Cover: The “rip-roaring” labor market and why unemployment has stayed so low Why middle and high-income households are thriving while low-income households are struggling even more The Fed’s recent rate pause and whether it was the right move for them to make The 2024 election and the huge effects it could have on the economy Our lopsided housing supply and why we’ve been building the wrong real estate for too long Marks’ 2024 home price predictions and why weak/flat pricing could be in our future And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram Hear Our Last Episode with Mark on the US Bank Failures Home Building is Exploding, But Will it Solve Our Inventory Crisis? Connect with Mark: Economic View Mark's X/Twitter Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-175 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

With doomsday headlines and lagging consumer confidence, how should you proceed in 2024? Time to get the advice of TWO senior economists! BiggerPockets’ Dave Meyer talks with ZILLOW’s Orphe Divounguy and REDFIN’s Chen Zhao to demystify the latest US economic indicators and provide you with strategies to thrive in this year’s housing market.  We’ll get into home prices, the incoming “affordability correction,” mortgage rate forecasts, and why next year could be significantly better for buyers. But that’s not all. Both Chen and Orphe share their outlook for the 2024 economy, the state of the American consumer, and what could happen as student loans kick back in, credit card delinquencies increase, and cash reserves run dry. Finally, we’ll end things with Chen and Orphe’s list of real estate markets to watch and the pricey areas that may see a revitalized post-pandemic boom. If you want to know what to expect, where to invest, and if the hot housing market will return in 2024, stick around! In This Episode We Cover: Redfin and Zillow’s 2024 housing market predictions  The “weakening” American consumer and what this means for homebuying 2024 mortgage rates, “disinflation,” and where we could end up next December The “affordability correction” that could help home buyers get their first house Riskiest real estate markets in America that could see HUGE price cuts Affordable markets to watch that have had rock-solid home prices And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram Hear Past “On the Market” Episodes with Chen and Orphe: On The Market 151 with Chen On The Market 150 Orphe (Ep. 1) On The Market Orphe (Ep. 2) 2024 Housing Market Predictions: Home Prices, Interest Rates, & Opportunities Connect with Orphe: Orphe's LinkedIn Orphe's Research Tune into “Everyday Economics” with Orphe Connect with Chen: Economists Corner Chen’s LinkedIn Chen's Research Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-174 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

What makes a good real estate market? A stable or growing population, large employers nearby, tourism, and, as a bonus, college-educated residents. Put those all together, and you’ve just stumbled upon your next great real estate investing area: college football towns! After digging into the data, the On the Market panel discovered that many top college football markets aren’t just great for partying and tailgating; they’re also undeniably promising property markets! On today’s episode, Dave, Henry, James, and Kathy will uncover four of the BEST college football markets in the nation and share which ones they personally would invest in. Looking for cash flow? We’ve got a couple of markets. What about long-term appreciation? We have those, too! We even have one STRONG college football market that has seen prices drop off over the past two years, with HUGE potential for rising prices in the near future.  If you’ve been waiting to buy your first or next rental property but don’t know where to invest and which metrics to watch, this is THE episode to listen to. The On the Market panel will explain exactly how they analyze each market, which ones make sense for which investor, and why you’ll want to score a deal in these cities before it’s too late!  In This Episode We Cover: The four best real estate markets for cash flow, appreciation, and football  One expensive market with amazing house flipping profits and NO income tax  The boomtown market that's seeing BIG price drops but has massive appreciation potential  Two cash flow real estate markets with low home prices and strong populations  The metrics expert investors look at before they invest in ANY real estate market  And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram Henry's BiggerPockets Profile Henry's Instagram James' BiggerPockets Profile James' Instagram Kathy's BiggerPockets Profile Kathy's Instagram Investing in College Rental Property — Step-by-Step The 8 Best Housing Markets in The US For Low Prices and High Cash Flow Austin Price Decline Forecast Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-173 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

Americans have been waiting for a recession to kick in for the past year. With consumer sentiment down and debt piling up, it’s understandable why so many feel like the worst is yet to come. But what if the “hard landing” everyone was so afraid of already happened without us even noticing it? Could a “rolling recession” be why the economy never crashed at once? We’ve got Liz Ann Sonders, Charles Schwab’s Chief Investment Strategist, on the show to explain. In a new report, Liz Ann touches on the one industry that could get hit hardest in 2024, what will happen if the labor market starts to break, and why we aren’t out of the woods yet for another recession. In today’s show, she’ll detail her findings and explain why SO many Americans feel now is an economically dangerous time, even while hard data points to confident consumers. We’ll get Liz Ann’s take on the Fed rate cuts and whether or not they’ll even happen as the Fed eagerly awaits mortgage rate hike effects to finally kick in. Plus, recession indicators to watch in 2024 and why the bond markets could be pointing to something that no one else has been able to see.  In This Episode We Cover: The “rolling recession” and why a “hard landing” may have already hit One industry that could get hit HARD in 2024 if the labor market starts to weaken  Why we haven’t felt the full effect of the Fed’s rate hikes yet  Fed rate cut predictions and how long the Fed could continue to hold high rates  Recession indicators and what the bond market tells you that no one else is talking about And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram Why 2023’s “Rolling Recession” is Almost Impossible to Predict BiggerNews: Soft Landing or Hard Recession? How to Build Wealth in Both U.S. Outlook: One Thing Leads to Another Connect with Liz: Liz's Insights Liz's LinkedIn Liz's X/Twitter   Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-172 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

Where are the BEST places to live in the US? Well, U.S. News & World Report just released their annual list to show which cities are worth picking up and moving to. Some of these cities are investor favorites, while others are rarely discussed within the real estate investing community. If these cities truly are some of the best places to live in the country, wouldn’t having property in such desirable markets lead to big investing profits? Henry, James, and Kathy go over the top cities on the list, talking about which are worth investing in, which aren’t, cash flow vs. appreciation potential, and where they’d comfortably park their dollars in properties. And even though Dave is away on his honeymoon, we’re still bringing you LOTS of data, statistics, and trends to watch so YOU can get in on some of the top cities before investing masses know about them. And, as always, thanks for joining us on On the Market. Our entire team wishes you the happiest of holiday seasons. Here’s to more deals, data, and passive income in 2024! In This Episode We Cover: The best places to live in the US and whether we’d invest in any of them Why this low-cost, solid rental property market took the #1 spot this year The south’s repeat winners that have strong employment and promising demographic trends The one pricey mountain city that is worth investing in IF you can afford it Metrics we look at before we’d invest in ANY real estate market And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram Henry's BiggerPockets Profile Henry's Instagram James' BiggerPockets Profile James' Instagram Kathy's BiggerPockets Profile Kathy's Instagram Best Places to Live in the U.S. in 2023-2024 Top 10 Real Estate Markets for Cash Flow in 2023 The Top 10 Housing Markets Forecasted For Strong Demand This Decade Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-171 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

A “reset” could be coming to the housing market in 2024. As mortgage rates fall, inventory rises, and consumer wealth begins to grow, more and more renters are in the position to buy. An economic “trifecta” could form that brings us back into a hot housing market, but will it be anything like 2021 and 2022? We’ve got Orphe Divounguy, Senior Economist at Zillow, back on the show to give Zillow’s 2024 housing market predictions and share where he’s personally looking to invest. 2023 was an impossible year for homebuying. Rates were high, inventory was non-existent, and fears of a recession made Americans have second thoughts about buying real estate. But now, it looks like the Fed will land their so-called “soft landing” as the economy continues to slow but grow at a rate we’ve been waiting for. This is good news for housing. If you want to hear what Zillow thinks could come next in 2024, what will happen to housing inventory, where Americans will move, and how a presidential election could impact the property market, this is the episode to watch. Be sure to subscribe to On the Market, as Orphe will be back to discuss even more housing market predictions with Redfin’s Chen Zhao.  In This Episode We Cover: Why the housing market could have a “big reset” in store for 2024  The economic “trifecta” that could put Americans in the perfect position to buy homes Improving housing inventory and the BIG jumps made towards the end of 2023 2024 headwinds to watch out for and how a presidential election could freeze investing Affordable markets that Americans are planning to move to in 2024 Where Orphe is looking to buy his next investment property (watch this market!) And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram Zillow’s Senior Economist on Why You DON’T Want Mortgage Rates to Fall 2024 Housing Market Predictions: Home Prices, Interest Rates, & Opportunities Zillow’s 2024 Housing Market Predictions Connect with Orphe: Orphe's LinkedIn Orphe's Research   Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-170 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

For years, we’ve been hearing about how the single-family rental market is being bought up by hedge funds, iBuyers, and institutional investors. For the average investor, it seems like the corporate landlords are getting an unfair advantage—they have better data, better financing, full-time staff, and deep pockets to buy whatever and wherever they want. But a new single-family rental survey shows that the big players aren’t the ones controlling the market—it’s the little guys. To walk us through this massive, single-family rental survey, is Rick Palacios Jr., Director of Research at John Burns Research and Consulting. Rick’s team accomplished the seemingly impossible task of measuring activity for 270,000 single-family rental homes to see how landlords are faring in 2023 and what their plans are for 2024. And while this survey focuses on REITs (real estate investment trusts), private groups, and other larger-type buyers, it provides invaluable insights for the small-time landlord. Rick will walk us through rent growth (and decline) from the past year, where he believes rents will be in 2024, whether or not expenses could continue to rise, how high mortgage rates are affecting buyers, and why institutional investors are struggling in this market while mom-and-pops are buying! In This Episode We Cover: What the largest single-family rental survey says about the 2024 housing market Rent “normalization” and why those who aggressively projected rising rents will get hit hard Rising expenses, insurance costs, and whether or not it could get even worse  Why institutional investors pulled out of the market while small-time investors thrived How long the “lock-in effect” could last as high mortgage rates become the new norm Whether or not the multifamily rent crisis could spill over into the single-family market And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram James' BiggerPockets Profile James' Instagram On The Market Podcast 31: Wall Street: Huge Threat or Harmless Hedge Funds? On The Market Podcast 110: Bullish Homebuilders, Affordable Housing, and Why Home Prices WON’T Move John Burns Research and Consulting Single-Family Rental Survey John Burns Research and Consulting Company LinkedIn John Burns Research and Consulting Newsletter John Burns Research and Consulting X/Twitter John Burns Research and Consulting Website Connect with Rick: Rick's LinkedIn Rick's X/Twitter   Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-169 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

A recession isn’t off the table for 2024, so you’ll need to know how to prepare for a recession and profit if the economy starts to slide. If your real estate values fall, your tenants stop paying rent, or you lose your job, how will you ensure you keep your properties? Those who can survive the bad times often thrive in the good—so what should you do to prepare? Today, our expert panel gives four suggestions ANY investor can take to make it through a recession unscathed. All of these suggestions are being put into practice NOW by our panel of experts. They’re not complicated, and acting on even a few of them could save you tens of thousands (or an entire property) if and when a recession finally does hit. From cutting costs to keeping cash on hand, investing differently, and building a "backup" for buying properties, these tactics will enable you to scoop up the deals that inexperienced investors couldn’t hold onto! In This Episode We Cover: How to prepare for a recession (and profit!) in 2024  Emergency reserves and how much you should have in the bank NOW Quick ways to cut costs so your business can easily survive downturns Accessing “backup” debt that’ll help you close on deals as banks tighten up credit Looking outside of real estate for returns and how the experts are diversifying  Why you MUST keep some “liquid” assets on you during a recession  And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram Henry's BiggerPockets Profile Henry's Instagram James' BiggerPockets Profile James' Instagram Kathy's BiggerPockets Profile Kathy's Instagram How to Prepare for a Recession (and Profit!) in 2022 Soft Landing or Hard Recession? How to Build Wealth in Both Books Mentioned in the Show Recession-Proof Real Estate Investing by J Scott Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-168 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

If you want to invest in real estate in 2024, you need to prepare. This year could be a grand slam for those who know how to take advantage, but for everyone else sitting on the sidelines, don’t expect your wealth to grow. Expert investors, like the On the Market panel, are getting more aggressive than ever before as so many real estate investors give up on buying deals due to high mortgage rates, tight inventory, and a shaky economy. So, how do you get ahead of the masses? In today’s show, we’ll share expert tactics ANYONE can use to invest in real estate in 2024. Some of these tactics come from our panel, but many can be found in Dave’s newest 2024 State of Real Estate Investing Report. This report includes even more data, tactics, strategies, and research you won’t hear on today’s show. And it’s completely free (head to BiggerPockets.com/Report24 or click here to download it!) We’ve got tactics for flippers, traditional landlords, passive investors, and those still searching for cash flow in this high-rate world. Wherever you’re at in the investing cycle, whether you’re a beginner or a real estate veteran, these tactics could help you build wealth no matter what happens to the economy.  In This Episode We Cover: Expert tactics from the 2024 State of Real Estate Investing Report Affordability trends and the properties that’ll attract the most renters  Buying new vs. existing homes and which has better profit potential  Value-add risks and why those willing to take them could make serious profits  The passive investing strategy top investors are using to make mailbox money  How to make your current portfolio even more profitable WITHOUT buying more properties  And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram Henry's BiggerPockets Profile Henry's Instagram James' BiggerPockets Profile James' Instagram Kathy's BiggerPockets Profile Kathy's Instagram 2024 Housing Market Predictions: Home Prices, Interest Rates, & Opportunities “We’re Going to See a LOT of Deals” in 2024, Says Top Multifamily Lender Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-167 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

Mortgage rates continue to fall as home buyer demand rises across the nation. We may be back to the times of bidding wars, “rapid appreciation,” and houses going under contract in days. But, most Americans are still sitting on the sidelines, thinking that real estate prices are too expensive to get in. Could this be a huge wealth-building mistake, and will we look back on 2023 prices as times when real estate was “cheap”? We’re back with another correspondents show as Henry, James, and Kathy bring the latest housing market headlines. “But, where’s Dave?” you ask. He’s eating some pad thai, snorkeling, and probably still looking at Fed data, even on his honeymoon. But don’t worry, he’ll be back soon! This time, we’re talking about the HUGE multifamily update that makes buying a multifamily rental property easier than ever before. If you want to get into real estate or try your first house hack, this is THE news you’ve been waiting for. Next, the most middle-class-friendly cities that you’ve probably never thought of. Then, the short-term rental “tenant from hell” who lived in a home for a year and a half rent-free, and what happened to the landlord as a result. And finally, some good news for buyers, as we discuss the slowly dropping rates and the massive opportunity they could bring. In This Episode We Cover: The new five percent down multifamily loan ANYONE can use to start investing Cities with the best middle-class life and six-figure paychecks for the taking The “tenant from hell” who cost a landlord over two hundred thousand dollars! Mortgage rate relief and why mortgage demand continues to JUMP Why “rapid appreciation” could be incoming as affordability increases with lower rates And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram Henry's BiggerPockets Profile Henry's Instagram James' BiggerPockets Profile James' Instagram Kathy's BiggerPockets Profile Kathy's Instagram Stories from Today’s Show: Best Middle-Class Cities Tenant from Hell Mortgage Demand Mortgage Rates Fell Last Week as a Recession Looms—Have We Turned a Corner? Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-166 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

LLC owners and anyone who owns real estate: TUNE INTO THIS EPISODE! Today, we’re talking to Brandon Hall, CPA, about an urgent change affecting EVERY LLC in America. Not knowing about this change could cost you up to $10,000 in fines, but don’t worry; Brandon will tell you precisely what you have to do to avoid the fine entirely! Even if you don’t have an LLC, we’ve still got some 2024 tax tips to help you pay WAY less to the IRS this coming tax season. Brandon will review the new interest rate updates from the IRS and explain why you could owe much more than your taxes when you file. We’ll discuss the gradual decline of bonus depreciation and whether performing a cost segregation study in 2024 makes sense. Lastly, we’ll touch on opportunity zones and what to do if you have a large gain you DON’T want to pay taxes on. Plus, an instant red flag when looking for a CPA! In This Episode We Cover: The one thing EVERY LLC owner must do to avoid a $10,000 fine Bonus depreciation’s decline and how much you can write off in 2024 Cost segregation explained and whether or not this HUGE tax benefit is worth the effort anymore Opportunity zone investing and turning a significant profit into tax-free investing  The IRS’s new interest rates and penalties that could cost you thousands  Where to find a CPA and one big red flag when searching for one And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram Hear Our Last Episode with Branon on “The Biggest Real Estate Tax Loophole” Connect with Brandon: Brandon's BiggerPockets Profile Brandon's Website   Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-165 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

It finally happened. Inflation fell, mortgage rates dropped, GDP grew, and an unexpected jobs report was released. Is this the best news we’ve heard all year for the economy and the housing market? It sure sounds like it! We’re taking this episode to soak in all the good news from the past few weeks and point to an economic “sweet spot” that could make for PERFECT real estate investing conditions. There’s been a LOT of good news to share recently, and we’re doing our best to give you the economic update you need! First, we’ll touch on updated core inflation numbers and why the stock market rallied and mortgage rates fell due to the announcement. Then, we naturally get into the Fed’s recent rate pause and why this might signify a strong housing market in 2024. But that’s not all the good news. A new jobs report points to a shift in the right direction, one that not many people expected. Finally, we’ll give you a housing market update, from new home sales to days on market, homeowner equity, and all the signs pointing to a “sweet spot” for investing. In This Episode We Cover Bond, Inflation, and GDP rate updates and why investors are getting bullish on 2024 The investing “sweet spot” real estate investors MUST keep an eye out for The Fed’s recent rate pause and what they’re telling Americans by holding steady  New employment numbers that could make hiring even easier for employers  A healthier housing market and the strong signs of a return to normalcy  And So Much More! Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-164 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

Our 2024 housing market predictions are here. Will interest rates finally fall? Will home prices continue to stay strong even with weak demand? And will we EVER “technically” enter into a recession? We’ve got the full On the Market panel here to give their forecasts on everything that could happen in 2024, plus where the biggest buying opportunities could be. But first, we’ll painfully review our incorrect housing market predictions from 2023 and one BIG guess that we all got wrong. But we’re not the only ones! Both Zillow and Redfin had some predictions that didn’t age too well. From there, we’ll get into 2024 housing price predictions and whether or not we expect to see home prices FINALLY decline after a standstill year. Then, what everyone’s been waiting for—mortgage and interest rates predictions. If these start to fall, you can assume that home prices will rise, a buying frenzy will ensue, and the bidding wars will begin (again). With the potential for a recession at some point in 2024, lower mortgage rates may result from an even worse economic event. So, what IS going to happen? Stick around for our predictions! In This Episode We Cover: Our 2024 housing market, interest rate, and home price predictions What could cause mortgage rates to fall in the latter half of 2024 Recession probability and why Americans are spending more than ever before What we got WRONG in our 2023 predictions (nobody’s perfect) Best real estate investing markets in 2024 and why “unsexy” cities could win The HUGE opportunity for cash buyers as banks seek to offload properties And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram Kathy's BiggerPockets Profile Kathy's Instagram Henry's BiggerPockets Profile Henry's Instagram James' BiggerPockets Profile James' Instagram Hear Our 2023 Housing Market Predictions Where America’s Most Accurate Forecaster Sees Home Prices in 2024 Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-163 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

Happy Thanksgiving! This Turkey Day, we're giving you an encore of our 2023 housing market predictions episode. Hear what we got right and what we (definitely) got wrong, and tune in next week for our 2024 predictions!  ______ The 2023 housing market predictions are here. We heard you in the forums, the comments, and all over social media. We know you want Dave, the data man, to give you his take on what will happen over the next year. Will housing prices fall even more? Could interest rates hit double digits? And will our expert guests ever stop buying real estate? All of this, and more, will be answered in this week’s episode of On The Market. Unfortunately, Dave threw his crystal ball in with his laundry this week, so he’s relying solely on data to give any housing market forecasts. He and our expert guests will be diving deep into topics like interest rates, inflation, cap rates, and even nuclear war. We’ll touch on anything and everything that could affect the housing market so you can build wealth from a better position. We’ll also discuss the “graveyard of investment properties” and how one asset class, in particular, is about to be hit hard. With so much affecting the overall economy and the housing market, it can be challenging to pin down exactly what will and won’t affect real estate. That’s why staying up to date on data like this can keep you level-headed while other retail homebuyers run for the hills, scared of every new update from the Fed. Worry not; this episode is packed with some good signs for investors but also a few worrisome figures you’ll need to pay attention to. In This Episode We Cover The most important variables that could impact 2023’s housing market  Which asset class will be hit hardest by price cuts and where investors can find deals Inflation, bond rates, and how the federal funds rate could impact homebuying Housing price predictions for 2023 and how far home prices could slide The seller’s vs. buyer’s market and how brand new investors can take advantage Whether or not cap rates will start to increase even as inflation pushes rents higher And So Much More! Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-162 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

With interest rates at the highest point in decades, multifamily and commercial real estate purchases have dropped by more than 50%. Cash flow looks almost nonexistent, but good deals could be right around the corner as inexperienced operators are forced to give up their properties or pay MASSIVE amounts of money to the bank. What can you expect as the 2024 housing market rolls around? Stay tuned; we’ll give you all the info! Alison Williams, SVP & Chief Production Officer at Walker & Dunlop, joins us to discuss “small balance lending” and where MANY multifamily investors get their money. Alison is able to tell you point-blank what a lender needs to see to lend on your deal, how much money you should be prepared to come to the table with, and what could happen as the bridge loan bomb begins to go off. Alison also believes we’ll see “a LOT of deals” in the coming months/years as operators are forced to refinance, foreclose, or sell. This presents a massive opportunity for new investors who have been starved of deals and are looking to pick up another property without paying 2021 or 2022’s high prices!  In This Episode We Cover The bridge loan bomb that could blow up many investors’ deals  Why multifamily and commercial real estate purchases have fallen off a cliff Default rates, foreclosures, and whether Alison expects them to go up  Deals coming down the road and why investors with cash on hand could be in for serious discounts  What a “good” deal looks like in 2023/2024 and what you NEED to get funding  Alison’s biggest pieces of advice for investors and why many could be in for a “shock” And So Much More! Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-161 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

WeWork goes bankrupt, buying a house is deemed a "bad" idea, and Zillow stock has a fire sale thanks to the recent NAR lawsuit verdict. In other words, it's just another day in the 2023 housing market. Didn't have time to catch up on the news? Don't worry; we'll get you up to speed on everything happening in the world of real estate and how YOU can take advantage of this rocky market. First, we'll talk about how the NAR lawsuit verdict sent ripples throughout the economy, sending real estate-related stock prices way down for companies like Zillow, Compass, and Redfin. This verdict could mean a devastating blow to brokerages across the country, so what will the future of buying and selling be like? Next, we discuss commercial real estate's continuous slog and why top commercial executives expect an even SLOWER 2024. But there is some good news for buyers… And if you love little offices and coworking spaces, we're sorry because WeWork filed bankruptcy earlier this month as the office space gets battered. Finally, we'll finish with a recent headline about how HALF of America thinks now is a BAD time to buy real estate. Are they wrong? Are they bad at math? Should you still be buying? We'll answer all that and more on this episode! In This Episode We Cover: The NAR lawsuit's ripple effects that will affect the entire real estate industry Commercial real estate's sales slump and why 2024 could bring even better deals Why WeWork Won'tWork and what their massive bankruptcy means for the office space America's ongoing housing market pessimism and why buying with high mortgage rates ISN'T such a bad idea And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram Henry's BiggerPockets Profile Henry's Instagram James' BiggerPockets Profile James' Instagram Kathy's BiggerPockets Profile Kathy's Instagram NAR Slapped with $1.8B Lawsuit Payout, Ripple Effects Could Be “Enormous” Stories Mentioned in Today’s Show: Zillow Commercial Real Estate WeWork Home Buying Sentiment Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-160 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

The US economy is on the brink of a recession, but consumers don’t seem to care. Consumer spending is up, credit card debt is through the roof, and the average American’s excess savings have been depleted. Could this financial rager we’re throwing end in chaos for the US economy? Or are these frightening metrics pointing to something else entirely? Today, Dave will get into the nitty-gritty details of the US consumer. After some serious pandemic stimulus, Americans were riding high, buying whatever they could with their stocked-up savings. But now, economic sentiment among Americans is starting to fall, and many believe a recession could be around the corner. With consumer spending making up the majority of economic activity in the US, if it starts to fall, our economy could go down with it. Dave will give you the numbers and updates you need to know EXACTLY what’s going on with the US consumer, whether or not rising debt and spending really matters, and the factors that could force spending to fall. In This Episode We Cover: Why consumer spending is exploding at a time when recession risk is high Declining consumer sentiment and why Americans are fearful of the future  All-time high credit card debt and whether or not delinquencies are rising with it When Americans’ “pandemic savings” will run out  Resuming student loan payments and how they could hurt the average consumer And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram Here’s What the U.S. Consumer Tells Us About the State of the Economy 4 Economic Triggers That Could Send Us Into a Recession Recession Risk Rises as U.S. Consumer Spending EXPLODES Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-159 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

Today, we’re sharing the five best vacation rental markets that’ll make you more money than anywhere else in the US. The best news? More than half of the markets on this list have vacation homes either under or around the median home price of the US, so you don’t need to splurge to buy your perfect beach-side short-term rental. What are the markets, and why have you probably never heard of them? Tune in; we’ll give you the top five markets AND where to find the full twenty-five market list! But before we take any credit, this list comes from our friends at Vacasa, and their own Daned Kirkham is on the show to walk us through it. Daned and his team go through tens of thousands of data points, from average nightly revenue to insurance costs, expenses, improvements, average home prices, and more, to come up with a definitive list of vacation rental markets that’ll give you the best bang for your buck. This list even has markets where you can find cap rates OVER ten percent (yes, in 2023), so if you’re starving for some short-term rental cash flow, THESE are the markets you can’t afford to overlook. In This Episode We Cover: 2023’s five best short-term rental markets in the United States Why young real estate investors are forgoing primary residences and buying vacation rentals instead Cap rates explained and the methodology behind ranking these top tourist cities The tiny beach town that has an explosive population of tourists  The ten percent cap rate lake city with affordable vacation home prices And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram Facing Strict Short-Term Rules, Airbnb Shifts to a New Type of “Host” w/Airbnb’s Jesse Stein How to Buy a Vacation Rental Property Check Out the Vacasa Lists: Top 25 Best Places to Buy a Vacation Home Best places to buy a beach house 2023 8 best mountain biking towns Connect with Daned: Vacasa Daned's LinkedIn   Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-158 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

The NAR lawsuit just ended in a way almost no one expected. The NAR (National Association of Realtors), America’s largest association of real estate brokers, agents, appraisers, and more, just got dealt a blow that there may be no recovering from. This lawsuit, which focused on agent commission splits, ended in a $1.8B blow to NAR, and this could be just the beginning of a slew of lawsuits like this. To explain all the messy details, we brought Business Insider reporter James Rodriguez back on the show to explain this massive lawsuit, the verdict, and what this means for the entire real estate industry. This major lawsuit alone could bring sweeping changes to how agents buy and sell real estate and how they’re paid. Even more ground-breaking, the future of buyer’s agents now seems murky at best and non-existent at worst, as these commission structures may make buyer’s agents’ jobs almost obsolete. If you’re an agent, investor, buyer, seller, or broker, the effects of this lawsuit CANNOT be ignored because if the dominos continue to fall, we could wake up to an entirely new real estate landscape.  In This Episode We Cover: The NAR’s real estate agent commission lawsuit explained  The $1.8B verdict and why this could swell up to over $5B in losses for the defendants Why NAR and Keller Williams, two massive companies, weren’t able to win this case The future for real estate agents and how this could crush their commissions “Enormous” ripple effects that could come as a result of this lawsuit Why NAR’s CEO decided to jump ship after the verdict was announced And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram Hear Our Last Episode with James on This Lawsuit The multibillion-dollar lawsuits that could radically reshape how we buy and sell homes forever Connect with James: James’ Profile – Insider James’ Twitter Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-157 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

Airbnb is looking for a new type of host: renters. With housing costs rising nationwide, homeowners have almost always been able to rent out their properties to make an extra buck. But, until now, renters haven’t had the same opportunity. And, as mortgage rates rise and rents stay high, many renters are biding their time, hoping to save up enough so that when rates drop, they can snag the home they’ve been dreaming of. Airbnb is trying to make this easier. Jesse Stein, Global Head of Real Estate at Airbnb, is no stranger to the world of hospitality. His background with hotels made him the perfect candidate to join Airbnb. Jesse comes on the show to talk about the short-term rental industry, where it’s heading, whether or not it’s growing, and a new type of “host” that Airbnb is trying to help create.  Jesse’s team at Airbnb has partnered with some of the largest apartment communities in the country to offer renters a deal that’s almost too good to pass up: the ability to rent their place while they’re away. Now, high-cash flow house hacking isn’t just reserved for homeowners, and a move like this could help with the wallet-crushing affordability issues we’ve talked about so many times on the show. In This Episode We Cover: Short-term rental market trends and why consumers are still spending so much on travel Growing regulations and Airbnb’s response to cities cracking down on short-term subletting The new “Airbnb?friendly apartments” that allow renters to house hack like never before Renting vs. buying a home in 2023 and the savvier of the two choices The rise of medium-term stays and why more renters are using Airbnb for longer trips  And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram James' BiggerPockets Profile James' Instagram How To Start An Airbnb In 6 Easy Steps House Hacking 101: What It Is and How to Get Started Start Hosting on Airbnb Today Read the Airbnb Q3 Earnings Call Transcript Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-156 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

We’re about to show you the eight best housing markets you’ve never heard of before. If you want boring, unsexy markets that give you mailbox money every month, have growing populations, cheap homes, and strong economies, bring your notepad because you probably haven’t thought of any of these markets before. We sent our On the Market researchers on a quest to find the country’s most boring, underrated, yet promising rental property markets—and we’re sharing the list with you today. From college football towns to underrated beach cities and strong manufacturing centers, almost all these cities have cash-flowing real estate where you can find steals and deals easier than already-tapped markets like Miami, D.C., or Denver. Some of these markets are on the smaller side. Still, with housing affordability tanking, these cheaper states could see a massive influx in population as coastal workers seek financially stable inland cities. So, if you’ve been saving up to buy your next deal but can’t find anything worth investing in around your area, check out ANY of these eight markets because if you don’t buy in them, we will (and Henry already has)! In This Episode We Cover: Eight boring, stable, cash-flowing real estate markets you can invest in NOW The East Coast beach city with MASSIVE population growth and cheap home prices The college football towns where you can make a killing on student housing Staying away from single-industry markets and what happens when employment starts to fall The state pushing for zero percent state tax that could see a significant population boost The growing city where Henry is gobbling up rental properties as fast as he can And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram Henry's BiggerPockets Profile Henry's Instagram James' BiggerPockets Profile James' Instagram Kathy's BiggerPockets Profile Kathy's Instagram Get on The Waitlist for BPCon 2024 in Cancún! The 4 Most Affordable, High Cash Flow Real Estate Markets of 2023 These Are The Top 20 Up-And-Coming Real Estate Markets Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-155 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

We messed up. Our real estate investing mistakes in 2023 totaled up to hundreds of thousands of dollars, and although On the Market is THE show where expert real estate investors come together, today is proof that we all make mistakes. From forgotten tax bills to landscaping debacles that cost six figures in interest, letting your property manager run your short-term rental into the ground, and forgetting about a house you own—these mistakes are rough.  If you feel like you made severe investing mistakes in 2023, worry not, because on this episode, our expert guests will talk through some of their most painful real estate losses of the past year as entertainment for you to enjoy! Ever forgot that you owned a house that had interest accruing on it? Thought that deal you lost money on was over? Didn’t pull a permit, and now you’re stuck paying six-figure holding costs over some shrubs? You probably haven’t made these mistakes, but our guests have! Stick around to hear exactly what you SHOULDN’T do in 2024 (and beyond) and how you can turn a terrible situation into a profitable deal…or at least a lesson you don’t repeat.  In This Episode We Cover: Why you should NEVER wait to pull permits on a flip and how it could cost you six figures The massive “loan forgiveness tax” you could be forced to pay if your deal goes south Forgetting about a flip and the downside to scaling your portfolio too fast Whether or not you missed the best buying opportunity of the past year  Hire slow, fire fast, and signs it’s time to relieve your property manager of their duties  Why you’ll want to become Henry Washington’s next private money lender  And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram Henry's BiggerPockets Profile Henry's Instagram James' BiggerPockets Profile James' Instagram Kathy's BiggerPockets Profile Kathy's Instagram 3 Investing Mistakes You Don’t Want To Make In 2023 14 Mistakes New Investors Make Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-154 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

Another housing market “frenzy” is much more likely than many of us thought. With the traditionally slow fall/winter season upon us and housing inventory gradually inching up, home buyers could get a much-deserved break. But this won’t last for long. The long-term outlook on the housing market isn’t looking good for buyers, and many Americans will be forced to rent as a result. So, what could cause the next home buying “frenzy”? We’ve got Clayton Collins, HousingWire CEO, on the show to give his take. HousingWire has been acquiring data and research companies as fast as possible, trying to build the most perfect picture of the housing market available. And right now, it looks great for sellers but not buyers. With inventory still in the gutter and mortgage rates at a twenty-year high, homeowners will only consider selling once rates have dropped. But won’t lower rates flood the market with eager home buyers all over again? We’ll get Clayton’s opinion on what could fix the inventory shortage, when mortgage rates could drop, real estate markets with the best chances of price cuts, and what to watch out for in 2024. In This Episode We Cover: America’s underbuilding problem and how this could create an inventory shortage that lasts decades Whether or not rising housing inventory is a sign of a coming crash  The real estate markets most likely to see price cuts in the coming months/years What has caused mortgage rates to stay so high for so long (and what will happen when they fall) The housing market “frenzy” that could restart once THIS happens Multifamily mayhem and big problems in today’s rental market And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram Hear Our Interview with Altos Research’s Mike Simonsen HousingWire’s Logan Mohtashami on What Will Cause Mortgage Rates to Finally Fall HousingWire: Home prices are likely to fall in these markets Tune into “Housing News” with Clayton Get Up-to-Date Real Estate Insights from HousingWire Connect with Clayton: Clayton's Twitter Clayton's Email Clayton's LinkedIn Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-153 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

Mortgage demand has fallen off a cliff, according to ICE’s recent Mortgage Monitor Report. With affordability hitting new lows and mortgage rates still rising, home buyers have simply given up on buying a house any time soon. Mortgage applications are now forty-five percent below pre-pandemic levels, and something BIG will have to change for buyers to jump back into the market—are lower home prices the answer? To explain the Mortgage Monitor Report’s most recent findings, we brought on ICE’s Andy Walden. Andy has the most recent home buyer, mortgage rate, foreclosure, and delinquency data to share. We’ll talk about the buying power that’s been wiped out of the market, why mortgage applications fell off a cliff, rising unaffordability and whether or not it’ll force foreclosures, and the real estate markets with the most potential for home price growth. Andy even gives his 2024 housing market forecast with some eerie warnings about what could happen to home prices as we reach an “inflection point” in the market and enter the traditionally slower winter season.   In This Episode We Cover: Why mortgage originations are falling faster than ever before (and what this means for home prices) Andy’s Q4 housing market forecast and how to tell where prices are headed Foreclosures, delinquencies, and why “distressed sellers” aren’t flooding the market Why investors have “backed off” the housing market waiting for mortgage rates to dip Regional housing markets that could see the best (and worst) home price performance  The rising popularity of assumable mortgages and the massive downside to doing one of these deals And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram Hear Our Last Episode with Andy Read the October 2023 Mortgage Monitor Report Archive of Past Mortgage Monitor Reports Connect with Andy: Work with Andy and His Team Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-152 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

The Fed’s new “neutral interest rate” could mean pricier mortgages, less cash flow, and higher home prices for longer. After the great financial crisis, interest rates were kept in check, slowly sliding down for over a decade. But, since the pandemic, things have gone the opposite way. Mortgage rates have hit multi-decade highs, bond yields have crossed new territory, and we could be far from things returning to “normal.” If you want to know the math behind the mortgage rates and understand what the Fed does (and doesn’t) control in a high-rate world, Redfin’s Chen Zhao can break it down for you. In this episode, Chen goes through the economic indicators tied to mortgage rates, how bond yields affect banks' lending power, why the ten-year treasury is at a historic high, and the Fed’s newest “neutral interest rate.” We’ll also get into the potential effect of next year’s presidential election on mortgage rates and the housing market and what to look for to gauge where we’re headed. If you want to know where interest rates will go, Chen details the roadmap in this episode. In This Episode We Cover: The math behind mortgage rates and what causes them to rise and fall The Fed’s new “neutral interest rate” and why mortgage rates could stay where they are for a LONG time Bond spreads, how they affect mortgage rates, and why they’ve taken a massive leap Reaching economic equilibrium and how the Fed plans to keep unemployment and inflation down The 2024 presidential election and whether Democrats or Republicans could help/hurt the housing market And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram Henry's BiggerPockets Profile Henry's Instagram The Federal Reserve is Suddenly Doubling Its Forecast For Growth—But Will They Keep Hiking Rates? Mortgage Rates Reach the Highest Point in 20 Years—How Much Higher Will They Go? Connect with Chen: Economists Corner Chen's LinkedIn Research Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-151 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

Everyone wants low mortgage rates again, but getting there might be one of the most economically treacherous roads many have ever faced. The sacrifice needed to get interest rates down would be substantial and lead to severe effects throughout the economy and all of our lives. After you hear today’s interview with Senior Economist at Zillow, Orphe Divounguy, you’ll know exactly what we mean. Orphe’s team tracks anything and everything to do with the housing market. From home prices to migration, mortgage rates, new construction, and more, their finger is closer to the housing market pulse than most. But, if you want an episode where we talk about home prices coming back down and rates finally falling, this isn’t it. Orphe brings on the housing market facts and forecasts a future many of us didn't think possible just a few months ago. We’ll go over home price predictions, what could cause rates to finally fall, underrated affordable markets, recession risk, and how to get started investing in real estate during such a tough market. In This Episode We Cover: The one thing that could cause mortgage rates to fall (and the danger behind it) Zillow’s recession forecast and why US economic growth might be impossible to stop Higher home prices and how the supply lag has kept prices near all-time-highs  Rent growth and which types of real estate are already seeing a return to normal The most affordable, underrated real estate investing market that won’t last long Where Orphe is investing in real estate and his advice for getting started And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram Kathy's BiggerPockets Profile Kathy's Instagram Fannie Mae Expects a Recession as Mortgage Rates Continue to Climb Rate-Locked Homeowners Nearly Twice as Likely to Not Consider Selling Connect with Orphe: Orphe's LinkedIn Orphe's Research Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-150 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

The real estate commission lawsuit that threatened buyer’s agents’ income is coming to an end. The conclusion? There could be even more murkiness ahead, and agent commissions are far from future-proofed. This settlement could either have been a cash grab from the get-go or a way to end the “unfair” buyer-seller agent commission split. So, how will this affect buyers and sellers today, and will these lawsuits make a difference on your next home sale or purchase? We’ve got the hard-hitting housing market headlines you need to hear about on this episode of On the Market. First, we’ll talk about RE/MAX’s settlement and the future for buyer’s agents. Then, we’ll uncover why exactly housing starts have started (no pun intended) to freeze and why apartment investors could be begging you to take land off their hands. And, if you’ve ever wanted your home to pay you money every month, the new “passive home” development has just what you’re looking for. But with a high initial purchase price, are the savings/profits worth the cost? Finally, if you thought you were smart for house hacking, prepare for an ego-blow because Dave Ramsey wants YOU to know that subsidizing your mortgage is a move for LOSERS. Sell that investment property, buy your house in cash, and prepare some beans and rice for dinner! All that and more on this episode! In This Episode We Cover: The RE/MAX agent lawsuit settlement and what this means for real estate agent commissions  Too many agents, not enough housing, and why “change” is coming to the industry  Home construction numbers and why housing starts dropped to their lowest level in years The “passive home” with such massive energy savings that utility companies will pay you to live Dave Ramsey’s house hacking rant and why his investing advice doesn’t quite hit the mark And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram Henry's BiggerPockets Profile Henry's Instagram James' BiggerPockets Profile James' Instagram Kathy's BiggerPockets Profile Kathy's Instagram New Agent Lawsuits Could Have Profound Effects for Buying and Selling Homes RE/MAX Settlement Housing Starts Passive Homes Dave Ramsey Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-149 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

The Chinese real estate crisis could mean much more for the global economy than you think. One economic giant falls, and other interconnected countries, like the United States, feel the shockwaves. As more and more bad news (or LACK of news) comes out of China, we have one question: how will our housing market, stock market, and government be affected? The Motley Fool’s Bill Mann is on to help answer. Bill works as a “treasure hunter,” searching for underpriced but financially sound stock investments for all of The Motley Fool’s subscribers. As a result, Bill’s research goes far beyond the borders of the United States. He’s constantly looking at global markets and industries to see which could be on track for a meteoric rise. In today’s episode, Bill walks us through China’s economic crisis, their “rotting” real estate, and what happens if they continue into a deflationary spiral. Then, we talk about Taiwan’s chip manufacturing monopoly and what would happen if a global conflict threatened this industry’s safety? Finally, Bill gives us a global economic forecast with his two cents on interest rates, the “economy of the future,” and the USD “wrecking ball.” In This Episode We Cover The spiraling Chinese economy and why their real estate is beginning to “rot”  Chip manufacturing and the most important technological industry you’ve never thought about Taiwan’s semiconductor monopoly and why the US is going to great lengths to protect it The USD “wrecking ball” and how a strong dollar could hurt global economies  One country that could become the “economy of the future”  An interest rate prediction and whether or not Bill thinks the Fed has any more room to hike rates  And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave’s BiggerPockets Profile Dave’s Instagram Motley Fool Money Books Mentioned in the Show Raising Private Capital by Matt Faircloth The Hands-Off Investor by Brian Burke Connect with Bill Global Partners Motley Fool Money Value Hunters Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-148 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

The multifamily real estate market went from bad to worse. Interest rates are still at record highs, cap rates have somehow stayed compressed, rent growth looks bleak at best, and sellers refuse to budge on their prices. As a result, inexperienced operators are picking up so-called “deals” to shop around to their investors—and they could be walking into a massive financial trap without even knowing it. If you want one hundred and one reasons NOT to buy multifamily right now, Brian Burke is here to help. But, if you want a counteracting force of optimism as to why you should pursue multifamily properties, Matt Faircloth can balance out this debate. These investors have owned and managed THOUSANDS of apartment units, but NEITHER of them has bought in over a year. Brian even went as far as selling most of his portfolio right before the commercial crash, a move many thought was far from wise at the time. These two time-tested multifamily experts come on today to talk about the commercial real estate crash, the “chaos” that could ensue over the next year, why inexperienced syndicators are about to bite the dust, and why multifamily investing may not be the move to make in 2023. Think this is just a bunch of scare tactics to keep you away from good deals? Tune in to be surprised. In This Episode We Cover: The multifamily market crash and why sellers are STILL asking for all-time-high prices Risky real estate debt and what you MUST know about commercial financing before you buy another property What Brian and Matt MUST see in a property before they send in an offer The “wave of foreclosures” that won’t come and deals being done in the shadows  What to do RIGHT now as the market is in shambles to make the most money in the future Cap rate compression and why these high multifamily prices can’t last And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram James' BiggerPockets Profile James' Instagram Meet Brian and Matt at BPCon! Sign Up for the BiggerPockets Multifamily Bootcamp The Multifamily “Bomb” is About to Blow, Here’s What You Need to Know Books Mentioned in the Show Raising Private Capital by Matt Faircloth The Hands-Off Investor by Brian Burke Connect with Brian Brian's BiggerPockets Profile Brian's Website Brian's Instagram Connect with Matt Matt's BiggerPockets Profile Matt's Website Matt's Instagram Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-147 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

A 2024 recession looks a lot more likely than it did just a few months ago. While many Americans were hoping for a “soft landing,” that might not be what we get as the economy hits a breaking point. With the government only temporarily saved from a shutdown, auto workers going on strike for cost of living adjustments, student loans resuming, and oil prices skyrocketing as production slows down, we may be forced to enter into a recession. On the flipside, GDP remains strong, Americans are still spending, and unemployment is historically low. While this could quickly change, it begs the question: is the American consumer stronger than high interest rates, rising prices, and the threat of an unknown future economy? We brought on the full On the Market panel to give us their take on where we’re heading and which economic threats could bring down the economy. We’ll get into the nitty-gritty of the recent UAW strike that is putting a bottleneck on transportation, the government shutdown that risks millions going unpaid, student loan resumption that could force Americans to forgo optional spending, and an exacerbated oil price increase that is hurting the everyday American (and especially Californians). In This Episode We Cover: Four economic factors that could force us into a 2024 recession  NAR’s recent scandal and why Redfin has decided to finally cut ties Student loan payment resumption and a massive cut in Americans' discretionary spending The UAW strike that could hurt traditional car manufacturers even more A looming government shutdown and the direct effects it has on the markets Increased oil prices and why your deliveries, construction projects, and renovations could cost even more  And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram James' BiggerPockets Profile James' Instagram Henry's BiggerPockets Profile Henry's Instagram Kathy's BiggerPockets Profile Kathy's Instagram Is College Worth the Cost? w/Preston Cooper Why the Fed is Steering Us Straight Towards the Next Great Recession Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-146 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

The housing market is now aggressively out of reach for first-time home buyers. Nearly sixty percent of homes for sale are unaffordable to the average American. What’s causing such a lack of affordability? High mortgage rates, meager supply, and baby boomers refusing to sell their single-family homes (seriously). These factors have created a housing market where “forced renter households” will become the norm…but not for long. According to Matthew Gardner, Chief Economist at Windermere Real Estate, there’s at least some hope on the horizon. Mathew knows the solution to this almost unfathomable unaffordability issue, and it’s much simpler than most people think. In this episode, he talks about the primary driver of high home prices, the factors causing so many Americans to rent, and why we can’t repair this market using the same housing market “incentives” that worked in the past. And, as someone who works regularly with large-scale investors, Mathew has some advice for those still trying to invest in a market where profits seem improbable. When will mortgage rates head down? How long will unaffordability last? And what’s the solution Matthew thinks will solve it all? We’ll get into all that in this episode! In This Episode We Cover: The SINGLE factor that’s causing so much unaffordability in the housing market Home price updates and a surprising statistic about homes for sale  Mortgage rate predictions and whether or not we’ll see them fall next year “Forced renter household” formation and whether America will become a renter nation Crucial advice for ANYONE who’s buying real estate in 2023 (and if you should wait) And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram James' BiggerPockets Profile James' Instagram Housing is Unaffordable, But Could It Actually Get Worse? Connect with Matthew Matthew's Facebook Matthew's Instagram Matthew's LinkedIn Matthew's Twitter/X Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-145 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

If you want to know how to make millions of dollars in real estate, skip the rental properties, renovations, and rehabs and go straight for this type of “land investing.” Our own Kathy Fettke is using this type of deal to make MILLIONS of dollars without building a single home or managing ANY tenants. This is all from one piece of land, where Kathy simply needs to put down just under five percent of the total purchase price, and in a few years, she’ll walk away with millions in profits. What type of deal is she doing, and how can you do it too?  We’re back with another deal show as we dive deep into three real estate deals that our expert guests have on their hands. First, Henry will show off a simple house flip that will net him thirteen times his money when he sells. Then, Kathy will uncover the rarely talked about but unbelievably lucrative type of land investing that can make you millions. Finally, James hits on a “dense” flip/development deal that will turn one home into many and give his team almost half a million dollars in profit! If you want to submit your deal for a future show, post it on the On the Market forums where you can get other investor takes! In This Episode We Cover: The type of land investing that can make you MILLIONS in just a few years Cosmetic flips and why now may be a low-risk time to get in the market  Why “dense” zoning can make you MUCH more money on your next investment “Deferred interest” and how to cut down on high holding costs Why the average age of a home seller in 2023 is NOT what you’d expect  And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram Henry's BiggerPockets Profile Henry's Instagram James' BiggerPockets Profile James' Instagram Kathy's BiggerPockets Profile Kathy's Instagram Share Your Deal on the “On the Market” Forum Read More Home Buyer and Housing Market Stats Dealing Dirt: Is Raw Land the Most Underrated Asset of 2023? Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-144 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

The hotel vs. Airbnb battle may have just completely flipped. Post-pandemic, it seemed as if short-term rentals were the only places worth staying when traveling. Having a house with multiple beds, a kitchen, a private yard, and parking was considered too good for hotels to compete with. But, as the world reopened, travelers got tired of cleaning up after themselves and taking out the trash, and hotels began to claw back market share. With the idea of a short-term rental “collapse” constantly being pushed throughout mainstream media, we brought on AirDNA’s Jamie Lane to give us the facts about how the hotel vs. Airbnb battle is going. Jamie walks us through some surprising statistics about short-term rental occupancy, why things are starting to change in a post-pandemic world, the real estate markets seeing the worst (and best) performance, and how hotels are faring. For those who have seen their short-term rental markets start to struggle with so much supply and not enough demand, Jamie has some insider-only tips on finding smaller markets where you can still make a decent profit and how owning an international vacation rental may be your best bet as Americans leave the road-tripping and domestic flights behind. In This Episode We Cover: The short-term rental “collapse” and why occupancy is starting to fall The markets experiencing “normalization” as domestic travel becomes less popular Must-have short-term rental amenities that can almost guarantee you bookings Hotels vs. hosts and why Airbnb is losing market share to free buffet breakfasts Short-term rental regulations and how bans will impact hosts in every real estate market And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram Henry's BiggerPockets Profile Henry's Instagram #Airbnbust: The Fall Of Short-Term Rentals Hosts vs. Hotels: Is There Still Room in The Short-Term Rental Market? Has the Short-Term Rental Goldmine Run Dry? w/Jamie Lane Access Up-to-Date Short-Term Rental Data with AirDNA Connect with Jamie: Jamie's LinkedIn Jamie's Podcast Jamie's Twitter Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-143 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

House flipping profits are off the charts, so why are so many house flippers leaving the market? Top flippers like James Dainard have seen their profits almost double, EVEN with today’s high interest rates. Wouldn’t now be the perfect time to take on more flips than ever? The experts say “no.” In fact, many of them have stepped away from flipping entirely, worried that the risk FAR outweighs the reward. To give us a more rounded view of this real estate market are Jessie Rodriguez and “I hate real estate but love money” investor Tarl Yarber. Jessie and Tarl have done HUNDREDS of flips throughout the past decade, but now, they’re doing fewer flips than ever before. With high holding costs, an uncertain economic future, and a greater risk of failure, now might not be the best time to start your flipping empire. But if you have experience, money, or time, you could make some serious returns if you are willing to take the risk. James, Jessie, and Tarl talk about what they’re looking for in today’s market, how to instantly lower your cost of labor on any flip, why so many expert flippers are leaving the business, and why you should “dollar-cost average” in real estate investing. In This Episode We Cover: The state of house flipping in 2023 and whether or not now is the time to jump in Interest rates, holding costs, and how much you can expect money to cost Why “quick flips” are FAR safer now than extensive, heavy rehab house flips Why Tarl quit flipping and the signs he’s waiting for BEFORE he gets back into the game Labor costs and how Jessie INSTANTLY cut down his rehab budget  Dollar-cost averaging in real estate and whether or not it’s a smart move for rookies And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram James' BiggerPockets Profile James' Instagram Unbelievable Returns from Flipping This New Type of Real Estate w/Jessie Rodriguez Flipping Houses: How to Get Started and Everything You Should Know Connect with Jesse: Jesse's Instagram Connect with Tarl: Tarl's BiggerPockets Profile Tarl's Instagram Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-142 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

The “Doom Loop” could cause banks, businesses, and commercial real estate to crash. With real estate valuations down, property owners begin to default, and credit tightens, causing the same cycle to repeat itself again and again, pulling banks and balance sheets down until we reach a bottom. But is this “Doom Loop” scenario just feeding the fear of a housing market crash, or are we months away from this becoming our new reality? We asked Richard Barkham, Global Chief Economist of CBRE, his take on what could cause a “Doom Loop” and what we should be prepared for. Richard’s team handles some of the planet’s most comprehensive commercial real estate data. When the masses run away in fear, Richard’s team sees opportunity, and if you listen to today’s episode, you’ll know exactly where the prices are too low to pass on. Richard gives his economic forecast for the next year, when the US could enter a recession, how high unemployment could get, and where commercial real estate prices are heading. While some commercial real estate sectors are facing dramatic price declines, others are looking surprisingly strong. But with a weaker economy and fear of a “Doom Loop” taking hold, are everyday investors safe from this potential economic catastrophe? In This Episode We Cover: he real estate “Doom Loop” explained and what could cause this chain reaction to tank asset prices The “global slowdown” and recession predictions for 2023 and 2024 The weakest and strongest sectors of commercial real estate (and which ones are underpriced) Cap rate updates and what will finally cause prices to improve again Best buying opportunities in 2023 and assets with rising rents and declining prices Unemployment, inflation, deflation, and what we can expect over the next year And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram James' BiggerPockets Profile James' Instagram The Biggest Crash Imaginable is Coming For Commercial Assets Grab CBRE’s “Midyear Global Real Estate Market Outlook 2023” Books Mentioned in the Show Real Estate by the Numbers by Dave Meyer Connect with Richard: Richard's LinkedIn Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-141 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

Mortgage rates are ravaging the real estate market, but Warren Buffett is bullish on housing. With interest rates at twenty-year highs, almost any house is unaffordable to the everyday home buyer. And, with rising insurance costs, commercial real estate investors face HUGE policy hikes that are eating away at any leftover cash flow. But is this just the storm before the calm—have the price hikes peaked, and could we be in store for a more affordable market? All the doom and gloom can seem scary; thankfully, Dave Meyer, James Dainard, and Kathy Fettke have brought their financial flashlights to make things a bit brighter. In today’s correspondents show, we’re talking about Warren Buffett’s latest move to invest in some of today’s top home builders and why “affordable” housing may be where the REAL money is made in real estate. Besides Buffett, we’ll also touch on the growing insurance crisis across the United States, who it’s impacting the most, and why Kathy’s latest bill jumped 600% (c’mon, Kathy). Could this insurance squeeze make the commercial real estate crash even more lucrative for buyers? Lastly, we’re talking about one of the most underground topics of 2023—mortgage rates. They’re climbing fast, but this could be a sign of lower rates to come! In This Episode We Cover: Why the world’s greatest stock investor is putting his money into residential real estate The ongoing inventory crisis and why we might be in a “2012” market in 2023 The insurance “squeeze” forcing commercial real estate investors out of their properties How to lower your insurance costs with simple, sustainable home improvements A mortgage rate update and crossing into the highest rates of the past two decades Rental property HELOCs and the best lenders to ask for one And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram Kathy's BiggerPockets Profile Kathy's Instagram James' BiggerPockets Profile James' Instagram Warren Buffett Insurance Mortgage Rates Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-140 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

The Fed has put the American economy under extreme pressure to lower inflation. Mortgage rates are now at twenty-year highs, job openings are starting to fall, “cautious consumers” return, and a 2024 recession is still in the cards. Everything the Fed wanted is finally happening…but it’s not happening fast enough. Can anything solve the inflation we’re up against? Few know the Fed as well as Nick Timiraos, economics correspondent for The Wall Street Journal. Nick has been tracking the Fed’s moves for years and has been our go-to correspondent on what Fed chair Jerome Powell could be announcing next. With inflation finally taking a hit and the economy slowing down, progress is finally being made. But this doesn’t mean that we’re out of the woods yet. The Fed knows the job isn’t finished yet and is willing to push the American economy to extremes to get there. In this episode, we talk to Nick about the Fed’s next moves, mortgage rate predictions, how the housing market could reignite, recession forecasts, and the “immaculate disinflation” that could save our economy.  In This Episode We Cover: Why the Fed is keeping mortgage rates high even as we see lower inflation  Consumer spending and why Americans are being more “cautious” with their money  Credit tightening and risks for businesses if interest rates don’t decline  Why job openings are falling and what this means for unemployment 2024 recession risks and what would have to happen for a “soft landing” to actualize  And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram Kathy's BiggerPockets Profile Kathy's Instagram The Fed’s Plan for Future Interest Rates Can the Fed Dodge a Recession in 2023? The Fed’s Next Move and When Rates Will Drop Connect with Nick: Nick's Twitter Nick's Website Nick on WSJ Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-139 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

We’re in the thick of a housing crisis. Buyers are waiting to pounce on properties, but there aren’t any houses to buy. Mortgage rates are high, and prices have risen or stayed flat in most parts of the country. So, where do first-time home buyers turn when there’s nowhere else to go? New construction homes! But it’s not just regular home buyers bidding on new construction. Investors are creating more competition as the existing home market slowly trickles out inventory. Nikolas Scoolis’ team at Zonda has been distributing some of the most comprehensive new construction data for the 2023 housing market, and he’s got some good news to share. With new construction home sales sharply rising over the past year, builders are getting bullish, and home buyers are FINALLY getting their hands on some inventory. But, with so many home builders chasing luxury profits, are affordable houses even worth building? And while new homes bring some relief to the inventory crisis we’re facing, it may not be enough to balance supply and demand. Nikolas will get into new construction market updates, why new home sales are exploding, who’s buying, and the BIG incentives builders are promising buyers. In This Episode We Cover: The housing inventory crisis and if new homes will match demand Affordable housing and whether or not small square footage homes will come on the market Baby boomer investors vs. first-time home buyers and the fight for inventory Rate buydowns, free upgrades, and other incentives home builders are still offering Recovering markets that are seeing strength return after HUGE price drops  And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram Kathy's BiggerPockets Profile Kathy's Instagram Who’s Keeping the Housing Market Moving? Baby Boomers Read Zonda’s New Home Market Update Bullish Homebuilders, Affordable Housing, and Why Home Prices WON’T Move Connect with Nikolas: Nikolas' LinkedIn Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-138 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

The Chinese economy is facing one of its most significant tests in years. With real estate prices falling off a cliff, unemployment skyrocketing, and a currency crisis, Asia’s largest economy could hit even harder times ahead. But this doesn’t mean the rest of the world will remain unaffected. In the US, recession risks are starting to rise as hopes of a “soft landing” are gradually fading away. With inflation still rearing its ugly head and American households running out of cash savings, the worst could be yet to come. To give us a global view of the economy is Bloomberg LP’s Chief US Economist, Anna Wong, who also served on the Federal Reserve Board, the White House’s Council of Economic Advisers, and the US Treasury. Few people in the entire country have as good of a read on today’s economic situation as Anna, so we spared no questions about what could happen next. Anna has some recession predictions that go against the grain of popular economic forecasts. From her data, the risk of a recession is far from over, and we could be heading into a shaky Q4 of 2023 and a dismal start to the new year. She details what could happen to inflation, unemployment rates, foreclosure risk, and why the Chinese economy’s failures could have lasting effects back home. In This Episode We Cover: Why a “soft landing” looks unlikely as recession risks begin to rise again  Bankruptcies, delinquencies, and why American consumers are running out of time Recession forecasts and when the worst economic effects could hit  Deteriorating credit and why American home buyers are falling back into 2008 traps Chinese economic downfall and what’s causing Asia’s largest economy to crumble  Effects on the US and how a global recession could appreciate the dollar’s worth  And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram The 2023 Recession Countdown: Is Now the BEST Time to Invest? Is the Global Economy About to Collapse? Inside China’s Real Estate Crisis Join The Bloomberg Terminal and Use Code BECO Connect with Anna: Anna on Bloomberg Anna's LinkedIn Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-137 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

Buying a house in the 2023 real estate market is already exhausting. Sellers have regained control, and homebuyers are back bidding over every reasonably priced house within a decent school zone. But, buyers have gotten smarter, paying attention to one strategy that allows them to break even or sometimes cash flow, even with today’s sky-high mortgage rates. And our two expert agents from entirely different markets agree: this is the way to go. To finally tone down Henry Washington’s non-stop Northwest Arkansas propaganda, we’ve brought Ryan Blackstone, local Arkansas agent and broker, on to the show to break down exactly what moves are being made in his “affordable” market. But we’ve also got BiggerPockets royalty, Anson Young, to give his take on where the significantly more expensive Denver market is headed. Both agents review what buyers are looking for, what’s selling, whether the buyer or seller has control, and the strategies smart investors use to cash flow even in an impossible housing market. In This Episode We Cover: Why we may be back to a seller's market and which properties are getting bid up The one strategy you can use in 2023 to create cash flow (it’s much easier than you think) Seller concessions and why new developments are making BIG price cuts Doubling your cash flow almost overnight by changing one part of your lease The one thing that could trigger a wave of buyers to come back to the market And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram James' BiggerPockets Profile James' Instagram Book Mentioned in the Show: Finding and Funding Great Deals by Anson Young Connect with Anson & Ryan: Anson's BiggerPockets Profile Anson's Instagram Ryan's BiggerPockets Profile Ryan's Instagram Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-136 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

New real estate commission lawsuits could change home buying and selling as we know it. Long gone may be the days of buyers walking away paying zero commission and sellers having to bear the entire burden of a real estate transaction. Two new class action lawsuits against the National Association of REALTORS (NAR) could change how agents are paid and deals are done, but should investors even care? We brought in James Rodriguez, Senior Real Estate Reporter at Business Insider, to explain exactly what could happen to commissions, what this means for the future of buying and selling real estate, and whether or not the next agent extinction is on our hands. With over $40 billion in damages from these combined lawsuits, real estate agents may wake up to an entirely new housing market where their services are rarely needed. But who’s forging this fight against real estate agents, and why are they pushing for a “decoupling” of commissions? And, if you’re a full-time agent, should you be concerned about where your next paycheck could come from, or is this merely a hollow case with no REAL threat to hard-working agents and realtors? Stick around; we’ll get into who should (and shouldn’t) be worried. In This Episode We Cover: The multi-billion dollar NAR lawsuits explained and why commissions could be “decoupled” A BIG threat to buyer’s agents and what happens when their services are no longer needed Whether or not using an agent is worth it, and why most investors will STILL rely on realtors and agents The potential of an MLS (multiple listing service) overhaul and combining all local listings into one Paying agents per hour and the future of real estate commissions And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram Understanding Real Estate Commissions (And How to Negotiate Them!) The multibillion-dollar lawsuits that could radically reshape how we buy and sell homes forever Connect with James: James' Profile - Insider James' Twitter Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-135 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

Holding on to hope that mortgage rates could hit four or even three percent again? Unfortunately, that doesn’t look likely, at least to Liz Ann Sonders, Chief Investment Strategist at Charles Schwab. While Liz spends most of her waking hours thinking about the stock market, she always has her finger on the overall economic pulse. Whether it be bond yields, mortgage rates, economic cycles, or banking crises, Liz Ann needs to know market moves in order to manage Charles Schwab’s $8 TRILLION in assets. For most heavy real estate investors, the stock market is confusing at best and a game of chance at worst, but NOT knowing what’s happening in one of the largest investment markets in the world could be to your detriment. Since the stock market moves quicker and reacts to economic data at almost instant speed, real estate investors can get ahead by popping out of the property market we’re so preoccupied with. In today’s episode, Liz Ann not only touches on the state of the stock market but why so many investors are acting out of pure emotion (and not logic), the effect rising bond yields will have on mortgage rates, why savvy investors refuse to “fight the fed,” and the “rolling recession” that could explain 2023’s constant economic hills and valleys. In This Episode We Cover: The “rolling recession” and why its economic effects won’t hit us all at once Why mortgage rates won’t go back to 2021 levels EVEN when bond yields fall The psychology of emotional investing and why most investors are forfeiting data when making decisions New “bullish” signs from stock investors and what they’re investing in Why waiting for a recession to invest could be a MASSIVE financial mistake  And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram The Fed Just Got One More Reason to Hike Mortgage Rates Is Now the Best Time to Get Into the Stock Market? Connect with Liz: Liz on Charles Schwab Liz's Twitter/X Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-134 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

Housing affordability has reached lows that most Americans never knew existed. After home prices had an unprecedented multi-year run-up and mortgage rates got hiked, the average home buyer was out of luck. They couldn’t afford a house, and even if they could, the chances of getting one were slim to none when no inventory existed. Many now hold on to a hope that affordability could be around the corner, but this isn’t looking likely, at least not according to the most accurate forecasters in the country.  Doug Duncan, SVP and Chief Economist at Fannie Mae doesn’t just do the standard housing market forecast models. His team at Fannie Mae has come up with the most accurate predictions of the housing market to date through a combination of judgment, market sentiment, and math. Today, Doug is on the show to give his data-backed take on home prices, mortgage rates, and the affordability crisis.  There is some good news for homeowners and not-so-good news for home buyers, but Doug brings some solid advice for those still struggling to buy a home, plus a forecast of when things could finally turn around. If you want to know whether a recession is still in the cards, what home prices will do, and when affordability will reach equilibrium, tune in! In This Episode We Cover: A 2024 home price forecast that most didn’t think was possible  Housing affordability and why we may not see relief for YEARS to come Recession watch and whether or not we’re in the economic clear  Data modeling and why you CAN’T just rely on the math for your housing market predictions  Advice to first-time home buyers and what you MUST have before you try to buy  And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram Grab Fannie Mae’s Forecast Housing Market Affordability Has Crossed a Concerning Threshold in the U.S Connect with Doug: Fannie Mae Doug's LinkedIn Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-133 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

The housing market “recession” is…over? At least, that’s what some economists think. But it doesn’t feel so stable for the rest of us real estate investors. Home prices are still dropping in some markets, teetering on stability in others, and hot as ever in growing areas. With mortgage rates rising and the Fed staying true to its word, how can we be so sure that home prices won’t begin to fall across the nation? We’re back with another headline show where Dave Meyer, James Dainard, Jamil Damji, Kathy Fettke, and “the only investor in Arkansas,” Henry Washington, give their take on some of the hottest housing market stories of late. We talk about the NAR (National Association of REALTORS) declaring the “housing recession” to be (potentially) over, why banks are tightening credit and denying loans more than ever before (and how to still get funding), why lowball buyers are actually in the right, and the cities across the US most poised for growth. With offers becoming harder and harder to get accepted, interest rates rising, lending on lockdown, and sellers still living in 2022, you MUST invest smarter to build wealth in today’s market. Thankfully, all our guests are doing just that and dropping some gems on beating the regular buyers by being smarter, faster, and picking up deals for less! In This Episode We Cover: The “housing recession” and why some economists think it may be over Why investor buying activity remains high EVEN with rising mortgage rates The commercial credit crunch and why banks are refusing to lend on specific assets  Five reasons you’re getting lowball offers and why buyers NEED to stay reasonable The US cities most poised for growth and Henry’s secret city to invest in (it’s NOT in NW Arkansas!?)  And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram Henry's BiggerPockets Profile Henry's Instagram Jamil's BiggerPockets Profile Jamil's Instagram Kathy's BiggerPockets Profile Kathy's Instagram James' BiggerPockets Profile James' Instagram Hear Our Episode with J Scott and Scott Trench Housing Recession Credit Tightening Lowball Offers Growing Cities Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-132 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

Home prices were supposed to crash…right? Not quite. If you were hoping to snag a steal of a deal on your first home, we’ve got some bad news. But, if you’re a homeowner or investor who was crossing their fingers that their equity would stay stable, things are looking good! As the housing market begins to “adjust” back to normal, investors are asking themselves, “What happens next?” We brought repeat guest and fan-favorite Rick Sharga, founder of CJ Patrick Company and former EVP of Market Intelligence at ATTOM, back on the show to share the findings of his most recent investor survey. Rick and his company have been tracking the sentiment of small retail investors—a dataset we rarely get to hear about—and he has some news to share. Investors are thinking about the housing market differently than most would assume. With high mortgage rates and financing fatigue, rental property investors and active house flippers have the same thought: things could get better soon. But what could change? Will inventory ever rebound? And what could cause another hot housing market? All that, and more, in this episode! In This Episode We Cover: The one investment strategy that has been dramatically declining (and why it may have a comeback) Home prices and whether or not we’ve bottomed out already What small retail investors think will happen next in the housing market The #1 challenge investors are facing today (and when this could improve) An “inflection point” for real estate and whether competition will heat back up Fixing the inventory problem and how long it will take to return to “normal” levels Declining and rising real estate markets that Americans are moving away from/to And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram On The Market Podcast 17 On The Market Podcast 66 BiggerPockets Real Estate Podcast 604 Investor Sentiment Survey Connect with Rick: Rick’s LinkedIn Rick’s Twitter Rick's Website Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-131 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

Looking for a high-cash-flow real estate market? Well, you’ll need low home prices to make that happen. With mortgage rates still at multi-decade highs and affordability at forty-year lows, there isn’t much cash flow to around…unless you’re investing in one of these markets. And while “cheap” rarely means “good,” there are a few housing markets on this list that investors can feel safe parking their money in. Unless you have a million dollars in the bank or already own a portfolio of beachfront homes in Hawaii, you’re probably looking for the best market to stretch your investing dollars. Thankfully, we’ve got just that as the On the Market panel covers the ten most affordable housing markets in the United States. We’ll get into the nitty-gritty of the top four and highlight which we’d invest in and steer clear from. Some of these markets have huge manufacturing entering the area, prompting massive job growth that could surge home prices. But, with most unaware of this type of economic movement, investors like you can take advantage by getting into these affordable markets before they become boomtowns! In This Episode We Cover: The ten most affordable real estate markets across the country (and which we’d invest in) Two markets that are about to experience massive job growth but STILL offer low prices Cash flow vs. appreciation and which market to invest in if you want LONG-term wealth Entering the “investor’s market” and why real estate investors have the upper hand in 2023 How to vet a rental property market and the metrics you MUST pay attention to before you buy And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram Henry's BiggerPockets Profile Henry's Instagram Jamil's BiggerPockets Profile Jamil's Instagram Kathy's BiggerPockets Profile Kathy's Instagram 10 Most Affordable Markets List 2022’s Most Affordable Housing Markets Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-130 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

The housing market has dealt a tough hand to real estate investors as of late. Prices are staying the same, but mortgage rates are rising, rents have peaked, and so-called “easy” investments have been increasingly difficult to manage. The “lazy” investors who bought simple short-term rentals are now sitting with empty units, and BRRRRers that never adjusted their strategy are stuck with standard houses producing bleak returns. What’s the right move to make when investing is harder than ever before? We wanted to know what’s REALLY happening in the housing market. So we brought on short-term rental expert Avery Carl, father of the BRRRR method David Greene, and luxury flipper James Dainard, to get their opinions on what’s working, what isn’t, and what investors should do now. Surprisingly, all these experts agree that ONE type of investing is the best way to go, and it’s such an obvious choice that you may miss it. But, before this real estate investing strategy smackdown begins, we’ll get to know the current states of short-term rentals, flipping, and BRRRRing, plus which strategies are making money and which are falling flat. This is a new housing market; if you want to make it, you can’t play by the same rules. In This Episode We Cover: The ONE investing strategy ANY investor can use to make more money in 2023  The short-term rental slowdown and why basic hosts are in trouble Flipping houses and the almost unbelievable returns you could be making in today’s market Why “lazy” investors are about to get crushed (and what they can do about it) BRRRR blunders and why this strategy may have to be put on ice until rates drop Avoiding the “turnkey trap” that’ll tie you to a boring house, making bleak returns And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram James' BiggerPockets Profile James' Instagram Book Mentioned in the Show BRRRR by David Greene The Book on Flipping Houses by J Scott Short-Term Rental, Long-Term Wealth by Avery Carl Connect with Dave and Avery: Avery's BiggerPockets Profile Avery's Instagram Avery's Website David's BiggerPockets Profile David's Instagram David's Website  Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-129 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

Real estate investing advice is everywhere, especially from people who don’t invest. You’ve seen the financial influencers screaming, “Don’t buy!” or “Wait for the crash!” often while doing a little dance or pointing to some cherry-picked statistics. While this amateur advice rarely gets considered by investing experts, those who are just getting started are susceptible to following this dumpster fire of investing guidance and will end up losing money as a result. But don’t worry; we’ve brought the antidote to this horrible advice. We got the entire On the Market panel together to give their favorite pieces of lousy investing advice and what to do instead so you can ACTUALLY build wealth. From waiting for the crash to only buying foreclosures to purchasing a property way over your budget, this real estate investing advice is some of the worst, if not most hilarious, we’ve seen in a long time. And with the economy on the edge of a recession, now is NOT the time to take money tips from twenty-two-year-olds on the internet. For every piece of bad advice we get, we’ll give you our personal, time-tested advice on what we’d do in today’s housing market. Some of this expert advice may shock you since it goes against what everyday investors have been told. But, if you follow it, you could be building wealth like our multi-millionaire guests!  In This Episode We Cover: The one “risky” real estate strategy that has made our guests millions  Who should (and definitely shouldn’t) become a real estate agent  “Buying the dip” and why getting in at the bottom isn’t always a bright idea Discounted deals vs. buying at retail value and which markets require which strategy The dangerous bet you’re making when buying during high mortgage rates  Investing in new construction homes and the one scenario where you MUST avoid doing so And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram James' BiggerPockets Profile James' Instagram Henry's BiggerPockets Profile Henry's Instagram Jamil's BiggerPockets Profile Jamil's Instagram Kathy's BiggerPockets Profile Kathy's Instagram Book Mentioned in the Show How to Wholesale Real Estate by Jamil Damji Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-128 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

Could mortgage rates fall in 2024? And if so, how low will they go? What happens if home prices rise; could the Fed make things even harder for buyers? And what’s the one thing that could cause sellers to hike prices again? We have good news for you if you’ve been noodling on these unanswered questions. Dave Meyer is here to quench your thirst for data with this month’s AMA (ask me anything)! If you want to unlock this FULL episode, ad-free podcasts, and unlimited BiggerPockets audiobooks, click here to sign up for the BiggerPockets Playlist Membership. For only $100/year, you’ll get access to all that AND time-sensitive investing episodes like this that will help YOU make better investing decisions. Sign up today to hear Dave’s take on: When mortgage rates will fall and how low they’ll go  The Fed’s next moves and what they’ll do if home prices rise  Home price predictions and why deals could get even harder to find What to do TODAY if you’re starting from zero How to invest your first $25,000 and the EASIEST way to get into real estate  Whether or not the short-term rental market will recover  Whether a hot dog is or is not a sandwich, and why this American classic breaks the rules of handheld food  And So Much More! Check the full episode here: https://biggerpockets.com/playlist Learn more about your ad choices. Visit megaphone.fm/adchoices

Real estate agents had it made over the past two years. When mortgage rates were low, buyers lined up to make bids, sellers were ready to upgrade, and properties were flying off the shelves. For almost any agent in any market, business was booming, and it seemed like it wouldn’t ever stop. Then mortgage rates began to rise, monthly payments became dangerously unaffordable, and the agents looking for easy commissions disappeared. But what if an industry expert told you there was still hope to help buy and sell homes? Nick Bailey, President and CEO at RE/MAX, has been in the real estate business since he was a teenager. After buying the building his local pizza shop operated in, Nick went on to house hack in college, building an impressive career at not only RE/MAX but Century 21 and Zillow. He understands the agent business better than anyone and wants YOU to know the secrets to success. In today’s episode, Nick touches on the shocking statistic that most real estate agents fail, why average agents are struggling in today’s market, how homebuyers can get around today’s high fixed interest rates, and the one thing you NEED if you want to take home consistent commission checks. In This Episode We Cover: Fixed-rate vs. adjustable-rate mortgages and new loan products that put buyers in a better position Market trends and why fix and flippers are becoming (temporary) rental property owners Why most real estate agents fail (and the steps to success that top agents follow) How to find a great agent, whether you’re a first-time home buyer or investor Niching down and why modern agents will FAIL if they can’t find their focus Why agents MUST do more than sell real estate to build wealth  And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram James' BiggerPockets Profile James' Instagram Books Mentioned in the Show The Agent's Edge by Jordan Cohen Connect with Nick: Nick's LinkedIn Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-127 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

Need housing market predictions? We’ve got them. Unfortunately, they may not be exactly what you want to hear. While most landlords hope and pray that mortgage rates will head down and the housing market will finally open back up, reality paints a much different picture. With inflation still high and the Fed refusing to budge on rates, we could be in for a wild ride over the next six months. So, what will unfold before the clock strikes midnight at the end of 2023? Stick around and find out! We brought in the heavy hitters for today’s episode. J Scott, syndicator and author of numerous best-selling real estate books, but most importantly Real Estate by the Numbers, brings his stoic and scarily accurate take to the podcast. But that’s not all. BiggerPockets CEO Scott Trench joins us to give his investor, executive, and homeowner opinion on what’s happening in the housing market. Of course, Kathy Fettke, multi-decade investor and syndication expert, brings her unique view from booming markets. We’ll go over the housing market, inflation, interest rates, unemployment, and the overall state of the economy in this show. From explaining why the Fed will either drop or raise rates this year to examining the impact of a potential recession, then discussing the somewhat cherry-picked stats chosen by the Fed, this episode goes MUCH deeper than real estate, and you could get caught off guard this year if you don’t know what’s coming. In This Episode We Cover: 2023 housing market predictions and why “things are going to be messed up” for years to come Why mortgage rates could fall (or rise) and what could cause the Fed to move  Unemployment stats and why the “gig economy” could be in danger  False inflation numbers and what will force inflation to drop, then spike, this fall The commercial real estate crash and why multifamily investors could see a profitless next few years  And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram Kathy's BiggerPockets Profile Kathy's Instagram Hear Our Interview with Fed Expert, Nick Timiraos Books Mentioned in the Show Real Estate by the Numbers by J Scott and Dave Meyer Connect with J: J's BiggerPockets Profile Everywhere Else Connect with Scott: Scott's BiggerPockets Profile Scott's Instagram Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-126 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

Buying a home might not be the best idea in 2023. You’ll have to go through a few challenges to get one under contract. First, find a homeowner who wants to sell their home; you’ll need to convince them that ditching their low rate is worth the price. Then, secure funding; but with even the best home buyer loan, you’ll probably be stuck with a seven percent rate. Wouldn’t it be easier just to rent and invest the rest of your money? According to Daryl Fairweather, Ph.D., Chief Economist at Redfin, that’s precisely what you should do. New data has shown that with home affordability at historic lows, now isn’t the best time to buy a primary residence. But where would you find the inventory even if you wanted to buy? “Locked-in” homeowners are refusing to part ways with their properties, and nobody can blame them. But, there are still a few metro areas worth buying in, and if you live in, or are moving to, one of these areas, you could be in luck. But Daryl doesn’t just explain the buying vs. renting debate. She also talks about buyer demand and its recent drop-off, mortgage rate predictions and what we can expect rates to get down to, risky real estate markets facing natural disasters, and news for real estate agents that could change how commissions are paid and collected. In This Episode We Cover Renting vs. buying and which is a better bet in 2023 Affordability, buyer demand, and why renting may be the only option for many Mortgage rate predictions and how low rates could go in the near future Insurance headaches from California and Florida and why insurers AREN’T signing new policies Migration patterns and where Americans are moving as home prices remain high New real estate agent commission news that could change who pays an agent for buying or selling a property And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram Get Access to Unlimited BiggerPockets Audiobooks and Ad-Free Podcast Episodes Renting vs. Buying a House: Which Makes More Sense Connect with Daryl Daryl Instagram Daryl LinkedIn Daryl Twitter Redfin News Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-125 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

Thought we were done with mortgage rate hikes? Not so fast. The Fed always has time to get mad about something else and push interest rates even higher. This time, a surprise job report makes the Fed furious and could lead to a much more difficult housing market for investors and homebuyers. But this news isn’t all we’ve got on this episode. We’re touching on some of the biggest stories across the housing market, summing them up, and sharing them with you so you can bob and weave with the ever-changing economy. Want to invest in real estate with just a thousand bucks? If so, you’re NOT in luck because one prominent real estate crowdfunding platform has just gone bankrupt. But don’t worry; it’s not all doom and gloom. The new jobs report is painting a stellar economic picture but could lead to you having a more expensive loan. And for those that own short-term rentals, one housing market forecaster is predicting a mass sell-off due to Airbnb host income declining. Finally, we’ll talk about home prices, whether they’re actually falling or not, and how home buyers are STILL bidding even during some of the lowest affordability we’ve ever seen. Keep your pulse on the property market; tune into this week’s real estate roundup! In This Episode We Cover Short-term rental stagnation and why hosts are seeing income dwindle  Whether or not a massive vacation home sell-off could come to the housing market Mortgage rate hikes, new job numbers, and why the Fed is furious again  PeerStreet’s recent bankruptcy and what this means for crowdfunding investors  The half-truth of home prices “falling” and why some markets are still seeing bidding wars  And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram Kathy's BiggerPockets Profile Kathy's Instagram James' BiggerPockets Profile James' Instagram Henry's BiggerPockets Profile Henry's Instagram Federal Student Loan Forgiveness Update: What Happens Now? Airbnb Income Home Prices PeerStreet Goes Bankrupt Rate Hikes and Jobs Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-124 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

Need rental property financing? What about an investor loan that won’t stop your cash flow? It’s tough in 2023. With high mortgage rates and many veteran investors predicting a commercial crash, finding funding for your deal might seem impossible; but you’re probably looking for loans in the wrong place. Novice investors run off to the same lender that helped them get their primary home loan, while experienced investors know of loan products that most couldn’t even dream of.  To help get you a better mortgage, at a better rate, with less financing fatigue, is Caeli Ridge from Ridge Lending Group and Tim Herriage from RCN Capital, two of the most prominent investor lenders in the nation. Caeli and Tim know which loans work best for which investor, property, strategy, and price point. In this episode, they’ll review loan products that could help you score better deals with fewer headaches, explain why today’s high interest rates won’t last, and uncover the REAL reason investors are giving up their low mortgage rates for more expensive mortgages. Caeli also goes in-depth on a new type of HELOC/home loan with lower interest costs that could benefit you IMMENSELY over the life of your loan. Tim also shares why he believes there WON’T be a commercial real estate crash and how financing investment properties could get even easier. If you’re waiting to invest or want some signal that lower mortgage rates are returning, this episode is for you! In This Episode We Cover Investor-only loans that’ll help you build a real estate portfolio faster  Mortgage rate predictions and why top lenders don’t think high rates will last  Portfolio loans, blanket loans, and DSCR (debt service coverage ratio) loans explained  A new type of HELOC that leaves you with a lower interest rate  The commercial real estate “crash” and why top lenders DON’T think it’ll happen  Where to find the perfect investor-friendly lender for your next property  And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram Kathy's BiggerPockets Profile Kathy's Instagram Connect with Caeli and Ridge Lending: Ridge Lending Website Ridge Lending Email Phone: Call 855-74-RIDGE Connect with Tim and RCN Capital: Tim's BiggerPockets Profile Tim's Socials RCN Socials RCN Capital Website Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-123 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

One real estate market is ready to explode, haunted houses and “dark tourism” become all the rage, tiny homes are the new affordable housing, and multifamily investors find colossal cash flow with homeless housing. It’s halfway through 2023, and no real estate investing opportunity can be taken for granted. Long gone are the times of buying any house and counting on cash flow to come through every month. If you want to know the REAL ways to make money in real estate, this is the episode for you! We’re back with the full On the Market podcast panel, as Henry, James, Jamil, and Kathy bring in news stories affecting real estate investors nationwide. First, Henry talks about a “micro-home” community of tiny houses helping home buyers lock in a mortgage for almost half the average cost. Then, James touches on California’s consistent struggle with homelessness and how multifamily investors can profit by building safe spaces for those that need a helping hand. Kathy brings the inside scoop on a new resort development that could shoot one city’s home prices through the roof. Finally, Jamil makes us all feel slightly uncomfortable by mentioning “dark tourism” and how buying haunted houses could give you a huge ROI as tourists beg to be terrified. If you want to know about all the unconventional yet high-profit housing market opportunities, stick around! In This Episode We Cover The rise of haunted house investments and the surprising profits of “dark tourism” Tiny houses, “micro-homes,” and other affordable housing options home buyers are looking for How to get paid by providing housing to the homeless IF you own this type of rental The new resort development that could cause home prices to explode in this ski town  Why the government WANTS investors to turn vacant land into low-income housing And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram Kathy's BiggerPockets Profile Kathy's Instagram Henry's BiggerPockets Profile Henry's Instagram James' BiggerPockets Profile James' Instagram Jamil's BiggerPockets Profile Jamil's Instagram Tiny Homes, Huge Profits: $6,000 a Month from 1 Property! 5 Tips for Owning Low-Income Rentals Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-122 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

The Federal Reserve could be steering us straight into the next great recession. After decades of monetary and fiscal debacles from quantitative easing to safeguarding big banks that hurt everyday Americans, it seems almost everyone wants the Fed to be taken apart and rebuilt or shipped away, never to have economic sway again. Grave mistakes have been made over the past two decades, many of which will have unfathomable consequences for today’s economy. So, can the Fed do ANYTHING to save us? Enough with the speculating. We brought former Advisor to The Federal Reserve Bank of Dallas, Danielle DiMartino Booth, to tell us what happens behind closed doors. Danielle was there at the beginning of quantitative easing, fighting back against a program she knew would lead to a weak economy. Now, as Danielle puts it, “everything has come home to roost,” as quick decisions made in the last financial crisis put us in a massive economic bind. This is NOT good news for real estate investors; those buying today could be in serious trouble in years to come. Throughout today’s episode, Danielle gives us her take on how the Fed could fix itself, current actions Jerome Powell, Chair of the Fed, has put into place to correct the course we’re on, and whether or not a “soft landing” is possible as the American economy heads into a recession. Finally, Danielle gives her advice on what real estate investors should do and why those exiting the market might be smarter than the rest of us. In This Episode We Cover Massive mistakes the Fed made during the Global Financial Crisis that we’re paying for today Quantitative easing explained and why “money printing” is so dangerous to the economy  The “dual mandate” that’s making the Fed’s job almost impossible to achieve  Recession predictions and whether we’ll face a soft landing or hard crash  Why smart real estate investors are hoarding cash and refusing to buy  False job data and why the unemployment rate is about to get even worse  And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram Kathy's BiggerPockets Profile Kathy's Instagram Book Mentioned in the Show: Fed Up by Danielle DiMartino Booth Connect with Danielle: Danielle's Substack Danielle's Twitter Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-121 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

We’re here with a HUGE student loan forgiveness update. Since President Biden was elected, those with student loans have been hoping and praying to have a sizable chunk of their debt wiped away. Tens of millions of borrowers would have been impacted, helping free up cash for those that need it most. But, on the other hand, taxpayers were staring at a $400B bill to forgive just a fraction of the student loan debt in America. The economic implications of student debt relief passing would have been huge, but a more significant economic impact could continue for borrowers. We’ve brought back Sarah Ewall-Wice, Political and Economics Reporter at CBS News, to give us a full student loan forgiveness update, break down what exactly happened in the Supreme Court, and what we must prepare for now that student debt relief is off the table. But, if you were banking on your loans being forgiven, fret not; a new plan may already be underway to give those with student debt another chance at redemption. Sarah walks through the legal battle the Biden Administration brought forth to get debt relief passed, what will happen to graduates now that the bill has come due, and whether or not defaults could increase across the board as a result. Dave and Sarah will also debate why a solution to rising college costs hasn’t been conceived and what you should do NOW if you have student loan debt. In This Episode We Cover A federal student loan forgiveness update and what will happen next Why the Supreme Court decided to axe the debt relief plan (it’s not what you think) Resuming student debt payments and what graduates need to do NOW Whether or not defaults across credit cards and mortgage payments could increase as a result The true cost of college and why unaffordable education MUST be tackled And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram Hear Our Past Interview with Sarah on US Debt Connect with Sarah: CBS News Sarah's Instagram Sarah's Twitter Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-120 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

Artificial intelligence (AI) like ChatGPT might not be great at writing podcast intros, but when it comes to building a rental property or real estate portfolio, these platforms produce far more help than harm. While most of the general public uses AI to write poems about their dog or history papers for class, real estate investors are harnessing this technological power to buy more properties, outsource simple tasks, and reach sellers faster than ever. Want to do the same? You’ll have to stick around! For years, our panel of real estate experts have been using AI, automated apps, and software to grow their portfolios to new heights. And, even if you don’t own thousands of rentals or do hundreds of fix and flips a year (like James), you too can use this real estate tech to make your life easier, spend less time working, and focus more on what your business needs from YOU. In this episode, Dave, James, Jamil, and Kathy will go over exactly how they’re using AI platforms such as ChatGPT, the systems and software they’ve implemented into their own businesses, whether or not more automation could threaten jobs, and how you, even as a small investor, can leverage the same tech top investors use to build wealth faster! In This Episode We Cover Why ChatGPT may be good at everything but writing podcast intros Using AI platforms to create job descriptions, outreach to sellers, and take menial tasks off your plate Whether or not AI has the potential to kill jobs in the real estate sector The “job evolution” that is waiting for those who can embrace new technology The EXACT software, systems, and apps we’re using to grow our real estate portfolios And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram Henry's BiggerPockets Profile Henry's Instagram James' BiggerPockets Profile James' Instagram Jamil's BiggerPockets Profile Jamil's Instagram Kathy's BiggerPockets Profile Kathy's Instagram Basecamp ChatGPT Follow Up Boss Infusionsoft (Keap) Monday.com Ninety.io Salesforce Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-119 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

The next foreclosure wave is already brewing. Over the past few years, monetary moves and rash home buying decisions were made that could cause even more foreclosures to hit the market. The question is, which markets will face the most foreclosures, and how low will prices go? But that’s not all; foreclosure competition has started to spike as a new type of buyer enters the market for these deeply discounted properties. And if you want to know about foreclosures, discounted properties, and data on the markets with the biggest price cuts, Daren Blomquist from Auction.com is your man. As VP of Market Economics, Daren knows where the foreclosure market is moving before the masses do. In this episode, he gives his take on the next “wave” of foreclosures that could be headed our way, when it will hit, and the investing areas already feeling the effects. Daren also talks about the unexpected buyers entering the foreclosure market and how they could put investors at the back of the line for discounted deals. And if you’re in this specific state, prepare for your properties to be placed at open auction, as investors are forced to wait to acquire the foreclosure properties they rightfully won. Make no mistake; there are MANY deals out there for investors, but competition could start to heat up fast!  In This Episode We Cover The “seeds of a bigger foreclosure wave” that are about to sprout Buyers bounce back and why the housing market and home prices have been so resilient A rise in foreclosures and what’s causing a steady uptick in homeowners forfeiting their houses New foreclosure laws that could make it even harder for investors to buy discounted properties Markets facing the deepest foreclosure price cuts Recession predictions and whether or not this will force even more foreclosures And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram Henry's BiggerPockets Profile Henry's Instagram The Biggest Real Estate Tax Loophole You’ve (Probably) Never Heard Of How Much Investment Diversification Is Right for You? Hear Our Previous Interview with Daren Connect with Daren: Auction.com News Daren's LinkedIn Daren's Twitter Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-118 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

Looking for housing markets with population growth, new jobs, rising home prices, and unlimited profit potential? If so, you’re in luck! In this episode, we’ll reveal four of our favorite “comeback” housing markets primed to explode over the next few years. Thanks to the recent housing correction pushing home prices lower, some top investing areas are sitting on suppressed prices that might not last long. So, what are our top markets? First, we head down south to talk about an explosive city that tanked in property pricing but now looks like a strong buy. Then, we’ll head to the Silicon Slopes to break down why this new tech hub (and ski city) boasts some surprising metrics that could mean more money for rental property investors. From there, we’ll enter into the dense forest and fog of an iconic city that isn’t even close to past its prime. Finally, we’ll finish with a nugget of wisdom from Dave on why this “fast food city” might be worth more than its munchies. So, if you’ve been preparing for your next out-of-state investment or are just looking for a market that’ll bring you long-term growth, tune in to hear where our experts are planning their property purchases! In This Episode We Cover The four most promising comeback housing markets of 2023 Market metrics you should look for when analyzing a real estate investing area Tech’s potential hiring boost and why public layoffs won’t last forever The surprisingly strong city that is seeing rock-bottom days on market and bidding wars Following big businesses and why you should look for job growth BEFORE you invest And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram Henry's BiggerPockets Profile Henry's Instagram Kathy's BiggerPockets Profile Kathy's Instagram What An Analysis Of 295 Housing Markets Told Me About The National Market The 8 Worst and Best Housing Markets in The US (2023 Edition) Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-117 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

Asset allocation is arguably the most crucial step in building wealth. While most people think just buying rentals is enough, having the money set aside to protect those rentals, and subsidize your business during rough markets, can make or break your real estate portfolio. In the last crash, those entirely in real estate saw their wealth dwindle to nothing while diversified investors held strong, scooping up deals at a steep discount, making millions in the coming decade. Now, with many investors fearful that we’re on the edge of another crash, James Dainard and Kathy Fettke have stepped in to give advice only multi-decade millionaires know of. Dave, James, and Kathy will be breaking down their exact investment portfolios, walking through what they own, what they don’t, and how they structured their wealth to stay safe without stagnating. They’ll also share their advice on what to invest in TODAY, how to diversify your portfolio so you don’t get liquidated in the next crash, what they’d buy with $100,000, and “risk-free” investments like bonds still boasting favorable returns. Whether you’re just starting to invest or are looking to optimize your passive income, this episode is for you! In This Episode We Cover Asset allocation 101 and why it is SO crucial to building (and keeping) wealth  Revealing our multimillion-dollar investment portfolios and how we designate our dollars Kathy’s short-term rental bet and house hacking EVEN while you’re financially free Geographic diversification vs. asset diversification and whether the market or asset matters more Protecting yourself during a real estate crash and what James wishes he did last time Bonds and “risk-free” investments that could give you a stress-free return And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram James' Instagram James' BiggerPockets Profile Kathy's BiggerPockets Profile Kathy's Instagram The Biggest Real Estate Tax Loophole You’ve (Probably) Never Heard Of How Much Investment Diversification Is Right for You? Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-116 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

Home prices could become affordable without any of us noticing. In fact, home prices don’t even have to fall for the housing market to enter into a mild correction. With affordability hitting lows that we haven’t seen since the seventies and eighties, what could save today’s home buyers from paying for one of the most expensive mortgage payments of all time? Something must be done. And thankfully, it might already be happening. If you want to know the truth behind silent housing corrections, market-abandoning buyers, and where we could be headed, you better ask Andy Walden from Black Knight. We brought Andy on the show to talk about everything from mortgage rates to unaffordability, delinquencies, foreclosure fears, and what can be done to help our home buyers. Andy spends all day, every day, playing with some of the most vital proprietary property data sets imaginable, and he has an answer to almost every question. In this episode, Andy speaks on the housing market correction that could happen without home prices falling, why more home buyers are leaving the market, how mortgage rates could fall without the Fed’s input, and what could cause delinquencies to finally rise. In This Episode We Cover The silent housing correction and what could cause affordability to rise Mortgage rate lock activity and why we’re hitting all-time lows for home buying Bond yields, mortgage spreads, and how rates could fall without the Fed intervening  The housing inventory crisis that’s causing home prices to stagnate Delinquency forecasts and two big events that would put homeowners in a tight spot And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram Grab the Latest Mortgage Monitor What Is a Housing Market Correction and How Does It Really Impact You? Connect with Andy: Work with Andy and His Team Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-115 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

Housing market forecasts, affordability false flags, forty-year mortgages, and a baby boomer shopping spree. Today, we’re touching on anything and everything affecting the housing market as the full On the Market panel joins Dave Meyer to answer YOUR most-asked questions. Dave has been collecting questions from viewers to have a rapid-fire question-answering round with some of today’s top real estate investing experts. If you want to know what will happen next in the housing market, tune in! We invited the whole crew to give their opinions on today’s investing market. We’ll talk about whether the real estate market’s “crash” is tied to stock performance, affordability and how ADUs (accessory dwelling units) may have shot home prices even higher, and the new forty-year mortgage and whether or not it’s a safe option for everyday home buyers. But, we’re also peaking into our crystal balls to give some BIG housing market predictions for the next few decades. Kathy talks about how average home prices could hit seven figures (seriously!) within our lifetime and why buying now may be your last chance to snag an “affordable” home. Then, to wrap things up, our expert guests share which asset class they’d invest in TODAY that could lead to a HUGE payoff in just a few years. The market is changing; stick around so you’re not left behind! In This Episode We Cover What we’d invest in TODAY that could see HUGE profits in the next few years Finding the housing market’s bottom and whether or not we’ve already hit it Housing affordability and why ADUs (accessory dwelling units) may have hurt home buyers A thirty-year real estate prediction and how high home prices could get The new forty-year mortgage, who’s applicable to get one, and affordable loan options Baby boomer buyers, rising birth rates, and demographic trends that could seriously affect the market  Mortgage rates explained and why lenders won’t undercut their competition And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram Jamil's BiggerPockets Profile Jamil's Instagram Henry's BiggerPockets Profile Henry's Instagram James' BiggerPockets Profile James' Instagram Kathy's BiggerPockets Profile Kathy's Instagram Hear Our Interview with Chris Martenson Housing is Unaffordable, But Could It Actually Get Worse? Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-114 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