Avsnitt
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The US economy isn’t doing as well as you think—it’s doing even better. While mainstream media outlets and grocery prices may make you feel that the US economy is struggling, the data points to something different. Inflation is getting under control, the Fed is about to lower rates, recession risks could be shrinking, and a long-term growth trend is emerging. The American economy is leading what Joe Brusuelas calls the “global recovery.”
Named 2023 “Best Rate Forecaster” by Bloomberg, Joe has an unmatched view of the economy at a macro and microeconomic level. Today, we’re talking to Joe about the state of the US economy and why it’s outperforming global players like China. Joe shares the “secret sauce” that is helping the US take center stage in global economic growth, which could keep us on course to see continued economic success for years to come.
But, with China’s economy showing cracks, the Middle East conflict getting more tense by the day, and the risk of recession still top of mind, what’s next for the US economy? Joe gives his economic outlook and shares the most significant risks the US economy could face, plus why he sees a BIG Fed rate cut coming in 2025.
In This Episode We Cover
The state of the US economy and why we’re seeing such unmatched economic growth
The “secret sauce” that makes the American economy particularly efficient
China’s growing economic troubles and whether it could bleed into the US economy
Fed rate cut predictions and why we may see a BIG drop in rates by this time next year
Joe’s US economic forecast and the regions of the US real estate investors MUST watch
Commercial real estate risks and whether we should still be worried about “the wall” of maturing debt
And So Much More!
Links from the Show
Join the Future of Real Estate Investing with Fundrise
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On The Market Podcast 196 - China Falters, Israel’s Oil Danger, and Russia’s Assets Used Against Them w/Joe Brusuelas
Learn More from Joe
Grab Dave’s Newest Book, “Start with Strategy”
Jump to topic:
00:00 Intro
01:51 US Economy is Booming
06:52 Recession Risk?
08:43 China’s Economic Trap
13:31 Will This Hurt the US?
14:45 Middle East Oil Risks
17:42 US Economic Forecast
25:27 What Commercial Crash?
27:28 Fed Rate Cuts
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-253
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Are we finally at the end stages of this harsh housing market? With housing inventory increasing, mortgage rates steadily falling, and inflation cooling, we might be returning to a much healthier time to buy a house. But one of these improvements we’ve seen over the past year could begin reversing, and that’s creating some interesting future scenarios. One that even we’re surprised to hear as we bring on top housing market analyst Logan Mohtashami.
Logan has referred to 2022-2023’s housing market as “savagely unhealthy,” but he’s a bit more optimistic now that we’re seeing relief. While we’re still not at 2019 inventory levels (which were already low), we’re slowly getting there. However, we could see the positive inventory trend start to reverse, leading to even more affordability problems for homebuyers. So what has to happen for affordability to see meaningful improvement?
Today, Logan is giving us his take on housing inventory, where mortgage rates could be heading, and why we may NOT see a spike in home prices even if rates fall significantly (something most analysts are bullish on).
In This Episode We Cover
Logan’s housing market, mortgage rate, and inventory forecast
Why our increasing housing inventory could reverse once rates start to fall
The one thing holding affordability back and whether Logan has hopes of it improving
Why watching the labor market and jobs numbers will help you predict mortgage rates
Were we wrong about the “lower rates = higher home prices” premise?
And So Much More!
Links from the Show
Join the Future of Real Estate Investing with Fundrise
Join BiggerPockets for FREE
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See Dave at BPCON2024 in Cancun!
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Learn More from Logan
On The Market Podcast 86 - Here’s What Will Cause Mortgage Rates to Finally Fall w/Logan Mohtashami
Know the Ins-and-Outs of Real Estate with “Real Estate by the Numbers"
Jump to topic:
00:00 Intro
02:05 The "Baby Pivot" Stage
05:46 The Home Sales Recession
08:49 Housing Inventory Update
15:30 Rates Will Decline MORE If...
19:59 Mortgage Rate Forecast
24:48 When Will Affordability Improve?
29:05 Biggest Takeaways
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Saknas det avsnitt?
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No matter who wins your vote during the presidential debates, odds are, the housing market will still have its problems. We’ve got high building costs, low inventory, and slow bureaucratic procedures that stop homes from being built or renovated. So, what would WE do if we were in charge of the country’s economic policies, and how would we use them to make a better housing market?
Welcome to the 2024 On the Market debates, where Dave, Henry, James, and Kathy duke it out over who has the best housing policy, economic plan, and…presidential slogan. We’re putting our plans out in the open for you to vote on. Dave is focusing on construction prices, Henry wants to “Make Housing Affordable Again,” Kathy is rallying to reduce government spending, and James wants to fast-track building and renovations so housing inventory can grow.
Who has the best housing market policy, and are there any you’d personally want to see on the ballot come the next election? Leave a review and let us know your thoughts, or give your take over on our YouTube channel!
In This Episode We Cover
Four economic policies we’d put into place TODAY to save the housing market
Tax breaks for investors and builders and why the government MUST incentivize affordable housing
Speeding up permitting times with a plan that could help those who can’t afford home repairs
Why we NEED more Americans learning the trades before it’s too late
Are prefab homes the future of affordable housing in America? Here’s why Dave thinks so
And So Much More!
Links from the Show
Join the Future of Real Estate Investing with Fundrise
Join BiggerPockets for FREE
Find an Investor-Friendly Agent in Your Area
See Dave at BPCON2024 in Cancun!
Dave's BiggerPockets Profile
Henry's BiggerPockets Profile
James' BiggerPockets Profile
Kathy's BiggerPockets Profile
How the Financial Policies of Trump and Harris Could Impact Real Estate Investors
Live Like Jett Foundation
Grab Kathy’s New Book “Scaling Smart”
Jump to topic:
00:00 Intro
03:57 Make Housing Affordable Again
12:31 Path of Progress
21:21 Scaling Smart
32:19 Construction is Too Expensive
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-251
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How will the Trump and Harris economic plans affect your investing? One candidate is looking to increase affordable housing and give homebuyers a break on their first property. The other plans to keep taxes low so you can save more money. Both are concerned about inflation and rising costs, but will either of their plans correct the national budget deficit we constantly find ourselves in? We’re digging into the 2024 election economics on this BiggerNews episode with economist Joel Naroff.
First, we’re discussing what happens economically during elections as Americans brace for a new president. Then, we dive into Harris’ economic plan and stance on inflation, cost of living, and affordable housing. She also has her eye on raising taxes for high-income earners, but will she bring things back to the pre-Trump era?
Next, the Trump economic plan. Just like in his presidency, Trump plans to reduce taxes even more, which could help those on social security and those who make their income from tips. The question is, will this loss of tax revenue put too much of a dent in our government’s budget and push us further into a deficit? Could Trump’s pro-tariff stance help stimulate local manufacturing and increase tax revenue from imported goods? We’re answering it all on this BiggerNews!
In This Episode We Cover
Trump vs. Harris’ economic plans explained and how they may affect investors
More affordable housing and Harris’ call to build millions of more housing units
Trump’s plan to push foreign goods out of the US with higher import tariffs
Rolling back Trump’s tax cuts and how Harris could increase taxes on corporations and high-earners
Social security income and the benefit (but high cost) of lowering taxes on it
How both of these plans could affect the national budget deficit
And So Much More!
Links from the Show
Stay Updated on Investing News with the BiggerPockets Blog
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Let Us Know What You Thought of the Show!
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Naroff Economics
How the Financial Policies of Trump and Harris Could Impact Real Estate Investors
Grab Dave’s Latest Book, “Start with Strategy”
Jump to topic:
00:00 Intro
01:52 Election Economics
03:42 Harris’ Plan
8:38 More Affordable Housing?
12:16 Higher Taxes?
15:10 Trump’s Plan
19:11 More Social Security Income?
21:47 Eliminating Taxes on Tips
24:22 National Budget Deficit
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One startup is aiming to end traditional real estate commissions for good. Jobs numbers get their most significant downgrade in over a decade, forcing the Fed to rethink its rate-cutting schedule. And if that wasn’t enough, home sales fell in a historically hot month of the housing market. But are the expert investors worried? In this headlines episode, we’re sharing the latest news affecting the housing market and what YOU can do now to still make money in real estate, no matter the headline hype.
First, we’re talking about the latest home sales numbers. With a slow summer homebuying season, we may return to a “balanced” market where investors can thrive if they know what they’re doing. What could bring more demand to the market? Lower mortgage rates. And with the latest revision on job numbers, downgrading job growth significantly, the Fed may be forced to pivot and make bigger moves when cutting rates. Will it happen?
Lastly, we’ll discuss the new state of real estate agent commissions. After the groundbreaking NAR lawsuit that put agent commissions in limbo, a new startup has set out to offer flat-fee real estate agent services in an à la carte fashion. Will paying just a few hundred dollars get you the level of agent experience you need to close better real estate deals? We’re discussing it all in this episode!
In This Episode We Cover
The new real estate startup that could put traditional agent commissions in jeopardy
What investors should know as home sales drop and whether it's an opportunity
Planning for mortgage rates to fall and how to build in more investing upside if they do
The latest job numbers REVISION putting our economy in a different spot than we thought
Whether or not the Fed will change course now that job numbers don’t look as strong
And So Much More!
Links from the Show
Join the Future of Real Estate Investing with Fundrise
Join BiggerPockets for FREE
Find an Investor-Friendly Agent in Your Area
See James, Kathy, and Henry at BPCON2024 in Cancun!
Henry's BiggerPockets Profile
James' BiggerPockets Profile
Kathy's BiggerPockets Profile
The NAR Will Eliminate 6% Commission Standards and Pay $418 Million in Damages After Settling Lawsuit
Two Things The Latest Home Sales Numbers Say About The Real Estate Market
U.S. job growth revised down by the most since 2009
After winning a landmark case against real estate agents, this startup aims to replace them with a flat fee
Economic Confidence Up Slightly in August
Pre-Order Kathy’s New Book “Scaling Smart”
Jump to topic:
00:00 Intro
01:15 Home Sales, Prices Drop
11:15 Planning for Rates to Fall
17:33 Job Numbers Get Revised
28:07 Agents Go Flat-Fee
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Recession fears are increasing. The stock market has taken substantial hits, housing inventory is climbing, and bank account balances are starting to fall. So, with more economic turmoil, we have to ask: will the housing market crash? And if we get a housing market crash, how bad (or good) will it be for investors? Could we see a 2008-style selloff, or should we be more prepared for small dips worth taking advantage of? Today, we’re asking two top investors these questions, one of whom literally wrote the book on Recession-Proof Real Estate Investing.
J Scott and James Dainard join us on today’s episode to discuss market crash predictions, scenarios, and opportunities for real estate investors. Both J and James experienced the 2008 housing market crash—an economic event almost impossible to forget. But is 2024 shaping up for a sharp decline like 2008, or will we simply see a slower real estate market like most people had expected when interest rates began to rise?
If the market DOES crash, what should you look for to take advantage, and how do you ensure you don’t get caught biting off more than you can chew? J and James break down their game plans if prices fall and why buying now could set you up for wealth ten years from now, IF you can handle the “fear” of buying when others are running from real estate.
In This Episode We Cover
New housing market “crash” predictions and how low prices could go
Why economic “fear” is rising now, and the recession indicators that are going off
Rising housing inventory and why experienced investors expected this already
The difference between the 2008 housing market crash and today
What could cause a housing crash and how to know it’s time to buy
The immense opportunities for investors that 99% of Americans will pass up
And So Much More!
Links from the Show
Join BiggerPockets for FREE
Let Us Know What You Thought of the Show!
Find Investor-Friendly Lenders
See Dave and James at BPCON2024 in Cancun!
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J's BiggerPockets Profile
Why Has the Housing Market Not Crashed in Over 15 Years?
Grab J’s Book “Recession-Proof Real Estate Investing”
Jump to topic:
(00:00) Intro
(04:01) New Recession Fears
(14:25) Is This Like 2008?
(18:05) What Will Cause a Crash
(31:11) What to Do During a Crash
(36:56) Opportunity for Investors
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Are we in a recession? A lot of people certainly think so. After a surprisingly accurate recession indicator went off weeks ago, more and more Americans have begun to believe that we’re already facing an economic downturn. The problem? We rarely know we’re in a recession until we’re out of one. So, how can we be sure we’re in a recession and not just seeing a boomerang effect from the hot post-pandemic economy?
For many Americans, it sure FEELS like a recession. Unemployment has gradually increased, the cost of living has risen significantly over the past few years, and men may be buying fewer pairs of underwear (that’s actually a recession indicator). So, if we are in a recession, what should real estate investors do now to prepare so they don’t get the rug pulled on them before it’s too late? Do you sit tight or start contemplating selling properties?
Dave, Henry, and Kathy all share what they’d do in a recession, the not-so-obvious signs of a recession (or a recession in your specific industry), and whether or not they believe we’ll be in a recession over the next year. If the worst has yet to come, you’ll be able to spot the signs of a coming recession after this episode.
In This Episode We Cover
Whether or not we’re in a recession right now (and signs of one)
The one recession indicator going off that’s pointing to an economic downturn
Signs that we’re already in a recession and what we would do during one
How to deleverage yourself from riskier properties if the economy starts to slow
Whether or not a recession is still in the cards over the next year
Why it may be time to start saving once your husband/brother/nephew stops wearing new underwear
And So Much More!
Links from the Show
Join the Future of Real Estate Investing with Fundrise
Join BiggerPockets for FREE
Find an Investor-Friendly Agent in Your Area
See Dave at BPCON2024 in Cancun!
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Kathy's BiggerPockets Profile
On The Market 238 - Recession “Yellow Flags” Emerge as Unemployment Metric Rises
Get Your BPCon2024 Tickets!
59% of Americans wrongly think the U.S. is in a recession, report finds
Grab the Book “Recession-Proof Real Estate Investing”
Jump to topic:
00:00 Intro
03:08 Is This Time Different?
04:26 Recession Indicators
09:21 What Does “Recession” Mean?
20:15 What to Do During a Recession
27:38 Are We in a Recession?
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Mortgage rates are falling, but the Fed hasn’t made any rate cuts yet. What’s the deal? We’re explaining it all in this August mortgage rate update with repeat guest and lender-friend of the show, Caeli Ridge. Caeli fills us in on today’s mortgage interest rates, why rates are moving without any federal funds rate cuts happening, what could cause rates to go even lower, and whether paying points on your mortgage makes sense in the current market.
Good news for investors: interest rates are getting into the high sixes for some rental property loans, but lower rates aren’t always a good thing. With the economy slowing down and inflation (thankfully) seeing some significant progress, unemployment is rising, and better interest rates may come at the cost of a worse economy. But this isn’t a surprise, no matter how unfortunate it is for many workers in today’s market.
We’re getting Caeli’s take on the Fed’s next moves, today’s mortgage rates, and what’s in store for future rates. This is crucial commentary from a lender working on loan products for investors in today’s exact interest rate environment, and hearing her may change your next investing move. Dave also gives his opinion on the mortgage rates we could expect to see next year and whether buying or refinancing even makes sense now.
In This Episode We Cover
August 2024 mortgage rate updates and where investor interest rates are right now
Why mortgage rates have been falling WITHOUT the Fed lowering their rates
Paying mortgage points and whether or not it’s worth it if rates are continuing to fall
The BIG uptick in refinancing and purchasing activity since rates began to fall
Where Dave thinks mortgage rates could be next year
And So Much More!
Links from the Show
Join the Future of Real Estate Investing with Fundrise
Join BiggerPockets for FREE
Find Investor-Friendly Lenders
See Dave at BPCON2024 in Cancun!
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Caeli's BiggerPockets Profile
With Mortgage Rates Falling, When Should Investors Refinance?
Get Dave’s Mortgage Point Calculator
Analyze Real Estate Like a Pro with “Real Estate by the Numbers”
Jump to topic:
00:00 Intro
00:54 Mortgage Rate Update
04:43 Powell Talks, Rates Change
09:19 Bad News if Rates Fall
10:27 What Else Affects Rates
14:04 “Points Options” Improve
15:47 Advice for Investors
18:20 Dave’s Take on Future Rates
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Kamala Harris has a plan to make it easier for first-time homebuyers to buy a house, but it comes at the expense of institutional investors. Eviction filings surge throughout the Sunbelt states, EVEN as apartment rent prices fall across all bedroom counts. And could commercial real estate’s struggles lead to you paying even higher property taxes? We’re getting into it all in today’s headlines show!
First, we’re talking about Kamala Harris’ new proposal to kick Wall Street out of the single-family homebuying arena, potentially opening up space for first-time homebuyers to finally break out of renting. The proposal sounds promising, but is it too late to actually impact today’s housing market when institutional investors take up such a small amount of the single-family supply? We’re giving our takes on the new proposal.
Apartment rent prices fall across all bedroom counts for the first time in years. But, even with seemingly improving rent affordability, eviction filings have surged across the South. Even with the rent drops, are tenants simply unable to pay such high prices for everything, rent included, in 2024? Lastly, we’re talking about how the decline in commercial real estate and office space has led to cities increasing property taxes, and by no small amount.
In This Episode We Cover
Whether Kamala Harris’ anti-Wall Street ownership proposal could work for homebuyers
Why apartment rent prices are falling, and whether or not this will continue
Single-family rents and why we AREN’T noticing them fall too
The real reason evictions have seen such a spike across the Sunbelt states
Commercial real estate-caused property tax hikes happening in THESE cities
And So Much More!
Links from the Show
Join the Future of Real Estate Investing with Fundrise
Join BiggerPockets for FREE
Property Manager Finder
See Dave at BPCON2024 in Cancun!
Dave's BiggerPockets Profile
James' BiggerPockets Profile
Kathy's BiggerPockets Profile
How the Financial Policies of Trump and Harris Could Impact Real Estate Investors
Kamala Harris wants to stop Wall Street's homebuying spree
Asking Rents Fall Across All Bedroom Counts for First Time in 4 Years
Evictions Surge in Major Cities in the American Sunbelt
How much do downtown real estate losses lead to property tax hikes?
Grab Dave’s Newest Book, “Start with Strategy”
Jump to topic:
(00:00) Intro
(01:45) Harris’ New Homebuying Proposal
(16:41) Rent Prices Fall
(25:40) Evictions Surge in Sunbelt States
(36:13) CRE-Caused Property Tax Hikes
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New “broker fee” reform could help tenants save thousands of dollars when finding their next apartment or home to rent, but it could come at a significant cost to landlords. In big cities like Boston and New York, it’s not unusual for landlords to hire a broker to help bring in more potential tenants. The problem is that, unlike the rest of the United States, landlords in these cities DON’T have to pay the broker—the tenant does.
But this isn’t some small fee. These broker fees range from eight to fifteen percent of the annual rent, and in pricey Boston or New York City, that could mean thousands of dollars in fees to move into a new place. We brought on StreetEasy Senior Economist Kenny Lee to explain why this antiquated system is still in place and whether or not the reform will go through and help renters.
What are the economic implications for the rental market if these reforms are passed? Will this help renters, landlords, or both, and could it actually increase competition in already competitive markets by lowering the barrier to entry for finding a new rental?
In This Episode We Cover
Boston and NYC’s “broker fees” explained and why they’re so different from the rest of the US
How the broker fee reform could change the rental market in big cities
The cost of moving and how high broker fees restrict renters who are already struggling
What broker fee reform could do to rental property demand in these big cities
Broker fee negotiation and what the future looks like for landlords who have to pay these finder’s fees
And So Much More!
Links from the Show
Join the Future of Real Estate Investing with Fundrise
Join BiggerPockets for FREE
Find an Investor-Friendly Agent in Your Area
See Dave at BPCON2024 in Cancun!
Dave's BiggerPockets Profile
New York City’s Real Estate Brokerages Could Be Destroyed By a New Law
Connect with Kenny
Grab Dave’s Newest Book, “Start with Strategy”
Jump to topic:
(00:00) Intro
(02:22) Tenants Forced to Pay Fees
(05:18) Why in NYC?
(08:47) New Reform to Help Renters
(12:09) Will This Change the Rental Market?
(15:16) Better for Everyone?
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-244
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We’re currently in a home insurance crisis. Everyone (except for Henry, apparently) is feeling the sting of home insurance prices rising significantly year after year. Some investors have seen their homes’ insurance costs double or triple over a few years. This is making it harder not only to protect your property but also to keep your cash flow. What do you do, and can anyone save us from this home insurance crisis?
Today, we’re discussing something too big to ignore: your home insurance bill. Premiums are rising fast across coastal states and are starting to creep inland. In this episode, we’re talking about why home insurance prices have gone up so much and so quickly, the state governments actively working to get premium prices down, and what investors MUST do now to limit the price hikes coming down the road.
We’re also exploring state-offered insurance programs that help homeowners whose policies have been dropped. Can the government come in and fix our insurance premium problems before it’s too late, or will rising prices lead to home price corrections as affordability suffers?
In This Episode We Cover
2024’s home insurance crisis and why premium prices are rising so fast
The states with the highest risk of insurance price hikes and what’s causing them
Government intervention and how some states are trying to limit rising prices
Whether or not higher insurance prices will cause home prices to correct in at-risk areas
What investors must do NOW to keep their insurance premiums reasonable
Whether people will start fleeing states with the highest insurance costs and move to more affordable areas
And So Much More!
Links from the Show
Join the Future of Real Estate Investing with Fundrise
Join BiggerPockets for FREE
Find Investor-Friendly Lenders
See Dave at BPCON2024 in Cancun!
Dave's BiggerPockets Profile
Henry's BiggerPockets Profile
Kathy's BiggerPockets Profile
On The Market 218 - These “Subtle Risks” Could Have Astronomical Impacts on Real Estate Expenses w/John Sheffield
Learn How to Run the Numbers BEFORE You Buy with Dave’s Book “Real Estate by the Numbers”
Jump to topic:
(00:00) Intro
(02:52) California Wildfires
(06:03) Where Insurance Isn't Exploding
(08:48) Why Insurance Prices are Rising
(10:38) State Regulations Limit Price Hikes
(13:38) Check Your Policy NOW
(19:07) Effects on Home Prices
(23:44) Should the Government Step In?
(31:51) What Should Investors Do?
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A couple of years ago, everyone was expecting an “Airbnbust,” where short-term rental investments would sit vacant, hosts would be forced to sell, and hotels would take the reigns as the leaders in hospitality. But that didn’t (exactly) happen. Instead, we got a slightly slower short-term rental market with fewer bookings, some more supply, and a slight dip in revenue for hosts. The short-term rental market is now reaching “equilibrium,” and demand is returning. So, what do hosts need to know now?
Jamie Lane from AirDNA, the leading global short-term rental data and analytics company that tracks every listing on the market, is here to give us a mid-year update. Jamie talks about how the short-term rental market is returning to normal, why demand is starting to shoot back up all while prices are dropping, and the “cracks in the system” that could point to future short-term rental weakness.
He points out the short-term rental markets with the most growth potential, the oversupplied ones seeing drops in demand, and why the European Airbnb scene, even with its regulations, is exploding. Plus, he’ll share the amenities and policy changes you can make NOW to get more bookings and what to look for BEFORE you buy in a new market.
In This Episode We Cover
A 2024 short-term rental market update (supply, demand, pricing, and threats)
The short-term rentals seeing the least demand, and why this may be worrying for hosts
“Fringe” markets that are performing even better than the traditionally popular markets
Why hosts are seeing a drop in revenue and the markets with weak demand
International travelers returning and the minor tweaks you can make to get more bookings
Jamie’s forecast for the rest of the year and why he predicts demand will rise this fall
And So Much More!
Links from the Show
Get the Short-Term Rental Furnishing List
Join the Future of Real Estate Investing with Fundrise
Join BiggerPockets for FREE
Find an Investor-Friendly Agent in Your Area
See James and Kathy at BPCON2024 in Cancun!
#Airbnbust One Year Later: Did the Short-Term Rental Industry Ever Collapse?
James' BiggerPockets Profile
Kathy's BiggerPockets Profile
Grab the Book, “Short-Term Rental, Long-Term Wealth”
Jump to topic:
(00:00) Intro
(01:43) 2024 Short-Term Rental Update
(04:56) "Cracks" Start to Form
(07:24) Markets with Growing Demand
(11:07) Markets to Be Cautious Of
(15:52) International Travelers Return
(21:20) Must-Have Amenities/Policies
(24:10) 2024 Predictions
(25:59) How to Set Your Prices
(28:25) Why Nightly Rates Are Falling
(29:55) Growing STR Markets
(32:19) Everyone's Going to Europe!
(36:40) Best Opportunities for Investors
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-242
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Why are developers ditching California NOW? Is commercial real estate still struggling, and what’s up with all those empty office buildings all over town? Does it seem like everyone is overpaying for properties nowadays? It’s not just you; we’ve been seeing it, too, but there’s a reason why they’re doing it. Today, we’re touching on hot topics from the BiggerPockets Forums and giving our takes on what investors are seeing in today’s housing market.
First, everyone has another reason to bag on California real estate as developers decide to move out of the state, thanks to rising construction costs, long permitting times, and bureaucratic inefficiencies. But in a state with such massive appreciation and high rents, is it really the right move to make?
Next, we’re back to the commercial real estate crash, specifically, the office investing space crash, as more and more buildings sit vacant. There’s one way to solve this, and doing so could make you a LOT of money. Who’s got the guts (and the money) to make something out of all those empty offices? Finally, we’re discussing WHY investors commonly overpay for properties and how they may be making money EVEN when you think their offers are ridiculous.
Do you have an investing question? Ask it on the BiggerPockets Forums!
In This Episode We Cover
The developer departure from California and why builders are ditching the Golden State
Changing regulations and how it’s getting harder to build rental units
Office space’s continued struggles and the one way investors can solve this problem
Overpaying for properties and why investors commonly offer over the ARV (after repair value)
How to audit your construction/renovation costs to know if you’re throwing away money on your rehabs
And So Much More!
Links from the Show
Ask Your Question on the BiggerPockets Forums
Join the Future of Real Estate Investing with Fundrise
Join BiggerPockets for FREE
Find an Investor-Friendly Agent in Your Area
See Henry, James, and Kathy at BPCON2024 in Cancun!
Henry's BiggerPockets Profile
James' BiggerPockets Profile
Kathy's BiggerPockets Profile
A New California Law Just Increased Regulations On Home Flippers
Real Developers Leaving California
What Does the Future Hold for the Office Market?
So many value add buildings selling at higher total project cost then ARV
Grab Henry’s New Book “Real Estate Deal Maker”
Jump to topic:
(00:00) Intro
(01:14) Investors Quit on California
(10:11) CRE Continues to Suffer
(19:28) Overpaying for Properties?
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-241
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For the past 999 episodes of the BiggerPockets Real Estate Podcast, we’ve heard stories from investors who have achieved financial freedom through rental property investing. However, when we started this podcast in 2013, it was a different time. The housing market had crashed just years earlier, prices were still recovering, and cash flow was abundant in many markets. But things have changed, and now we’re changing, too. Welcome to our 1,000th episode and your first look at the new BiggerPockets Real Estate Podcast.
We’re getting back to the basics, sharing investor strategies that work in today’s market and showcasing the data investors need to know now so they can reach financial freedom faster. Our first guest on this new wealth-building journey is Scott Trench, CEO of BiggerPockets and rental property investor.
Today, we ask Scott, “Is financial freedom still possible through real estate, and if so, how do investors achieve it in this housing market?” Scott shares what both beginner and experienced investors must do now to reach financial freedom, who should even be investing in the first place, and the best beginner investment EVERYONE listening to this should be taking full advantage of.
Ready to start building your path to financial freedom today? The BiggerPockets Real Estate Podcast is the best place to be!
We also want to thank David Greene and Rob Abasolo for their massive contributions—David Greene for nearly 7 years as a host and co-host of the podcast, and Rob Abasolo for many of the past 250 episodes. They did a fantastic job building on the foundations poured by our Founder, Josh Dorkin, and Brandon Turner and continued the work of changing millions of lives.
While we had hoped that Rob and David would continue to stay on as hosts in this rotational capacity, we completely understand their desire to move on to their next adventures, and wish them success in those endeavors, knowing that they will continue to change many lives with their thought leadership. We wish them the best of luck in their next endeavors.
In This Episode We Cover
The new BiggerPockets Real Estate Podcast and what we’re changing starting today
Whether you can still achieve financial freedom through real estate in 2024
The best beginner strategy to start building wealth, EVEN with little money
Who should begin investing in real estate and whether you have what it takes
The problem with “passive income” and why hands-on rentals beat it
Investing in affordable markets and who should start with out-of-state investing
How you can become a millionaire without having a huge rental portfolio
And So Much More!
Links from the Show
Find Your Next Investing Market with BiggerPockets Market Finder
Join BiggerPockets for FREE
Let Us Know What You Thought of the Show!
Find an Investor-Friendly Agent in Your Area
See Dave and Scott at BPCON2024 in Cancun!
BiggerPockets Real Estate Podcast 1 - Building a Successful House Flipping Business and Losing Millions with Marty Boardman
Dave's BiggerPockets Profile
Scott's BiggerPockets Profile
How the “Middle-Class Trap” Stops Your Early Retirement
Lend to Live
Millions of Americans Should Keep Their Homes as Rentals, Not Sell. Here’s Why.
On the Market Podcast
Yes, I’m Afraid of a Real Estate Bubble—But I Continue to Invest Anyway. Here’s Why.
Grab Scott’s Book, “Set for Life”
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-240
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Why is everyone ignoring this one severe housing market trend, what does a 2008 crash predictor think will happen in 2025, and why are homes starting to sit longer on the market, even with mortgage rates starting to fall? Are all the headlines pointing to housing market havoc or a return to normalization where homes aren’t flying off the market like they were just a few years ago? We’re getting into it all in this headlines episode as we touch on four of the top housing market stories from this week and give our opinions on whether they’re hype or not.
First, a market-shifting trend has substantial side effects on the housing market. We’ve talked about this before, but many homebuyers are overlooking it. This trend could push people out of once-popular housing markets and into underrated areas that boast far more future-proofed benefits. What’s the trend we’re talking about? Tune in to find out!
We’re also discussing the increase in average days on market (DOM), why homes are sitting for longer, and whether this is something to be concerned about. Think moving to Washington, Texas, or Florida will save you money due to no income taxes? Think again because there are some serious downsides to no-income-tax states most investors don’t think about. Finally, we’re analyzing a 2008 crash predictor’s 2025 forecast—could he be right again?
In This Episode We Cover
The one housing market trend hiding in plain sight that could become a considerable issue soon
A 2008 crash predictor’s take on the 2025 housing market and whether home prices will decline
Why so many people are reversing on the “great reshuffling” and moving away from sunny states
A sizable bump in homes sitting on the market and why it’s taking longer to sell
The serious downsides of buying/investing in a no-income-tax state
And So Much More!
Links from the Show
Join the Future of Real Estate Investing with Fundrise
Join BiggerPockets for FREE
Find an Investor-Friendly Agent in Your Area
See Henry, James, and Kathy at BPCON2024 in Cancun!
Henry's BiggerPockets Profile
James' BiggerPockets Profile
Kathy's BiggerPockets Profile
BiggerPockets Real Estate 895 - BiggerNews: How Climate is Exploding Insurance, Building, and Investing Costs
A market-shifting real-estate trend is hiding in plain sight
Nearly Two-Thirds of Home Listings Have Been Sitting on the Market Longer Than a Month As Buyers Grapple With High Costs
U.S. States With No Income Tax Aren’t as Affordable as You Might Think
Housing analyst who predicted the 2008 home price crash weighs in on the current market
Grab Henry’s New Book, “Real Estate Deal Maker”
Jump to topic:
(00:00) Intro
(02:01) A Market-Shifting Trend
(08:40) Average Days on Market Expand
(18:12) Downsides of No Income Tax
(27:53) 2008 Predictor’s New Forecast
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-239
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected].
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One of the most reliable recession indicators, the “Sahm Rule,” just issued a “yellow flag” for the economy. Even now, with low unemployment, high spending, and overall economic growth, we aren’t protected from a recession or economic downturn. Will the US economy be able to dodge this recession, and will the Fed be fast enough to save us from falling into a state of high unemployment and meager economic growth?
The Washington Post’s Heather Long joins us to share the latest data on the labor market, unemployment rate, Fed rate cuts, and why this particular recession indicator is going off now. First, we talk about why there is so much positivity in the job market and why most people won’t notice the cracks starting to form. With tech jobs getting slashed and government jobs growing, are we moving in the right direction?
Heather also explains a strong recession indicator, the “Sahm Rule,” and why it’s throwing up a “yellow flag” warning even with the hot job market. Finally, we’ll touch on interest rates, whether the Fed will actually come through with a rate cut this year, and how fast future rate cuts could come after the first.
In This Episode We Cover
The unemployment-based recession indicator that’s throwing up “yellow flags”
Which industries are hiring and which are firing in 2024
What the “unemployment rate” really means, and why most people get this wrong
Immigration’s HUGE effect on unemployment and how it may be skewing the numbers
The Fed’s tricky decision to make and whether rate cuts could help this situation
And So Much More!
Links from the Show
Join the Future of Real Estate Investing with Fundrise
Join BiggerPockets for FREE
Find Investor-Friendly Lenders
See Dave at BPCON2024 in Cancun!
Dave's BiggerPockets Profile
On The Market 168 - How to Prepare for a Recession in 2024
Real-time Sahm Rule Recession Indicator
Read More from Heather
Grab the Book, “Recession-Proof Real Estate Investing”
Jump to topic:
(00:00) Intro
(01:06) Good Time to Get a Job?
(04:50) Unemployment Rate Explained
(07:59) Who's Losing Their Job?
(10:21) Recession "Yellow Flags" Emerge
(16:56) Immigration's Huge Effect
(21:05) Spending Still Going Strong?
(24:16) The Fed's Rate Cut Plans
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-238
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A new nationwide rent control proposal could cap rent increases for any landlord with a certain amount of properties. But will it actually pass? How would landlords survive when rents can only marginally increase each year while expenses continue to see double-digit percentage price growth? We’re getting into this story and a few more hard-hitting housing market headlines on today’s episode!
First, we’re talking about the new rent cap proposal coming straight from The White House. This could significantly affect anyone who owns a large real estate portfolio or plans to in the future. Is this proposal merely a grab for votes, or could it actually come to fruition? Next, great news for homebuyers, as mortgage rates fall once again, all while completed homes see a sizable boost. Is this a sign that a healthier housing market is to come?
Why are international buyers fleeing the US housing market? Could this end up helping first-time homebuyers who have to fight off less competition? Finally, we talk about the twenty hottest housing markets that are seeing a BIG increase in home viewership. If you own a home in one of these markets, it might be time to consider selling.
In This Episode We Cover
The newest rent cap proposal that could stop landlords from raising rents higher than five percent each year
Mortgage rates drop again, but are more rate cuts coming this year?
Increased housing inventory and signs of a healthier housing market forming
Why international homebuyers have had a significant pullback from the US housing market
The hottest markets in America and whether homeowners here should consider selling
And So Much More!
Links from the Show
Join the Future of Real Estate Investing with Fundrise
Join BiggerPockets for FREE
Find Investor-Friendly Lenders
See Henry, James, and Kathy at BPCON2024 in Cancun!
Henry's BiggerPockets Profile
James' BiggerPockets Profile
Kathy's BiggerPockets Profile
Biden Proposes Rent Increase Limits, With Penalties for Landlords Who Don’t Listen
White House Plan to Limit Rent Increases Nationwide Reignites Debate
Housing Market Gets Back-to-Back Good News
Here's why international buyers are pulling way back from the U.S. housing market
If You Live in One of These 20 Housing Markets, Consider Selling While It’s Still Hot
Grab Henry’s Newest Book, “Real Estate Deal Maker”
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-237
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected].
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For the past four years, everyone, and we mean everyone, has been doing some form of home improvement. All your friends are redoing their kitchens, your spouse keeps asking when you can renovate the bathrooms, and your best friend just built their dream home office with—don’t get too excited—recessed lighting. This was the home renovation boom of the decade, and now, we could be at the tail end of it.
With home improvement spending starting to dip, interest rates keeping homeowners from big projects, and labor costs still sky-high, what happens when enough demand leaves the market? Do material prices fall as manufacturers try to lure homeowners back in? Will labor costs soften with contractors waiting for work? We brought on The Wall Street Journal’s Ryan Dezember to get some answers.
In today’s show, we discuss the boom and bust of lumber prices, why home renovations are starting to stall, what impact this could have on materials, and whether or not the home improvement spree will pick back up as new construction starts decline. If you’re planning a home renovation, you'll want to hear this episode before you begin.
In This Episode We Cover
An update on the home renovation industry and why demand is shrinking
Labor costs and the factory-building boom that’s taking away all the contractors
The surprisingly old age of most American homes and why so many renovations happened
High interest rates and their effects on home improvement project spending
Whether or not we’re already in the home renovation “slowdown” and what could happen next
And So Much More!
Links from the Show
Join the Future of Real Estate Investing with Fundrise
Join BiggerPockets for FREE
Find Investor-Friendly Lenders
See Dave at BPCON2024 in Cancun!
Dave's BiggerPockets Profile
James' BiggerPockets Profile
BiggerPockets Real Estate 514 - How Small Landlords Can Beat the Hedge Funds
This Could Be the Year the Home-Improvement Boom Fizzles Out. Here's Why.
Deck Maker’s $450 Million Bet on America’s Renovation Boom
Grab “The Book on Estimating Rehab Costs”
Jump to topic:
(00:00) Intro
(02:36) The Home Renovation Boom
(06:58) The Labor Shortage Explained
(10:51) Which Costs Are Rising the Most?
(14:44) High Rates Curb Demand
(20:20) More Supply, Lower Prices?
(25:59) Home Renovation Predictions
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-236
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Airbnb bans escalate, a “tsunami” could be coming for this real estate niche, and “sinking” cities lead to skyrocketing insurance prices. The housing market changes every week, so we’re here to break down the headlines and sift through the hype so you know what could impact YOU. Dave Meyer and the entire On the Market panel are here to discuss four of the top real estate-related news stories from this week.
First, we discuss the commercial real estate credit crunch that could cause a “tsunami” in the office investing space. Next, one major European city will ban Airbnb by 2028 in an effort to give locals a better chance at buying their first home. Will it work, or is it just a move to get more votes? With the dust of the NAR settlement settling, homebuyers could face thousands in fees to work with an agent, but will this stop homebuying?
Before we go over our last headline, make sure you’re standing on solid ground because “sinking” cities are becoming the new norm. Is your home slowly sliding off a cliff? If so, your insurance costs could be rising even higher. We’ll get into this story and the rest of the relevant real estate news on this episode!
In This Episode We Cover
A world without Airbnb and whether the newest ban could actually help homebuyers
Another “tsunami” coming for real estate and whether there’s truth behind the hype
Private equity’s new plan to gobble up even more real estate as one niche suffers
More fees for homebuyers as agent commissions change, but will this have to be paid out of pocket?
“Sinking” cities causing rising insurance costs and sliding home values
And So Much More!
Links from the Show
Join the Future of Real Estate Investing with Fundrise
Join BiggerPockets for FREE
Find an Investor-Friendly Agent in Your Area
See Dave, Henry, James, and Kathy at BPCON2024 in Cancun!
Dave's BiggerPockets Profile
Henry's BiggerPockets Profile
James' BiggerPockets Profile
Kathy's BiggerPockets Profile
On The Market 201 - Breaking: NAR Settles for $418M, Buying and Selling Homes Could Change Forever
The commercial real estate credit crunch: ‘There’s a tsunami coming’
What does a world without Airbnb look like?
First-Time Homebuyers Could Face Thousands in New Costs Following NAR Settlement
U.S. cities are sinking. Here’s what that means for homeowners
Grab Dave’s Newest Book, “Start with Strategy”
Jump to topic:
(00:00) Intro
(01:47) A “Tsunami” Coming?
(12:47) The Airbnb Bans Begin
(21:22) New Fees for Homebuyers?
(28:20) Cities Are Sinking
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-235
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected].
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We might have just found the most under-the-radar real estate market of 2024. It’s got jobs, appreciation potential, and affordable homes, and it’s growing…fast! The best part? We’re not sure anyone has ever talked about this specific market, so we’re going to be the first. But you had better be fast; most investors might start looking up homes for sale in this market after this episode! Which market are we talking about, and why are we so excited? We’ll share all the details in today’s show!
We’ve asked the entire On the Market panel to each bring “under-the-radar” real estate markets to share on today’s show. Many of these markets are small(er) towns but boast some HUGE investing benefits you won’t find in big cities or the already-hyped areas. From Midwest cash flow to Southern healthcare hotspots and one town that our panel gets VERY excited about, any of these markets could help you build wealth WITHOUT having to fight off competition from other buyers.
If you’re still looking for an investing market, check out our new tool, Market Finder! Dave and his team designed this tool to help you easily identify your next market to invest in! Once you’ve found a market, check out properties with our Deal Finder tool!
In This Episode We Cover
Four of our favorite “under-the-radar” real estate markets nobody is talking about
The TINY town that could see massive growth as one huge employer makes big moves
The cash-flowing Midwest city with rock-bottom unemployment and strong rent growth AND appreciation
The small town in Texas that Kathy personally picked for her new build-to-rent investments
Why medium-term rentals and assisted living facilities could see BIG returns in this healthcare hotspot
And So Much More!
Links from the Show
Join the Future of Real Estate Investing with Fundrise
Find Your Next Investing Market with BiggerPockets Market Finder
Get Your Next Deal Faster with BiggerPockets Deal Finder
Join BiggerPockets for FREE
Find an Investor-Friendly Agent in Your Area
See Dave, Henry, James, and Kathy at BPCON2024 in Cancun!
Dave's BiggerPockets Profile
Henry's BiggerPockets Profile
James' BiggerPockets Profile
Kathy's BiggerPockets Profile
8 “Under the Radar” Housing Markets With Low Prices and High Cash Flow
Buy Henry’s Newest Book, “Real Estate Deal Maker”
Jump to topic:
(00:00) Intro
(03:03) 1. Underrated Midwest Market
(09:33) 2. Small Town Texas Investing
(18:50) 3. Southern Healthcare Hotspot
(27:47) 4. Best Market Ever?
(36:22) Our Favorite Markets
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-234
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected].
Learn more about your ad choices. Visit megaphone.fm/adchoices - Visa fler
