Episodes
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Did economic sentiment decide the 2024 presidential election? For many Americans, the economy was top of mind when deciding who to vote for in this past election. With inflationary worries, high home prices and mortgage rates, and general unaffordability, many Americans chose President-Elect Trump to turn the economy around. So, what does the housing market look like under Trump’s economy? And how will proposed changes (like tariffs) influence home prices?
Matthew Walsh from Moody’s Analytics is on to give us some context about consumer sentiment, future home prices and mortgage rates, and what tariffs mean for the average American. Matthew brings up a good point: Even with inflation steadily declining, most Americans are still experiencing sticker shock due to our constant comparison of pre-pandemic pricing. Even with the economy doing well, it’s easy to understand why Americans feel in a worse spot than five years ago.
So, with inflation cooling, will housing affordability catch up? A big part of affordability is mortgage rates, and with the Fed cutting rates, are we on the cusp of a return to (somewhat) normalcy? Matthew shares the shocking statistic on what mortgage rates would have to be for us to reach 2019 levels of affordability. Finally, we’re talking about tariffs and how higher prices for homebuilding could translate to your final home price.
In This Episode We Cover
Consumer sentiment and how American finances influenced the 2024 presidential election
How low mortgage rates would have to go for us to get back to 2019 affordability levels
What Trump’s tariff proposal means for homebuilders and home prices
Moody’s 2025 and 2026 home price appreciation forecast
Why mortgage rates aren’t falling even after the Fed lowered their federal funds rate
And So Much More!
Links from the Show
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Opinion: There Could Be Financial Risks Under a Trump Presidency—Here’s How to Hedge Against Them
Moody’s Analytics
Grab Dave’s New Book, “Start with Strategy”
Jump to topic:
(00:00) Intro
(01:18) Consumers Are Anxious
(04:02) The Inflation "Disconnect"
(11:50) Will Homes Ever Be Affordable Again?
(14:40) Home Prices Could Stagnate
(22:28) The Tariff Effect
(29:14) Still Undersupplied in 2025?
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Has the Federal Reserve gone too far? Many Americans are critical of the Fed’s move to raise interest rates sharply, pause for years, and then slowly start implementing rate cuts. The arguably most prominent critic of the Fed? President-Elect Donald Trump, who, shortly after nominating the current Fed chair, Jerome Powell, reversed his opinion on whether Powell was the right person for the job.
Now, with Trump coming back to the White House, Powell’s job hangs in jeopardy—or does it? Can a President fire the Fed chair? Does the President have the authority to influence how the Fed operates? What would happen if Trump decided to go after Powell and request his resignation? Nick Timiraos, reporter at The Wall Street Journal and Federal Reserve expert, is on to answer these questions.
Nick gives us the latest update on rate cuts, where the Fed is headed, how the future of the Fed looks with Trump back in office, and why some politicians champion “Fed Independence,” while others argue that Fed power has overstepped its bounds. Are Trump and Powell more aligned than they think, and is this government drama all talk? We’re getting Nick’s expert viewpoint on it all.
In This Episode We Cover
Why “Fed Independence” could actually be a crucial piece to keeping the economy stable
Whether or not Trump has the authority to fire and replace a Fed chair
Future rate cuts, inflation concerns, and the Fed’s latest “signal” on rates
Powell’s simple response when asked if he would resign because of Trump’s request
Why the Fed does NOT have to answer to the President (and is this a good thing?)
Trump’s proposed tax and tariff policies and why they could challenge the Fed
And So Much More!
Links from the Show
Join the Future of Real Estate Investing with Fundrise
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Trump May Consider Shaking Up the Federal Reserve If Elected—Here’s What That Could Look Like
Nick’s WSJ Articles
Grab Dave’s New Book, “Start with Strategy”
Jump to topic:
(00:00) Intro
(00:32) Latest Fed Meeting Update
(02:21) More Rate Cuts Coming?
(04:23) Can Trump Change the Fed?
(08:02) Is the Fed Above the Law?
(15:59) Can Trump Fire Powell?
(18:09) What Happens Next?
(24:02) Trump's Tricky Policies
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Episodes manquant?
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When you look at the “Hottest Real Estate Markets” lists from major publications, they often miss many crucial factors that truly make a market worth investing in. So, after getting tired of seeing the same cities repeatedly, we decided to make our own “Real Estate Hotspots” list, touching on the areas that are PRIMED for growth with plenty of appreciation and cash flow potential for landlords. We’re sharing all thirteen cities today!
Our two favorite market pickers, Kathy Fettke and Austin Wolff, are back on the show to share their opinions on these top markets. Austin has spent hours and hours compiling this list, looking at not just population growth but income growth, job growth, GDP per capita, and more leading indicators that point to great real estate investing markets.
Some of the top picks on this list truly surprised us, but the data points to these thirteen cities as some of the best places to buy in 2025. We’ll also talk about the overrated markets that may be past their prime and some nearby options that could make solid real estate investments for the long term!
In This Episode We Cover
The thirteen real estate investing “hotspots” for 2025 that investors should pay attention to
A very surprising top city that seems to keep on growing EVEN after some solid appreciation
The “satellite cities” that siphon off big city growth for a fraction of the cost
Cash flow hotspots that still boast affordable prices with solid rent-to-price ratios
The one Texas city that many investors forget about but is still growing fast (definitely not Austin)
Cities that DIDN’T make the list and are constantly overhyped by the media
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
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Kathy's BiggerPockets Profile
Deal Finder
Market Finder
13 Real Estate Hot Spots You Won’t Want to Miss Next Year
Austin's BiggerPockets Profile
Analyze Real Estate Like the Pros with “Real Estate by the Numbers”
Jump to topic:
(00:00) Intro
(03:23) Real Estate “Hotspots”
(08:26) Phoenix, Arizona
(13:39) Colorado Springs, Colorado
(17:03) Cash Flow Hotspots
(22:05) Top 5 Cities
(24:07) Overrated Cities
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-270
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Itâs what youâve all been waiting forâour 2025 housing market predictions! Weâre sharing where we think home prices, interest rates, and real estate will be over the next year. But weâre not just talking about 2025. Weâre also going BACK and reviewing our 2024 housing market forecast, painfully detailing each part we got wrong and congratulating whoever got their predictions right. But how did top real estate companies like Zillow perform on their forecasts? Donât worry; weâre rating their predictions as well!Last year, some of us thought home prices would decline year-over-year, while others were confident weâd still see rising prices. We also had surprisingly accurate mortgage rate predictions, so does that mean we could be right for 2025, too? Stick around to find out! Plus, weâre sharing where we think will become the country's best real estate investing markets and naming the cities we believe have the best potential for building wealth!In This Episode We CoverUpdated 2025 housing market predictions and where home prices and mortgage rates could goHow we (and Zillow!) did on our 2024 housing market forecast (plus what we got WRONG!)Real estate markets that have the most investment potential in 2025Why weâre all becoming bullish on lower mortgage rates, EVEN with persistent inflationDid we ever actually make it into recession territory in 2024?And So Much More!Links from the ShowJoin the Future of Real Estate Investing with FundriseJoin BiggerPockets for FREE Find Investor-Friendly LendersDave's BiggerPockets ProfileHenry's BiggerPockets ProfileJames' BiggerPockets ProfileKathy's BiggerPockets ProfileOn The Market Podcast 163 - 2024 Housing Market Predictions: Home Prices, Interest Rates, & OpportunitiesGrab Jamesâ New Book âThe House Flipping FrameworkâJump to topic:(00:00) Intro(02:38) Zillow's 2024 Predictions(11:32) Home Prices (14:33) Recession Risk(16:23) Mortgage Rates(17:23) Best Markets to Invest(20:03) 2025 Home Price Predictions (23:48) 2025 Mortgage Rate PredictionsCheck out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-269Interested in learning more about todayâs sponsors or becoming a BiggerPockets partner yourself? Email [email protected] more about your ad choices. Visit megaphone.fm/adchoices
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The American Dream was once an everyday reality for most Americans. Now, it’s seemingly impossible for even high-income-earning households to achieve. What went wrong, and is it still possible for financially savvy families to realize the American Dream? A new article dissecting the cost of the American Dream shows that the white picket fence, single-family home, and two new cars cost significantly more than you might think.
In this episode, we’re going over the eye-watering costs of the American Dream, the income you’ll need to achieve it, and why most Americans may never get there. But, as financially independent podcasters, we’re living proof that you don’t need everything this article describes to reach financial freedom. We’re sharing what you might want to give up to achieve your version of the American Dream.
From college costs to raising kids, buying cars, and purchasing a home, we’ll walk through the costliest factors of the American Dream—and some good news, as one big expense is actually getting cheaper.
In This Episode We Cover
The astronomical cost of achieving the American Dream in 2024
What you should give up if you want to reach financial freedom faster
The household income you have to make if you want to achieve the American Dream
Why so many Americans are struggling with rising costs but stagnating wages
One significant expense that’s getting surprisingly more affordable
The things we’ll never give up spending money on (even if it sets us back)
And So Much More!
Links from the Show
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The American Dream Now Costs $4.4 Million
The American Dream Trap: Maneuvering Major Expenses in Your Financial Adventure
Reach Your American Dream Faster with “Set for Life”
Jump to topic:
(00:00) Intro
(01:20) The Cost of The American Dream
(04:01) Housing Costs
(05:14) BIGGEST Cost to Americans
(06:43) Kids Are Too Expensive
(08:28) Cars Cost SO Much
(10:15) How Much Do You Have to Make?
(15:42) You NEED to Make More Money
(19:53) What to Give Up
(23:43) Some Good News
(25:22) We WON’T Sacrifice THIS
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Most people are missing out on what could be the best real estate investments of 2025. Why? Most investors don’t even know about them or have never had access to invest in them before. Today, we’re talking to Fundrise CEO Ben Miller about how he’s taking these once elite-only investments and making them available for the average investor. These investments, for the most part, beat out regular rental properties with sizable returns and way less work. So, what’s the catch? Is there a catch?
If you want to get ahead of the curve and know the investments that smart money (managing BILLIONS of dollars) is making, our interview with Ben truly delivers. We’re getting into how “debt” investors are making serious money off of lending to real estate investors (just like you) and the almost unbeatable returns they’re collecting, plus the new type of investment Fundrise is opening up for regular investors. This is a first, as everyday investors have seldom been able to break into this asset class.
Finally, Ben gives us his outlook for the 2025 economy and why he’s feeling a bit anxious, even with so many economic factors falling into place for a soft landing.
In This Episode We Cover
The one real estate investment making regular double-digit returns with significantly less work
Why housing inventory could shrink even with our massive multifamily “oversupply”
The “securitized” real estate elite investors used to have a monopoly on (you can get in on it now)
Venture capital and why Ben is bullish on AI companies for 2025 and beyond
The surprisingly solid state of the economy and why Ben feels anxious (and you might, too)
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
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Is Now a Better Time to Invest in Real Estate Debt or Equity?
Ben's BiggerPockets Profile
Grab the Book on Private Money Lending “Lend to Live”
Jump to topic:
(00:00) Intro
(01:41) What to Invest In NOW?
(04:40) Housing Inventory Will Shrink
(08:20) Less Risk, Way Higher Returns
(15:01) "Securitized” Debt Explained
(18:22) What Can “Normal” Investors Do?
(20:52) Venture Capital Investing for All
(26:12) Optimistic for 2025?
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-267
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Everyone is awaiting the 2024 presidential election results—especially homebuyers. As mortgage rates rise again, potential homebuyers are sitting on the sidelines, hoping that the next president could make it a little easier to purchase a house. Is this housing market slowdown just a temporary phenomenon before the biggest political event of the past four years, or could this last well into the winter? We’re covering it on this headlines show!
Could a “Trump trade” push bond yields up and mortgage rates as well? Some economists are betting that a Trump presidency would mean higher mortgage rates. We’ll also talk about California’s Prop 33, which, if passed, could allow more stringent rent control on landlords in the Golden State. With rising costs for property owners, could this lead to landlords selling their rentals to escape California’s tenant-friendly laws?
If you want to escape the election cycle, we’ve got you covered. Our last story touches on the best companies for career growth, and if you’re trying to up your skills (and your income) next year, applying for a job at any of these companies could help you!
In This Episode We Cover
The pre-election housing “slowdown” and why many homebuyers are pausing on purchasing
A new mortgage rate update and what’s causing rates to rise back to seven percent
The “Trump trade” and why economists are worried it could push bond yields up
California’s newest rent control proposition and what it means for landlords in the state
The top companies for career growth in the United States (grow your income!)
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
Dave's BiggerPockets Profile
Henry's BiggerPockets Profile
James' BiggerPockets Profile
Kathy's BiggerPockets Profile
Proposition 33 Ignites Fierce Debate Over California Rent Control Laws
Do Elections Affect the Housing Market? Here's What Experts Say
Real estate in for a fright as mortgage rates return to 7%
Proposition 33 Ignites Fierce Debate Over California Rent Control Laws
These Are The Best Companies For Career Growth, Ranked
Grab Dave’s Newest Book, “Start with Strategy”
Jump to topic:
(00:00) Intro
(01:01) Pre-Election Housing “Slowdown”
(13:03) The “Trump Trade”
(16:48) Prop 33 Rent Control?
(24:15) Best Companies for Career Growth
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-266
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Evictions suck—for everyone. They’re bad for the property owner, the tenant, and America as a whole. On the lowest end of the spectrum, evictions cost Americans over $14,000,000,000 (that’s BILLION) per year. With this massive sum spent on court fees, attorneys, moving trucks, and lost rent, how do we STOP evictions before they happen? What can landlords do to ensure they NEVER have to kick out another tenant for nonpayment? Today, we’re discussing the true cost of evictions and how to avoid them.
We’ve brought our own Market Intelligence Analyst, Austin Wolff, back to the show to share how much evictions cost for the landlord, how much they cost to the tenant, and how much they cost society. We’re breaking down which costs hurt real estate investors the most during the process and how long it may take you to get a non-paying tenant out of your house.
Once you’ve been seriously sticker-shocked by the price of an eviction, James brings us some actionable steps he uses daily to avoid evictions at his rentals. He recently had one of the worst evictions, costing him SIX FIGURES. He shares what to do so this DOESN’T happen at your investment property, plus the type of rental you can provide that attracts the highest-quality tenants.
In This Episode We Cover
The astronomically high cost of evictions in the United States
How long evictions usually take, and why they often drag out months (or even years)
The cost of an eviction to a tenant and the fees they have to pay once they’re forced to leave
How to avoid evictions from the start by following some quick tips from James
The key to maintaining a high rent collection rate in your rental portfolio (fewer evictions)
What to do if you inherit tenants you suspect WON’T pay once you purchase the property
Overall economic impacts of evictions and why we MUST reduce them
And So Much More!
Links from the Show
Join the Future of Real Estate Investing with Fundrise
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Property Manager Finder
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James' BiggerPockets Profile
Austin's BiggerPockets Profile
6 Strategies That Help Landlords Avoid Evictions
Grab “The Book on Managing Rental Properties”
Evicted Book
Jump to topic:
(00:00) Intro
(02:23) Most Expensive Eviction Ever?
(05:23) Cost/Time It Takes to Evict
(14:11) The Cost to Tenants
(18:57) Serious Economic Effects
(22:47) How to Avoid Evictions
(29:44) Inheriting Tenants (What to Do)
(32:09) Astronomical Total Costs
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Which generation is taking control of the housing market? With Baby Boomers sitting on an enormous amount of equity-based wealth, younger generations now have to do their part to get in the game, but who is faring best? Gen Z is hungry to get into homeownership, but with their high cost of living, credit card and student debt, and low affordability, will they be a forever-renter generation? What about Millennials, many of whom were financially shell-shocked after leaving college and entering the workforce during the Great Financial Crisis? And don’t worry, Gen X, we didn’t forget you (even though almost everyone else did).
Today, Dave and each of our experts have taken one generation to report on. We’ll talk about Gen Z, Millennials, Gen X, and Baby Boomers—how much wealth they hold, their debts, whether or not they’re buying houses, and how they could affect the future housing market. Plus, we’ll touch on the financial mentality behind each generation and whether or not they have what it takes to become homeowners.
Finally, will the “Silver Tsunami” ever happen when Baby Boomers pass away and the flood of Boomer-owned houses hits the market? We’ll discuss the likelihood of this happening and whether or not the growing trend of “aging in place” could keep our housing inventory at rock bottom.
In This Episode We Cover
Why Gen Z is so poised to start buying real estate (but will they be able to?)
The Baby Boomers’ massive amount of equity wealth that may benefit the future generations
The largest generation of homebuyers that is still actively looking for places to live
Why this “forgotten generation” might be one of the wealthiest to come
The chance of a “Silver Tsunami” and what happens when Boomers pass down their housing wealth
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
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Henry's BiggerPockets Profile
James' BiggerPockets Profile
Kathy's BiggerPockets Profile
Grab Henry’s New Book, “Real Estate Deal Maker”
Find an Investor-Friendly Agent in Your Area
Boomers Hoard Houses, Millennials Struggle to Buy, But Gen Z Gets Ahead
Jump to topic:
(00:00) Intro
(02:58) Gen Z - The Renter Generation
(10:47) Millennials - The Homebuyer Generation
(16:51) Gen X - The Forgotten Generation
(26:18) Baby Boomers - The RICH Generation
ï»żCheck out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-264
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Does it feel like we’re in a recession? People are constantly discussing layoffs, many Americans are in credit card debt, home ownership seems unachievable, and you probably feel like you should be making more money based on how expensive everything is. But, on the other hand, inflation is down, stocks are up, and unemployment is still (relatively) low. This is what Nicole Lapin would refer to not as a recession but a “vibecession;” it feels like we’re in a recession, even if we aren’t.
As a renowned journalist, author, and money-minded podcast host of Money Rehab, Nicole is one of the best in the industry to come on and explain the state of the American consumer, why they feel so negative toward the economy, and what good news we have going into 2025. Nicole is breaking down exactly why Americans feel so disconnected from our growing economy and the reason consumers are getting frustrated.
But it’s not just bad vibes (okay, enough with the Gen-Z verbiage); there are “bright spots” in the economy that few are paying attention to. These data points come close to proving that we may be out of recession territory and confirm that the Fed did achieve its “soft landing.” Are we on our way to finally feeling good about the economy again?
In This Episode We Cover
Why it feels like we’re in a recession even though the economy is growing
The disconnect between men and women and who’s more optimistic in 2024
Did the Fed actually achieve their soft landing and an inflation rate update
The good news on wage growth (with a BIG caveat)
Rising credit card debt and whether or not this is a precursor to economic crisis
The “bright spots” in the economy that point to some good news for Americans
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
Dave's BiggerPockets Profile
Here’s What the U.S. Consumer Tells Us About the State of the Economy
Money Rehab
Thinking, Fast and Slow
WSJ: The State of America’s Wallet
Build Wealth in Any Market Cycle with “Recession-Proof Real Estate Investing”
Jump to topic:
(00:00) Intro
(01:50) Welcome to the "Vibe-cession"
(05:18) Men vs. Women Economic Sentiment
(06:59) Wages Grow, But...
(10:56) Consumer Debt is Climbing
(16:23) GOOD News for the Economy
(18:42) Hope for Average Americans
(21:39) Where is the Economy Headed?
ï»żCheck out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-263
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Housing affordability in America is the lowest it’s been in forty years. Every year, there are fewer and fewer affordable places to buy a house, and many of the cities that used to be affordable have become so popular that they’re now the pricey ones. Are there any affordable housing markets left, and if so, which ones should investors pay the most attention to? We did a new data analysis on American housing markets to bring the exact list to you today.
Austin Wolff, our own BiggerPockets market intelligence analyst, spent some time analyzing housing markets that not only have job, population, and wage growth but also have affordable home prices perfect for investors. Today, he’s sharing this new list, along with some of the least affordable housing markets that are nearly impossible to break into without millions of dollars.
But is America the only country suffering from a stubborn unaffordability crisis? Many of the top economies are also feeling the sting of high inflation, limited real wage growth, and strong home price appreciation. But are we doing better or worse than many of the top developed countries? We’re sharing those stats, too!
In This Episode We Cover
America’s affordable housing crisis explained, and whether it’s going to get better or worse
Most affordable housing markets with job, population, and income growth
Comparing American home prices vs. other top economies’ home prices
The least affordable real estate markets with the highest home-price-to-wage ratios
The single most affordable city in the United States that could be an excellent investing market
And So Much More!
Links from the Show
Join the Future of Real Estate Investing with Fundrise
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Find an Investor-Friendly Agent in Your Area
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Kathy's BiggerPockets Profile
These Are the 10 Most Affordable Markets To Invest in During 2024
Bankrate’s 2024 Home Affordability Report
Why Trump and Harris Aren’t Talking About the $1.8 Trillion Deficit
Austin's BiggerPockets Profile
Grab Dave’s Book, “Real Estate by the Numbers”
Jump to topic:
(00:00) Intro
(02:36) Why Affordability Matters
(04:59) Most Unaffordable Period Ever?
(08:00) How Does America Compare?
(12:23) Least Affordable Markets
(15:09) Most Affordable (Growing!) Markets
(24:35) Will Affordability Improve?
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While short-term rentals are seeing slowing demand, mid-term rentals are taking off (and fast). Mid-term rentals, also called medium-term rentals or MTRs, are thirty-day or longer stays, usually for traveling professionals or those who need temporary housing while relocating. These rentals give you more rent than a regular long-term rental, less turnover than short-term rentals, and can be successful in even the most average of markets. Where are MTRs heading next? We brought on Jeff Hurst, CEO of the leading MTR listing website Furnished Finder, to share the data he’s seeing.
Jeff believes MTRs are still years away from peaking in demand and supply. But maybe he’s a little biased as someone who works in the field. Even as an industry insider, Jeff brought some solid stats that show that MTR is far from falling off the investing map. He’s so bullish on this strategy that he believes MTR is now where Airbnb was in 2012. But what should you do to get in on MTR investing?
Jeff shares the best MTR markets and signs for whether or not your city could be a great place to try it, plus the surprising property type that works best for this strategy (MUCH more affordable than short-term rentals) and how landlords and investors can find tenants WITHOUT going through pricey booking platforms.
In This Episode We Cover
The state of the mid-term rental market and why it’s looking much brighter than short-term rentals
Mid-term rental investing explained, and who’s staying at these properties
Why rural markets actually make terrific mid-term rental investing areas
How to start investing in mid-term rentals WITHOUT owning a single property (rental arbitrage)
How to find tenants for your mid-term rentals without paying high listing fees
The (surprisingly) small property types that work best for mid-term rentals
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
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Henry's BiggerPockets Profile
How to Invest in Medium-Term Rentals
Furnished Finder Stats
Grab the MTR Book, “30-Day Stay”
Jump to topic:
(00:00) Intro
(01:57) What Are Mid-Term Rentals?
(06:21) Mid-Term Demand is Still Growing
(09:58) Best Mid-Term Markets
(18:19) Are We Past the Peak?
(20:26) Finding Tenants
(23:59) Fewer Regulations?
(30:03) Bullish on Mid-Term’s Future
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America is experiencing a strange housing supply problem. On one hand, we don’t have enough housing supply nationally; on the other, we have too much housing supply in cities like Austin and Fort Myers, and as a result, these cities are seeing significant rent declines. Meanwhile, rents are still going strong in much of the Midwest, as their supply-constrained markets give landlords and real estate investors the upper hand. But, even in the “oversupplied” markets, is there a chance for rent price redemption in the future?
We brought on BiggerPockets’ own Market Intelligence Analyst, Austin Wolff, to share his latest findings on housing supply. Austin talks about why rents are growing in some parts of the US but declining in more oversupplied markets. But with the slowing down of construction, will these oversupplied markets become undersupplied? Will landlords in these markets be happy they held onto their properties in a few years?
Austin also shares the exact market he’s making his first real estate investment, which boasts high demand but has yet to see a significant supply bump for his asset class. Does higher supply always mean lower rents? Not quite, and we’ll get into why in this episode!
In This Episode We Cover
The state of our 2024 housing shortage problem and why we may be under and oversupplied
Where rent prices are falling and the cities with the most supply coming online
When demand could finally “catch up” to the high supply these markets are experiencing
The correlation between supply and rent prices (and why they aren’t ALWAYS opposite)
Long-term rent projections as building starts to slow and demand stays high
And So Much More!
Links from the Show
Join the Future of Real Estate Investing with Fundrise
Join BiggerPockets for FREE
Easily Identify Your Next Market to Invest In with BiggerPockets Market Finder
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Connect with Austin
Check Out Austin’s Data-Driven Blog Posts
Bureau of Labor Statistics
Census Data
CoStar
Zillow Data
Master the Simple Formulas Behind Every Great Real Estate Deal with “Real Estate by the Numbers”
Jump to topic
00:00 Intro
04:49 Our 2024 Housing Supply Problem
08:22 Where Rents Are Falling
13:13 Demand Will “Catch Up”
17:31 What Happens When Supply Rises?
25:46 Long-Term Rent Projections
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-260
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**UPDATE: We recorded this episode on October 1st, as North Carolina was beginning to recover from the damage caused by Hurricane Helene and before Hurricane Milton had formed. We approached this episode as an exercise in economic analysis -- an in-depth market analysis should include a deeper assessment of environmental risk than we had time for in this discussion. And of course, no investment is more important than human lives and safety. If you’d like to contribute to ongoing recovery efforts, please consider doing so here.
We talk a lot about the overall housing market, but what about the best states to invest in real estate? A state on the East Coast might see solid rents, booming business growth, and low inventory, while somewhere on the West Coast could be experiencing the opposite. At a state level, factors like economic strength, job growth, income tax, and others can greatly impact where Americans live and rent. So, which states would WE happily invest in now?
Today, we’re sharing the four states we feel bullish about in 2024, specifically for economic growth. And when there’s economic growth, there’s usually excellent investing prospects. You may have thought about investing in a few of these states before, and one of them you may have forgotten was even a state (sorry to those residents), but all of them boast real estate investing potential that many other parts of the US lack.
And, during a time when home prices are still high, some of these markets are seeing what could be a temporary decline, opening up the potential for you to go in and scoop up deals before their real estate markets begin to rebound. Which states are we most confident about? Stick around to find out!
In This Episode We Cover
Four states with booming economies and serious real estate investing opportunity
The tiny state with below-average home prices and most of the Fortune 500 companies
A southern state boasting serious potential as its real estate values try to recover
A “treasure hunting” housing market that may be overcorrecting a little too much
Why more tech is moving into this East Coast state and pumping up its property market
And So Much More!
Links from the Show
Join the Future of Real Estate Investing with Fundrise
Join BiggerPockets for FREE
Find Your Next Investing Market
Dave's BiggerPockets Profile
Henry's BiggerPockets Profile
James' BiggerPockets Profile
Kathy's BiggerPockets Profile
On the Market Episode 251 - Would You Vote for Any of These Market-Changing Economic Policies?
What’s the Best Strategy for Your Market? Find Out with “Start with Strategy”
Jump to topic:
00:00 Intro
02:52 1. Delaware
11:38 2. Texas
17:13 What to Buy in Texas
20:05 3. Florida
22:21 Businesses Love the Sunshine State
27:12 4. North Carolina
35:30 Best State to Invest?
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-259
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Did immigrants help keep landlords afloat during this tough housing market? New data may be pointing to just that. Today, we’re discussing one rarely mentioned housing market factor—immigration and immigrant renters. We’re talking about documented AND undocumented immigrants, asylum seekers, and what the effect of the massive influx in immigration has been on the renting market.
John Burns from John Burns Research and Consulting, joined by VP of Demographics Eric Finnigan, is back on the show to discuss immigration, household formation, migration patterns, mortgage rates, and the effects each of these factors has on the housing market. With immigration exploding (we’re in one of the largest immigration years EVER), the next obvious question is: how is this affecting rents/available homes? John and Eric bring in new data to share how immigration may have “bailed out” landlords during the worst parts of the market.
But that’s not all. We also touch on John Burns Research’s newest house-flipping survey and how flippers are surviving (thriving?) in today’s market. Why are builders becoming more bullish on the housing market? And could the recent mortgage rate cuts open the spigot of homebuyer demand in this already supply-constrained market? We’re digging into the data that answers these questions in today’s show.
In This Episode We Cover
The newest immigration and housing data pointing to some surprising conclusions for landlords
Why immigrants crossing the southern border are NOT just settling in border towns
How immigrants may have “bailed out” multifamily investors struggling to fill units
New multifamily supply and why builders are becoming more bullish in today’s market
Whether or not lower mortgage rates will lead to higher home prices
The state of house flipping in 2024 and whether flippers are still making money
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
Dave's BiggerPockets Profile
U.S. Immigration Crisis: What It Really Means for Housing Markets and Investors
Get on the List for John Burns Research: [email protected]
Fix and Flip Survey
Master the Real Estate Formulas Before You Buy with “Real Estate by the Numbers”
Jump to topic:
00:00 Intro
02:11 Immigration is Exploding
04:59 Why “Households” Matter
06:40 Immigrants Boost Demand
08:50 Landlords Got “Bailed Out”
11:47 MORE Multifamily Development?
15:58 Mortgage Rate Cut Implications
23:37 Are Flippers Surviving?
29:06 Grab the Data!
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-258
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Mortgage rates are finally falling, and Redfin is predicting a “brighter” housing market. Who’s leading the charge in new homebuyers? Surprisingly, the generation nobody expected—Gen Z. How are they doing it, and why are their homeownership rates so much higher than Millennials and Gen Xers at the same age? We’re digging into it and sharing our forecasts of what the coming housing market will look like.
But to understand where we’re headed, we have to peak inside the personal finances of Americans. In this episode, we’re breaking down the average American’s wallet, how much money they have, their credit card debt, and whether they’ll be able to weather the financial storm of rising costs coming at them. How can Americans cope with higher insurance, taxes, and home prices?
Why is Redfin so optimistic about the 2025 spring homebuying market? And what are we seeing right now in our own markets in terms of buyer demand? Have lower mortgage rates finally crossed the threshold where Americans feel comfortable buying a house? We’ll touch on all of today’s latest headlines in this show!
In This Episode We Cover
How Gen Z became the leading young homeowner generation
Lower rates, but still struggling affordability and the real solution to our housing problem
Optimistic news from Redfin about the 2025 spring housing market and the big JUMP in mortgage applications
The average American’s personal finances and whether they’ll be able to eat the cost of recent inflation
The downfall of work-from-home and why more Americans may be moving (and buying houses) soon
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
James' BiggerPockets Profile
Kathy's BiggerPockets Profile
Gen Z Is Dominating Their Parents in Homeownership—According to New Report
America’s home affordability crisis has a solution. Lower rates isn’t it
Redfin ramping up, sees a brighter spring ahead
The State of America’s Wallet
How Gen Z outpaces past generations in the homeownership race
Grab Dave’s Newest Book, “Start with Strategy”
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-257
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Are real estate syndications dead? Some multifamily syndicators are making capital calls and hiding information from investors who anxiously wait (and pray) for their money to be returned. A lot is going wrong, so should you pause investing in real estate syndications for now, or should you write them off entirely? Brian Burke, who saw it coming and sold almost everything before prices fell, is on today to give us his answer.
Joining him is a fellow syndication investor and BiggerPockets CEO, Scott Trench, who’s had his fair share of syndication headaches over the past few years. We’re going back in time, talking about what exactly went wrong for multifamily syndications, why we saw a rise in untrustworthy/inexperienced syndicators entering the market, and why multifamily specifically is taking the majority of the headwinds.
We’re also sharing the numbers on the almost unbelievable amount of multifamily investors who have short-term loans coming due, all at a time when interest rates are still high and values are close to (if not at) the bottom. We’ll even talk about our own failed deals and whether or not we’d continue investing in syndications.
In This Episode We Cover
Real estate syndications, general partners, and limited partners explained
Why the multifamily real estate market is a “traffic collision” in 2024
Areas of the country with the highest/lowest risk for real estate syndications
The astonishing amount of distressed investors with short-term loans coming due
Our own failed investments and whether we’d still invest in syndications
When multifamily real estate investments could finally rebound and become investable again
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 and Scott at BPCON2024 in Cancun!
Dave's BiggerPockets Profile
Scott's BiggerPockets Profile
Multifamily Is at High Risk of Continuing Its Historic Crash in 2024—Here’s Why
PassivePockets
Brian's BiggerPockets Profile
Grab Brian's Book, “The Hands-Off Investor”
Jump to topic:
00:00 Intro
01:38 Real Estate Syndications Explained
11:11 Things Have Changed
19:07 Multifamily is a “Traffic Collision”
24:29 WHERE to Invest
29:20 Underwater Syndications
38:23 Are Syndications Dead?
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-256
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The Fed’s recent rate cut signaled something clear about the US economy, but what are they trying to say? With a bolder rate cut than many of us expected, homebuyers, business owners, and real estate investors are seeing the light at the end of the high-rate tunnel, where borrowing money and buying houses could come at a lower cost. But with markets already anticipating a rate cut, did the recent cut even really matter?
Today, Federal Reserve reporter from The New York Times, Jeanna Smialek, shares her thoughts on what the Fed move meant after studying them full-time for over a decade. Jeanna believes that the Fed feels confident, even if this recent rate cut was overdue. Inflation has seen a substantial dropoff, but on the other hand, unemployment is rising, and Americans are getting nervous. Did the Fed move fast enough?
Jeanna also shares the future rate cuts we can expect from the Fed, with more potentially coming this year and a sizable series of cuts already lined up for 2025. How significant will the cuts be, and will they be enough to stop unemployment from getting out of control? How will rent prices and home prices move due to more rate cuts? We’re answering it all in this episode!
In This Episode We Cover
The Fed’s recent 0.50% rate cut explained and their forecast for 2025 rate cuts
The signal the Fed is sending by making a bigger rate cut (and preparing for more to come)
Why the Fed decided NOW was the time to finally cut rates (and whether it was too late)
Inflation updates and good news for the slowing of growing prices
Housing affordability and whether or not these rate cuts will help homebuyers/renters
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
Federal Reserve Cuts Rates By 0.50%, a Bigger Cut Than Expected
Read More from Jeanna
Get Jeanna’s Book, Limitless: The Federal Reserve Takes on a New Age of Crisis
Grab Dave’s Newest Book, “Start with Strategy”
Jump to topic:
00:00 Intro
01:40 The Fed Makes a BIG Move
05:31 Why Now?
07:40 Effects of a 0.50% Rate Cut
12:16 Inflation Trends
15:07 Will Home and Rent Prices Rise?
22:42 2025 Rate Cuts
27:20 How the Fed Has Changed
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-255
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Your real estate business could fail if you don’t do this right. We’ve seen it happen time and time again. A business finds success, starts growing at lightning speed to capture all the demand, and then burns out, leaving the business owner or investor (i.e., YOU) cleaning up the pieces of spectacular debris. Growing your business can be a HUGE mistake, but scaling it rarely is.
Today, we’re teaching you how to do just that—scaling your business to new heights so you can work less, your team (or future team) can accomplish more, and your wealth compounds in the background. And one person on the On the Market panel knows how to scale a business arguably better than anyone else—Kathy Fettke! Today, Kathy and her husband, Rich, are on to teach you how to start Scaling Smart (which is also the name of their new book!).
Kathy and Rich touch on why once-giants like WeWork failed so fast, how overgrowing can kill everything you’ve worked for, how to start hiring (and who to hire first), and the “never enough” trap that can keep you working for years (or decades) longer than you should. Plus, they even coach Henry and James on their own scaling struggles!
In This Episode We Cover
Why “scaling” (NOT growing) your real estate business is the smartest way to build wealth
The thirteen questions that will stop you from growing too fast (and failing)
Defining your “why” and the reason most investors burn out even after building wealth
When to start hiring employees, and what tasks you should outsource to them
Incentivizing employees to work hard for you while they build their own financial freedom
Being a “humble leader” and realizing that you’re NOT the best person for every job
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, Kathy, and Rich at BPCON2024 in Cancun!
Henry's BiggerPockets Profile
James' BiggerPockets Profile
Kathy's BiggerPockets Profile
Rich's BiggerPockets Profile
The 3 Main Stages of Scaling Your Small Business
Grab Rich and Kathy’s New Book “Scaling Smart”
Jump to topic:
00:00 Intro
02:16 Why Big Companies Fail
08:00 How to NOT Overgrow
14:46 The “Never Enough” Trap
18:57 When to Start Hiring
26:04 Being a Humble Leader
26:53 Incentivizing Employees
38:19 Scale Smart and Live Your Life!
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-254
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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
Join BiggerPockets for FREE
Find Investor-Friendly Lenders
See Dave at BPCON2024 in Cancun!
Dave's BiggerPockets Profile
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
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected].
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