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Zillow’s latest housing market forecast shows a decline in home prices over the next year after a very slow spring homebuying season. While spring is traditionally the hottest time of the housing market, with more sellers and buyers hitting the market at once, this year was stunted significantly. Will this trend continue as housing inventory remains at rock-bottom levels, or are things gradually improving, with a return to normalcy in sight? We’ve got Dr. Skylar Olsen, Chief Economist at Zillow, on to share the latest forecast and which markets could be in trouble.
With mortgage rates still hovering around seven percent, homebuyers and sellers are stuck. Sellers don’t want to trade into a more expensive mortgage payment, and buyers can’t afford today’s median home price. As a result, some under-the-radar, affordable real estate markets are seeing home and rent prices increase, while some traditionally hot markets are already seeing price corrections.
Where will the next correction hit, and which markets will have the most opportunity for real estate investors? Skylar explains it all, plus why Zillow updated their recent home price forecast to show a DROP in home values over the next year.
In This Episode We Cover
Zillow’s updated housing market forecast and why they’re predicting prices to drop
The spring homebuying season’s “extra slowdown” and why buying/selling is so stunted
Skylar’s 2025 housing market and mortgage rate predictions
What happens when mortgage rates get cut, and whether this could fire up the housing market again
The real estate markets seeing the most price corrections, plus hot markets Zillow is keeping an eye on
Markets with the strongest rent growth (for single-family AND multifamily investors)
And So Much More!
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Episode Show Notes
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BiggerPockets Real Estate 959 - BiggerNews: 2024 Housing Market Update and Why Prices Are Still Rising
Access Zillow’s Free Housing Data
Jump to topic:
(00:00) Intro
(01:41) Homebuying Sees “Extra Slowdown”
(06:56) Homes Sitting Longer
(08:39) More Inventory On the Way?
(13:42) Zillow Updates Forecast
(18:17) Markets Seeing Price Corrections
(21:35) Hot Markets
(23:00) Where Rents Are Growing
(27:10) Investors, Watch THIS
(29:53) 2025 Predictions
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“Super cities” are seeing a massive comeback in demand—one that most investors thought was impossible. With work-from-home being scaled back by many major companies, returning to downtown is a no-brainer for high-paid employees. With more amenities than the suburbs, younger workers are being enticed back into the office. And who’s winning with all this boomeranging demand? You guessed it—office investors. We brought CBRE’s Richard Barkham back to give us the latest update on how cities and office investors are faring.
Office investing has been heavily criticized over the past few years as vacancies exploded and tenant turnover became increasingly common. Office space was an easy target as remote work became the new norm. However, trends change, and Richard sees a massive investing opportunity in certain office space sectors. But which cities are worth investing in and around? What type of office investments are faring the best? And will we continue to see downtown demand rebound?
We’ll get into it all in this episode of On the Market. Plus, stick around to hear Richard’s predictions on interest rate cuts, whether or not we’ll achieve a “soft landing,” and what investors must be looking at NOW to make significant gains over the next few years.
In This Episode We Cover
The cities seeing the biggest influx in demand and why Americans are moving back to downtown
Why the “doom loop” scenario never came true, even though so many forecasters predicted it
The one type of office investing that could see a massive surge in demand over the next two years
Richard’s “number one investment strategy” of 2024-2025 that investors MUST look into
How residential real estate investors can take advantage of the rising demand for downtown housing
And So Much More!
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Hear Our Past Episodes with Richard:
On the Market 141 - The “Doom Loop” That Could Crash Commercial Real Estate
On the Market 179 - A “Year of Opportunity” to Come for Multifamily, Says CBRE’s Richard Barkham
Read CBRE’s Latest Reports:
Analysis of US Prime Office Buildings
Shaping Tomorrow’s Cities
Jump to topic:
(00:00) Intro
(01:24) Cities See Returning Demand
(05:41) The "Doom Loop" Scenario
(07:16) Offices Are Filling Up Fast
(11:24) #1 Investment Nobody is Thinking About
(15:37) Investing In and Around Cities
(22:31) Rate Cuts and Economic Predictions
(26:06) Investors MUST Do This
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-230
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When will housing prices drop? Will real estate prices go down, or are we stuck with ever-worsening affordability as home prices continue to rise? What’s the solution to affordable housing, and why can’t investors just build smaller, more affordable homes? Our panel of expert investors gets asked these questions all day, so in this episode, we’re taking the above questions and some others from the BiggerPockets Forums and throwing them at our seasoned investors to get their takes.
First, we ask, “What would have to happen for home prices to drop?” Investor or first-time homebuyer, you’ve probably asked yourself this question. We’ll give an in-depth scenario of the exact supply and demand factors that could cause prices to finally fall. Next, how to create affordable housing and why investors might be the answer. With high home prices, is it better to buy and hold or flip houses in today’s market? Plus, the experts share exactly WHICH markets they see the most potential in today. Finally, you’ll get the pro flipper’s tips for comping properties in a market with barely any home sales.
Do you have a question to ask the experts? Post it in the BiggerPockets Forums, and we may answer it on a future show!
In This Episode We Cover
What would cause home prices to fall and affordability to improve (and if it’s likely)
The investor-friendly solution for affordable housing that could help you build wealth while providing much-needed housing
Flipping vs. renting and what will make you the most money in today’s market
The rarely talked about real estate markets with immense potential that we’d invest in today
How to comp (compare) properties when the market is changing and there are limited home sales
And So Much More!
Links from the Show
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Property Manager Finder
See Henry, James, and Kathy at BPCON2024 in Cancun!
Ask Your Question on the BiggerPockets Forums
Jump to topic:
(00:00) Intro
(01:43) Could Home Prices Fall?
(07:43) How to Create Affordable Housing
(16:50) Best Time to Flip Houses?
(22:24) Where We’d Invest Today
(31:51) James’ Rules for Comping
(34:02) Ask Your Question Here!
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-229
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Downward pressure on rent prices is causing a “cascade” effect across all unit types. Whether you live in a luxury apartment or budget-friendly multifamily building on a busy street, you’ve probably seen asking rents lowering around you with apartment concession offers in many leasing offices. With multifamily supply hitting “peak completions,” apartment operators have had to tackle rising vacancy rates by lowering rents. But this trend could be reversing soon, just as things were getting more affordable for renters.
Jay Parsons, rental housing economist, spends much of his day searching through rental data to find trends pointing to what could happen next. We’ve brought him on to understand why rents are dropping, where they could be heading, and what happens now that multifamily construction is starting to pause.
Jay speaks on the rebounding rental demand that’s starting to show, why our “oversupply” of multifamily could quickly become a shortage, which apartment classes are seeing significant rent price discounts, and whether or not these problems could spill over into the single-family rental market. Plus, Jay gives his outlook for the next few years on whether or not rent growth will reaccelerate as multifamily construction starts fall significantly.
In This Episode We Cover
A rental demand update and why rent prices are getting more affordable
What’s causing the recent demand rebound in the multifamily rental market?
Why our multifamily “oversupply” could quickly vanish and create a new problem
Growing demand for single-family rentals and why these investors may be in a better position
When rent growth could reaccelerate and supply could shrink once again
One growing risk multifamily investors must be aware of when choosing a market
And So Much More!
Links from the Show
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On The Market
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Property Manager Finder
See Dave at BPCON2024 in Cancun!
Rent Prices Are “Guaranteed” to Increase Over the Next Two Years—Here’s Why
Connect with Jay:
Follow Jay on LinkedIn
Jump to topic:
(00:00) Intro
(01:38) Rental Demand Rebounding?
(05:03) We're at "Peak Completions"
(07:52) What's Being Built?
(12:14) Rent Cuts For All
(18:09) Single-Family Rental Supply Shrinks
(21:04) Wage Growth Outpaces Rents
(23:12) Is It Better to Rent?
(26:19) Supply and Rent Predictions
(30:33) Big Regulatory Risks
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Will we finally get the rate cuts the Fed hinted at earlier this year? Has the job and housing market taken a big enough hit for us to still be concerned about inflation? And how are more Americans going mortgage-free during such economic uncertainty? The housing market is changing fast, but we’re here to break down all the latest data from recent headlines as we touch on inflation, rate cuts, housing market competition, foreclosure activity, and more!
We know what you want to hear about—rate cuts. We’ll touch on the latest Fed update in our first headline, as the chance of a 2024 rate cut increases with last week’s promising inflation data release. This is good news for homebuyers but may make getting a job (or keeping one) challenging. What do we mean? We’ll explain it all at the start of the show. Next, housing competition begins to drop as inventory increases and homes sit on the market longer. Will this lead to a decrease in home prices over the next year? One top listing site believes so.
With all this worry about mortgage rates, many Americans are going in the opposite direction as mortgage-free homeownership steadily increases. This could have long-lasting effects on housing inventory, but when will it hit? Finally, we touch on the increase in foreclosure activity and whether or not it’s a sign of a shaky housing market to come!
In This Episode We Cover
The Fed’s new rate cut prediction and how big the cut could be in 2024
Inflation rate updates and why financial markets celebrated last week
How a spike in new listings could lead to lower competition and on-market houses sitting longer
The steady increase in mortgage-free homeownership and what happens when these houses get inherited
Why foreclosure activity is starting to rise, but it may not mean what you think
And So Much More!
Links from the Show
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On The Market
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Subscribe to The “On The Market” YouTube Channel
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Headlines from Today’s Show:
Rate Cuts
Housing Competition
Mortgage-Free Homeowners
Foreclosures
Book Mentioned in the Show:
Real Estate Deal Maker by Henry Washington
Jump to topic:
(00:00) Intro
(02:11) Fed Gives New Rate Prediction
(08:41) Housing Competition Cools Off
(22:07) Homeowners Go Mortgage-Free
(31:06) Foreclosure Activity Increases
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-227
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Multifamily sales are at the lowest point in the past four years. We haven’t seen transaction levels this low since the start of the pandemic and after the last housing crash. But, for buyers, this could point to some tremendous opportunities. With fewer sales could come higher cap rates, lower prices, and more profit per dollar spent on your next multifamily deal. The question is, how low will prices go, and when WILL be the right time to buy?
Xander Snyder, Senior Commercial Real Estate Economist at First American, joins the show to give us the latest update on multifamily sales, prices, cap rates, and even a prediction for 2025. Xander strongly argues that multifamily price declines could be far from over. With buyers patiently waiting for sellers to drop their prices and the cost of capital still so high, motivated sellers must act quickly to get a buyer, which could mean more price cuts.
We’ll also discuss why cap rates are expanding and how they’ve already jumped fifty percent in some markets. Plus, what could happen to rents as the “oversupply” of multifamily investments hits the market? An even better question is what happens when all that supply gets used up? We’re answering it all in this episode.
In This Episode We Cover
2024 multifamily transaction volume updates and why sales are so low
Cap rate expansion and why this is great news for buyers (but NOT for sellers)
Why multifamily price drops aren’t even close to finished
Rent price growth predictions and why multifamily investors shouldn’t be too sure that they can increase rents
How our multifamily “oversupply” could quickly become an undersupply
What to expect from the multifamily market in 2024 and into 2025 (significant changes!)
And So Much More!
Links from the Show
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On The Market
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Connect with Other Investors in the “On The Market” Forums
Subscribe to The “On The Market” YouTube Channel
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Property Manager Finder
See Dave at BPCON2024 in Cancun!
Multifamily Is Likely To Start Recovering in 2024—Here’s Why
Follow Xander on X
Why Apartment Rents are Poised to Decline in Former Pandemic Hot Spots (Graph)
Jump to topic:
(00:00) Intro
(01:03) Multifamily Transactions at Rock-Bottom
(04:34) Why Volume is So Low
(06:29) Buyers Are Waiting for This
(08:38) Cap Rates Expand
(13:53) Investors Will Have to Wait
(14:57) Will Prices Keep Declining?
(17:38) Multifamily Rent Forecast
(19:36) The "Oversupply" Could Flip
(23:26) 2025 Predictions
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-226
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Zero-down mortgages are back. That’s right. You can now get into a home with (potentially) zero dollars out-of-pocket. But wait…this is starting to sound a bit like 2008. Remember the fully-funded mortgages that didn’t require income verification? Are we back to the days of NINJA loans as homebuyers struggle with affordability, forcing them to take on zero-down loans? Not quite. We’ll explain why on this headlines show!
This time, we’re talking about the new zero-down mortgage loan. But that’s not all. One crucial housing metric has exploded, and if you sell, BRRRR, or flip houses, this is one metric you MUST pay attention to. Remember back in 2021 when lumber prices were so high that you needed to take out a personal loan to buy a toothpick? The mahogany tables have turned as we bring some good news for new construction investors and home renovators.
Lastly, we look overseas at the international housing markets that are seeing the biggest price drops and increases. We also share where we would invest abroad and whether or not we think these markets beat the good ol’ USA. Stick around for your latest housing market update on this headlines show!
In This Episode We Cover
New zero-down mortgage loans and whether they’ll lead to risky home purchases
What you must know (and do) if you’re going to buy a home with low money down
The one home price metric you should pay attention to when flipping, rehabbing, or buying new construction
Good news for new builds and why lumber has finally returned to pre-pandemic price levels
The international housing markets seeing the biggest price drops, and whether we’d buy there or not
And So Much More!
Links from the Show
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On The Market
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Property Manager Finder
See Dave at BPCON2024 in Cancun!
No Money Down Loans: How Do They REALLY Work?
Zero-down mortgages are making a comeback
A key home price metric has skyrocketed since 2019
Federal Reserve rate stagnation impacts wood products markets
3 International Locations Where Housing Prices Are Plummeting Post-Pandemic
Jump to topic:
(00:00) Intro
(01:22) 0% Down Mortgages Return
(14:13) Crucial Housing Metric JUMPS
(20:41) Lumber Prices Stabilize
(26:51) International Home Prices Drop
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-225
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Wholesaling real estate may be banned nationwide within a few short years. After a new law was passed in South Carolina prohibiting the practice, other states started to follow their lead, making their own laws that limit or completely restrict wholesaling real estate. Why is this happening now, and if a nationwide wholesaling ban does get passed, are there loopholes for wholesalers to still make money assigning properties? South Carolina real estate attorney Gary Pickren is on the show to explain.
Gary is no stranger to wholesaling. He’s quick to tell you how crucial wholesaling has been to his business’s growth. But Gary isn’t trying to dance around the new laws and pretend that everything will be alright for real estate wholesalers. In fact, Gary believes that this new South Carolina law could change real estate wholesaling forever, and it may even be for the best.
We’ll describe the new South Carolina law and the legal verbiage that spells out the wholesaling ban. Gary even gives a completely legal way of getting around the new wholesaling law, but the rules MUST be followed. If you’re a wholesaler anywhere in the United States, this law directly affects you and your livelihood. Not staying up-to-date on this could, at best, cost you money or, at worst, land you behind bars.
In This Episode We Cover
Wholesaling explained and why the practice is currently in jeopardy
The newest South Carolina wholesaling law and its monumental effects on the industry
Wholesaling “assignments” defined and the risk of marketing a property in the wrong way
Whether or not this new law could lead to a nationwide ban on wholesaling
Gary’s savvy way to get around this wholesaling ban through this one type of “contract”
Whether or not this new law applies to commercial real estate wholesaling as well
And So Much More!
Links from the Show
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Property Manager Finder
A New South Carolina Law Would Severely Crack Down on Wholesaling
Wholesale Real Estate – What Is It & How to Get Started For Beginners
Is Wholesaling Legal? It’s Complicated
Jump to topic:
(00:00) Intro
(01:38) What is Wholesaling?
(05:33) Working Against Realtors?
(07:59) How Everything Changed
(13:52) The Real Problem with Wholesaling
(16:27) The End of Wholesaling
(20:33) Tricky Legal Language
(28:01) A Nationwide Wholesaling Ban?
(34:47) What About Commercial Real Estate?
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-224
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House flipping vs. renting vs. build-to-rent: which real estate investing strategies could make you the MOST money in the second half of 2024? At the beginning of the year, many investors believed that interest rates would be coming down, housing inventory would finally return to the market, and inflation had been defeated. But that didn’t turn out to be the case. In this ever-changing housing market, what should investors like you do to make the most money possible with the fewest risks? We asked three of our expert panelists to give their take!
So today, we’re having a friendly real estate investing strategy smackdown to pit house flipping against buy-and-hold against build-to-rent homes. Each strategy has BIG benefits but also comes with some serious risks rookie and expert investors should be looking out for. Plus, these investing strategies are NOT for everyone. We’ll discuss who should (and definitely shouldn’t) invest using each method.
2024 is not an easy real estate market, but our expert investors lay out the exact risks to avoid, how to get around them, and the best ways to build serious wealth while most Americans sit on the sidelines. We’ll talk about the enormous gains you can make even with high interest rates, what James calls the best way to find financial freedom, how to invest EVEN if you have very little time, and the one type of rental property with WAY lower insurance and repair costs.
In This Episode We Cover
The three best real estate investing strategies of 2024 and which methods we’re using TODAY
Buy-and-hold real estate and the CRUCIAL skill that will help you build a real estate portfolio faster
The costs that can kill your house flipping business, but the massive gains you can make EVEN in 2024
Build-to-rent investments and why this may be one of the easiest ways to invest in real estate
Don’t have experience or money? How to form partnerships that’ll grow your wealth even if you’re a beginner
And So Much More!
Links from the Show
Find an Agent
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On The Market
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Subscribe to The “On The Market” YouTube Channel
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James' Instagram
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Kathy's Instagram
Property Manager Finder
How to Build Wealth With Rental Properties Through Buy & Hold Investing
Flipping Houses: How to Get Started and Everything You Should Know
Investors Are Putting Their Money in Build-to-Rent Homes at a Record Rate—What’s Causing the Frenzy?
Jump to topic:
(00:00) Intro
(01:18) Buy (Renovate) and Hold
(08:32) Who Should Buy and Hold?
(10:05) Biggest Risks
(12:04) Flipping Houses
(17:41) Who Should Flip?
(20:01) Biggest Risks
(22:57) New Construction
(31:34) Biggest Risks
(34:36) Best 2024 Investing Strategy
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-223
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Millennials can’t afford homes, but somehow, their younger siblings, Gen Z, can. Even with over a decade more work experience than Gen Z, Millennials still feel priced out of the housing market. So how can the younger generation, only twenty-seven years at the oldest, already be on track to beat Millennials in the homebuying race, all while mortgage rates and prices are high, inventory is low, and inflation is eating away at Americans’ disposable income? We’ve got Redfin’s Chen Zhao back on the show to explain.
Today, we’re trying to answer one question: Who is buying all the houses? With younger generations struggling to buy and more Baby Boomers aging in place, real estate investors want to know their competition and who they may be selling their homes to. In this episode, Chen breaks down the data behind age trends in homebuying, plus shares why Millennials fell behind past generations.
But that’s not all. We’re getting into the changing landscape of the “buy vs. rent” debate and whether more renters now will mean fewer homebuyers in the future. Plus, with an aging Baby Boomer generation, will we finally see the “Silver Tsunami” of housing inventory hit the market as boomers “age in place,” especially with their large share of family-sized houses? Could our housing supply problems reverse if a sizable amount of inventory hits the market? We’re answering it all coming up!
In This Episode We Cover
Why Millennials can’t afford houses, and the reason so many still don’t own homes
How Gen Z is already on track to get ahead of Millennials even with today’s economic turbulence
Buying vs. renting a home and the “mismatch” between what renters want and what landlords supply
A potential reversal of our massive housing shortage and when this could happen
Whether or not the “Silver Tsunami” will hit the housing market as boomers get older
How the increase of “aging in place” will affect home inventory as Gen Z/Millennials try to buy
And So Much More!
Links from the Show
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Property Manager Finder
On the Market 151 - The Math Behind Mortgage Rates and Why They’re Staying Put
Real Estate Podcast 867 - Zillow and Redfin Top Economists Give Their 2024 Housing Market Predictions
Why Are Millennials So Behind in Homeownership?
Connect with Chen:
Chen’s LinkedIn
Redfin News
Redfin’s “From Our Economists”
Redfin Report: Gen Zers and Young Millennials Took Out 40% of U.S. Mortgages in 2023
Jump to topic:
(00:00) Intro
(01:03) Are Millennials Priced Out?
(04:29) Millennials’ Lost Decade
(07:46) Gen Z is Getting Ahead
(11:08) Is Homebuying Overrated?
(16:56) The Housing Shortage Could Reverse
(19:58) Boomers Ageing in Place
(25:20) Young People are STILL Buying!
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-222
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Home prices are still soaring as they hit a new record high, despite high mortgage rates and low inventory dampening demand. At some point, this unaffordable housing market must make Americans even a bit bearish on real estate, right? Well, maybe not, according to a new survey that shows what Americans view as the best investment in the long term. But these updates are just the tip of the iceberg on today’s headlines show!
We’re back to discuss the housing market’s most hard-hitting headlines and share our opinions on whether they’re fact, fiction, or pure hype. First, Americans give their take on the best long-term investment, and one asset in particular reigns supreme (sorry, it’s not crypto!). Next, will record-breaking home prices push demand down even further, forcing house flippers and home sellers to get desperate? Our experts share exactly what they’re seeing in their local markets.
Speaking of home sellers, are you selling right now? If so, there are five things you CAN control that’ll help you sell your home faster and for more, even in today’s tough housing market. Expert house flipper James Dainard gives even more tips on how he gets his flips sold at lightning speed, even during slow seasons. Finally, we touch on Airbnb’s latest party-pooping and how they’re putting hosts in the driver’s seat to protect their properties from ragers that could ruin their homes. Plus, an update on the end of endless shrimp (check out this episode for context).
Just getting into real estate investing? Catch a FREE investing webinar on how you can get in the game as a complete newbie. Ready to invest? Join BiggerPockets Pro and use code “NEWMARKET24” for 20% off, plus get access to elite investor tools to help you get more deals done!
In This Episode We Cover
Why Americans think this asset is the best long-term investment
Home price updates and what the effects could be with housing prices hitting record highs
Five tips to sell your home faster and for more money even in today’s housing market
What an expert house flipper does on EVERY home he sells to get the best price possible
Airbnb’s newest party ban and how hosts can protect their properties
An unfortunate update on one of America’s most beloved seafood restaurant chains
And So Much More!
Links from the Show
Find an Agent
Find a Lender
BiggerPockets Forums
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Join BiggerPockets for FREE
On The Market
Join the Future of Real Estate Investing with Fundrise
Connect with Other Investors in the “On The Market” Forums
Subscribe to The “On The Market” YouTube Channel
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Henry's Instagram
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James' Instagram
Kathy's BiggerPockets Profile
Kathy's Instagram
Property Manager Finder
BiggerPockets Real Estate Podcast 959 - BiggerNews: 2024 Housing Market Update and Why Prices Are Still Rising
Want to Sell Your Home Fast—for the Most Money? Do This
Articles from Today’s Show:
Best Long-Term Investment
Home Prices
Home Seller Tips
Airbnb Parties
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We may be close to some serious mortgage rate relief, according to today’s panel of top lenders. With interest rates finally starting to slide after cooling inflation and lackluster job growth, investors are gaining hope that we could see more affordable mortgage rates resurface after a very harsh past two years. So, what could come next? Stick around because we’ve got mortgage rate predictions and the best investor loans to look for coming up in this episode!
Caeli Ridge, Krystle, and Kenny Simpson, our expert investor-lenders, are back on the show to give their take on the commercial and residential mortgage space. All are feeling a bit more optimistic as we see rates finally trend into the six-percent range for primary residence homebuyers, with rates up another percent or so for investors. But with today’s mortgage rates still relatively high, which loans should investors use? From DSCR loans (debt service coverage ratio) to HELOCs (home equity line of credit), construction loans, and more, we’ll get into each of these loan products and share which ones investors are taking advantage of today.
Plus, if you’re struggling to find cash flow in today’s tough housing market, our lenders offer some simple but significant solutions to boost your ROI and help you build your portfolio. Do you have an adjustable-rate mortgage? If so, you MUST heed our commercial lender’s words, as you could get a surprise increase in your monthly mortgage very soon.
In This Episode We Cover
Top lenders’ mortgage rate predictions and updates on today’s rates
Why mortgage rates haven’t fallen faster and why there’s hope on the horizon
Trending loan products investors are using to build their real estate portfolios even with high rates
Why commercial lenders are getting cautious and starting to deny this one type of loan
ADU (accessory dwelling unit) lending updates and why it could be easier to get ADU funding soon
How to boost your cash flow and maximize your ROI WITHOUT buying more properties
And So Much More!
Links from the Show
Find an Agent
Find a Lender
BiggerPockets Forums
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Join BiggerPockets for FREE
On The Market
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Subscribe to The “On The Market” YouTube Channel
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Property Manager Finder
On The Market Podcast 185 - Top Lenders on Mortgage Rate Predictions + Loans You’ve NEVER Heard Of w/Caeli Ridge and Krystle and Kenny Simpson
BiggerPockets Daily Podcast 1263 - Investors: Stop Worrying About Interest Rates—Here’s Why Right Now Is the Time to Buy
On The Market Podcast 184 - Fannie Mae’s Mortgage Rate “Range” to Expect in 2024 and 2025
Connect with Caeli :
Caeli's BiggerPockets Profile
Caeli's Instagram
Caeli's LinkedIn
Caeli's Website
Connect with Krystle and Kenny:
Kenny's BiggerPockets Profile
Krystle's Instagram
Kenny's Instagram
Krystle's LinkedIn
Kenny's LinkedIn
Kenny's X/Twitter
The Simpson Team's Website
Jump to topic:
(00:00) Intro
(01:07) Mortgage Rate Predictions + Update
(08:16) Trending Loan Products
(11:29) Commercial Lenders Get Cautious…
(19:41) Everyone’s Building ADUs!
(26:29) Advice for 2024 Investors
(33:07) Work with a Solid Lender
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-220
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If you’re like most investors, you’ve probably asked yourself, “Should I pay off my rental property early?” With today’s high mortgage rates, troublesome inflation, low inventory, and risky economy, many investors don’t know whether it’s the right move to pay off their mortgage, reinvest in their properties, or go out and buy more. Paying down your debt gives you a guaranteed return, but with home prices still climbing, you could miss out on the sizable appreciation of getting another rental.
On today’s show, we’re going to debate which is the best move to make. Should you pay off debt, buy more investment properties, reinvest in your portfolio, or put more money down when you buy? Each investor has a different method for their next move, but thankfully, our expert panel gives their thought processes for figuring out which decision is best for your portfolio. Henry even shares his “three buckets” framework that EVERY investor should think through BEFORE investing or paying off a property.
We’ll also discuss the crucial calculations you can use to help you decide and avoid analysis paralysis if you’re stuck between choices. Plus, how a high-risk house flipper like James protects himself from downsides even during tough markets like today. Don’t pause on making moves that could help you reach financial freedom; stick around, and we’ll show you exactly how to know which moves to make in 2024’s housing market!
In This Episode We Cover
Whether to pay off your mortgage early, reinvest, or buy more properties
Why EVERY investor needs to calculate return on equity (ROE) on their portfolio
Is it too risky to invest today? Why James is making even more high-risk investments in 2024
The “three buckets” of your real estate portfolio that will help decide what you should do with your cash
What to do with extra money and how to make some serious passive income with private money lending
The only time when we would put a large down payment on a rental property
And So Much More!
Links from the Show
Find an Agent
Find a Lender
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Join BiggerPockets for FREE
On The Market
Join the Future of Real Estate Investing with Fundrise
Connect with Other Investors in the “On The Market” Forums
Subscribe to The “On The Market” YouTube Channel
Dave's BiggerPockets Profile
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Henry's BiggerPockets Profile
Henry's Instagram
James' BiggerPockets Profile
James' Instagram
Property Manager Finder
Should You Pay Off Your Mortgage Early or Invest?
BiggerPockets Real Estate 622 - ROE over ROI and Why Your “Cash Flow” Number is Deceiving
Books Mentioned in the Show
Real Estate by the Numbers by Dave Meyer
Start with Strategy by Dave Meyer
Jump to topic:
(00:00) Intro
(02:06) Too Risky to Invest?
(09:18) Pay Off Debt Instead?
(15:56) Value-Add and Reinvesting
(23:55) Putting More Money Down
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-219
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Owning real estate could get expensive—yes, even more expensive than it already is today. Insurance prices, property taxes, maintenance costs, and more are going through the roof, and there isn’t much stopping these costs from jumping even more. What’s accelerating the rise in these upkeep costs? Hotter summers, colder winters, and more natural disasters. Growing climate risk is making real estate deals harder and harder to pencil, and even some safer areas to invest are seeing sizable pricing upticks.
John Sheffield from ICE brings us the latest data on the financial impacts of climate risk in this episode. When we say “climate risk,” we know what you’re thinking: hurricanes, tornadoes, and wildfires. But that doesn’t even scratch the surface of what’s causing real estate expenses to jump. Areas of the US with once-cool summers are now experiencing record-breaking heat, increasing hail damage is denting roofs and breaking windows, and flooding has become the norm. These subtle climate effects have huge implications for your bottom line. So, what should you do to secure the profit you’re looking for on your next property?
John hits on the expenses that are rising the most, the areas where home upkeep costs could almost mirror monthly mortgage payments, and what investors must do when underwriting their next deal to account for this massive jump in expenses.
In This Episode We Cover
The actual cost of climate risk and the expenses that are seeing the most significant pricing surges
Why even areas without hurricanes, fires, or tornadoes are still at significant risk
Property tax problems and underfunded local governments that could quickly raise taxes
Insurance underpricing that could lead to even more expensive home protection
Areas where home prices could drop as a result of inflated home expenses
Where to find and track climate data so you know where (and where not) to invest
And So Much More!
Links from the Show
Find an Agent
Find a Lender
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Join BiggerPockets for FREE
On The Market
Join the Future of Real Estate Investing with Fundrise
Connect with Other Investors in the “On The Market” Forums
Subscribe to The “On The Market” YouTube Channel
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Property Manager Finder
BiggerPockets Real Estate 951 - BiggerNews: Why Low Mortgage Rates Can’t Solve Our Affordability Crisis
BiggerPockets Real Estate 895 - BiggerNews: How Climate is Exploding Insurance, Building, and Investing Costs
Growing Home Insurance Costs Will Destroy Your Cash Flow—Here’s What You Can Do About It
Jump to topic:
(00:00) Intro
(01:31) Costly Climate Risk
(07:56) A Huge Insurance Problem
(14:31) Property Taxes and Utility Costs
(20:38) Maintenance Inflation
(22:54) What Investors Must Do
(25:22) Prices Could Drop Here
(30:08) Where to Find Climate Data
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-218
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The unemployment rate begins to rise as job growth slows in the latest jobs report, prompting many to wonder, “Will this finally lead to interest rate cuts?” With so many investors waiting and hoping for rates to fall, this metric may point to exactly what the Fed is looking for. But while waiting for rate cuts, investors could miss out on a huge opportunity to buy at discounted prices. If you’re sitting on the sidelines, you could be making a big mistake. What do we mean? We’re getting into it all in this headlines show!
We’ve got four economic news stories to discuss today, ranging from Redfin’s $9.25 million settlement as part of the agent commission lawsuits to new jobs report numbers and what Americans really think about the economy. First, we’ll touch on Redfin news as the discount brokerage settles in what seems to be the never-ending NAR lawsuit. Next, Americans think now is the worst time to buy a house. Do we disagree? Not really! But, we do believe it could get even worse very soon for those who don’t buy before it’s too late.
Next, we’ll review the latest jobs numbers, from rising unemployment to slowing growth, and whether this will prompt the Fed to finally cut rates. Lastly, we’ll hit on consumer sentiment and America’s growing economic pessimism. With so many Americans living in financial fear, why aren’t we seeing a drop-off in travel and consumer spending? If you’re listening to this episode on a plane to Europe with your designer bag and $500 headphones, we’re talking about you! Stick around as we break down the top economic headlines and their impacts on the housing market.
In This Episode We Cover
The latest agent commission settlement and the huge payout from Redfin
Is now the worst time to buy a house, and what happens if home prices keep rising?
The one type of real estate that may see a serious uptick in demand over the next few years
New jobs report numbers and whether this could finally prompt the Fed to lower rates
Consumer sentiment and the extremely confusing economic pessimism we’re seeing now
Why you DON’T have to wait for rates to drop to get your next real estate deal
And So Much More!
Links from the Show
Find an Agent
Find a Lender
BiggerPockets Forums
BiggerPockets Agent
BiggerPockets Bootcamps
Join BiggerPockets for FREE
On The Market
Join the Future of Real Estate Investing with Fundrise
Connect with Other Investors in the “On The Market” Forums
Subscribe to The “On The Market” YouTube Channel
Dave's BiggerPockets Profile
Dave's Instagram
Henry's BiggerPockets Profile
Henry's Instagram
James' BiggerPockets Profile
James' Instagram
Property Manager Finder
Grab Dave’s Rent vs. Buy vs. House Hack Calculator
Articles from This Episode:
Redfin
Worst Time to Buy
Jobs Report
Consumer Sentiment
Buy or Rent?
Jump to topic:
(00:00) Intro
(01:13) Redfin Settles in Commission Lawsuit
(06:03) Worst Time to Buy a House?
(16:25) Job Growth Slows, Will Rates Drop?
(27:47) Economic Pessimism Peaks
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-217
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Squatters' rights have been a serious subject of debate over the past few years. It seems that more and more investors and even one-off landlords are dealing with squatters staying in their homes, whether they’ve had a lease in the past or not. This puts landlords in a strange predicament: try to get squatters out the legal way or offer unconventional incentives to entice the squatters to leave on their own accord. But how can a landlord prevent squatters from getting inside in the first place?
Denise Medina and Patrick MacQueen, attorneys based in Detroit and Phoenix, are here to share exactly what a landlord must know about squatters’ rights and how to get a squatter out of your property legally. With new squatter laws taking effect in states like Florida, it seems that landlords and local governments have had enough. However, squatters’ rights remain strong in many other areas, such as James Dainard’s own Seattle, Washington. So what can landlords from either coast do to get squatters out?
We’ll break down where squatters’ rights even came from, how landlords can get the legal upper hand and get a squatter OUT of their property, the exact steps a landlord should take, the prevention methods to stop squatting in the first place, and how James deals with squatters frequently without ever having to go to court!
In This Episode We Cover
Squatters’ rights explained, and the ancient laws that they’re based on
Why state governments are getting tired of squatters and tightening up their laws
What qualifies someone as a “squatter,” and why it’s MUCH broader than you think
Evictions 101 and the steps every landlord should take to get a squatter out
“Cash for keys” and maneuvering around the courts to remove squatters
Trespassing vs. squatting and why the police CANNOT simply come and take a squatter away
And So Much More!
Links from the Show
Find an Agent
Find a Lender
BiggerPockets Forums
BiggerPockets Agent
BiggerPockets Bootcamps
Join BiggerPockets for FREE
On The Market
Join the Future of Real Estate Investing with Fundrise
Connect with Other Investors in the “On The Market” Forums
Subscribe to The “On The Market” YouTube Channel
Dave's BiggerPockets Profile
Dave's Instagram
James' BiggerPockets Profile
James' Instagram
Property Manager Finder:
biggerpockets.com/findapm
Learn to Be a Landlord with the BiggerPockets Bootcamps
Real Estate Rookie Podcast 360 - Trespassers Took Over My Property! (How to Get Rid of Squatters ASAP)
BiggerPockets Real Estate 390 - 7 Figures From ONE Deal With Leka Devatha
Connect with Denise:
https://www.thefgfirm.law/attorneys/denise-medina/
Connect with Patrick:
www.medalistlegal.com
Jump to topic:
00:00) Intro
(02:17) "Squatting" Explained
(06:00) A Rise in Squatters?
(10:22) Squatters' Rights
(19:01) What Landlords Can Do
(26:19) Tips for Landlords
(28:15) How Squatting is Changing
(33:03) Cash for Keys
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-216
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The housing market has seen unprecedented home price growth in the 2020s. Already, we’ve almost beat the past three decades, and we aren’t even halfway through our own. And now, with home price growth slowing, many people wonder how we’re still in a position of high housing costs and low inventory. The answer is simple: “Switching costs” are holding the housing market in limbo, and the more you know about them, the more our current situation makes sense.
Put simply, “switching costs” are not only the financial but also the psychological costs of selling your current home and buying a new one. With mortgage rates close to double what most Americans have locked in, there’s a substantial financial consideration when purchasing a new home. Lance Lambert, co-founder of ResiClub and housing data authority, is on the show today to talk about home prices, housing inventory, and how “switching costs” influence both.
Lance details how our massive home price acceleration put many Americans in an affordability bind, making “switching costs” higher than in recent history. So, how do we cross the threshold to enter a time when “switching costs” are low, prices are stable, and housing inventory returns? Lance walks through exactly how to tell the direction your local housing market is going in and the data investors must look at to get a better sense of how home prices and housing inventory are trending.
In This Episode We Cover
“Switching costs” explained and why they’re keeping the US housing market in limbo
The “lock-in effect” that’s suppressing our housing inventory and keeping owners from selling
Inflation’s sizable role in the massive home price appreciation we’ve been seeing
The slow recovery in active listings and how far behind pre-pandemic levels we are
The one data point you must follow if you want to gauge how healthy your local housing market is
And So Much More!
Links from the Show
Find an Agent
Find a Lender
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BiggerPockets Bootcamps
Join BiggerPockets for FREE
On The Market
Join the Future of Real Estate Investing with Fundrise
Connect with Other Investors in the “On The Market” Forums
Subscribe to The “On The Market” YouTube Channel
Dave's BiggerPockets Profile
Dave's Instagram
On the Market 108 - How the Pandemic Polarized America’s Property Market w/Lance Lambert
On the Market 189 - The Fed’s Plan “Backfired,” Now They’re Scrambling w/Logan Mohtashami
National home price growth this decade has already surpassed that of the entire 1990s and 2010s
Read More from Lance:
https://www.resiclubanalytics.com/
Jump to topic:
(00:00) Intro
(01:27) Housing Inventory Update
(05:00) “Switching Costs” Shoot Up
(10:52) Are Owners “Locked-In”?
(16:04) Can Home Price Growth Last?
(21:36) How to Predict Your Market
(26:10) Connect with Lance!
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-215
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected].
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Multifamily syndications are getting squeezed. With short-term financing coming due and mortgage rates at multi-decade highs, syndicators are calling on their original investors to raise more money so they don’t lose the deal. The problem? If you’re an investor, how do you know if your additional investment will ever be returned? Could a syndication simply burn through your money without making any promising changes to the investment? What should you know BEFORE you put up the cash for a capital call? We brought two syndication experts, Brian Burke and Mauricio Rauld, on to share their tips for navigating capital calls.
Before we start, let’s clarify this isn’t exclusively a syndication or multifamily problem. Much of the commercial real estate market is facing financing problems as loans come due and mortgage rates stay high. However, this problem has become a lot more common for syndication investors since rates started rising. In this episode, we’ll break down what a capital call is, why syndications do them, whether or not you’re obligated to invest more, and what investors MUST look for before putting up cash.
If a capital call comes your way, we have the exact questions you should ask the syndicator to ensure your money is being used correctly. Plus, if you’re a syndicator or plan on being one in the future, we share the steps to pull off a capital call the right way and make your investors whole. Making the wrong move could cost not only your investor’s money but also your money and lead to serious legal consequences. Don’t get stuck in that spot; stick around!
In This Episode We Cover:
Capital calls explained, why they happen, and why they’re becoming common in multifamily
Syndications 101 and the reason they’ve become popular among passive investors
Commercial lending problems and the bridge loans that are squeezing multifamily investors
What investors MUST look for when a capital call comes their way and the questions to ask
The right way to execute a capital call and the steps every syndicator should follow
And So Much More!
Links from the Show
Find an Agent
Find a Lender
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Join BiggerPockets for FREE
On The Market
Join the Future of Real Estate Investing with Fundrise
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Subscribe to The “On The Market” YouTube Channel
Dave's BiggerPockets Profile
Dave's Instagram
Kathy's BiggerPockets Profile
Kathy's Instagram
BiggerPockets' Instagram
Recent Episodes with Brian:
On the Market 71 - The Multifamily “Bomb” is About to Blow, Here’s What You Need to Know
On the Market 147 - Top Multifamily Investors’ Advice for Buyers in 2023? DON’T Do It!
Real Estate Podcast 900 - The Truth About Real Estate Investing in 2024 (What Investors NEED to Know)
BiggerPockets Money 219 - Syndications: Everything You Need to Know BEFORE You Invest
Connect with Brian:
Brian's BiggerPockets Profile
Connect with Mauricio:
Mauricio's BiggerPockets Profile
Book Mentioned in the Show:
The Hands-Off Investor by Brian Burke
Jump to topic:
(00:00) Intro
(03:24) What’s a Syndication?
(08:05) Multifamily is Getting “Squeezed”
(12:57) Why “Capital Calls” Happen?
(16:20) What Investors MUST Look For
(22:25) Sponsor Loans and Raising More Money
(28:26) Ask THESE Questions
(37:56) The Right Way to Capital Call
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-214
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected].
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Texas and Florida are seeing stagnating home prices as housing inventory booms while demand slips away. Housing is still expensive, but with more inventory, why is it staying that way? While the southern states catch their breath from the unprecedented demand of 2020 - 2022, a new housing market is taking control as one of the hottest areas in America. Is it all hype, or could this housing market really be a winner? We’re touching on this week’s news in today’s headlines episode!
But first…shrimp. How much shrimp is too much shrimp? Apparently, miscalculated shrimp is a very costly mistake, as a beloved American chain restaurant could be declaring bankruptcy due to a costly “all you can eat” deal gone wrong. But before we get into crispy bottom feeders, we’ll talk about the home price woes Florida and Texas are facing as their inventory booms, but home prices stay stagnant. Speaking of stagnation, we discuss “stagflation” and whether or not this economy-killer could hit the US.
With Americans getting fed up with the South’s high prices, a new Midwest market has been named America’s new #1 housing market, but would WE invest in it? From market saturation to stagflation, shrimp miscalculations, and top housing markets, we’re wrapping up this week’s economic news so you can invest better than the rest, so stick around!
In This Episode We Cover:
Southern inventory booms and why home prices are stagnating in once “hot” markets
The nation’s new #1 housing market in a surprisingly small city you probably haven’t heard of
Growing love for affordable housing markets and why so many Americans and businesses are moving
Stock market sliding and the real fear that “stagnation” could hit the US economy
The one chain restaurant that may be going bankrupt because of a jumbo-shrimp-sized miscalculation
And So Much More!
Links from the Show
Find an Agent
Find a Lender
BiggerPockets Forums
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BiggerPockets Bootcamps
Join BiggerPockets for FREE
On The Market
Join the Future of Real Estate Investing with Fundrise
Connect with Other Investors in the “On The Market” Forums
Subscribe to The “On The Market” YouTube Channel
Dave's BiggerPockets Profile
Dave's Instagram
Henry's BiggerPockets Profile
Henry's Instagram
Kathy's BiggerPockets Profile
Kathy's Instagram
James' BiggerPockets Profile
James' Instagram
BiggerPockets' Instagram
Headlines from Today’s Show:
Texas and Florida Home Prices
New #1 Housing Market
Stagflation
Shrimp
Jump to topic:
(00:00) Intro
(00:55) Texas and Florida’s Inventory Booms
(07:31) #1 Housing Market in America
(15:06) Next Stop, Stagflation?
(23:46) Going Bankrupt On Shrimp
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-213
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 -
When housing inventory is low, where do you go? Foreclosure rates are down, short sales are a hassle, and the open housing market has barely any sellers—is there a better way to find deals? Yes! Enter real estate receivership—the hidden housing inventory that our own James Dainard has been using for years to get better deals than what’s on the market. How do they work, and what’s behind these discounted deals?
Attorney Jake Flothe works with receiverships daily and has seen the inside and out of these transactions that most real estate investors know nothing about. In short, receivership is when a court-appointed receiver takes control of a property in order to sell it to pay back creditors on the borrower’s behalf. This alternative to foreclosure and bankruptcy helps many real estate investors and everyday Americans escape a financial bind and can bring better properties to your investment portfolio.
Jake gets into the nitty gritty of why someone would go into receivership, how to finance these discounted deals, the vast benefits of receivership over foreclosure or short sales, what the bidding and buying process looks like, and the one clause that could kick you out of an amazing receivership deal.
In This Episode We Cover:
The hidden inventory of “receiverships” that most investors have no idea about
Why receivership real estate may be an even better deal than foreclosures
The bidding process and how to start putting in offers on these discounted deals
A BIG reason why foreclosures are down and receiverships are “ramping up”
One clause that could completely ruin your receivership deals
Why YOU may need to consider receivership if your deal goes sideways
And So Much More!
Links from the Show
Find an Agent
Find a Lender
BiggerPockets Forums
BiggerPockets Agent
BiggerPockets Bootcamps
Join BiggerPockets for FREE
On The Market
Join the Future of Real Estate Investing with Fundrise
Connect with Other Investors in the “On The Market” Forums
Subscribe to The “On The Market” YouTube Channel
Dave's BiggerPockets Profile
Dave's Instagram
James' BiggerPockets Profile
James' Instagram
BiggerPockets' Instagram
What is a Foreclosure? The Complete Guide
HousingWire CEO: This Inventory Shortage Could Last Decades
Connect with Jake:
Jake's LinkedIn
Jake's Website
Jump to topic:
(00:00) Intro
(01:50) What is Receivership?
(06:05) Can You Finance It?
(07:40) Better Than Short Sales?
(11:54) Bidding and Buying
(16:36) Receivership is “Ramping Up”
(21:20) The “Bump” Clause
(23:33) Fewer Foreclosures?
(24:36) How to Buy Receivership Properties
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