Today’s housing market has a lot of people scared, and investors are worried as well. Home prices are starting to slump, inflation is hitting decade-long peaks, and interest rates have turned everyone’s cash flow cushions into break-even deals at best. Is there any respite in the wild real estate market? And why do top investors seem so excited about it? We’re back on another correspondents episode of “On the Market,” where Professor Dave has asked students Henry, James, and Kathy to bring in their favorite real estate market news for show-and-tell. These stories hit different aspects of the housing market, showcasing the cracks forming in the overall economy and what investors need to be prepared for to react. We talk about how home flips are being discounted across expensive coastal cities, why rent price growth is starting to stall, and how buyers got their negotiation power back. We’ll also be touching on the recent inflation data, showing that we have a long way to go until we return to the good ol’ days of two-percent price growth. Then, we take a request from the On the Market Forums where we answer an age-old question: When should you sell a BRRRR property? All this, and more, coming up on this week’s data-first housing market deep dive!
00:00 Intro 02:12 Another Nasty Inflation Report 08:42 Home Flips on Discount 16:26 Rent Prices Start to Stall 26:42 Buyers Regain Control 36:46 Crowd Source: When to Sell a BRRRR? ~~~~ Join BiggerPockets for FREE 👇 https://www.biggerpockets.com/signup?… ~~~~ Listen to The “On The Market” Podcast Wherever You Listen to Podcasts: Spotify: https://open.spotify.com/show/2NlzZ9N… Apple Podcasts: https://podcasts.apple.com/us/podcast… BiggerPockets: https://www.biggerpockets.com/podcast… ~~~~ Join the Future of Real Estate Investing with Fundrise: https://www.fundrise.com/bpmarket ~~~~ Order Dave’s New Book and Use Code “DAVE” For 10% Off! https://store.biggerpockets.com/produ… ~~~~ Find an Investor-Friendly Agent in Your Area: https://www.biggerpockets.com/agent/m… ~~~~ Find an Investor-Friendly Agent in Your Area: https://www.biggerpockets.com/agent/m… ~~~~ News Stories Mentioned in Today’s Podcast: NPR Price Drops: https://www.npr.org/2022/09/21/112427… Redfin Rent Growth: https://www.redfin.com/news/redfin-re… USA Today Punch List: https://www.usatoday.com/story/money/… ~~~~ Connect with Dave and Our Panel of Guests: Dave Meyer: https://www.biggerpockets.com/users/d… Henry Washington: https://www.biggerpockets.com/users/h… James Dainard: https://www.biggerpockets.com/users/h… Jamil Damji: https://www.biggerpockets.com/users/j… Kathy Fettke: https://www.biggerpockets.com/users/k… ~~~~ Follow Dave and Our Guests on Instagram: Dave: @thedatadeli or https://www.instagram.com/thedatadeli/ Henry: @thehenrywashington or https://www.instagram.com/thehenrywas… James: @jdainflips or https://www.instagram.com/jdainflips/ Jamil: @jdamji or https://www.instagram.com/jdamji/ Kathy: @kathyfettke or https://www.instagram.com/kathyfettke/ BiggerPockets: @biggerpockets or https://www.instagram.com/biggerpockets/ Episode 48 Show notes at: https://www.biggerpockets.com/blog/on… #biggerpockets #onthemarket #onthemarket48