The 2022 housing market doesn’t make a whole lot of sense. At the start of the year, competition was fierce, with bidding wars on every home and lines out the door just to view an open house. Now, in quarter three of this year, interest rates have hit decade-long highs, buyers are more in control, and days on market are starting to creep back up. As a homeowner, investor, or renter, you need to know what’s on the horizon so you can build wealth while others run for the hills. Joining us today are James Dainard, Jamil Damji, and Kathy Fettke, a gaggle of real estate veterans and the expert guests on BiggerPockets’ “On the Market” podcast. They’ve seen up markets, down markets, and confusing markets like today. As investors who touch almost all corners of the United States, with different areas of expertise, they bring the facts on what’s happening in today’s housing market. We talk about interest rate updates, when the “inventory crisis” will end, why demand has taken a nosedive, and whether or not it’s still a good time to buy real estate. We also talk about the state of the economy, inflation, and how the Federal Reserve may be working to put us into another recession. This up-to-date episode will give you everything you need to make smart buying or selling decisions in today’s housing market.
Show Notes at: https://www.biggerpockets.com/blog/mo… ~~~~ Join the BiggerPockets Money Facebook Group: https://www.facebook.com/groups/bpmoney ~~~~ 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… ~~~~ Connect with James: https://www.biggerpockets.com/users/h… Instagram: @jdainflips or https://www.instagram.com/jdainflips/ YouTube: https://www.youtube.com/c/ProjectRE ~~~~ Connect with Jamil: BiggerPockets: https://www.biggerpockets.com/users/j… Instagram: @jdamji or https://www.instagram.com/jdamji/ YouTube: https://www.youtube.com/c/JamilDamji ~~~~ Connect with Kathy: BiggerPockets: https://www.biggerpockets.com/users/k… RealWealth: https://realwealth.com/ Grow Developments: https://growdevelopments.investnext.c… ~~~~ Want to Be a Guest on the BiggerPockets Money Show? Apply Here: Guests: https://www.biggerpockets.com/guest?u… Finance Friday: https://www.biggerpockets.com/finance… ~~~~ Connect with Scott and Mindy on BiggerPockets: Scott: https://www.biggerpockets.com/users/s… Mindy: https://www.biggerpockets.com/users/m… Episode #343 00:00 Intro 04:13 Interest Rates and Inflation Explained 12:35 Housing Market Predictions 21:57 Where Are Home Prices Headed? 29:05 Is Now the Time to Buy? 41:07 The Inventory Crisis 47:43 Connect with Our Guests! 48:51 Key Takeaways