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Last week, the Federal Reserve both surprisingly and unsurprisingly raised rates. For weeks leading up to this meeting, investors had a glimmer of hope that the historical rate hikes would end and that we could finally look forward to a time of reasonable mortgage rates and sustainable home prices. But, even with high rates, the housing market has taken some surprisingly strong wins. We’ll get into today’s top real estate-related stories in this episode! Welcome back to another correspondents show where our “housing market data without the hysteria” expert guests bring in some of the most hard-hitting headlines that could affect real estate investors. Dave starts by professing his deep respect for Jerome Powell’s decision to hike rates even higher and goes into why the Fed could be playing “mind games” with the American people. Next, Henry hits on how home price drops just hit a new threshold not seen in over a decade! Back on the residential side, James breaks down the good news for February home sales, but soon after, Jamil and Kathy touch on commercial real estate stats that have banks, lenders, and investors starting to sweat. But, what could be bad news for some is great news for others, and if you’ve been looking to pick up steals and deals during a time when competition is low, now may be the PERFECT time to get in the market! ~~~~ Join BiggerPockets for FREE 👇 https://www.biggerpockets.com/signup?… ~~~~ Listen to The “On The Market” Podcast Wherever You Listen to Podcasts: BiggerPockets: https://www.biggerpockets.com/podcast… Apple Podcasts: https://podcasts.apple.com/us/podcast… Spotify: https://open.spotify.com/show/2NlzZ9N… ~~~~ Join the Future of Real Estate Investing with Fundrise: https://www.fundrise.com/bpmarket ~~~~ Find an Investor-Friendly Agent in Your Area: http://biggerpockets.com/agentmatch ~~~~ Watch Our Interview with Mark Zandi, Chief Economist at Moody’s Analytics, On the Recent Bank Failures:    • A “Slowcession” T…   ~~~~ Stories from Today’s Show: Home Prices Drop: https://www.cnn.com/2023/03/21/homes/… February Home Sales: https://www.nar.realtor/newsroom/exis… Commercial Real Estate Prices Slide: https://www.globest.com/2023/02/24/cr… Liquidity and Commercial Real Estate: https://www.marketwatch.com/story/ban… ~~~~ 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/j… 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 #91 Show notes at: https://www.biggerpockets.com/blog/on… 00:00 Intro 02:31 The Fed Raises Rates (AGAIN!) 10:23 Home Prices Finally Fall 17:20 Huge Housing Market Momentum 25:44 Commercial Real Estate Prices Crash 34:17 Lenders Tighten Their Purse Strings

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