58 min listen
17: Foreclosure Fears, “Emotional” Equity, and Big Buying Opportunities w/Rick Sharga
FromOn The Market
17: Foreclosure Fears, “Emotional” Equity, and Big Buying Opportunities w/Rick Sharga
FromOn The Market
ratings:
Length:
60 minutes
Released:
Jul 11, 2022
Format:
Podcast episode
Description
Will housing prices drop in 2022? There may seem like an obvious answer to this question, “of course with interest rates rising housing prices will drop.” But, that’s not exactly what the data shows, especially when you take into account that 2022 is not a normal housing market by any means. We had high demand, which is starting to cool, but housing prices are still far from affordable. And with so many homeowners enjoying huge equity boosts, is there even a possibility that foreclosures could fill the supply gap?
Instead of postulating about what will or won’t happen, we brought on an industry expert who can give a data-first decision on which way the housing market will move. Rick Sharga, EVP of Market Intelligence at ATTOM, knows the data. He spends the majority of his waking hours scanning through copious amounts of housing market information so he can give investors and real estate professionals a true, unbiased opinion on what will happen next.
Rick goes deep into demand, what’s causing it and whether or not it has been suppressed thanks to interest rate hikes. We also touch on the foreclosure “crisis” that never happened, how forbearance programs worked, and why we’re starting to (finally) see an uptick of foreclosures, many of which could make great investment properties. Lastly, you’ll hear why waiting out the housing market could be a move many investors shouldn’t make.
In This Episode We Cover
Why interest rate hikes are affecting the housing market faster than we thought
The possibility of a housing market crash and what it means for investors
Forbearance and foreclosures explained and what makes this market different from 2008
“Emotional equity” and how it could keep home prices high for years to come
Buying rental properties at auction and what to know before you make a bid
Why waiting for lower homes prices could cost you tens of thousands more
And So Much More!
Links from the Show
BiggerPockets Forums
BiggerPockets Agent
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
Find an Investor Friendly Agent in Your Area
Dave’s BiggerPockets Profile
Henry's BiggerPockets Profile
James' BiggerPockets Profile
Jamil's BiggerPockets Profile
Kathy's BiggerPockets Profile
Dave’s Instagram
Henry's Instagram
James' Instagram
Jamil's Instagram
Kathy's Instagram
Grab Your Ticket to BPCon 2022
BiggerPockets Podcast 604
ATTOM Insights for Real Estate Investors
Connect with Rick
Rick's LinkedIn
Rick's Twitter
Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-17
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!
Instead of postulating about what will or won’t happen, we brought on an industry expert who can give a data-first decision on which way the housing market will move. Rick Sharga, EVP of Market Intelligence at ATTOM, knows the data. He spends the majority of his waking hours scanning through copious amounts of housing market information so he can give investors and real estate professionals a true, unbiased opinion on what will happen next.
Rick goes deep into demand, what’s causing it and whether or not it has been suppressed thanks to interest rate hikes. We also touch on the foreclosure “crisis” that never happened, how forbearance programs worked, and why we’re starting to (finally) see an uptick of foreclosures, many of which could make great investment properties. Lastly, you’ll hear why waiting out the housing market could be a move many investors shouldn’t make.
In This Episode We Cover
Why interest rate hikes are affecting the housing market faster than we thought
The possibility of a housing market crash and what it means for investors
Forbearance and foreclosures explained and what makes this market different from 2008
“Emotional equity” and how it could keep home prices high for years to come
Buying rental properties at auction and what to know before you make a bid
Why waiting for lower homes prices could cost you tens of thousands more
And So Much More!
Links from the Show
BiggerPockets Forums
BiggerPockets Agent
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
Find an Investor Friendly Agent in Your Area
Dave’s BiggerPockets Profile
Henry's BiggerPockets Profile
James' BiggerPockets Profile
Jamil's BiggerPockets Profile
Kathy's BiggerPockets Profile
Dave’s Instagram
Henry's Instagram
James' Instagram
Jamil's Instagram
Kathy's Instagram
Grab Your Ticket to BPCon 2022
BiggerPockets Podcast 604
ATTOM Insights for Real Estate Investors
Connect with Rick
Rick's LinkedIn
Rick's Twitter
Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-17
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!
Released:
Jul 11, 2022
Format:
Podcast episode
Titles in the series (100)
21: A Supply-Starved Market and How Investors Are Already Taking Advantage: Is some alleviation from inflated home prices headed our way? Over the past two years, sellers have taken the housing market for a ride, getting dozens of offers on every listed house. No matter the condition, area, or age of the property, buyers were filling open houses every weekend just to make an over-asking offer on what should be a reasonably priced house. Now, the tables are starting to turn, and as a result, sellers are getting desperate. Interest rates are rising and buyers are backing out of the market by the dozen. Instead of twenty offers in a weekend, sellers are looking at two, and none of them are over asking price. This is good news for home buyers and great news for investors, as deals are becoming easier to come by while the housing market hysteria takes a breather. We brought the entire On The Market panel in this week to see where they’re finding deals, how their own markets are fairing, and by On The Market