62 min listen
34: Crash or Correction: Are We Repeating 2008’s Mistakes?
FromOn The Market
ratings:
Length:
64 minutes
Released:
Sep 12, 2022
Format:
Podcast episode
Description
Home sales are starting to slump, days on market continue to climb, and price drops are becoming the new norm. Are we on the cusp of a 2008 housing market crash repeat? Or, are these eerily similar signs of a large-scale sell-off just coincidental, without much backing behind them? The On The Market Team wanted to know exactly how close we are to repeating the same mistakes from fourteen years ago, and whether or not the runup in buying activity over 2020 and 2021 could lead to a lackluster housing market for years to come.
We’ve brought our entire panel of experts back on the show so we can get an up-to-date read on everything happening in today’s housing market. With fears of a recession on the horizon, buyers and sellers live in fear of what could happen next. But are these “panicky” investors looking at the full data set that Dave and the rest of the team have been able to dig up?
In this episode, we’ll compare four of the most important metrics that could influence today's housing market to 2008 data. These include consumer debt and mortgage quality, defaults and home foreclosures, housing market inventory, and appreciation and growth rates. Are we closer to a housing market apocalypse than we thought or are media outlets using a “crash” as a fear tactic to keep homebuyers out of the loop?
In This Episode We Cover
August housing market data and whether or not real estate still looks strong
Crash vs. correction predictions and which way the market could slide
Mortgage quality stats and where modern-day homebuyers stand when compared to 2008
A massive year-over-year increase in foreclosures and how it may hurt the housing market
Demographic data that could force first-time homebuyers to get even more desperate
Lessons learned from the 2008 crash and what experts and investors warn against
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
Dave’s Instagram
Henry's BiggerPockets Profile
Henry's Instagram
James' BiggerPockets Profile
James' Instagram
Jamil's BiggerPockets Profile
Jamil's Instagram
Kathy's BiggerPockets Profile
Kathy's Instagram
Hear Our Interview About Foreclosures with Rick Sharga
Get Redfin’s Up-To-Date Housing Market Data
Key Takeaways From the ’08 Recession That Apply Today
Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-34
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!
We’ve brought our entire panel of experts back on the show so we can get an up-to-date read on everything happening in today’s housing market. With fears of a recession on the horizon, buyers and sellers live in fear of what could happen next. But are these “panicky” investors looking at the full data set that Dave and the rest of the team have been able to dig up?
In this episode, we’ll compare four of the most important metrics that could influence today's housing market to 2008 data. These include consumer debt and mortgage quality, defaults and home foreclosures, housing market inventory, and appreciation and growth rates. Are we closer to a housing market apocalypse than we thought or are media outlets using a “crash” as a fear tactic to keep homebuyers out of the loop?
In This Episode We Cover
August housing market data and whether or not real estate still looks strong
Crash vs. correction predictions and which way the market could slide
Mortgage quality stats and where modern-day homebuyers stand when compared to 2008
A massive year-over-year increase in foreclosures and how it may hurt the housing market
Demographic data that could force first-time homebuyers to get even more desperate
Lessons learned from the 2008 crash and what experts and investors warn against
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
Dave’s Instagram
Henry's BiggerPockets Profile
Henry's Instagram
James' BiggerPockets Profile
James' Instagram
Jamil's BiggerPockets Profile
Jamil's Instagram
Kathy's BiggerPockets Profile
Kathy's Instagram
Hear Our Interview About Foreclosures with Rick Sharga
Get Redfin’s Up-To-Date Housing Market Data
Key Takeaways From the ’08 Recession That Apply Today
Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-34
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!
Released:
Sep 12, 2022
Format:
Podcast episode
Titles in the series (100)
6: The Not-So-Scary Way to Start Buying Real Estate in 2022: Maybe you wanted to know how to invest in real estate back in early 2020. You took some time to educate yourself by listening to podcasts and reading books. Then you went and got preapproved, found yourself an agent, and were ready to start hitting the pavement, searching for your first real estate deal. While you were on your hunt for profitable houses, the world started to shut down. Everyone was forced inside, the real estate market locked up, and you thought “maybe I should wait this one out.” Now, it’s 2022, and the housing market is arguably the most competitive it has been in decades. You missed your shot, right? Now you can never invest in real estate…or so you think. Dave Meyer, On The Market Host and VP of Data and Analytics at BiggerPockets, is here with Henry Washington, Jamil Damji, and Kathy Fettke to argue that you should still be investing in real estate. Even with rising interest rates, high home prices, and by On The Market