62 min listen
35: The Unforgiving Impact That The New Home “Sell-Off” Could Cause
FromOn The Market
ratings:
Length:
29 minutes
Released:
Sep 16, 2022
Format:
Podcast episode
Description
For the past couple of years, new construction homes were the envy of the neighborhood. They had brand new granite countertops, walls without holes, and sometimes a garage door! In 2020 and 2021, homebuyers were happily bidding over asking price just to get a new home, even if that meant missing appliances or garages that couldn’t even close. Now, builders are offering incentives and slashing prices to get buyers through the door. What happened?
What comes up must come down, and this rings true in the 2022 housing market. New homes couldn’t be built fast enough last year, but now, builders are trying to liquidate their homes as quickly as possible. But this doesn’t affect us everyday homebuyers—right? Not quite. These price cuts and dwindling demand could feed an even more gruesome economic beast that many of us aren’t prepared for.
On this Friday episode of On The Market, Dave is flying solo as he gives us the data and insight behind the new construction market. He also touches on the three economic impacts of this large-scale sell-off. The housing market has been bumpy over the past few months, but it may get even wilder.
In This Episode We Cover
The new construction vs. existing homes market and how they differ in demand
Why homebuyers were willing to pay a premium for new homes but now are sitting silently
How a slowing construction market could lead to an even more intense housing supply shortage
The US economy and real estate market's impact from these price cuts
Whether or not existing homes will see an uptick in demand as new construction lags
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
On The Market Podcast 31
Is The Housing Market About to Collapse? What Investors Need to Know
National Association of Home Builders Data
Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-35
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!
What comes up must come down, and this rings true in the 2022 housing market. New homes couldn’t be built fast enough last year, but now, builders are trying to liquidate their homes as quickly as possible. But this doesn’t affect us everyday homebuyers—right? Not quite. These price cuts and dwindling demand could feed an even more gruesome economic beast that many of us aren’t prepared for.
On this Friday episode of On The Market, Dave is flying solo as he gives us the data and insight behind the new construction market. He also touches on the three economic impacts of this large-scale sell-off. The housing market has been bumpy over the past few months, but it may get even wilder.
In This Episode We Cover
The new construction vs. existing homes market and how they differ in demand
Why homebuyers were willing to pay a premium for new homes but now are sitting silently
How a slowing construction market could lead to an even more intense housing supply shortage
The US economy and real estate market's impact from these price cuts
Whether or not existing homes will see an uptick in demand as new construction lags
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
On The Market Podcast 31
Is The Housing Market About to Collapse? What Investors Need to Know
National Association of Home Builders Data
Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-35
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!
Released:
Sep 16, 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