Discover this podcast and so much more

Podcasts are free to enjoy without a subscription. We also offer ebooks, audiobooks, and so much more for just $11.99/month.

51: Huge Concessions, Cheap Labor, and Where Sellers are Hurting Most w/Niyi Adewole and Ryan Blackstone

51: Huge Concessions, Cheap Labor, and Where Sellers are Hurting Most w/Niyi Adewole and Ryan Blackstone

FromOn The Market


51: Huge Concessions, Cheap Labor, and Where Sellers are Hurting Most w/Niyi Adewole and Ryan Blackstone

FromOn The Market

ratings:
Length:
50 minutes
Released:
Nov 11, 2022
Format:
Podcast episode

Description

The housing market has shown homebuyers both fierce love and abuse throughout 2022. At the start of the year, offering anything other than twenty thousand above asking was seen as an insult to a seller. Now, the seller is offering you a foot massage on your way into their open house. But we’ve known about this for months. Rising rates paired with home prices that are still (arguably) too high have made homebuyers think twice about buying in the first place. But is this true in every real estate market?
We brought on two agents, both in very different markets, to get their take on whether or not the housing market has finally flipped. Niyi Adewole, Atlanta-based investor and real estate agent, spent the last couple of years helping himself and his clients build bigger portfolios. Ryan Blackstone, northwest Arkansas-based investor and realtor of our very own Henry Washington, has seen buyers start to bounce from his market, but not close to as fast as most would expect. 
Both these expert agents share exactly what’s happening in their real estate market and how buyers, sellers, and investors should prepare if they want to make moves in the next year or two. While Niyi and Ryan have different clientele, they’re coming to the same conclusions about where the housing market is headed, with extremely useful advice no matter where you stand right now. 
In This Episode We Cover
In-the-field advice from top agents in two hot housing markets
How buyers have taken control, and the concessions sellers are willing to make
Price drops, cheap labor, seller credits, and more good news for buyers
Whether or not buyers are dropping off as unaffordability spikes 
Days on market, active inventory, and other important metrics to pay attention to
Buying in down markets and why now may be the best opportunity to strike
And So Much More!
Links from the Show
Find an Investor-Friendly Real Estate Agent
BiggerPockets Forums
BiggerPockets Agent
BiggerPockets Bootcamps
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
Dave’s BiggerPockets Profile
Dave’s Instagram
Henry's BiggerPockets Profile
Henry's Instagram
Connect with Niyi and Ryan:
Niyi's BiggerPockets Profile
Ryan's BiggerPockets Profile
Niyi's Instagram
Ryan’s Real Estate Team

Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-51
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!
Released:
Nov 11, 2022
Format:
Podcast episode

Titles in the series (100)

The modern real estate investor doesn’t have time to research every headline and trend. That’s why BiggerPockets' Dave Meyer and his expert panel do it for you. Learn how to invest smarter in today’s economic environment.