64 min listen
63: Redfin’s 2023 Forecast: Sales Slump, Rates Drop, and The Forever-Renters
FromOn The Market
ratings:
Length:
34 minutes
Released:
Dec 23, 2022
Format:
Podcast episode
Description
There are few things more critical to a real estate investor than home prices, mortgage rates, and rent. Thankfully, those are three subjects that Redfin decided to tackle in their new 2023 housing market predictions list. But are these housing market projections the truth, or is the data showing something else entirely? We’ve got Dave to fly solo this episode to break down these hot housing market takes to see which could truly come true in 2023.
Welcome back to On the Market. As we wind down the year, we’re wrapping up as many real estate predictions and forecasts as possible so we can give you, the investors, the best chance of success in 2023! And although many of you have asked for Dave’s crystal ball (it’s just his head, people), he’s brought something even better today to share: cold, hard housing market data! We’ll be pinning it against Redfin’s predictions on mortgage rates, housing prices, home sales, rents, and construction for 2023.
Some of these predictions seem far more likely than others, as the future remains mysteriously shrouded in possibilities of a global recession or depression rocking the housing market over the next year. But let’s get to what you really want to know: which markets will be saved, how low rates will go, and when you can expect to get even better deals on investment properties. All that (and much more) is coming up, so tune in!
In This Episode We Cover
Redfin’s most significant housing market predictions of 2023
How low home sales could go as buyers and sellers stand in a stalemate
Mortgage and interest rate predictions and the three scenarios that could cause rates to drop
Whether or not a foreclosure crisis is on the horizon as home prices start to stall
The most secure real estate markets in 2023 and why the “winners” of 2021 and 2022 won’t be safe
The generation of forever-renters and why a nationwide rent drop isn’t as likely as it seems
Which property type will see the most construction and competition in building
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
Redfin’s 2023 Housing Market Predictions
Hear Our 2023 Housing Market Forecast
Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-63
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!
Welcome back to On the Market. As we wind down the year, we’re wrapping up as many real estate predictions and forecasts as possible so we can give you, the investors, the best chance of success in 2023! And although many of you have asked for Dave’s crystal ball (it’s just his head, people), he’s brought something even better today to share: cold, hard housing market data! We’ll be pinning it against Redfin’s predictions on mortgage rates, housing prices, home sales, rents, and construction for 2023.
Some of these predictions seem far more likely than others, as the future remains mysteriously shrouded in possibilities of a global recession or depression rocking the housing market over the next year. But let’s get to what you really want to know: which markets will be saved, how low rates will go, and when you can expect to get even better deals on investment properties. All that (and much more) is coming up, so tune in!
In This Episode We Cover
Redfin’s most significant housing market predictions of 2023
How low home sales could go as buyers and sellers stand in a stalemate
Mortgage and interest rate predictions and the three scenarios that could cause rates to drop
Whether or not a foreclosure crisis is on the horizon as home prices start to stall
The most secure real estate markets in 2023 and why the “winners” of 2021 and 2022 won’t be safe
The generation of forever-renters and why a nationwide rent drop isn’t as likely as it seems
Which property type will see the most construction and competition in building
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
Redfin’s 2023 Housing Market Predictions
Hear Our 2023 Housing Market Forecast
Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-63
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!
Released:
Dec 23, 2022
Format:
Podcast episode
Titles in the series (100)
10: How to Prepare for a Recession (and Profit!) in 2022: One man knows how to prepare for a recession arguably better than anyone else. He’s been able to build wealth during multiple different economic cycles, not only surviving but thriving in the process. With decades of experience in real estate investing, advising, and mentoring, J Scott, author of Recession-Proof Real Estate Investing, stands as a testament that not everyone gets washed away when an economic tsunami comes crashing down.We spend some time asking J about how we got to the current economic stage we’re in, what the economy looks like today, and how we can prepare ourselves for the future of high interest rates, falling asset prices, and real estate steals of the century. If you’re feeling anxious about investing in 2022, J Scott is the guest you should listen to. For our due diligence portion of the show, we’ll be asking James Dainard, Jamil Damji, and Kathy Fettke all about recession prep and rebalancing your real e by On The Market