61 min listen
67: The 8 Worst and BEST Housing Markets of 2023
FromOn The Market
ratings:
Length:
56 minutes
Released:
Jan 6, 2023
Format:
Podcast episode
Description
What's the best housing market for real estate investing? If this were 2022, we'd say cities like Boise, Austin, or Phoenix, but things have changed, and many of last year's top real estate markets look like this year's losers. So which cities are the ones worth investing in over the next year? Which will see population, job, and home price growth? And which markets can you expect to sink even lower as interest rates rise and the threat of a recession looms?
We've got a few housing market experts around to help you navigate the plethora of property markets in the United States. James Dainard, master house flipper on the west coast, has a surprising prediction on an often underrated east coast city. Jamil Damji, one of the nation's largest wholesalers, is bearish on what was once a hot market and bullish on a "unicorn" city between two cultural capitals. Kathy Fettke, the Golden State's home builder and investor, picks a fight with a familiar character and has her eyes set on another sunshine state.
And, of course, we also get Dave Meyer's take on where the data says will be the worst and best real estate market to invest in during 2023. So place your bets, get your MLS search ready, and prepare to see which markets will come out on top over the next year. If you're thinking of buying or selling, these picks may completely change your plans!
In This Episode We Cover
The best and worst real estate markets to invest in over the next year
Why so many real estate investors remain bearish on California (even with high appreciation!)
The one real estate market investors love to hate, and a good reason many people are moving
How more prominent economic factors like employment and income significantly impact your investment in a city
The "unicorn" real estate market that has stayed under the radar for decades
Why some of the worst cities to invest in during 2023 will flip in 2024
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
Jamil's BiggerPockets Profile
Jamil's Instagram
James' BiggerPockets Profile
James' Instagram
Kathy's BiggerPockets Profile
Kathy's Instagram
Hear Our 2022 Housing Market Predictions
Rocket Mortgage’s Top Real Estate Markets of 2022
Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-67
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!
We've got a few housing market experts around to help you navigate the plethora of property markets in the United States. James Dainard, master house flipper on the west coast, has a surprising prediction on an often underrated east coast city. Jamil Damji, one of the nation's largest wholesalers, is bearish on what was once a hot market and bullish on a "unicorn" city between two cultural capitals. Kathy Fettke, the Golden State's home builder and investor, picks a fight with a familiar character and has her eyes set on another sunshine state.
And, of course, we also get Dave Meyer's take on where the data says will be the worst and best real estate market to invest in during 2023. So place your bets, get your MLS search ready, and prepare to see which markets will come out on top over the next year. If you're thinking of buying or selling, these picks may completely change your plans!
In This Episode We Cover
The best and worst real estate markets to invest in over the next year
Why so many real estate investors remain bearish on California (even with high appreciation!)
The one real estate market investors love to hate, and a good reason many people are moving
How more prominent economic factors like employment and income significantly impact your investment in a city
The "unicorn" real estate market that has stayed under the radar for decades
Why some of the worst cities to invest in during 2023 will flip in 2024
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
Jamil's BiggerPockets Profile
Jamil's Instagram
James' BiggerPockets Profile
James' Instagram
Kathy's BiggerPockets Profile
Kathy's Instagram
Hear Our 2022 Housing Market Predictions
Rocket Mortgage’s Top Real Estate Markets of 2022
Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-67
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!
Released:
Jan 6, 2023
Format:
Podcast episode
Titles in the series (100)
3: 8 Homerun Housing Markets of 2022 (and Beyond!): When choosing a 2022 housing market strategy, you’ll need a few key ingredients. Things like job growth, population growth, affordability, and new construction are just a few ways to see whether or not a real estate market will stand the test of time. As the housing market begins to see some stalled demand and we enter into potentially “bubblicious” territory, the smart investor begins looking for the best place to park their money for the long term.Back again for our second episode of On The Market is VP of Data and Analytics at BiggerPockets, Dave Meyer, buy-and-hold addict, Henry Washington, head honcho of wholesaling, Jamil Damji, and our resident Californian, Kathy Fettke. This time, we’ll be touching on the latest data and news claiming that the US is starting to enter into a housing market bubble and how demand has sharply declined since interest rates have begun to rise.We also share our favorite 2022 housing market picks for by On The Market