61 min listen
82: The Crash That Didn’t Come: Has the Housing Market Already Bottomed?
FromOn The Market
ratings:
Length:
30 minutes
Released:
Feb 27, 2023
Format:
Podcast episode
Description
The housing market crash may be over already. With mortgage rates steadily dropping, buyer demand picking up, and competition creeping back in, this housing correction could have been one of the fastest and least severe downturns we’ve ever witnessed. Top forecasters have hinted at the housing market bottoming out, with some claiming that the “thawing” has already begun—but the data may point to something different. While there are signs of improvement compared to where we stood just a few months ago, some glaringly obvious data points could make this a much closer call than mainstream forecasters think.
Dave Meyer, your sandwich-eating, data-delving host, wanted to know precisely what would cause the housing market to hit its floor. He looks at both the demand and supply side of the housing market, touching on the variables that genuinely make a difference. We’re talking about mortgage rates, housing affordability, loan applications, housing supply, active listings, and more. But you don’t need a degree in Data Science to understand what’s happening behind the scenes.
Dave will explain exactly what is (and isn’t) impacting the housing market, what changes led to the state we’re in, and four scenarios that could play out in 2023 that might put a nail in this theory’s coffin. Betting on the housing market bottoming out? We’d suggest hearing the full story before you make your next investment.
In This Episode We Cover
Why top housing market forecasters believe that the housing market has found its bottom
Mortgage rate updates and why interest rates are falling while the Fed introduces more rate hikes
Housing affordability and why we may be moving away from the record-breaking unaffordability of late 2022
Mortgage applications and why homebuyers have decided to come back in 2023
Housing inventory and why more listings and longer days on market could suggest we aren’t through a correction just yet
The four scenarios that could play out in 2023 (and which is the MOST likely)
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
Altos Research
Goldman Sachs
Mortgage Bankers Association
WSJ
Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-82
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!
Dave Meyer, your sandwich-eating, data-delving host, wanted to know precisely what would cause the housing market to hit its floor. He looks at both the demand and supply side of the housing market, touching on the variables that genuinely make a difference. We’re talking about mortgage rates, housing affordability, loan applications, housing supply, active listings, and more. But you don’t need a degree in Data Science to understand what’s happening behind the scenes.
Dave will explain exactly what is (and isn’t) impacting the housing market, what changes led to the state we’re in, and four scenarios that could play out in 2023 that might put a nail in this theory’s coffin. Betting on the housing market bottoming out? We’d suggest hearing the full story before you make your next investment.
In This Episode We Cover
Why top housing market forecasters believe that the housing market has found its bottom
Mortgage rate updates and why interest rates are falling while the Fed introduces more rate hikes
Housing affordability and why we may be moving away from the record-breaking unaffordability of late 2022
Mortgage applications and why homebuyers have decided to come back in 2023
Housing inventory and why more listings and longer days on market could suggest we aren’t through a correction just yet
The four scenarios that could play out in 2023 (and which is the MOST likely)
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
Altos Research
Goldman Sachs
Mortgage Bankers Association
WSJ
Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-82
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!
Released:
Feb 27, 2023
Format:
Podcast episode
Titles in the series (100)
14: The Crash Predictors Are Wrong, Here’s Why with Logan Mohtashami: The housing market is confusing, to say the least. In 2020, at the start of lockdowns, nearly everyone you spoke to had the opinion that the housing market was headed straight for a crash. Not only was this wrong, but it was the opposite of what the data was saying. While mainstream news outlets and “2008 crash bros” were painting a picture of foreclosures, price drops, and bottomed-out demand, Logan Mohtashami was singing a far different tune. Logan had been looking diligently at the data (like he does most days over at HousingWire) and he saw patterns that didn’t at all reflect the last recession. Instead, Logan predicted a runup in prices, hot buyer demand, and very low rates of foreclosures. In a time when almost everyone with a public voice was calling for an apocalyptic housing scene, Logan predicted much differently. Now, two or so years later, we can see just how right he was. We’ve brought this beloved data- by On The Market