61 min listen
103: Q2 2023 Housing Market Update: Homebuying Could Get MUCH Harder
FromOn The Market
ratings:
Length:
53 minutes
Released:
May 12, 2023
Format:
Podcast episode
Description
Homebuyers are gearing up for a hot summer housing market as demand starts to surge. At the beginning of 2023, nobody thought it possible that we’d be in the position we’re in today. Days on market have shrunk in some areas as listing attendance explodes and buyers' home-owning dreams resurface. But it’s not all sunshine and rainbows in the world of real estate; something bleak is on the horizon for large-scale investors.
We’re halfway through Q2 of 2023, and the real estate market is changing fast month by month. Multifamily buyers are sitting on the sidelines, foaming at the mouth to dig in on deals that will soon be dead, but primary residence shoppers are facing another challenge. With a lack of inventory and mortgage rates on the verge of falling again, the buyers who were kicked out of the market last year are hungry to get back in the game.
Don’t know whether now is the right time to buy your next rental property? Kathy and James give up-to-date advice on what they’re pursuing in today’s market and whether or not now is the time to get aggressive. If you want to get the data these (and many other) experts use to make their investment decisions, check out Dave’s newest Q2 housing market report!
In This Episode We Cover
A Q1 housing market roundup and why the market flipped even with high mortgage rates
New inflation data and why consumer prices aren’t dropping yet
Whether or not another interest rate hike could hit homebuyers this year
Housing demand and why sellers are seeing a BIG boost in buyer activity
Our Q2 housing market predictions and what to do if you’re on the fence about investing
The BEST online sources to pull housing data from, plus Dave’s newest Q2 housing market report
And So Much More!
Links from the Show
Find an Agent
Find a Lender
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
James' BiggerPockets Profile
James' Instagram
Kathy's BiggerPockets Profile
Kathy's Instagram
Grab the Q2 Report
Past Episodes Mentioned in Today’s Show:
Altos Research
Rocket Mortgage
Connect with Other Investors on the “On the Market” Forums
Data Sources Mentioned:
FRED
Housing Wire
Marcus and Millichap
Redfin Data
Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-103
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.
We’re halfway through Q2 of 2023, and the real estate market is changing fast month by month. Multifamily buyers are sitting on the sidelines, foaming at the mouth to dig in on deals that will soon be dead, but primary residence shoppers are facing another challenge. With a lack of inventory and mortgage rates on the verge of falling again, the buyers who were kicked out of the market last year are hungry to get back in the game.
Don’t know whether now is the right time to buy your next rental property? Kathy and James give up-to-date advice on what they’re pursuing in today’s market and whether or not now is the time to get aggressive. If you want to get the data these (and many other) experts use to make their investment decisions, check out Dave’s newest Q2 housing market report!
In This Episode We Cover
A Q1 housing market roundup and why the market flipped even with high mortgage rates
New inflation data and why consumer prices aren’t dropping yet
Whether or not another interest rate hike could hit homebuyers this year
Housing demand and why sellers are seeing a BIG boost in buyer activity
Our Q2 housing market predictions and what to do if you’re on the fence about investing
The BEST online sources to pull housing data from, plus Dave’s newest Q2 housing market report
And So Much More!
Links from the Show
Find an Agent
Find a Lender
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
James' BiggerPockets Profile
James' Instagram
Kathy's BiggerPockets Profile
Kathy's Instagram
Grab the Q2 Report
Past Episodes Mentioned in Today’s Show:
Altos Research
Rocket Mortgage
Connect with Other Investors on the “On the Market” Forums
Data Sources Mentioned:
FRED
Housing Wire
Marcus and Millichap
Redfin Data
Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-103
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.
Released:
May 12, 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