62 min listen
170: The Hot Housing Market Returns? | Zillow’s 2024 Housing Market Predictions w/Orphe Divounguy
FromOn The Market
170: The Hot Housing Market Returns? | Zillow’s 2024 Housing Market Predictions w/Orphe Divounguy
FromOn The Market
ratings:
Length:
35 minutes
Released:
Dec 21, 2023
Format:
Podcast episode
Description
A “reset” could be coming to the housing market in 2024. As mortgage rates fall, inventory rises, and consumer wealth begins to grow, more and more renters are in the position to buy. An economic “trifecta” could form that brings us back into a hot housing market, but will it be anything like 2021 and 2022? We’ve got Orphe Divounguy, Senior Economist at Zillow, back on the show to give Zillow’s 2024 housing market predictions and share where he’s personally looking to invest.
2023 was an impossible year for homebuying. Rates were high, inventory was non-existent, and fears of a recession made Americans have second thoughts about buying real estate. But now, it looks like the Fed will land their so-called “soft landing” as the economy continues to slow but grow at a rate we’ve been waiting for. This is good news for housing.
If you want to hear what Zillow thinks could come next in 2024, what will happen to housing inventory, where Americans will move, and how a presidential election could impact the property market, this is the episode to watch. Be sure to subscribe to On the Market, as Orphe will be back to discuss even more housing market predictions with Redfin’s Chen Zhao.
In This Episode We Cover
Why the housing market could have a “big reset” in store for 2024
The economic “trifecta” that could put Americans in the perfect position to buy homes
Improving housing inventory and the BIG jumps made towards the end of 2023
2024 headwinds to watch out for and how a presidential election could freeze investing
Affordable markets that Americans are planning to move to in 2024
Where Orphe is looking to buy his next investment property (watch this market!)
And So Much More!
Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-170
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.
Learn more about your ad choices. Visit megaphone.fm/adchoices
2023 was an impossible year for homebuying. Rates were high, inventory was non-existent, and fears of a recession made Americans have second thoughts about buying real estate. But now, it looks like the Fed will land their so-called “soft landing” as the economy continues to slow but grow at a rate we’ve been waiting for. This is good news for housing.
If you want to hear what Zillow thinks could come next in 2024, what will happen to housing inventory, where Americans will move, and how a presidential election could impact the property market, this is the episode to watch. Be sure to subscribe to On the Market, as Orphe will be back to discuss even more housing market predictions with Redfin’s Chen Zhao.
In This Episode We Cover
Why the housing market could have a “big reset” in store for 2024
The economic “trifecta” that could put Americans in the perfect position to buy homes
Improving housing inventory and the BIG jumps made towards the end of 2023
2024 headwinds to watch out for and how a presidential election could freeze investing
Affordable markets that Americans are planning to move to in 2024
Where Orphe is looking to buy his next investment property (watch this market!)
And So Much More!
Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-170
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.
Learn more about your ad choices. Visit megaphone.fm/adchoices
Released:
Dec 21, 2023
Format:
Podcast episode
Titles in the series (100)
6: The Not-So-Scary Way to Start Buying Real Estate in 2022: Maybe you wanted to know how to invest in real estate back in early 2020. You took some time to educate yourself by listening to podcasts and reading books. Then you went and got preapproved, found yourself an agent, and were ready to start hitting the pavement, searching for your first real estate deal. While you were on your hunt for profitable houses, the world started to shut down. Everyone was forced inside, the real estate market locked up, and you thought “maybe I should wait this one out.” Now, it’s 2022, and the housing market is arguably the most competitive it has been in decades. You missed your shot, right? Now you can never invest in real estate…or so you think. Dave Meyer, On The Market Host and VP of Data and Analytics at BiggerPockets, is here with Henry Washington, Jamil Damji, and Kathy Fettke to argue that you should still be investing in real estate. Even with rising interest rates, high home prices, and by On The Market