64 min listen
174: Zillow and Redfin Top Economists Give Their 2024 Housing Market Predictions
FromOn The Market
ratings:
Length:
51 minutes
Released:
Jan 3, 2024
Format:
Podcast episode
Description
With doomsday headlines and lagging consumer confidence, how should you proceed in 2024? Time to get the advice of TWO senior economists! BiggerPockets’ Dave Meyer talks with ZILLOW’s Orphe Divounguy and REDFIN’s Chen Zhao to demystify the latest US economic indicators and provide you with strategies to thrive in this year’s housing market.
We’ll get into home prices, the incoming “affordability correction,” mortgage rate forecasts, and why next year could be significantly better for buyers. But that’s not all. Both Chen and Orphe share their outlook for the 2024 economy, the state of the American consumer, and what could happen as student loans kick back in, credit card delinquencies increase, and cash reserves run dry.
Finally, we’ll end things with Chen and Orphe’s list of real estate markets to watch and the pricey areas that may see a revitalized post-pandemic boom. If you want to know what to expect, where to invest, and if the hot housing market will return in 2024, stick around!
In This Episode We Cover:
Redfin and Zillow’s 2024 housing market predictions
The “weakening” American consumer and what this means for homebuying
2024 mortgage rates, “disinflation,” and where we could end up next December
The “affordability correction” that could help home buyers get their first house
Riskiest real estate markets in America that could see HUGE price cuts
Affordable markets to watch that have had rock-solid home prices
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
Hear Past “On the Market” Episodes with Chen and Orphe:
On The Market 151 with Chen
On The Market 150 Orphe (Ep. 1)
On The Market Orphe (Ep. 2)
2024 Housing Market Predictions: Home Prices, Interest Rates, & Opportunities
Connect with Orphe:
Orphe's LinkedIn
Orphe's Research
Tune into “Everyday Economics” with Orphe
Connect with Chen:
Economists Corner
Chen’s LinkedIn
Chen's Research
Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-173
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
We’ll get into home prices, the incoming “affordability correction,” mortgage rate forecasts, and why next year could be significantly better for buyers. But that’s not all. Both Chen and Orphe share their outlook for the 2024 economy, the state of the American consumer, and what could happen as student loans kick back in, credit card delinquencies increase, and cash reserves run dry.
Finally, we’ll end things with Chen and Orphe’s list of real estate markets to watch and the pricey areas that may see a revitalized post-pandemic boom. If you want to know what to expect, where to invest, and if the hot housing market will return in 2024, stick around!
In This Episode We Cover:
Redfin and Zillow’s 2024 housing market predictions
The “weakening” American consumer and what this means for homebuying
2024 mortgage rates, “disinflation,” and where we could end up next December
The “affordability correction” that could help home buyers get their first house
Riskiest real estate markets in America that could see HUGE price cuts
Affordable markets to watch that have had rock-solid home prices
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
Hear Past “On the Market” Episodes with Chen and Orphe:
On The Market 151 with Chen
On The Market 150 Orphe (Ep. 1)
On The Market Orphe (Ep. 2)
2024 Housing Market Predictions: Home Prices, Interest Rates, & Opportunities
Connect with Orphe:
Orphe's LinkedIn
Orphe's Research
Tune into “Everyday Economics” with Orphe
Connect with Chen:
Economists Corner
Chen’s LinkedIn
Chen's Research
Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-173
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:
Jan 3, 2024
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