On The Market BiggerPockets

When will housing prices drop? Will real estate prices go down, or are we stuck with ever-worsening affordability as home prices continue to rise? What’s the solution to affordable housing, and why can’t investors just build smaller, more affordable homes? Our panel of expert investors gets asked these questions all day, so in this episode, we’re taking the above questions and some others from the BiggerPockets Forums and throwing them at our seasoned investors to get their takes.
First, we ask, “What would have to happen for home prices to drop?” Investor or first-time homebuyer, you’ve probably asked yourself this question. We’ll give an in-depth scenario of the exact supply and demand factors that could cause prices to finally fall. Next, how to create affordable housing and why investors might be the answer. With high home prices, is it better to buy and hold or flip houses in today’s market? Plus, the experts share exactly WHICH markets they see the most potential in today. Finally, you’ll get the pro flipper’s tips for comping properties in a market with barely any home sales.
Do you have a question to ask the experts? Post it in the BiggerPockets Forums, and we may answer it on a future show! 

In This Episode We Cover
What would cause home prices to fall and affordability to improve (and if it’s likely)
The investor-friendly solution for affordable housing that could help you build wealth while providing much-needed housing
Flipping vs. renting and what will make you the most money in today’s market
The rarely talked about real estate markets with immense potential that we’d invest in today
How to comp (compare) properties when the market is changing and there are limited home sales
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
Henry's BiggerPockets Profile
Henry's Instagram
James' BiggerPockets Profile
James' Instagram
Kathy's BiggerPockets Profile
Kathy's Instagram
Property Manager Finder
See Henry, James, and Kathy at BPCON2024 in Cancun!
Ask Your Question on the BiggerPockets Forums


Jump to topic:
(00:00) Intro
(01:43) Could Home Prices Fall?
(07:43) How to Create Affordable Housing
(16:50) Best Time to Flip Houses?
(22:24) Where We’d Invest Today
(31:51) James’ Rules for Comping 
(34:02) Ask Your Question Here!

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-229
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Downward pressure on rent prices is causing a “cascade” effect across all unit types. Whether you live in a luxury apartment or budget-friendly multifamily building on a busy street, you’ve probably seen asking rents lowering around you with apartment concession offers in many leasing offices. With multifamily supply hitting “peak completions,” apartment operators have had to tackle rising vacancy rates by lowering rents. But this trend could be reversing soon, just as things were getting more affordable for renters.
Jay Parsons, rental housing economist, spends much of his day searching through rental data to find trends pointing to what could happen next. We’ve brought him on to understand why rents are dropping, where they could be heading, and what happens now that multifamily construction is starting to pause.
Jay speaks on the rebounding rental demand that’s starting to show, why our “oversupply” of multifamily could quickly become a shortage, which apartment classes are seeing significant rent price discounts, and whether or not these problems could spill over into the single-family rental market. Plus, Jay gives his outlook for the next few years on whether or not rent growth will reaccelerate as multifamily construction starts fall significantly.

In This Episode We Cover
A rental demand update and why rent prices are getting more affordable
What’s causing the recent demand rebound in the multifamily rental market?
Why our multifamily “oversupply” could quickly vanish and create a new problem
Growing demand for single-family rentals and why these investors may be in a better position
When rent growth could reaccelerate and supply could shrink once again
One growing risk multifamily investors must be aware of when choosing a market
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
Property Manager Finder
See Dave at BPCON2024 in Cancun!
Rent Prices Are “Guaranteed” to Increase Over the Next Two Years—Here’s Why

Connect with Jay:
Follow Jay on LinkedIn

Jump to topic:
(00:00) Intro
(01:38) Rental Demand Rebounding? 
(05:03) We're at "Peak Completions" 
(07:52) What's Being Built?
(12:14) Rent Cuts For All
(18:09) Single-Family Rental Supply Shrinks 
(21:04) Wage Growth Outpaces Rents
(23:12) Is It Better to Rent?
(26:19) Supply and Rent Predictions 
(30:33) Big Regulatory Risks

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-228
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.
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Will we finally get the rate cuts the Fed hinted at earlier this year? Has the job and housing market taken a big enough hit for us to still be concerned about inflation? And how are more Americans going mortgage-free during such economic uncertainty? The housing market is changing fast, but we’re here to break down all the latest data from recent headlines as we touch on inflation, rate cuts, housing market competition, foreclosure activity, and more!
We know what you want to hear about—rate cuts. We’ll touch on the latest Fed update in our first headline, as the chance of a 2024 rate cut increases with last week’s promising inflation data release. This is good news for homebuyers but may make getting a job (or keeping one) challenging. What do we mean? We’ll explain it all at the start of the show. Next, housing competition begins to drop as inventory increases and homes sit on the market longer. Will this lead to a decrease in home prices over the next year? One top listing site believes so.
With all this worry about mortgage rates, many Americans are going in the opposite direction as mortgage-free homeownership steadily increases. This could have long-lasting effects on housing inventory, but when will it hit? Finally, we touch on the increase in foreclosure activity and whether or not it’s a sign of a shaky housing market to come!

In This Episode We Cover
The Fed’s new rate cut prediction and how big the cut could be in 2024
Inflation rate updates and why financial markets celebrated last week
How a spike in new listings could lead to lower competition and on-market houses sitting longer
The steady increase in mortgage-free homeownership and what happens when these houses get inherited
Why foreclosure activity is starting to rise, but it may not mean what you think
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
Henry's BiggerPockets Profile
Henry's Instagram
James' BiggerPockets Profile
James' Instagram
Kathy's BiggerPockets Profile
Kathy's Instagram
Property Manager Finder
See Dave at BPCON2024 in Cancun!
Headlines from Today’s Show:
Rate Cuts
Housing Competition
Mortgage-Free Homeowners
Foreclosures
 
Book Mentioned in the Show:
Real Estate Deal Maker by Henry Washington

Jump to topic:
(00:00) Intro
(02:11) Fed Gives New Rate Prediction 
(08:41) Housing Competition Cools Off 
(22:07) Homeowners Go Mortgage-Free 
(31:06) Foreclosure Activity Increases 

Check out more resources from this show on BiggerPockets.com and  https://www.biggerpockets.com/blog/on-the-market-227
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.
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Multifamily sales are at the lowest point in the past four years. We haven’t seen transaction levels this low since the start of the pandemic and after the last housing crash. But, for buyers, this could point to some tremendous opportunities. With fewer sales could come higher cap rates, lower prices, and more profit per dollar spent on your next multifamily deal. The question is, how low will prices go, and when WILL be the right time to buy?
Xander Snyder, Senior Commercial Real Estate Economist at First American, joins the show to give us the latest update on multifamily sales, prices, cap rates, and even a prediction for 2025. Xander strongly argues that multifamily price declines could be far from over. With buyers patiently waiting for sellers to drop their prices and the cost of capital still so high, motivated sellers must act quickly to get a buyer, which could mean more price cuts.
We’ll also discuss why cap rates are expanding and how they’ve already jumped fifty percent in some markets. Plus, what could happen to rents as the “oversupply” of multifamily investments hits the market? An even better question is what happens when all that supply gets used up? We’re answering it all in this episode.

In This Episode We Cover
2024 multifamily transaction volume updates and why sales are so low
Cap rate expansion and why this is great news for buyers (but NOT for sellers)
Why multifamily price drops aren’t even close to finished
Rent price growth predictions and why multifamily investors shouldn’t be too sure that they can increase rents
How our multifamily “oversupply” could quickly become an undersupply 
What to expect from the multifamily market in 2024 and into 2025 (significant changes!)
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
Property Manager Finder
See Dave at BPCON2024 in Cancun!
Multifamily Is Likely To Start Recovering in 2024—Here’s Why
Follow Xander on X
Why Apartment Rents are Poised to Decline in Former Pandemic Hot Spots (Graph)


Jump to topic:
(00:00) Intro
(01:03) Multifamily Transactions at Rock-Bottom
(04:34) Why Volume is So Low
(06:29) Buyers Are Waiting for This
(08:38) Cap Rates Expand 
(13:53) Investors Will Have to Wait
(14:57) Will Prices Keep Declining? 
(17:38) Multifamily Rent Forecast
(19:36) The "Oversupply" Could Flip
(23:26) 2025 Predictions 

Check out more resources from this show on BiggerPockets.com and  https://www.biggerpockets.com/blog/on-the-market-226
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

Zero-down mortgages are back. That’s right. You can now get into a home with (potentially) zero dollars out-of-pocket. But wait…this is starting to sound a bit like 2008. Remember the fully-funded mortgages that didn’t require income verification? Are we back to the days of NINJA loans as homebuyers struggle with affordability, forcing them to take on zero-down loans? Not quite. We’ll explain why on this headlines show!
This time, we’re talking about the new zero-down mortgage loan. But that’s not all. One crucial housing metric has exploded, and if you sell, BRRRR, or flip houses, this is one metric you MUST pay attention to. Remember back in 2021 when lumber prices were so high that you needed to take out a personal loan to buy a toothpick? The mahogany tables have turned as we bring some good news for new construction investors and home renovators.
Lastly, we look overseas at the international housing markets that are seeing the biggest price drops and increases. We also share where we would invest abroad and whether or not we think these markets beat the good ol’ USA. Stick around for your latest housing market update on this headlines show! 

In This Episode We Cover
New zero-down mortgage loans and whether they’ll lead to risky home purchases
What you must know (and do) if you’re going to buy a home with low money down
The one home price metric you should pay attention to when flipping, rehabbing, or buying new construction
Good news for new builds and why lumber has finally returned to pre-pandemic price levels
The international housing markets seeing the biggest price drops, and whether we’d buy there or not
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
Henry's BiggerPockets Profile
Henry's Instagram
James' BiggerPockets Profile
James' Instagram 
Kathy's BiggerPockets Profile
Kathy's Instagram
Property Manager Finder
See Dave at BPCON2024 in Cancun!
No Money Down Loans: How Do They REALLY Work?
Zero-down mortgages are making a comeback
A key home price metric has skyrocketed since 2019
Federal Reserve rate stagnation impacts wood products markets
3 International Locations Where Housing Prices Are Plummeting Post-Pandemic

Jump to topic:
(00:00) Intro
(01:22) 0% Down Mortgages Return 
(14:13) Crucial Housing Metric JUMPS
(20:41) Lumber Prices Stabilize 
(26:51) International Home Prices Drop 

Check out more resources from this show on BiggerPockets.com and  https://www.biggerpockets.com/blog/on-the-market-225 
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

Wholesaling real estate may be banned nationwide within a few short years. After a new law was passed in South Carolina prohibiting the practice, other states started to follow their lead, making their own laws that limit or completely restrict wholesaling real estate. Why is this happening now, and if a nationwide wholesaling ban does get passed, are there loopholes for wholesalers to still make money assigning properties? South Carolina real estate attorney Gary Pickren is on the show to explain.
Gary is no stranger to wholesaling. He’s quick to tell you how crucial wholesaling has been to his business’s growth. But Gary isn’t trying to dance around the new laws and pretend that everything will be alright for real estate wholesalers. In fact, Gary believes that this new South Carolina law could change real estate wholesaling forever, and it may even be for the best.
We’ll describe the new South Carolina law and the legal verbiage that spells out the wholesaling ban. Gary even gives a completely legal way of getting around the new wholesaling law, but the rules MUST be followed. If you’re a wholesaler anywhere in the United States, this law directly affects you and your livelihood. Not staying up-to-date on this could, at best, cost you money or, at worst, land you behind bars.

In This Episode We Cover
Wholesaling explained and why the practice is currently in jeopardy
The newest South Carolina wholesaling law and its monumental effects on the industry
Wholesaling “assignments” defined and the risk of marketing a property in the wrong way
Whether or not this new law could lead to a nationwide ban on wholesaling 
Gary’s savvy way to get around this wholesaling ban through this one type of “contract”
Whether or not this new law applies to commercial real estate wholesaling as well
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
James' BiggerPockets Profile
James' Instagram 
Kathy's BiggerPockets Profile
Kathy's Instagram
Property Manager Finder
A New South Carolina Law Would Severely Crack Down on Wholesaling
Wholesale Real Estate – What Is It & How to Get Started For Beginners
Is Wholesaling Legal? It’s Complicated


Jump to topic:
(00:00) Intro
(01:38) What is Wholesaling? 
(05:33) Working Against Realtors?
(07:59) How Everything Changed 
(13:52) The Real Problem with Wholesaling
(16:27) The End of Wholesaling 
(20:33) Tricky Legal Language 
(28:01) A Nationwide Wholesaling Ban?
(34:47) What About Commercial Real Estate?

Check out more resources from this show on BiggerPockets.com and  https://www.biggerpockets.com/blog/on-the-market-224 
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