On The Market

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The modern real estate investor doesn’t have time to research every headline and trend. That’s why BiggerPockets' Dave Meyer and his expert panel do it for you. Learn how to invest smarter in today’s economic environment.

18 HR AGO

Rates Surge Back Up as the Election “Slowdown” Hits Housing

Everyone is awaiting the 2024 presidential election results—especially homebuyers. As mortgage rates rise again, potential homebuyers are sitting on the sidelines, hoping that the next president could make it a little easier to purchase a house. Is this housing market slowdown just a temporary phenomenon before the biggest political event of the past four years, or could this last well into the winter? We’re covering it on this headlines show! Could a “Trump trade” push bond yields up and mortgage rates as well? Some economists are betting that a Trump presidency would mean higher mortgage rates. We’ll also talk about California’s Prop 33, which, if passed, could allow more stringent rent control on landlords in the Golden State. With rising costs for property owners, could this lead to landlords selling their rentals to escape California’s tenant-friendly laws? If you want to escape the election cycle, we’ve got you covered. Our last story touches on the best companies for career growth, and if you’re trying to up your skills (and your income) next year, applying for a job at any of these companies could help you! In This Episode We Cover The pre-election housing “slowdown” and why many homebuyers are pausing on purchasing A new mortgage rate update and what’s causing rates to rise back to seven percent The “Trump trade” and why economists are worried it could push bond yields up California’s newest rent control proposition and what it means for landlords in the state The top companies for career growth in the United States (grow your income!) And So Much More! Links from the Show Join the Future of Real Estate Investing with Fundrise Join BiggerPockets for FREE Find Investor-Friendly Lenders Dave's BiggerPockets Profile Henry's BiggerPockets Profile James' BiggerPockets Profile Kathy's BiggerPockets Profile Proposition 33 Ignites Fierce Debate Over California Rent Control Laws Do Elections Affect the Housing Market? Here's What Experts Say Real estate in for a fright as mortgage rates return to 7% Proposition 33 Ignites Fierce Debate Over California Rent Control Laws These Are The Best Companies For Career Growth, Ranked Grab Dave’s Newest Book, “Start with Strategy” Jump to topic: (00:00) Intro (01:01) Pre-Election Housing “Slowdown” (13:03) The “Trump Trade” (16:48) Prop 33 Rent Control? (24:15) Best Companies for Career Growth Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-266 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

36 min
4 DAYS AGO

Why the True Cost of an Eviction Is (Much) Higher Than You Think

Evictions suck—for everyone. They’re bad for the property owner, the tenant, and America as a whole. On the lowest end of the spectrum, evictions cost Americans over $14,000,000,000 (that’s BILLION) per year. With this massive sum spent on court fees, attorneys, moving trucks, and lost rent, how do we STOP evictions before they happen? What can landlords do to ensure they NEVER have to kick out another tenant for nonpayment? Today, we’re discussing the true cost of evictions and how to avoid them. We’ve brought our own Market Intelligence Analyst, Austin Wolff, back to the show to share how much evictions cost for the landlord, how much they cost to the tenant, and how much they cost society. We’re breaking down which costs hurt real estate investors the most during the process and how long it may take you to get a non-paying tenant out of your house. Once you’ve been seriously sticker-shocked by the price of an eviction, James brings us some actionable steps he uses daily to avoid evictions at his rentals. He recently had one of the worst evictions, costing him SIX FIGURES. He shares what to do so this DOESN’T happen at your investment property, plus the type of rental you can provide that attracts the highest-quality tenants. In This Episode We Cover The astronomically high cost of evictions in the United States How long evictions usually take, and why they often drag out months (or even years) The cost of an eviction to a tenant and the fees they have to pay once they’re forced to leave How to avoid evictions from the start by following some quick tips from James The key to maintaining a high rent collection rate in your rental portfolio (fewer evictions) What to do if you inherit tenants you suspect WON’T pay once you purchase the property Overall economic impacts of evictions and why we MUST reduce them And So Much More! Links from the Show Join the Future of Real Estate Investing with Fundrise Join BiggerPockets for FREE Property Manager Finder Dave's BiggerPockets Profile James' BiggerPockets Profile Austin's BiggerPockets Profile 6 Strategies That Help Landlords Avoid Evictions Grab “The Book on Managing Rental Properties” Evicted Book Jump to topic: (00:00) Intro (02:23) Most Expensive Eviction Ever? (05:23) Cost/Time It Takes to Evict (14:11) The Cost to Tenants (18:57) Serious Economic Effects (22:47) How to Avoid Evictions (29:44) Inheriting Tenants (What to Do) (32:09) Astronomical Total Costs Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-265 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

40 min
28 OCT

Rich Boomers, Broke Millennials, and Ambitious Gen Z Fight for Housing

Which generation is taking control of the housing market? With Baby Boomers sitting on an enormous amount of equity-based wealth, younger generations now have to do their part to get in the game, but who is faring best? Gen Z is hungry to get into homeownership, but with their high cost of living, credit card and student debt, and low affordability, will they be a forever-renter generation? What about Millennials, many of whom were financially shell-shocked after leaving college and entering the workforce during the Great Financial Crisis? And don’t worry, Gen X, we didn’t forget you (even though almost everyone else did). Today, Dave and each of our experts have taken one generation to report on. We’ll talk about Gen Z, Millennials, Gen X, and Baby Boomers—how much wealth they hold, their debts, whether or not they’re buying houses, and how they could affect the future housing market. Plus, we’ll touch on the financial mentality behind each generation and whether or not they have what it takes to become homeowners. Finally, will the “Silver Tsunami” ever happen when Baby Boomers pass away and the flood of Boomer-owned houses hits the market? We’ll discuss the likelihood of this happening and whether or not the growing trend of “aging in place” could keep our housing inventory at rock bottom. In This Episode We Cover Why Gen Z is so poised to start buying real estate (but will they be able to?) The Baby Boomers’ massive amount of equity wealth that may benefit the future generations The largest generation of homebuyers that is still actively looking for places to live Why this “forgotten generation” might be one of the wealthiest to come The chance of a “Silver Tsunami” and what happens when Boomers pass down their housing wealth And So Much More! Links from the Show Join the Future of Real Estate Investing with Fundrise Join BiggerPockets for FREE Find an Investor-Friendly Agent in Your Area Dave's BiggerPockets Profile Henry's BiggerPockets Profile James' BiggerPockets Profile Kathy's BiggerPockets Profile Grab Henry’s New Book, “Real Estate Deal Maker” Find an Investor-Friendly Agent in Your Area Boomers Hoard Houses, Millennials Struggle to Buy, But Gen Z Gets Ahead Jump to topic: (00:00) Intro (02:58) Gen Z - The Renter Generation (10:47) Millennials - The Homebuyer Generation (16:51) Gen X - The Forgotten Generation (26:18) Baby Boomers - The RICH Generation Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-264 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

42 min
24 OCT

If You Feel Like We’re in a Recession, Listen to This w/Nicole Lapin

Does it feel like we’re in a recession? People are constantly discussing layoffs, many Americans are in credit card debt, home ownership seems unachievable, and you probably feel like you should be making more money based on how expensive everything is. But, on the other hand, inflation is down, stocks are up, and unemployment is still (relatively) low. This is what Nicole Lapin would refer to not as a recession but a “vibecession;” it feels like we’re in a recession, even if we aren’t. As a renowned journalist, author, and money-minded podcast host of Money Rehab, Nicole is one of the best in the industry to come on and explain the state of the American consumer, why they feel so negative toward the economy, and what good news we have going into 2025. Nicole is breaking down exactly why Americans feel so disconnected from our growing economy and the reason consumers are getting frustrated. But it’s not just bad vibes (okay, enough with the Gen-Z verbiage); there are “bright spots” in the economy that few are paying attention to. These data points come close to proving that we may be out of recession territory and confirm that the Fed did achieve its “soft landing.” Are we on our way to finally feeling good about the economy again? In This Episode We Cover Why it feels like we’re in a recession even though the economy is growing The disconnect between men and women and who’s more optimistic in 2024 Did the Fed actually achieve their soft landing and an inflation rate update The good news on wage growth (with a BIG caveat) Rising credit card debt and whether or not this is a precursor to economic crisis The “bright spots” in the economy that point to some good news for Americans And So Much More! Links from the Show Join the Future of Real Estate Investing with Fundrise Join BiggerPockets for FREE Find an Investor-Friendly Agent in Your Area Dave's BiggerPockets Profile Here’s What the U.S. Consumer Tells Us About the State of the Economy Money Rehab Thinking, Fast and Slow WSJ: The State of America’s Wallet Build Wealth in Any Market Cycle with “Recession-Proof Real Estate Investing” Jump to topic: (00:00) Intro (01:50) Welcome to the "Vibe-cession" (05:18) Men vs. Women Economic Sentiment (06:59) Wages Grow, But... (10:56) Consumer Debt is Climbing (16:23) GOOD News for the Economy (18:42) Hope for Average Americans (21:39) Where is the Economy Headed? Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-263 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

29 min
21 OCT

3 of the Cheapest Places to Buy a House (That We Would Invest In)

Housing affordability in America is the lowest it’s been in forty years. Every year, there are fewer and fewer affordable places to buy a house, and many of the cities that used to be affordable have become so popular that they’re now the pricey ones. Are there any affordable housing markets left, and if so, which ones should investors pay the most attention to? We did a new data analysis on American housing markets to bring the exact list to you today. Austin Wolff, our own BiggerPockets market intelligence analyst, spent some time analyzing housing markets that not only have job, population, and wage growth but also have affordable home prices perfect for investors. Today, he’s sharing this new list, along with some of the least affordable housing markets that are nearly impossible to break into without millions of dollars. But is America the only country suffering from a stubborn unaffordability crisis? Many of the top economies are also feeling the sting of high inflation, limited real wage growth, and strong home price appreciation. But are we doing better or worse than many of the top developed countries? We’re sharing those stats, too! In This Episode We Cover America’s affordable housing crisis explained, and whether it’s going to get better or worse Most affordable housing markets with job, population, and income growth Comparing American home prices vs. other top economies’ home prices The least affordable real estate markets with the highest home-price-to-wage ratios The single most affordable city in the United States that could be an excellent investing market And So Much More! Links from the Show Join the Future of Real Estate Investing with Fundrise Join BiggerPockets for FREE Find an Investor-Friendly Agent in Your Area Dave's BiggerPockets Profile Kathy's BiggerPockets Profile These Are the 10 Most Affordable Markets To Invest in During 2024 Bankrate’s 2024 Home Affordability Report Why Trump and Harris Aren’t Talking About the $1.8 Trillion Deficit Austin's BiggerPockets Profile Grab Dave’s Book, “Real Estate by the Numbers” Jump to topic: (00:00) Intro (02:36) Why Affordability Matters (04:59) Most Unaffordable Period Ever? (08:00) How Does America Compare? (12:23) Least Affordable Markets (15:09) Most Affordable (Growing!) Markets (24:35) Will Affordability Improve? Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-262 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

36 min
17 OCT

This Could Be Like Getting into Airbnb in 2012

While short-term rentals are seeing slowing demand, mid-term rentals are taking off (and fast). Mid-term rentals, also called medium-term rentals or MTRs, are thirty-day or longer stays, usually for traveling professionals or those who need temporary housing while relocating. These rentals give you more rent than a regular long-term rental, less turnover than short-term rentals, and can be successful in even the most average of markets. Where are MTRs heading next? We brought on Jeff Hurst, CEO of the leading MTR listing website Furnished Finder, to share the data he’s seeing. Jeff believes MTRs are still years away from peaking in demand and supply. But maybe he’s a little biased as someone who works in the field. Even as an industry insider, Jeff brought some solid stats that show that MTR is far from falling off the investing map. He’s so bullish on this strategy that he believes MTR is now where Airbnb was in 2012. But what should you do to get in on MTR investing? Jeff shares the best MTR markets and signs for whether or not your city could be a great place to try it, plus the surprising property type that works best for this strategy (MUCH more affordable than short-term rentals) and how landlords and investors can find tenants WITHOUT going through pricey booking platforms. In This Episode We Cover The state of the mid-term rental market and why it’s looking much brighter than short-term rentals Mid-term rental investing explained, and who’s staying at these properties Why rural markets actually make terrific mid-term rental investing areas How to start investing in mid-term rentals WITHOUT owning a single property (rental arbitrage) How to find tenants for your mid-term rentals without paying high listing fees The (surprisingly) small property types that work best for mid-term rentals And So Much More! Links from the Show Join the Future of Real Estate Investing with Fundrise Join BiggerPockets for FREE Find an Investor-Friendly Agent in Your Area Dave's BiggerPockets Profile Henry's BiggerPockets Profile How to Invest in Medium-Term Rentals Furnished Finder Stats Grab the MTR Book, “30-Day Stay” Jump to topic: (00:00) Intro (01:57) What Are Mid-Term Rentals? (06:21) Mid-Term Demand is Still Growing (09:58) Best Mid-Term Markets (18:19) Are We Past the Peak? (20:26) Finding Tenants (23:59) Fewer Regulations? (30:03) Bullish on Mid-Term’s Future Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-261 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

40 min
14 OCT

Rental Demand Could “Catch Up” in These Oversupplied, Struggling Markets

America is experiencing a strange housing supply problem. On one hand, we don’t have enough housing supply nationally; on the other, we have too much housing supply in cities like Austin and Fort Myers, and as a result, these cities are seeing significant rent declines. Meanwhile, rents are still going strong in much of the Midwest, as their supply-constrained markets give landlords and real estate investors the upper hand. But, even in the “oversupplied” markets, is there a chance for rent price redemption in the future? We brought on BiggerPockets’ own Market Intelligence Analyst, Austin Wolff, to share his latest findings on housing supply. Austin talks about why rents are growing in some parts of the US but declining in more oversupplied markets. But with the slowing down of construction, will these oversupplied markets become undersupplied? Will landlords in these markets be happy they held onto their properties in a few years? Austin also shares the exact market he’s making his first real estate investment, which boasts high demand but has yet to see a significant supply bump for his asset class. Does higher supply always mean lower rents? Not quite, and we’ll get into why in this episode! In This Episode We Cover The state of our 2024 housing shortage problem and why we may be under and oversupplied Where rent prices are falling and the cities with the most supply coming online When demand could finally “catch up” to the high supply these markets are experiencing The correlation between supply and rent prices (and why they aren’t ALWAYS opposite) Long-term rent projections as building starts to slow and demand stays high And So Much More! Links from the Show Join the Future of Real Estate Investing with Fundrise Join BiggerPockets for FREE Easily Identify Your Next Market to Invest In with BiggerPockets Market Finder Dave's BiggerPockets Profile Connect with Austin Check Out Austin’s Data-Driven Blog Posts Bureau of Labor Statistics Census Data CoStar Zillow Data Master the Simple Formulas Behind Every Great Real Estate Deal with “Real Estate by the Numbers” Jump to topic 00:00 Intro 04:49 Our 2024 Housing Supply Problem 08:22 Where Rents Are Falling 13:13 Demand Will “Catch Up” 17:31 What Happens When Supply Rises? 25:46 Long-Term Rent Projections Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-260 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

38 min
10 OCT

4 States With the Strongest Economies and Investing Potential

**UPDATE: We recorded this episode on October 1st, as North Carolina was beginning to recover from the damage caused by Hurricane Helene and before Hurricane Milton had formed. We approached this episode as an exercise in economic analysis -- an in-depth market analysis should include a deeper assessment of environmental risk than we had time for in this discussion. And of course, no investment is more important than human lives and safety. If you’d like to contribute to ongoing recovery efforts, please consider doing so here. We talk a lot about the overall housing market, but what about the best states to invest in real estate? A state on the East Coast might see solid rents, booming business growth, and low inventory, while somewhere on the West Coast could be experiencing the opposite. At a state level, factors like economic strength, job growth, income tax, and others can greatly impact where Americans live and rent. So, which states would WE happily invest in now? Today, we’re sharing the four states we feel bullish about in 2024, specifically for economic growth. And when there’s economic growth, there’s usually excellent investing prospects. You may have thought about investing in a few of these states before, and one of them you may have forgotten was even a state (sorry to those residents), but all of them boast real estate investing potential that many other parts of the US lack. And, during a time when home prices are still high, some of these markets are seeing what could be a temporary decline, opening up the potential for you to go in and scoop up deals before their real estate markets begin to rebound. Which states are we most confident about? Stick around to find out! In This Episode We Cover Four states with booming economies and serious real estate investing opportunity The tiny state with below-average home prices and most of the Fortune 500 companies A southern state boasting serious potential as its real estate values try to recover A “treasure hunting” housing market that may be overcorrecting a little too much Why more tech is moving into this East Coast state and pumping up its property market And So Much More! Links from the Show Join the Future of Real Estate Investing with Fundrise Join BiggerPockets for FREE Find Your Next Investing Market Dave's BiggerPockets Profile Henry's BiggerPockets Profile James' BiggerPockets Profile Kathy's BiggerPockets Profile On the Market Episode 251 - Would You Vote for Any of These Market-Changing Economic Policies? What’s the Best Strategy for Your Market? Find Out with “Start with Strategy” Jump to topic: 00:00 Intro 02:52 1. Delaware 11:38 2. Texas 17:13 What to Buy in Texas 20:05 3. Florida 22:21 Businesses Love the Sunshine State 27:12 4. North Carolina 35:30 Best State to Invest? Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-259 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

42 min

See All (267)

18/03/2022

Welcome to On The Market!

Investing with confidence requires staying informed. But with news sources giving conflicting takes on the economy, it can be hard to sift through the headlines and find the relevant information. Join On the Market, a BiggerPocket’s Podcast, presented by Fundrise, every Monday for a fun, fact-driven glimpse inside the world of real estate, personal finance, and economics. Learn more about your ad choices. Visit megaphone.fm/adchoices

E1

•

3 min

Dave Meyer

Host

Channel

BiggerPockets
Creator

BiggerPockets
Years Active

2022 - 2024
Episodes

267
Rating

Clean
Copyright

© Copyright © 2022 BiggerPockets LLC, All Rights Reserved. Disclaimer: The information contained in this podcast is for general information purposes only. In no event will we be liable for any loss or damage derived from the information provided.
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