On The Market BiggerPockets

Mortgage rates continue to fall as home buyer demand rises across the nation. We may be back to the times of bidding wars, “rapid appreciation,” and houses going under contract in days. But, most Americans are still sitting on the sidelines, thinking that real estate prices are too expensive to get in. Could this be a huge wealth-building mistake, and will we look back on 2023 prices as times when real estate was “cheap”?
We’re back with another correspondents show as Henry, James, and Kathy bring the latest housing market headlines. “But, where’s Dave?” you ask. He’s eating some pad thai, snorkeling, and probably still looking at Fed data, even on his honeymoon. But don’t worry, he’ll be back soon!
This time, we’re talking about the HUGE multifamily update that makes buying a multifamily rental property easier than ever before. If you want to get into real estate or try your first house hack, this is THE news you’ve been waiting for. Next, the most middle-class-friendly cities that you’ve probably never thought of. Then, the short-term rental “tenant from hell” who lived in a home for a year and a half rent-free, and what happened to the landlord as a result. And finally, some good news for buyers, as we discuss the slowly dropping rates and the massive opportunity they could bring.
In This Episode We Cover
The new five percent down multifamily loan ANYONE can use to start investing 
Cities with the best middle-class life and six-figure paychecks for the taking 
The “tenant from hell” who cost a landlord over two hundred thousand dollars!
Mortgage rate relief and why mortgage demand continues to JUMP
Why “rapid appreciation” could be incoming as affordability increases with lower rates 
And So Much More!

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LLC owners and anyone who owns real estate: TUNE INTO THIS EPISODE! Today, we’re talking to Brandon Hall, CPA, about an urgent change affecting EVERY LLC in America. Not knowing about this change could cost you up to $10,000 in fines, but don’t worry; Brandon will tell you precisely what you have to do to avoid the fine entirely!
Even if you don’t have an LLC, we’ve still got some 2024 tax tips to help you pay WAY less to the IRS this coming tax season. Brandon will review the new interest rate updates from the IRS and explain why you could owe much more than your taxes when you file. We’ll discuss the gradual decline of bonus depreciation and whether performing a cost segregation study in 2024 makes sense.
Lastly, we’ll touch on opportunity zones and what to do if you have a large gain you DON’T want to pay taxes on. Plus, an instant red flag when looking for a CPA!
In This Episode We Cover:
The one thing EVERY LLC owner must do to avoid a $10,000 fine
Bonus depreciation’s decline and how much you can write off in 2024
Cost segregation explained and whether or not this HUGE tax benefit is worth the effort anymore
Opportunity zone investing and turning a significant profit into tax-free investing 
The IRS’s new interest rates and penalties that could cost you thousands 
Where to find a CPA and one big red flag when searching for one
And So Much More!
Links from the Show
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On The Market
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Hear Our Last Episode with Branon on “The Biggest Real Estate Tax Loophole”
Connect with Brandon:
Brandon's BiggerPockets Profile
Brandon's Website
 
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It finally happened. Inflation fell, mortgage rates dropped, GDP grew, and an unexpected jobs report was released. Is this the best news we’ve heard all year for the economy and the housing market? It sure sounds like it! We’re taking this episode to soak in all the good news from the past few weeks and point to an economic “sweet spot” that could make for PERFECT real estate investing conditions.
There’s been a LOT of good news to share recently, and we’re doing our best to give you the economic update you need! First, we’ll touch on updated core inflation numbers and why the stock market rallied and mortgage rates fell due to the announcement. Then, we naturally get into the Fed’s recent rate pause and why this might signify a strong housing market in 2024.
But that’s not all the good news. A new jobs report points to a shift in the right direction, one that not many people expected. Finally, we’ll give you a housing market update, from new home sales to days on market, homeowner equity, and all the signs pointing to a “sweet spot” for investing.
In This Episode We Cover
Bond, Inflation, and GDP rate updates and why investors are getting bullish on 2024
The investing “sweet spot” real estate investors MUST keep an eye out for
The Fed’s recent rate pause and what they’re telling Americans by holding steady 
New employment numbers that could make hiring even easier for employers 
A healthier housing market and the strong signs of a return to normalcy 
And So Much More!

Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-164
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Our 2024 housing market predictions are here. Will interest rates finally fall? Will home prices continue to stay strong even with weak demand? And will we EVER “technically” enter into a recession? We’ve got the full On the Market panel here to give their forecasts on everything that could happen in 2024, plus where the biggest buying opportunities could be.
But first, we’ll painfully review our incorrect housing market predictions from 2023 and one BIG guess that we all got wrong. But we’re not the only ones! Both Zillow and Redfin had some predictions that didn’t age too well. From there, we’ll get into 2024 housing price predictions and whether or not we expect to see home prices FINALLY decline after a standstill year.
Then, what everyone’s been waiting for—mortgage and interest rates predictions. If these start to fall, you can assume that home prices will rise, a buying frenzy will ensue, and the bidding wars will begin (again). With the potential for a recession at some point in 2024, lower mortgage rates may result from an even worse economic event. So, what IS going to happen? Stick around for our predictions!
In This Episode We Cover:
Our 2024 housing market, interest rate, and home price predictions
What could cause mortgage rates to fall in the latter half of 2024
Recession probability and why Americans are spending more than ever before
What we got WRONG in our 2023 predictions (nobody’s perfect)
Best real estate investing markets in 2024 and why “unsexy” cities could win
The HUGE opportunity for cash buyers as banks seek to offload properties
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
Kathy's BiggerPockets Profile
Kathy's Instagram
Henry's BiggerPockets Profile
Henry's Instagram
James' BiggerPockets Profile
James' Instagram
Hear Our 2023 Housing Market Predictions
Where America’s Most Accurate Forecaster Sees Home Prices in 2024


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Happy Thanksgiving! This Turkey Day, we're giving you an encore of our 2023 housing market predictions episode. Hear what we got right and what we (definitely) got wrong, and tune in next week for our 2024 predictions! 

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The 2023 housing market predictions are here. We heard you in the forums, the comments, and all over social media. We know you want Dave, the data man, to give you his take on what will happen over the next year. Will housing prices fall even more? Could interest rates hit double digits? And will our expert guests ever stop buying real estate? All of this, and more, will be answered in this week’s episode of On The Market.

Unfortunately, Dave threw his crystal ball in with his laundry this week, so he’s relying solely on data to give any housing market forecasts. He and our expert guests will be diving deep into topics like interest rates, inflation, cap rates, and even nuclear war. We’ll touch on anything and everything that could affect the housing market so you can build wealth from a better position. We’ll also discuss the “graveyard of investment properties” and how one asset class, in particular, is about to be hit hard.

With so much affecting the overall economy and the housing market, it can be challenging to pin down exactly what will and won’t affect real estate. That’s why staying up to date on data like this can keep you level-headed while other retail homebuyers run for the hills, scared of every new update from the Fed. Worry not; this episode is packed with some good signs for investors but also a few worrisome figures you’ll need to pay attention to.

In This Episode We Cover
The most important variables that could impact 2023’s housing market 
Which asset class will be hit hardest by price cuts and where investors can find deals
Inflation, bond rates, and how the federal funds rate could impact homebuying
Housing price predictions for 2023 and how far home prices could slide
The seller’s vs. buyer’s market and how brand new investors can take advantage
Whether or not cap rates will start to increase even as inflation pushes rents higher
And So Much More!


Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-162
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With interest rates at the highest point in decades, multifamily and commercial real estate purchases have dropped by more than 50%. Cash flow looks almost nonexistent, but good deals could be right around the corner as inexperienced operators are forced to give up their properties or pay MASSIVE amounts of money to the bank. What can you expect as the 2024 housing market rolls around? Stay tuned; we’ll give you all the info!
Alison Williams, SVP & Chief Production Officer at Walker & Dunlop, joins us to discuss “small balance lending” and where MANY multifamily investors get their money. Alison is able to tell you point-blank what a lender needs to see to lend on your deal, how much money you should be prepared to come to the table with, and what could happen as the bridge loan bomb begins to go off.
Alison also believes we’ll see “a LOT of deals” in the coming months/years as operators are forced to refinance, foreclose, or sell. This presents a massive opportunity for new investors who have been starved of deals and are looking to pick up another property without paying 2021 or 2022’s high prices! 
In This Episode We Cover
The bridge loan bomb that could blow up many investors’ deals 
Why multifamily and commercial real estate purchases have fallen off a cliff
Default rates, foreclosures, and whether Alison expects them to go up 
Deals coming down the road and why investors with cash on hand could be in for serious discounts 
What a “good” deal looks like in 2023/2024 and what you NEED to get funding 
Alison’s biggest pieces of advice for investors and why many could be in for a “shock”
And So Much More!

Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-161
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