85: New Builds, Knowing Your Niche, and the 2023 Housing Boom!?

This housing market is a tough nut to crack. One week, rates are coming back down, buyers are gearing up to re-enter the real estate market, and investors are feeling optimistic. Then, the following week, inflation spikes, mortgage rates jump, and affordability plummets back down to a depressing level. Because of this topsy-turvy economy we find ourselves in, we get a slew of questions on almost every episode asking us to predict what will happen next. And today, the entire On the Market panel has flown out to Denver to get this live debate going. That’s right. Dave Meyer is joined by Henry Washington, James Dainard, Jamil Damji, and Kathy Fettke to pop some bottles, rock some chains (thank you, James), and give you up-to-date info on the housing market. We’ve taken a few of our favorite questions from the comment section and got the panel’s opinions on some of today’s most pressing topics. First, we’ll talk about why new homes are cheaper than existing homes in many markets and whether or not this is a red flag for the housing market. Then, we enter lender territory and discuss which markets are seeing new down payment requirements and which allow you to still score deals at ten to fifteen percent down. We’ll also revisit the commercial real estate crash and what could happen once these massive balloon payments come due. But don’t worry, there’s still some optimism afoot, as a couple of our expert guests predict a housing market boom could be coming in only a matter of months. So, don’t get caught in the rocky waves of this real estate market; tune in to get the scoop on everything happening on the market.   In This Episode We Cover The incoming housing market “boom” that could start another buying frenzy New construction vs. existing homes and which is a safer bet as a new investor Down payment requirements and why so many lenders are asking for more  The commercial real estate crash and how it could create insane deals for investors with cash on hand The state of the economy and why there’s so much contradictory data pointing in different directions Why you should always buy two plane tickets when planning your next trip And So Much More! Links from the Show Find an Investor-Friendly Real Estate Agent 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 Jamil's BiggerPockets Profile Jamil's Instagram Kathy's BiggerPockets Profile Kathy's Instagram James' BiggerPockets Profile James' Instagram Attend a BiggerPockets Meetup Grab Dave’s “2023 State of Real Estate Investing Report” On the Market Podcast 65 with Ben Miller (Deleveraging) On the Market Podcast 71 with Brian Burke (Multifamily BOMB) Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-85 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices