The “frozen” housing market is about to get blowtorched as competition is set to heat up in 2024. With lower mortgage rates, bigger investor tax benefits, positive economic sentiment, and tight inventory, homebuyers will need to act fast unless they want to make the same mistakes of 2021 and 2022. Are the bidding wars and price hikes coming back? Will we look back at 2023 as an “affordable” time to buy a house?

Welcome to the first On the Market Headlines Rumble Show! We’re putting Dave, Henry, James, and Kathy in a metaphorical cage match as they each bring hard-hitting headlines to knock each other out with bigger and better news. No physical punches will be thrown, but psychological piledrivers will be aplenty in today’s show.

We’ll talk about the “frozen” housing market reigniting in 2024 due to stiff competition, low inventory, and falling mortgage rates. Next, why Americans are giving up on college degrees and going straight into employment. A MASSIVE investor tax write-off could make a comeback as bonus depreciation goes BACK on the legislative table. Plus, why Blackstone, everyone’s favorite hedge fund, is buying BILLIONS of dollars in housing in the US and Canada. 

In This Episode We Cover:

Housing market competition and what could cause higher prices, bidding wars, and more seller power

A 100% bonus depreciation comeback and whether investors should bet on bigger write-offs

Sinking college confidence and the surprising statistics showing Americans’ lost faith in higher education

New housing starts numbers that could signal even MORE competition to come

Blackstone’s $3.5 BILLION bet on the American (and Canadian) housing market

Newest consumer sentiment survey results showing a surprising change of tune for Americans

And So Much More!

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Frozen Housing Market

Invitation Homes Rent-Gouging

Mortgage Applications Soar

College Degrees

Tax Breaks and Depreciation

Single-Family Construction Starts

Blackstone

Consumer Sentiment

Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-183

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