Jamie Dimon, CEO of JPMorgan Chase, America’s largest bank, just issued a major economic warning. In Dimon’s eyes, the economy has falsely recovered from the tariffs imposed on Liberation Day, with investors exhibiting an extraordinary amount of “complacency” in the face of mounting economic risks. If the country’s biggest bank is saying this, why aren’t Americans listening, and what should you do with your investments right now to protect yourself from more risks to come?

The Liberation Day tariffs tanked the stock market and raised serious inflation concerns almost overnight. While the stock market has recovered, inflation fears are still peaking, economic sentiment has deflated, and consumer debt is rising. Is now the time to sell and move into cash in case a recession or more serious economic downturn arrives?

Dave is breaking down the most significant economic risks we face right now, which have the biggest effects on real estate, and how he is personally managing his money to protect himself from economic risks that most investors aren’t prepared for. But what should you be doing now? Dave is sharing his “capital preservation” checklist.

In This Episode We Cover

Jamie Dimon’s major warning for the U.S. economy and the threat of “complacency”

The biggest risks facing the economy today and whether or not they can be mitigated

Why the state of the U.S. consumer is starting to seriously worry economists (and Dave)

How to protect your investments (and your wealth) during economic downturns

Why you MUST switch to “capital preservation” mode when economic cracks begin to form

And So Much More!

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On The Market 312 - Inflation Fears Soar to 1980s Levels, Consumer Sentiment Sharply Plummets

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Grab the Book, "Recession-Proof Real Estate Investing"

Jump to topic:

(00:00) A Major Economic Warning 

(01:51) Dangerous "Complacency" 

(04:14) Biggest Economic Risks 

(12:21) Will the Tax Bill Help? 

(14:33) Sentiment Drops, Inflation Fears Grow 

(18:56) How to Protect Your Investments

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Warren Buffett just dropped a blunt take on why real estate may not deliver the same upside as stocks. Is he onto something—or overlooking key factors that still make the housing market a smart bet? We’re breaking it all down on today’s headlines episode!

Meanwhile, a huge wave of properties is quietly changing hands. Boomers are passing down homes, but are Millennials ready for the keys? For many heirs, this transfer of wealth is proving to be much more than they bargained for. Sky-high renovation costs, large mortgage balances, and rising taxes and insurance premiums can make inheriting a home feel more like a burden than a blessing. What’s more, without proper estate planning, families could face unexpected capital gains taxes or get stuck in probate court.

Our panel of experts unpacks these challenges and what every family should know before passing down property. Plus, we’re tracking new issues like falling vacation home demand, rising Treasury yields, and their potential impact on the housing market. Are new real estate investing opportunities hiding in plain sight? Let’s get into it!

In This Episode We Cover

Why Warren Buffett sees more upside in stocks than real estate (and what he’s missing)

Boomers are transferring $19 trillion in real estate (and why millennials aren’t ready)

Why falling demand for vacation homes opens the door for short-term rental opportunities

How rising Treasury yields and US deficit concerns affect real estate investors

How smart investors tweak their strategies and stay one step ahead as markets shift

And So Much More!

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BiggerPockets Money 532 - Building Generational Wealth? Don’t Lose It With This ONE Critical Mistake

Articles from This Episode:

The Boomer Home Dilemma: Millennials aren’t ready to inherit the homes they grew up in

Warren Buffett on investing: ‘There’s just so much more opportunity’ in the stock market than in real estate

Demand For Vacation Homes Drops to Lowest Level Since at Least 2018

30-year Treasury yield spikes to 5.09%, 10-year yield hits 4.61% as GOP bill raises deficit concerns

Grab Dave’s Book, “Start with Strategy”

Check out more resources from this show on ⁠⁠⁠⁠⁠⁠⁠⁠⁠BiggerPockets.com⁠⁠⁠⁠⁠⁠⁠⁠⁠ and ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.biggerpockets.com/blog/on-the-market-324⁠⁠⁠

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Rent growth has slowed significantly since the massive hikes of 2020-2023, but could we be close to another major rebound? A surge in multifamily supply has led many apartments to offer discounted rents, move-in and renewal concessions, and other perks to attract renters. Renters currently have the upper hand, but what happens when the supply-demand balance shifts—and less than half the usual new supply comes online?

Dave is answering that question in this May 2025 rent update. We’ll walk through which cities have rising rents, which are seeing declines, multifamily vs. single-family rents, and a new (optimistic) 2025–2026 rent forecast that could change everything for landlords. Single-family rentals are already in decent demand, so what happens when those cheaper multifamily apartments reach maximum occupancy?

This could be great news for landlords and real estate investors, but the general public is NOT paying attention. If rental demand stays steady but supply drops off a cliff, you could stand to benefit. We’re getting into that, and more, in this episode!

In This Episode We Cover

New May 2025 rent growth update and single-family vs. multifamily numbers

The huge investor opportunity for 2026 as multifamily supply dries up

Cities with rising rents that very few investors would have predicted

An optimistic rent growth forecast (and whether Dave believes it)

Surprisingly expensive markets that are seeing rents grow EVEN more

And So Much More!

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Property Manager Finder

Rental Demand is Surging 3x Faster Than Homeownership—Here’s How to Catch the Wave

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Grab Dave’s Book, “Real Estate by the Numbers”

Check out more resources from this show on ⁠⁠⁠⁠⁠⁠⁠⁠BiggerPockets.com⁠⁠⁠⁠⁠⁠⁠⁠ and ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.biggerpockets.com/blog/on-the-market-323⁠

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New builds are popping up everywhere. But some markets have a lot more new homes on the way. This could be risky for real estate investors in these areas, as steady demand and growing supply could put downward pressure on home and rent prices. Where are builders the most and least bullish in 2025, and which markets have so much supply that investors might want to steer clear? Today, we’re giving you a housing supply and inventory update.

Austin Wolff joins us again to share findings from the latest builder sentiment survey—how confident builders are in today’s housing market—and which markets they’re building the most (and least) in. This is crucial as an investor, whether you rent or flip, since supply is one factor investors can’t control.

Builder sentiment has seen a quick reversal from the 2020 - 2022 highs, but why are there still so many new development projects if builders are bearish? With permits finally getting approved, many builders are forced to complete projects, even during weaker market conditions, leading to lower prices for new build buyers and some dangerous “spillover” effects for investors in the market.

In This Episode We Cover

Why builder confidence has dropped so much, and why they can’t stop building (even with less profit)

Markets seeing the most new construction and potential downward pressure on home prices

Why now may be a great time to pick up a new build as developers give concessions

The simple formula you can use to see if your market has too much supply for demand

Could pessimistic builder conditions be better for appreciation in the long run?  

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Join BiggerPockets for FREE

Sign Up for the On the Market Newsletter

Find an Investor-Friendly Agent in Your Area

How to Save Up to 20% on New Construction Homes

Dave's BiggerPockets Profile

Austin's BiggerPockets Profile

Grab Dave’s Book, “Real Estate by the Numbers”

Check out more resources from this show on ⁠⁠⁠⁠⁠⁠⁠BiggerPockets.com⁠⁠⁠⁠⁠⁠⁠ and ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.biggerpockets.com/blog/on-the-market-322

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Price cuts are hitting the housing market fast, and Wall Street is paying close attention. A new real estate fund just raised $6 billion specifically to invest, signaling that now could be close to the bottom for investment properties. Should you follow their lead, and if you do, which markets are seeing the biggest price cuts where you can pick up discounted deals well below asking price? We’re sharing the top cities with price cuts, why Wall Street is betting on real estate, and a strong sign for the housing market in this headlines episode!

Young homebuyers are taking the reins as first-time homebuyer demand starts to rebound in a big way. We weren’t kidding about returning to a “healthy housing market,” and this data may be a sign it’s true! But is buying really the best decision, especially with high rates and (still) high home prices? We brought a list of where renting makes more sense than buying.

The housing market is shifting, and we could be rebounding from years of high prices and stagnant sales. Investors need to pay attention, because the signals are pointing to big changes. Want to get in the know? Stick around! We’re sharing it all in this episode.

In This Episode We Cover

Wall Street’s $6 billion (with a “b”) bet on real estate prices recovering

Why young homebuyers are taking up a BIG share of housing market demand (even though the news says the opposite!)

Real estate markets with price cuts and which we’re bullish on

Renting vs. buying in 2025: these cities are where it makes the most sense to rent

How to invest in an expensive market for big equity gains AND low money down

And So Much More!

Links from the Show

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Find an Investor-Friendly Agent in Your Area

On The Market 320 - Zillow: Price Cuts Hit Record as Inventory Floods Back (May 2025)

Articles from This Episode:

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Ready to Buy? Grab the Book “First-Time Home Buyer”

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Price cuts surge across the housing market as inventory bounces back in a big way. The “healthier” housing market is starting to show, and the “gap” between buyers and sellers is shrinking. Zillow’s Orphe Divounguy is back to give a sneak peek at their latest housing market data, which shows encouraging signs for buyers, agents, lenders, and anyone who wants the housing market to get back in action!

After Zillow recently forecasted a home price decline in 2025, many saw this as a bearish signal for housing. But Orphe, Senior Economist at Zillow, says that this is instead a good sign for the market. With inventory rising, sellers are getting more realistic, meaning lower prices and more choice for buyers. But what about mortgage rates—could they also drop and fuel even greater affordability? Orphe is sharing his mortgage rate prediction as well.

How will trade wars and tariffs affect the housing market with so many Americans on the financial edge? Could higher inflation and a potential recession breed big trouble for the housing market? We’re getting Orphe’s refreshingly data-backed (and surprisingly optimistic) take on what’s to come in the rest of 2025.

In This Episode We Cover

Zillow’s latest May 2025 housing market update (and GOOD news for buyers)

Record price cuts: why sellers are starting to get realistic

Housing markets seeing the most pain, and which to think twice about before investing

How trade wars and tariffs could hit housing, and Orphe’s take on inflation

Is a recession really coming? Why Orphe isn’t so sure that the writing is on the wall

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Join BiggerPockets for FREE

Sign Up for the On the Market Newsletter

Find an Investor-Friendly Agent in Your Area

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BiggerPockets Real Estate 1101 - Housing Market Shift: Inventory Catapults Back, Buying Opportunities Grow

Economic Policy Uncertainty Index

Grab Dave’s Book, “Real Estate by the Numbers”

Check out more resources from this show on ⁠⁠⁠⁠⁠BiggerPockets.com⁠⁠⁠⁠⁠ and ⁠⁠⁠⁠https://www.biggerpockets.com/blog/on-the-market-320

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Economic risk is growing, and protecting/building your wealth could get more challenging. Stocks are overvalued, mortgage rates are high, and many Americans feel stuck without a good option. What’s BiggerPockets CEO Scott Trench doing with his money to protect his wealth from inflation, recessions, and easy-money policies? Today, Scott shares his exact plan (and new investments!).

Scott went on record a few months ago to talk about his big move—cashing out of much of his index fund portfolio. What, in hindsight, looked like perfect market timing was instead a defensive move to protect himself from growing irrational exuberance. Where did he put the cash he got from the sale? Right into real estate, and so far, it’s working out quite well.

Today, Scott talks about the exact property types he’s buying, the best investing move for a beginner to make given today’s challenging economic landscape, and the significant economic risks that could be coming in 2025 and 2026. Scott’s putting his money where his mouth is, and, so far, he’s been spot on. Would you take the same approach to protect your wealth?

In This Episode We Cover

What BiggerPockets CEO Scott Trench is investing in while stocks remain overvalued and economic risk grows

The best real estate investments for someone starting in today’s economic environment

Growing economic risks from tariffs, a new Fed chair, and what’s sparking new inflation fears

Want lower interest rates? Here’s why betting against the labor market isn’t the best move

Is real estate as overvalued as stocks right now?

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Join BiggerPockets for FREE

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Find an Investor-Friendly Agent in Your Area

Dave's BiggerPockets Profile

BiggerPockets Real Estate 1118 - Data Says It’s a Buyer’s Market: Here’s Where the Most Opportunity Is w/Scott Trench and Michael Zuber

Scott's BiggerPockets Profile

Invest in Any Market Cycle with “Recession-Proof Real Estate Investing”

Check out more resources from this show on ⁠⁠⁠⁠BiggerPockets.com⁠⁠⁠⁠ and ⁠https://www.biggerpockets.com/blog/on-the-market-319

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The US economy is shrinking, with GDP declining this quarter. We’re getting closer to recession territory, so why aren’t mortgage rates dropping? We’ll explain how one crucial part of the economy is staying strong—keeping the Fed from cutting and delaying the typical rate-drop that comes with a recession. What’s stopping us from going back to sub-6% mortgage rates? We’ll break it down in this episode.

The economy is changing—fast. The US saw its GDP turn negative last quarter as many Americans braced for the impact of tariffs. But even with the overall economy lagging, labor data remains strong. Jobs are still being created, unemployment is relatively low, and Americans are going to work. This may be the single factor keeping the Fed in limbo, unable to cut rates any further. So, what happens if the labor market breaks?

Home builders were already anxious over the past year, and now they’re getting even more hesitant to build. With tariffs pushing up prices for materials, building (and buying) a house could get much more expensive. And with builders already dropping prices, could this lead to a broader decline in home prices across the nation?

In This Episode We Cover

A worrying sign for the US economy and whether it could trigger lower mortgage rates

The one thing standing in the way of the Fed finally cutting rates again

Tariff effects on GDP and the first signs of what they could do to our economy

New labor market numbers and why jobs are being added as the economy shrinks

Are we in a recession? And does it even matter if we are?

And So Much More!

Links from the Show

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Find Investor-Friendly Lenders

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BiggerPockets Real Estate 1116 - The Mortgage Rate “Range” to Expect for the Rest of 2025

Invest in Any Market Cycle with “Recession-Proof Real Estate Investing”

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Another MLS lawsuit is making waves—this time aiming to remove unfair listing rules and help both buyers and agents. Experts say we’re in a “healthy” housing market, but does it feel that way? A high-demand, often-overlooked “cash cow” rental strategy is exploding in 2025, and we talk about everyone’s favorite state to hate: California. Is investing in Los Angeles actually worth it? All that, and more, in today’s show!

Experts from HousingWire are calling today’s housing market “healthier” as buyers gain leverage, inventory rises, and pending sales increase. If you’re a hesitant investor, it may be time to get in the game, but flippers and sellers must be careful. James and Henry share how they’re still (profitably) selling deals in today’s market.

Want to make WAY more cash flow? This rental strategy’s demand is surging, and there’s not enough supply! We’ll describe the strategy and why it’s become a “cash cow” with even better future potential. Is the appreciation worth investing in America’s hardest housing market—California? Finally, a new MLS lawsuit makes waves as a key brokerage challenges strict selling standards that could be hurting buyers, sellers, and agents. What happens if they win?

In This Episode We Cover

The new MLS lawsuit that may trigger a “domino” effect leading to the end of the MLS

A cash-flowing rental strategy with growing demand in 2025 and where it works

Why experts say the housing market is “healthy” again—but why it still feels off

Does it ever make sense to invest in California? Why the wealthy still park money there

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Join BiggerPockets for FREE

Sign Up for the On the Market Newsletter

Find an Investor-Friendly Agent in Your Area

Los Angeles Real Estate: Why Do People Continue to Invest Here?

Why the housing market is actually much healthier in 2025

Compass files an antitrust suit against NWMLS over its CCP

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Henry's BiggerPockets Profile

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Kathy's BiggerPockets Profile

Grab Dave’s Book, “Start with Strategy”

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What the heck is happening with the US economy? Stocks are down, now they’re up, mortgage rates are dropping—wait, scratch that—they’re back up again, the Fed could have a new chair, and if they cut rates, interest rates could…rise? A “technical” recession is on the way, but will it have the same effects as the last one? We need some backup to explain the state of the US economy, and J Scott is here to do just that.

J wrote the book on Recession-Proof Real Estate Investing and is known as one of the most economically aware real estate investors. Today, we’re diving into it all: mortgage rates, recession chances, inflation rates, tariffs, trade wars, future home price predictions, and what J plans to do with his money.

Home prices are already unstable, but could a recession, combined with high inventory and low demand, push us over the edge? This may not be another 2008, for many reasons, but the psychological effect of a recession can be severe—especially on homebuyers and sellers. We’re giving you J’s complete overview of the economy today.

In This Episode We Cover

Whether or not home prices are at risk as we enter a “technical” recession

J’s investment plan for 2025 and the assets he’s most bullish on

The massive undersupply problem that’s propping up the housing market

Inflation forecasts and the unexpected tariff side effects that could cost Americans

Why “just buy American” won’t stop you from feeling inflation

How the Fed cutting rates could…raise rates?

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Join BiggerPockets for FREE

Sign Up for the On the Market Newsletter

Find Investor-Friendly Lenders

Dave's BiggerPockets Profile

On the Market 315 - Stagflation Risk Rising Fast as US Economy Falls Out of Balance

J's BiggerPockets Profile

Grab J’s Book, “Recession-Proof Real Estate Investing”

Jump to topic:

(0:00) Intro
(2:04) Home Prices (Probably) Won’t Crash
(8:24) Still SO Undersupplied
(9:56) The “Technical” Recession Coming
(14:45) GDP Will Drop
(18:26) Inflation Forecast
(22:58) Just Buy American Goods?
(28:15) New Fed Chair?
(34:23) J’s Investment Plan

Check out more resources from this show on ⁠BiggerPockets.com⁠ and  ⁠https://www.biggerpockets.com/blog/on-the-market-316

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email ⁠[email protected]⁠.

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