On The Market

Has the Federal Reserve gone too far? Many Americans are critical of the Fed’s move to raise interest rates sharply, pause for years, and then slowly start implementing rate cuts. The arguably most prominent critic of the Fed? President-Elect Donald Trump, who, shortly after nominating the current Fed chair, Jerome Powell, reversed his opinion on whether Powell was the right person for the job.

Now, with Trump coming back to the White House, Powell’s job hangs in jeopardy—or does it? Can a President fire the Fed chair? Does the President have the authority to influence how the Fed operates? What would happen if Trump decided to go after Powell and request his resignation? Nick Timiraos, reporter at The Wall Street Journal and Federal Reserve expert, is on to answer these questions.

Nick gives us the latest update on rate cuts, where the Fed is headed, how the future of the Fed looks with Trump back in office, and why some politicians champion “Fed Independence,” while others argue that Fed power has overstepped its bounds. Are Trump and Powell more aligned than they think, and is this government drama all talk? We’re getting Nick’s expert viewpoint on it all. 

In This Episode We Cover

Why “Fed Independence” could actually be a crucial piece to keeping the economy stable

Whether or not Trump has the authority to fire and replace a Fed chair 

Future rate cuts, inflation concerns, and the Fed’s latest “signal” on rates

Powell’s simple response when asked if he would resign because of Trump’s request

Why the Fed does NOT have to answer to the President (and is this a good thing?)

Trump’s proposed tax and tariff policies and why they could challenge the Fed

And So Much More!

Links from the Show

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Trump May Consider Shaking Up the Federal Reserve If Elected—Here’s What That Could Look Like

Nick’s WSJ Articles

Grab Dave’s New Book, “Start with Strategy”

Jump to topic:

(00:00) Intro

(00:32) Latest Fed Meeting Update

(02:21) More Rate Cuts Coming?

(04:23) Can Trump Change the Fed?

(08:02) Is the Fed Above the Law?

(15:59) Can Trump Fire Powell?

(18:09) What Happens Next?

(24:02) Trump's Tricky Policies

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-271

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When you look at the “Hottest Real Estate Markets” lists from major publications, they often miss many crucial factors that truly make a market worth investing in. So, after getting tired of seeing the same cities repeatedly, we decided to make our own “Real Estate Hotspots” list, touching on the areas that are PRIMED for growth with plenty of appreciation and cash flow potential for landlords. We’re sharing all thirteen cities today!

Our two favorite market pickers, Kathy Fettke and Austin Wolff, are back on the show to share their opinions on these top markets. Austin has spent hours and hours compiling this list, looking at not just population growth but income growth, job growth, GDP per capita, and more leading indicators that point to great real estate investing markets.

Some of the top picks on this list truly surprised us, but the data points to these thirteen cities as some of the best places to buy in 2025. We’ll also talk about the overrated markets that may be past their prime and some nearby options that could make solid real estate investments for the long term! 

In This Episode We Cover

The thirteen real estate investing “hotspots” for 2025 that investors should pay attention to

A very surprising top city that seems to keep on growing EVEN after some solid appreciation 

The “satellite cities” that siphon off big city growth for a fraction of the cost 

Cash flow hotspots that still boast affordable prices with solid rent-to-price ratios

The one Texas city that many investors forget about but is still growing fast (definitely not Austin)

Cities that DIDN’T make the list and are constantly overhyped by the media

And So Much More!

Links from the Show

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Find an Investor-Friendly Agent in Your Area

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Deal Finder

Market Finder

13 Real Estate Hot Spots You Won’t Want to Miss Next Year

Austin's BiggerPockets Profile

Analyze Real Estate Like the Pros with “Real Estate by the Numbers”

Jump to topic:

(00:00) Intro

(03:23) Real Estate “Hotspots”

(08:26) Phoenix, Arizona

(13:39) Colorado Springs, Colorado

(17:03) Cash Flow Hotspots

(22:05) Top 5 Cities

(24:07) Overrated Cities

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-270

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It’s what you’ve all been waiting for—our 2025 housing market predictions! We’re sharing where we think home prices, interest rates, and real estate will be over the next year. But we’re not just talking about 2025. We’re also going BACK and reviewing our 2024 housing market forecast, painfully detailing each part we got wrong and congratulating whoever got their predictions right. But how did top real estate companies like Zillow perform on their forecasts? Don’t worry; we’re rating their predictions as well!

Last year, some of us thought home prices would decline year-over-year, while others were confident we’d still see rising prices. We also had surprisingly accurate mortgage rate predictions, so does that mean we could be right for 2025, too? Stick around to find out! Plus, we’re sharing where we think will become the country's best real estate investing markets and naming the cities we believe have the best potential for building wealth!

In This Episode We Cover

Updated 2025 housing market predictions and where home prices and mortgage rates could go

How we (and Zillow!) did on our 2024 housing market forecast (plus what we got WRONG!)

Real estate markets that have the most investment potential in 2025

Why we’re all becoming bullish on lower mortgage rates, EVEN with persistent inflation

Did we ever actually make it into recession territory in 2024?

And So Much More!

Links from the Show

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On The Market Podcast 163 - 2024 Housing Market Predictions: Home Prices, Interest Rates, & Opportunities

Grab James’ New Book “The House Flipping Framework”

Jump to topic:

(00:00) Intro

(02:38) Zillow's 2024 Predictions

(11:32) Home Prices 

(14:33) Recession Risk

(16:23) Mortgage Rates

(17:23) Best Markets to Invest

(20:03) 2025 Home Price Predictions 

(23:48) 2025 Mortgage Rate Predictions

Check out more resources from this show on BiggerPockets.com and  https://www.biggerpockets.com/blog/on-the-market-269

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The American Dream was once an everyday reality for most Americans. Now, it’s seemingly impossible for even high-income-earning households to achieve. What went wrong, and is it still possible for financially savvy families to realize the American Dream? A new article dissecting the cost of the American Dream shows that the white picket fence, single-family home, and two new cars cost significantly more than you might think.

In this episode, we’re going over the eye-watering costs of the American Dream, the income you’ll need to achieve it, and why most Americans may never get there. But, as financially independent podcasters, we’re living proof that you don’t need everything this article describes to reach financial freedom. We’re sharing what you might want to give up to achieve your version of the American Dream.

From college costs to raising kids, buying cars, and purchasing a home, we’ll walk through the costliest factors of the American Dream—and some good news, as one big expense is actually getting cheaper.

In This Episode We Cover

The astronomical cost of achieving the American Dream in 2024

What you should give up if you want to reach financial freedom faster

The household income you have to make if you want to achieve the American Dream

Why so many Americans are struggling with rising costs but stagnating wages

One significant expense that’s getting surprisingly more affordable

The things we’ll never give up spending money on (even if it sets us back)

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

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Find an Investor-Friendly Agent in Your Area

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The American Dream Now Costs $4.4 Million

The American Dream Trap: Maneuvering Major Expenses in Your Financial Adventure

Reach Your American Dream Faster with “Set for Life”

Jump to topic:

(00:00) Intro

(01:20) The Cost of The American Dream

(04:01) Housing Costs 

(05:14) BIGGEST Cost to Americans

(06:43) Kids Are Too Expensive

(08:28) Cars Cost SO Much 

(10:15) How Much Do You Have to Make?

(15:42) You NEED to Make More Money

(19:53) What to Give Up

(23:43) Some Good News 

(25:22) We WON’T Sacrifice THIS

Check out more resources from this show on BiggerPockets.com and  https://www.biggerpockets.com/blog/on-the-market-268

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Most people are missing out on what could be the best real estate investments of 2025. Why? Most investors don’t even know about them or have never had access to invest in them before. Today, we’re talking to Fundrise CEO Ben Miller about how he’s taking these once elite-only investments and making them available for the average investor. These investments, for the most part, beat out regular rental properties with sizable returns and way less work. So, what’s the catch? Is there a catch?

If you want to get ahead of the curve and know the investments that smart money (managing BILLIONS of dollars) is making, our interview with Ben truly delivers. We’re getting into how “debt” investors are making serious money off of lending to real estate investors (just like you) and the almost unbeatable returns they’re collecting, plus the new type of investment Fundrise is opening up for regular investors. This is a first, as everyday investors have seldom been able to break into this asset class.

Finally, Ben gives us his outlook for the 2025 economy and why he’s feeling a bit anxious, even with so many economic factors falling into place for a soft landing. 

In This Episode We Cover

The one real estate investment making regular double-digit returns with significantly less work

Why housing inventory could shrink even with our massive multifamily “oversupply”

The “securitized” real estate elite investors used to have a monopoly on (you can get in on it now)

Venture capital and why Ben is bullish on AI companies for 2025 and beyond

The surprisingly solid state of the economy and why Ben feels anxious (and you might, too)

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

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Find Investor-Friendly Lenders

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Is Now a Better Time to Invest in Real Estate Debt or Equity?

Ben's BiggerPockets Profile

Grab the Book on Private Money Lending “Lend to Live”

Jump to topic:

(00:00) Intro

(01:41) What to Invest In NOW?

(04:40) Housing Inventory Will Shrink

(08:20) Less Risk, Way Higher Returns

(15:01) "Securitized” Debt Explained 

(18:22) What Can “Normal” Investors Do? 

(20:52) Venture Capital Investing for All 

(26:12) Optimistic for 2025?

Check out more resources from this show on BiggerPockets.com and  https://www.biggerpockets.com/blog/on-the-market-267

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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

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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

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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

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Property Manager Finder

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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

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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

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Find an Investor-Friendly Agent in Your Area

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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

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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

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Find an Investor-Friendly Agent in Your Area

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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

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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

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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 [email protected].

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