On The Market

On The Market

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On The Market episodes

  • 237: National Rent Control, Falling Mortgage Rates, and Fleeing Homebuyers

    A new nationwide rent control proposal could cap rent increases for any landlord with a certain amount of properties. But will it actually pass? How would landlords survive when rents can only marginally increase each year while expenses continue to see double-digit percentage price growth? We’re getting into this story and a few more hard-hitting housing market headlines on today’s episode!

    First, we’re talking about the new rent cap proposal coming straight from The White House. This could significantly affect anyone who owns a large real estate portfolio or plans to in the future. Is this proposal merely a grab for votes, or could it actually come to fruition? Next, great news for homebuyers, as mortgage rates fall once again, all while completed homes see a sizable boost. Is this a sign that a healthier housing market is to come?

    Why are international buyers fleeing the US housing market? Could this end up helping first-time homebuyers who have to fight off less competition? Finally, we talk about the twenty hottest housing markets that are seeing a BIG increase in home viewership. If you own a home in one of these markets, it might be time to consider selling.


    In This Episode We Cover

    The newest rent cap proposal that could stop landlords from raising rents higher than five percent each year

    Mortgage rates drop again, but are more rate cuts coming this year?

    Increased housing inventory and signs of a healthier housing market forming

    Why international homebuyers have had a significant pullback from the US housing market

    The hottest markets in America and whether homeowners here should consider selling

    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

    See Henry, James, and Kathy at BPCON2024 in Cancun!

    Henry's BiggerPockets Profile

    James' BiggerPockets Profile

    Kathy's BiggerPockets Profile

    Biden Proposes Rent Increase Limits, With Penalties for Landlords Who Don’t Listen

    White House Plan to Limit Rent Increases Nationwide Reignites Debate

     Housing Market Gets Back-to-Back Good News

     Here's why international buyers are pulling way back from the U.S. housing market

     If You Live in One of These 20 Housing Markets, Consider Selling While It’s Still Hot

    Grab Henry’s Newest Book, “Real Estate Deal Maker”


    Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-237

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

    Learn more about your ad choices. Visit megaphone.fm/adchoices

    36 min
  • 236: Will Home Renovation Costs Go Down in 2024 as Demand Begins to Dip? w/WSJ’s Ryan Dezember

    For the past four years, everyone, and we mean everyone, has been doing some form of home improvement. All your friends are redoing their kitchens, your spouse keeps asking when you can renovate the bathrooms, and your best friend just built their dream home office with—don’t get too excited—recessed lighting. This was the home renovation boom of the decade, and now, we could be at the tail end of it.

    With home improvement spending starting to dip, interest rates keeping homeowners from big projects, and labor costs still sky-high, what happens when enough demand leaves the market? Do material prices fall as manufacturers try to lure homeowners back in? Will labor costs soften with contractors waiting for work? We brought on The Wall Street Journal’s Ryan Dezember to get some answers.

    In today’s show, we discuss the boom and bust of lumber prices, why home renovations are starting to stall, what impact this could have on materials, and whether or not the home improvement spree will pick back up as new construction starts decline. If you’re planning a home renovation, you'll want to hear this episode before you begin.


    In This Episode We Cover

    An update on the home renovation industry and why demand is shrinking 

    Labor costs and the factory-building boom that’s taking away all the contractors

    The surprisingly old age of most American homes and why so many renovations happened

    High interest rates and their effects on home improvement project spending

    Whether or not we’re already in the home renovation “slowdown” and what could happen next 

    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

    See Dave at BPCON2024 in Cancun!

    Dave's BiggerPockets Profile

    James' BiggerPockets Profile

    BiggerPockets Real Estate 514 - How Small Landlords Can Beat the Hedge Funds

    This Could Be the Year the Home-Improvement Boom Fizzles Out. Here's Why.

    Deck Maker’s $450 Million Bet on America’s Renovation Boom

    Grab “The Book on Estimating Rehab Costs”


    Jump to topic:

    (00:00) Intro

    (02:36) The Home Renovation Boom

    (06:58) The Labor Shortage Explained 

    (10:51) Which Costs Are Rising the Most?

    (14:44) High Rates Curb Demand 

    (20:20) More Supply, Lower Prices? 

    (25:59) Home Renovation Predictions 


    Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-236

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

    Learn more about your ad choices. Visit megaphone.fm/adchoices

    32 min
  • 235: A World Without Airbnb & Why "Sinking" Could Cause Your Insurance to Skyrocket

    Airbnb bans escalate, a “tsunami” could be coming for this real estate niche, and “sinking” cities lead to skyrocketing insurance prices. The housing market changes every week, so we’re here to break down the headlines and sift through the hype so you know what could impact YOU. Dave Meyer and the entire On the Market panel are here to discuss four of the top real estate-related news stories from this week.

    First, we discuss the commercial real estate credit crunch that could cause a “tsunami” in the office investing space. Next, one major European city will ban Airbnb by 2028 in an effort to give locals a better chance at buying their first home. Will it work, or is it just a move to get more votes? With the dust of the NAR settlement settling, homebuyers could face thousands in fees to work with an agent, but will this stop homebuying?

    Before we go over our last headline, make sure you’re standing on solid ground because “sinking” cities are becoming the new norm. Is your home slowly sliding off a cliff? If so, your insurance costs could be rising even higher. We’ll get into this story and the rest of the relevant real estate news on this episode!


    In This Episode We Cover

    A world without Airbnb and whether the newest ban could actually help homebuyers

    Another “tsunami” coming for real estate and whether there’s truth behind the hype

    Private equity’s new plan to gobble up even more real estate as one niche suffers

    More fees for homebuyers as agent commissions change, but will this have to be paid out of pocket?

    “Sinking” cities causing rising insurance costs and sliding home values

    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

    See Dave, Henry, James, and Kathy at BPCON2024 in Cancun!

    Dave's BiggerPockets Profile

    Henry's BiggerPockets Profile

    James' BiggerPockets Profile

    Kathy's BiggerPockets Profile

    On The Market 201 - Breaking: NAR Settles for $418M, Buying and Selling Homes Could Change Forever

    The commercial real estate credit crunch: ‘There’s a tsunami coming’

     What does a world without Airbnb look like?

     First-Time Homebuyers Could Face Thousands in New Costs Following NAR Settlement

     U.S. cities are sinking. Here’s what that means for homeowners

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


    Jump to topic:

    (00:00) Intro

    (01:47) A “Tsunami” Coming?

    (12:47) The Airbnb Bans Begin 

    (21:22) New Fees for Homebuyers? 

    (28:20) Cities Are Sinking


    Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-235

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

    Learn more about your ad choices. Visit megaphone.fm/adchoices

    41 min
  • 234: Did We Just Find 2024’s Most “Under-the-Radar” Real Estate Market?

    We might have just found the most under-the-radar real estate market of 2024. It’s got jobs, appreciation potential, and affordable homes, and it’s growing…fast! The best part? We’re not sure anyone has ever talked about this specific market, so we’re going to be the first. But you had better be fast; most investors might start looking up homes for sale in this market after this episode! Which market are we talking about, and why are we so excited? We’ll share all the details in today’s show!

    We’ve asked the entire On the Market panel to each bring “under-the-radar” real estate markets to share on today’s show. Many of these markets are small(er) towns but boast some HUGE investing benefits you won’t find in big cities or the already-hyped areas. From Midwest cash flow to Southern healthcare hotspots and one town that our panel gets VERY excited about, any of these markets could help you build wealth WITHOUT having to fight off competition from other buyers.

    If you’re still looking for an investing market, check out our new tool, Market Finder! Dave and his team designed this tool to help you easily identify your next market to invest in! Once you’ve found a market, check out properties with our Deal Finder tool!


    In This Episode We Cover

    Four of our favorite “under-the-radar” real estate markets nobody is talking about

    The TINY town that could see massive growth as one huge employer makes big moves

    The cash-flowing Midwest city with rock-bottom unemployment and strong rent growth AND appreciation

    The small town in Texas that Kathy personally picked for her new build-to-rent investments

    Why medium-term rentals and assisted living facilities could see BIG returns in this healthcare hotspot 

    And So Much More!

    Links from the Show

    Join the Future of Real Estate Investing with Fundrise

    Find Your Next Investing Market with BiggerPockets Market Finder

    Get Your Next Deal Faster with BiggerPockets Deal Finder

    Join BiggerPockets for FREE

    Find an Investor-Friendly Agent in Your Area

    See Dave, Henry, James, and Kathy at BPCON2024 in Cancun!

    Dave's BiggerPockets Profile

    Henry's BiggerPockets Profile

    James' BiggerPockets Profile

    Kathy's BiggerPockets Profile

    8 “Under the Radar” Housing Markets With Low Prices and High Cash Flow

    Buy Henry’s Newest Book, “Real Estate Deal Maker”



    Jump to topic:

    (00:00) Intro

    (03:03) 1. Underrated Midwest Market 

    (09:33) 2. Small Town Texas Investing 

    (18:50) 3. Southern Healthcare Hotspot 

    (27:47) 4. Best Market Ever?

    (36:22) Our Favorite Markets


    Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-234  

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

    Learn more about your ad choices. Visit megaphone.fm/adchoices

    43 min
  • 233: Housing Market “Stuck” Until 2026 as Insurance Prices Rise, Rents Slow

    See Dave, Henry, James, and Kathy at BPCon2024 in Cancún, Mexico! Grab your ticket here!

    The housing market is “stuck” and may stay that way for the next two years. With low inventory, high mortgage rates, stunted demand, and high rents, it seems like there’s nowhere to go. If you’re a homeowner, this could mean good news, as price stability keeps your property value high. But, if you’re looking to buy a home or work in a real estate-related industry, this isn’t what you want to hear. What happens after 2026, and what changes will come to the housing market over the next two years? We’re breaking it all down in today’s headlines show!

    First, we’re discussing why economists think the housing market will remain “stuck” until 2026 and what happens to housing prices along the way. Next, if you’re looking for deals, you’re in luck! We’re showcasing some of the “coldest” markets in the US that are seeing prices start to fall already. Is your home insurance bill killing your cash flow? We’re diving into a recent survey on the insurance “shock” hitting landlords and what investors MUST do now to account for rising prices. Speaking of rising prices, are rent prices crossing the affordability threshold for most renters? We’re getting into it all in this episode!


    In This Episode We Cover

    Why the housing market may stay “stuck” until 2026, and what happens after

    Home price appreciation predictions and whether we’ll continue to see values increase

    The “cold” real estate markets seeing price cuts and stagnant listings

    How new and experienced investors can prepare for the insurance “shocks” that keep coming

    Affordability updates and why rent prices may be peaking as tenants struggle to afford housing

    And So Much More!

    Links from the Show

    Grab Your Tickets to BPCon2024 in Cancún, Mexico

    Find an Investor-Friendly Agent in Your Area

    Join BiggerPockets for FREE

    Join the Future of Real Estate Investing with Fundrise

    Subscribe to The “On The Market” YouTube Channel

    Start Investing with Dave’s Newest Book, "Start with Strategy"

    Dave's BiggerPockets Profile

    Henry's BiggerPockets Profile

    Kathy's BiggerPockets Profile

    On The Market 218 - These “Subtle Risks” Could Have Astronomical Impacts on Real Estate Expenses w/John Sheffield

    The housing market is ‘stuck’ until at least 2026, Bank of America warns

     Want To Snag a Real Estate Deal? These 20 ‘Cold’ Markets May Be a Buyer’s Best Shot at a Bargain

     The home insurance shock hitting the housing market has landlords concerned, too

    Renters Must Earn $66,120 to Afford the Typical U.S. Apartment. The Typical Renter Makes $11,000 Less Than That.



    Jump to topic:

    (00:00) Intro

    (03:51) Housing Market “Stuck” Until 2026

    (13:59) Markets Seeing Price Cuts

    (19:49) Insurance “Shock” Hits Landlords 

    (25:41) The Rent is Too High!


    Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-233 

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

    Learn more about your ad choices. Visit megaphone.fm/adchoices

    37 min
  • 232: Better, Faster, Cheaper Mortgages Could Be On the Way w/Major Finance CEO

    The mortgage industry has just been through one of its biggest booms and busts, but some tech-first, cost-saving innovations could improve things for borrowers after this current cycle. During the low-interest rate environment, transactions were at record highs as borrowers rushed to refinance or buy homes at rock-bottom rates. But, once interest rates shot up, the volume stopped, and those in the mortgage industry saw their incomes plummet. Many had to raise prices to keep the lights on, making originating a mortgage even more expensive for borrowers. But things are changing—for the better.

    Faith Schwartz from Housing Finance Strategies is here to unveil some of the groundbreaking changes the mortgage industry is making and how it could make getting a mortgage more accessible and cheaper for first-time homebuyers and investors. Faith even shares some new loan products we didn’t know about, from mortgages that help low-money-down borrowers to products that allow access to equity without refinancing or using a HELOC (home equity line of credit).

    With mortgage origination costs around a whopping $13,000, Faith walks through the new technology that could dramatically reduce this high price for borrowers and lenders. Plus, an AI and high-tech push from the government could completely flip this often archaic system. If you invest in real estate, want to invest, or work in a real estate-related service, this will seriously impact you!


    In This Episode We Cover

    Tech-first solutions that could make originating mortgages cheaper and faster

    The massive boom and subsequent bust that led to today’s struggling mortgage industry 

    Why originating a loan is SO expensive, and the fees that could be eliminated in the future

    How the Federal government is creating new policies that help struggling buyers

    New loan products that can assist first-time homebuyers and those with untapped home equity

    And So Much More!

    Links from the Show

    Find a Lender

    Join BiggerPockets for FREE

    Join the Future of Real Estate Investing with Fundrise

    Subscribe to The “On The Market” YouTube Channel

    Start Investing with Dave’s Newest Book, "Start with Strategy"

    See Dave at BPCON2024 in Cancun!

    Dave's BiggerPockets Profile

    Dave's Instagram

    On The Market 220 - Top Lenders Share “Good News” for Mortgage Rates + Trending Investor Loans

    Connect with Faith on LinkedIn



    Jump to topic:

    (00:00) Intro

    (01:39) The "Perfect Storm" Mortgage Industry 

    (06:45) Mortgage Businesses Going Under?

    (08:55) The True Cost of a Loan

    (12:49) Government-Fueled Innovation 

    (17:33) Saving Homeowners During the Pandemic 

    (23:04) Tech-First Mortgages Are Coming

    (25:54) New Loan Products to Know About


    Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-232 

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

    Learn more about your ad choices. Visit megaphone.fm/adchoices

    37 min
  • 231: With Slow Spring Homebuying, Zillow Predicts Price Drops in 2025

    Zillow’s latest housing market forecast shows a decline in home prices over the next year after a very slow spring homebuying season. While spring is traditionally the hottest time of the housing market, with more sellers and buyers hitting the market at once, this year was stunted significantly. Will this trend continue as housing inventory remains at rock-bottom levels, or are things gradually improving, with a return to normalcy in sight? We’ve got Dr. Skylar Olsen, Chief Economist at Zillow, on to share the latest forecast and which markets could be in trouble.

    With mortgage rates still hovering around seven percent, homebuyers and sellers are stuck. Sellers don’t want to trade into a more expensive mortgage payment, and buyers can’t afford today’s median home price. As a result, some under-the-radar, affordable real estate markets are seeing home and rent prices increase, while some traditionally hot markets are already seeing price corrections.

    Where will the next correction hit, and which markets will have the most opportunity for real estate investors? Skylar explains it all, plus why Zillow updated their recent home price forecast to show a DROP in home values over the next year.


    In This Episode We Cover

    Zillow’s updated housing market forecast and why they’re predicting prices to drop

    The spring homebuying season’s “extra slowdown” and why buying/selling is so stunted

    Skylar’s 2025 housing market and mortgage rate predictions

    What happens when mortgage rates get cut, and whether this could fire up the housing market again

    The real estate markets seeing the most price corrections, plus hot markets Zillow is keeping an eye on

    Markets with the strongest rent growth (for single-family AND multifamily investors)

    And So Much More!

    Links from the Show

    Find a Lender

    Join BiggerPockets for FREE

    Join the Future of Real Estate Investing with Fundrise

    Episode Show Notes

    Subscribe to The “On The Market” YouTube Channel

    Start Investing with Dave’s Newest Book, "Start with Strategy"

    See Dave at BPCON2024 in Cancun!

    Dave's BiggerPockets Profile

    Dave's Instagram

    Property Manager Finder

    BiggerPockets Real Estate 959 - BiggerNews: 2024 Housing Market Update and Why Prices Are Still Rising

    Access Zillow’s Free Housing Data


    Jump to topic:

    (00:00) Intro

    (01:41) Homebuying Sees “Extra Slowdown”

    (06:56) Homes Sitting Longer 

    (08:39) More Inventory On the Way?

    (13:42) Zillow Updates Forecast 

    (18:17) Markets Seeing Price Corrections 

    (21:35) Hot Markets 

    (23:00) Where Rents Are Growing 

    (27:10) Investors, Watch THIS

    (29:53) 2025 Predictions 


    Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-231

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

    Learn more about your ad choices. Visit megaphone.fm/adchoices

    37 min
  • 230: Post-Pandemic Demand Boomerangs Back to Cities, What Should Investors Do? w/Richard Barkham

    “Super cities” are seeing a massive comeback in demand—one that most investors thought was impossible. With work-from-home being scaled back by many major companies, returning to downtown is a no-brainer for high-paid employees. With more amenities than the suburbs, younger workers are being enticed back into the office. And who’s winning with all this boomeranging demand? You guessed it—office investors. We brought CBRE’s Richard Barkham back to give us the latest update on how cities and office investors are faring.

    Office investing has been heavily criticized over the past few years as vacancies exploded and tenant turnover became increasingly common. Office space was an easy target as remote work became the new norm. However, trends change, and Richard sees a massive investing opportunity in certain office space sectors. But which cities are worth investing in and around? What type of office investments are faring the best? And will we continue to see downtown demand rebound?

    We’ll get into it all in this episode of On the Market. Plus, stick around to hear Richard’s predictions on interest rate cuts, whether or not we’ll achieve a “soft landing,” and what investors must be looking at NOW to make significant gains over the next few years.


    In This Episode We Cover

    The cities seeing the biggest influx in demand and why Americans are moving back to downtown

    Why the “doom loop” scenario never came true, even though so many forecasters predicted it

    The one type of office investing that could see a massive surge in demand over the next two years

    Richard’s “number one investment strategy” of 2024-2025 that investors MUST look into

    How residential real estate investors can take advantage of the rising demand for downtown housing

    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

    Property Manager Finder

    Hear Our Past Episodes with Richard:

    On the Market 141 - The “Doom Loop” That Could Crash Commercial Real Estate

    On the Market 179 - A “Year of Opportunity” to Come for Multifamily, Says CBRE’s Richard Barkham

    Read CBRE’s Latest Reports:

    Analysis of US Prime Office Buildings

    Shaping Tomorrow’s Cities



    Jump to topic:

    (00:00) Intro

    (01:24) Cities See Returning Demand 

    (05:41) The "Doom Loop" Scenario 

    (07:16) Offices Are Filling Up Fast

    (11:24) #1 Investment Nobody is Thinking About

    (15:37) Investing In and Around Cities 

    (22:31) Rate Cuts and Economic Predictions 

    (26:06) Investors MUST Do This


    Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-230

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

    Learn more about your ad choices. Visit megaphone.fm/adchoices

    32 min
  • 229: When Will Home Prices Fall? + The Affordable Housing Solution We All Want

    When will housing prices drop? Will real estate prices go down, or are we stuck with ever-worsening affordability as home prices continue to rise? What’s the solution to affordable housing, and why can’t investors just build smaller, more affordable homes? Our panel of expert investors gets asked these questions all day, so in this episode, we’re taking the above questions and some others from the BiggerPockets Forums and throwing them at our seasoned investors to get their takes.

    First, we ask, “What would have to happen for home prices to drop?” Investor or first-time homebuyer, you’ve probably asked yourself this question. We’ll give an in-depth scenario of the exact supply and demand factors that could cause prices to finally fall. Next, how to create affordable housing and why investors might be the answer. With high home prices, is it better to buy and hold or flip houses in today’s market? Plus, the experts share exactly WHICH markets they see the most potential in today. Finally, you’ll get the pro flipper’s tips for comping properties in a market with barely any home sales.

    Do you have a question to ask the experts? Post it in the BiggerPockets Forums, and we may answer it on a future show! 


    In This Episode We Cover

    What would cause home prices to fall and affordability to improve (and if it’s likely)

    The investor-friendly solution for affordable housing that could help you build wealth while providing much-needed housing

    Flipping vs. renting and what will make you the most money in today’s market

    The rarely talked about real estate markets with immense potential that we’d invest in today

    How to comp (compare) properties when the market is changing and there are limited home sales

    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

    Henry's BiggerPockets Profile

    Henry's Instagram

    James' BiggerPockets Profile

    James' Instagram

    Kathy's BiggerPockets Profile

    Kathy's Instagram

    Property Manager Finder

    See Henry, James, and Kathy at BPCON2024 in Cancun!

    Ask Your Question on the BiggerPockets Forums



    Jump to topic:

    (00:00) Intro

    (01:43) Could Home Prices Fall?

    (07:43) How to Create Affordable Housing

    (16:50) Best Time to Flip Houses?

    (22:24) Where We’d Invest Today

    (31:51) James’ Rules for Comping 

    (34:02) Ask Your Question Here!


    Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-229

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

    Learn more about your ad choices. Visit megaphone.fm/adchoices

    38 min
  • 228: Demand for Rentals is Rebounding as Affordability Begins to Improve w/Jay Parsons

    Downward pressure on rent prices is causing a “cascade” effect across all unit types. Whether you live in a luxury apartment or budget-friendly multifamily building on a busy street, you’ve probably seen asking rents lowering around you with apartment concession offers in many leasing offices. With multifamily supply hitting “peak completions,” apartment operators have had to tackle rising vacancy rates by lowering rents. But this trend could be reversing soon, just as things were getting more affordable for renters.

    Jay Parsons, rental housing economist, spends much of his day searching through rental data to find trends pointing to what could happen next. We’ve brought him on to understand why rents are dropping, where they could be heading, and what happens now that multifamily construction is starting to pause.

    Jay speaks on the rebounding rental demand that’s starting to show, why our “oversupply” of multifamily could quickly become a shortage, which apartment classes are seeing significant rent price discounts, and whether or not these problems could spill over into the single-family rental market. Plus, Jay gives his outlook for the next few years on whether or not rent growth will reaccelerate as multifamily construction starts fall significantly.


    In This Episode We Cover

    A rental demand update and why rent prices are getting more affordable

    What’s causing the recent demand rebound in the multifamily rental market?

    Why our multifamily “oversupply” could quickly vanish and create a new problem

    Growing demand for single-family rentals and why these investors may be in a better position

    When rent growth could reaccelerate and supply could shrink once again

    One growing risk multifamily investors must be aware of when choosing a market

    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

    Property Manager Finder

    See Dave at BPCON2024 in Cancun!

    Rent Prices Are “Guaranteed” to Increase Over the Next Two Years—Here’s Why


    Connect with Jay:

    Follow Jay on LinkedIn


    Jump to topic:

    (00:00) Intro

    (01:38) Rental Demand Rebounding? 

    (05:03) We're at "Peak Completions" 

    (07:52) What's Being Built?

    (12:14) Rent Cuts For All

    (18:09) Single-Family Rental Supply Shrinks 

    (21:04) Wage Growth Outpaces Rents

    (23:12) Is It Better to Rent?

    (26:19) Supply and Rent Predictions 

    (30:33) Big Regulatory Risks


    Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-228

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

    Learn more about your ad choices. Visit megaphone.fm/adchoices

    38 min

About On The Market

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Stay informed so you can invest with confidence. Join Dave Meyer, James Dainard, Kathy Fettke and Henry Washington for analysis of the news and economics driving today’s real estate market.

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