On The Market

If you want to build a real estate portfolio or make more money off of your current portfolio, there are three steps you need to follow. Real estate investing experts who built massive passive income have used these three steps for decades without even knowing it. Now, Dave Meyer is sharing them with you so you can build wealth, find financial freedom, and live the life you love.

In his newest book, Start with Strategy, Dave goes over three crucial steps that the most successful investors have taken either before or while building their real estate portfolios. Today, we’ll walk through all three steps, helping you design the life you want to live BEFORE you buy investment properties, pick out EXACTLY which properties will help you get there, and learn how to make the most money with the least properties possible. No matter what stage you’re at in your investing journey, these three steps can help you hit your goals MUCH faster.

If you want to build wealth in 2024, pick up Start with Strategy and use code “START177” at checkout to get 10% off PLUS pre-order bonus content!

In This Episode We Cover:

Latest homeowner equity numbers that put owners and sellers in an even better position

The most and least home-equity-rich housing markets in America

Foreclosure risk and how “negative equity” completely flipped since the Great Recession

The rise of “accidental investors” who are keeping more housing supply to themselves

Molly’s strong mortgage rate prediction and where she thinks rates will be by the end of this year

Whether or not equity could explode once again as buyers get back into the market

And So Much More!

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On The Market

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Kathy's BiggerPockets Profile

Kathy's Instagram

Henry's BiggerPockets Profile

Henry's Instagram

Grab “Start with Strategy” and Use Code “START177” at checkout for 10% off!

Every Strategy I Used To Build My Portfolio for Financial Independence

Book Mentioned in the Show

The Paradox of Choice by Barry Schwartz

Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-177

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Home equity just hit an all-time high for Americans. And while this is great for homeowners, what effects could this have on the housing market? Will house hoarding become a new trend as homeowners “lock in” with their rock-bottom mortgage rates? Will those who are equity-rich take their profits and move to cheaper markets, causing prices to skyrocket as they bid higher than local buyers can? Molly Boesel, Principal Economist at CoreLogic, is on to answer these questions and more!

CoreLogic’s latest Homeowner Equity Insights report has a clear takeaway: Americans are equity rich—really equity rich. On average, American homeowners have hundreds of thousands of dollars sitting in home equity, with some of the priciest housing markets having millions! This is causing a new type of investor, the “accidental investor,” that could keep housing supply locked up.

Molly gives her take on why so many homeowners are refusing to sell, whether or not mortgage rates will fall substantially next year, when refinancing will finally start to rise again, and if foreclosure risk is even a relevant worry in today’s rock-solid economy.

In This Episode We Cover:

Latest homeowner equity numbers that put owners and sellers in an even better position

The most and least home-equity-rich housing markets in America

Foreclosure risk and how “negative equity” completely flipped since the Great Recession

The rise of “accidental investors” who are keeping more housing supply to themselves

Molly’s strong mortgage rate prediction and where she thinks rates will be by the end of this year

Whether or not equity could explode once again as buyers get back into the market

And So Much More!

Links from the Show

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On The Market

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Kathy's Instagram

Home Equity: What It Is, How To Calculate, & How To Use It

Nearly Half of U.S. Mortgaged Homes Are Considered ‘Equity-Rich’ According to Report

CoreLogic’s Latest “Homeowner Equity Insights” Report

Connect with Molly:

Molly's LinkedIn

CoreLogic

Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-176

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The housing market has two big problems: home prices and a lack of supply. With so few homes on the market, buyers have barely anything to choose from, and sellers remain in control. But how did we get to this point? Back in 2008, there were too many homes on the market, and we all know what happened to home prices. So how did we go from being oversupplied to undersupplied by MILLIONS of housing units so quickly? The answer is pretty simple.

Mark Zandi, Chief Economist at Moody’s Analytics, joins us again to give his take on the 2024 economy, the housing market, home prices, and our massive underbuilding problem. The last time Mark was on the show, he explained the “slowcession” that could have taken place in 2023. Instead, a roaring economy took off with low unemployment, high consumer spending, and real wealth increases for many Americans.

But, as we head into 2024, there are still a couple of BIG problems: little-to-no housing supply and a polarizing presidential election of epic proportions. Both of these will have big impacts on the economy, and if you want to know what could be coming next, don’t miss this episode!

In This Episode We Cover:

The “rip-roaring” labor market and why unemployment has stayed so low

Why middle and high-income households are thriving while low-income households are struggling even more

The Fed’s recent rate pause and whether it was the right move for them to make

The 2024 election and the huge effects it could have on the economy

Our lopsided housing supply and why we’ve been building the wrong real estate for too long

Marks’ 2024 home price predictions and why weak/flat pricing could be in our future

And So Much More!

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Hear Our Last Episode with Mark on the US Bank Failures

Home Building is Exploding, But Will it Solve Our Inventory Crisis?

Connect with Mark:

Economic View

Mark's X/Twitter

Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-175

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With doomsday headlines and lagging consumer confidence, how should you proceed in 2024? Time to get the advice of TWO senior economists! BiggerPockets’ Dave Meyer talks with ZILLOW’s Orphe Divounguy and REDFIN’s Chen Zhao to demystify the latest US economic indicators and provide you with strategies to thrive in this year’s housing market. 

We’ll get into home prices, the incoming “affordability correction,” mortgage rate forecasts, and why next year could be significantly better for buyers. But that’s not all. Both Chen and Orphe share their outlook for the 2024 economy, the state of the American consumer, and what could happen as student loans kick back in, credit card delinquencies increase, and cash reserves run dry.

Finally, we’ll end things with Chen and Orphe’s list of real estate markets to watch and the pricey areas that may see a revitalized post-pandemic boom. If you want to know what to expect, where to invest, and if the hot housing market will return in 2024, stick around!

In This Episode We Cover:

Redfin and Zillow’s 2024 housing market predictions 

The “weakening” American consumer and what this means for homebuying

2024 mortgage rates, “disinflation,” and where we could end up next December

The “affordability correction” that could help home buyers get their first house

Riskiest real estate markets in America that could see HUGE price cuts

Affordable markets to watch that have had rock-solid home prices

And So Much More!

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Hear Past “On the Market” Episodes with Chen and Orphe:

On The Market 151 with Chen

On The Market 150 Orphe (Ep. 1)

On The Market Orphe (Ep. 2)

2024 Housing Market Predictions: Home Prices, Interest Rates, & Opportunities

Connect with Orphe:

Orphe's LinkedIn

Orphe's Research

Tune into “Everyday Economics” with Orphe

Connect with Chen:

Economists Corner

Chen’s LinkedIn

Chen's Research

Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-174

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What makes a good real estate market? A stable or growing population, large employers nearby, tourism, and, as a bonus, college-educated residents. Put those all together, and you’ve just stumbled upon your next great real estate investing area: college football towns! After digging into the data, the On the Market panel discovered that many top college football markets aren’t just great for partying and tailgating; they’re also undeniably promising property markets!

On today’s episode, Dave, Henry, James, and Kathy will uncover four of the BEST college football markets in the nation and share which ones they personally would invest in. Looking for cash flow? We’ve got a couple of markets. What about long-term appreciation? We have those, too! We even have one STRONG college football market that has seen prices drop off over the past two years, with HUGE potential for rising prices in the near future. 

If you’ve been waiting to buy your first or next rental property but don’t know where to invest and which metrics to watch, this is THE episode to listen to. The On the Market panel will explain exactly how they analyze each market, which ones make sense for which investor, and why you’ll want to score a deal in these cities before it’s too late! 

In This Episode We Cover:

The four best real estate markets for cash flow, appreciation, and football 

One expensive market with amazing house flipping profits and NO income tax 

The boomtown market that's seeing BIG price drops but has massive appreciation potential 

Two cash flow real estate markets with low home prices and strong populations 

The metrics expert investors look at before they invest in ANY real estate market 

And So Much More!

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Henry's Instagram

James' BiggerPockets Profile

James' Instagram

Kathy's BiggerPockets Profile

Kathy's Instagram

Investing in College Rental Property — Step-by-Step

The 8 Best Housing Markets in The US For Low Prices and High Cash Flow

Austin Price Decline Forecast

Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-173

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Americans have been waiting for a recession to kick in for the past year. With consumer sentiment down and debt piling up, it’s understandable why so many feel like the worst is yet to come. But what if the “hard landing” everyone was so afraid of already happened without us even noticing it? Could a “rolling recession” be why the economy never crashed at once? We’ve got Liz Ann Sonders, Charles Schwab’s Chief Investment Strategist, on the show to explain.

In a new report, Liz Ann touches on the one industry that could get hit hardest in 2024, what will happen if the labor market starts to break, and why we aren’t out of the woods yet for another recession. In today’s show, she’ll detail her findings and explain why SO many Americans feel now is an economically dangerous time, even while hard data points to confident consumers.

We’ll get Liz Ann’s take on the Fed rate cuts and whether or not they’ll even happen as the Fed eagerly awaits mortgage rate hike effects to finally kick in. Plus, recession indicators to watch in 2024 and why the bond markets could be pointing to something that no one else has been able to see. 

In This Episode We Cover:

The “rolling recession” and why a “hard landing” may have already hit

One industry that could get hit HARD in 2024 if the labor market starts to weaken 

Why we haven’t felt the full effect of the Fed’s rate hikes yet 

Fed rate cut predictions and how long the Fed could continue to hold high rates 

Recession indicators and what the bond market tells you that no one else is talking about

And So Much More!

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Why 2023’s “Rolling Recession” is Almost Impossible to Predict

BiggerNews: Soft Landing or Hard Recession? How to Build Wealth in Both

U.S. Outlook: One Thing Leads to Another

Connect with Liz:

Liz's Insights

Liz's LinkedIn

Liz's X/Twitter

Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-172

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

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Where are the BEST places to live in the US? Well, U.S. News & World Report just released their annual list to show which cities are worth picking up and moving to. Some of these cities are investor favorites, while others are rarely discussed within the real estate investing community. If these cities truly are some of the best places to live in the country, wouldn’t having property in such desirable markets lead to big investing profits?

Henry, James, and Kathy go over the top cities on the list, talking about which are worth investing in, which aren’t, cash flow vs. appreciation potential, and where they’d comfortably park their dollars in properties. And even though Dave is away on his honeymoon, we’re still bringing you LOTS of data, statistics, and trends to watch so YOU can get in on some of the top cities before investing masses know about them.

And, as always, thanks for joining us on On the Market. Our entire team wishes you the happiest of holiday seasons. Here’s to more deals, data, and passive income in 2024!

In This Episode We Cover:

The best places to live in the US and whether we’d invest in any of them

Why this low-cost, solid rental property market took the #1 spot this year

The south’s repeat winners that have strong employment and promising demographic trends

The one pricey mountain city that is worth investing in IF you can afford it

Metrics we look at before we’d invest in ANY real estate market

And So Much More!

Links from the Show

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BiggerPockets Forums

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On The Market

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Henry's Instagram

James' BiggerPockets Profile

James' Instagram

Kathy's BiggerPockets Profile

Kathy's Instagram

Best Places to Live in the U.S. in 2023-2024

Top 10 Real Estate Markets for Cash Flow in 2023

The Top 10 Housing Markets Forecasted For Strong Demand This Decade

Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-171

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

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A “reset” could be coming to the housing market in 2024. As mortgage rates fall, inventory rises, and consumer wealth begins to grow, more and more renters are in the position to buy. An economic “trifecta” could form that brings us back into a hot housing market, but will it be anything like 2021 and 2022? We’ve got Orphe Divounguy, Senior Economist at Zillow, back on the show to give Zillow’s 2024 housing market predictions and share where he’s personally looking to invest.

2023 was an impossible year for homebuying. Rates were high, inventory was non-existent, and fears of a recession made Americans have second thoughts about buying real estate. But now, it looks like the Fed will land their so-called “soft landing” as the economy continues to slow but grow at a rate we’ve been waiting for. This is good news for housing.

If you want to hear what Zillow thinks could come next in 2024, what will happen to housing inventory, where Americans will move, and how a presidential election could impact the property market, this is the episode to watch. Be sure to subscribe to On the Market, as Orphe will be back to discuss even more housing market predictions with Redfin’s Chen Zhao. 

In This Episode We Cover:

Why the housing market could have a “big reset” in store for 2024 

The economic “trifecta” that could put Americans in the perfect position to buy homes

Improving housing inventory and the BIG jumps made towards the end of 2023

2024 headwinds to watch out for and how a presidential election could freeze investing

Affordable markets that Americans are planning to move to in 2024

Where Orphe is looking to buy his next investment property (watch this market!)

And So Much More!

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Zillow’s Senior Economist on Why You DON’T Want Mortgage Rates to Fall

2024 Housing Market Predictions: Home Prices, Interest Rates, & Opportunities

Zillow’s 2024 Housing Market Predictions

Connect with Orphe:

Orphe's LinkedIn

Orphe's Research

Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-170

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

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For years, we’ve been hearing about how the single-family rental market is being bought up by hedge funds, iBuyers, and institutional investors. For the average investor, it seems like the corporate landlords are getting an unfair advantage—they have better data, better financing, full-time staff, and deep pockets to buy whatever and wherever they want. But a new single-family rental survey shows that the big players aren’t the ones controlling the market—it’s the little guys.

To walk us through this massive, single-family rental survey, is Rick Palacios Jr., Director of Research at John Burns Research and Consulting. Rick’s team accomplished the seemingly impossible task of measuring activity for 270,000 single-family rental homes to see how landlords are faring in 2023 and what their plans are for 2024. And while this survey focuses on REITs (real estate investment trusts), private groups, and other larger-type buyers, it provides invaluable insights for the small-time landlord.

Rick will walk us through rent growth (and decline) from the past year, where he believes rents will be in 2024, whether or not expenses could continue to rise, how high mortgage rates are affecting buyers, and why institutional investors are struggling in this market while mom-and-pops are buying!

In This Episode We Cover:

What the largest single-family rental survey says about the 2024 housing market

Rent “normalization” and why those who aggressively projected rising rents will get hit hard

Rising expenses, insurance costs, and whether or not it could get even worse 

Why institutional investors pulled out of the market while small-time investors thrived

How long the “lock-in effect” could last as high mortgage rates become the new norm

Whether or not the multifamily rent crisis could spill over into the single-family market

And So Much More!

Links from the Show

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On The Market

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James' BiggerPockets Profile

James' Instagram

On The Market Podcast 31: Wall Street: Huge Threat or Harmless Hedge Funds?

On The Market Podcast 110: Bullish Homebuilders, Affordable Housing, and Why Home Prices WON’T Move

John Burns Research and Consulting Single-Family Rental Survey

John Burns Research and Consulting Company LinkedIn

John Burns Research and Consulting Newsletter

John Burns Research and Consulting X/Twitter

John Burns Research and Consulting Website

Connect with Rick:

Rick's LinkedIn

Rick's X/Twitter

Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-169

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

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A recession isn’t off the table for 2024, so you’ll need to know how to prepare for a recession and profit if the economy starts to slide. If your real estate values fall, your tenants stop paying rent, or you lose your job, how will you ensure you keep your properties? Those who can survive the bad times often thrive in the good—so what should you do to prepare?

Today, our expert panel gives four suggestions ANY investor can take to make it through a recession unscathed. All of these suggestions are being put into practice NOW by our panel of experts. They’re not complicated, and acting on even a few of them could save you tens of thousands (or an entire property) if and when a recession finally does hit.

From cutting costs to keeping cash on hand, investing differently, and building a "backup" for buying properties, these tactics will enable you to scoop up the deals that inexperienced investors couldn’t hold onto!

In This Episode We Cover:

How to prepare for a recession (and profit!) in 2024 

Emergency reserves and how much you should have in the bank NOW

Quick ways to cut costs so your business can easily survive downturns

Accessing “backup” debt that’ll help you close on deals as banks tighten up credit

Looking outside of real estate for returns and how the experts are diversifying 

Why you MUST keep some “liquid” assets on you during a recession 

And So Much More!

Links from the Show

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On The Market

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Henry's BiggerPockets Profile

Henry's Instagram

James' BiggerPockets Profile

James' Instagram

Kathy's BiggerPockets Profile

Kathy's Instagram

How to Prepare for a Recession (and Profit!) in 2022

Soft Landing or Hard Recession? How to Build Wealth in Both

Books Mentioned in the Show

Recession-Proof Real Estate Investing by J Scott

Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-168

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

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