View Transcript
Episode Description
This could have profound effects on the housing market, and if you work or invest in real estate, you need to know what's coming next.
Energy shocks, high inflation, new job numbers, the worst consumer sentiment in 70 years…it’s all hitting us in a single week, and the housing market is already reacting. After months of affordability gains, mortgage rates jumped back to 6.4% in response to the oil price spike and, by proxy, high inflation readings. The Fed has already made the bulk of its rate cuts, so is there any room left for interest rates to go down?
Home sales are already slowing, and consumers are feeling the worst about the economy in 70 years. This will impact the housing market, and it’s not good news for agents, brokers, lenders, or anyone involved in transactions. But for investors, we’re being given yet another opportunity to buy deals…and the discounts could be getting deeper.
The window to act is widening even more. Here's how to position yourself before it closes.
In This Episode We Cover
New inflation rate readings and why the CPI rose close to 1% in just a month
Mortgage rates are stuck: why they can’t fall much more, even with a new Fed chair
Latest home sales data that shows how the housing market is already reacting
Why more and more investors are getting pessimistic about the housing market
Will home prices crash? Here’s what’s holding them stable right now
What investors need to do to prepare themselves right now to get better deals
And So Much More!
Links from the Show
Join the Future of Real Estate Investing with Fundrise
Join us at the BiggerPockets Conference October 2-4 in Orlando. Buy tickets
Sign Up for the On the Market Newsletter
Find an Investor-Friendly Agent in Your Area
On the Market 372 - New Recession Indicator Shows Americans Worse Off Than We Thought
Grab the Book, Recession-Proof Real Estate Investing
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-417.
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.
Learn more about your ad choices. Visit megaphone.fm/adchoices