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Episode Description
Zillow is seeing “signs of life” emerging in the housing market. Strong demand, days pending hitting pre-pandemic levels, and serious cash flow in specific markets. How long will this last, and what happens when new construction completions fall off a cliff in the near future? Will rents and home prices reverse, going from stable (and even falling) to rising as demand outpaces supply even more?
Orphe Divounguy, Zillow Senior Economist, is back to share the most up-to-date housing market data. Orphe brings good news—sales are increasing, demand is surprisingly strong, and a recovery (albeit fragile) for the housing market is underway. Some markets are seeing a drastic increase in sales; others are seeing almost unbelievably strong cash flow (Orphe is talking $1,000/month), so which markets are which?
Finally, how long will this last? We keep talking about buyers getting discounts off of list price or serious seller concessions, but are we months or years away from this ending? With multifamily supply about to see a serious dropoff, the demand for housing (and rentals) could get even higher. Orphe breaks it all down!
In This Episode We Cover
The housing markets currently seeing strong cash flow even at list price (up to $1,000/month cash flow!)
Markets with the most home sales and why they’re beating many other major metros
Why rent and home prices could “firm” up once this happens in the housing market
No escaping this housing supply shortage? The reason why flat/declining population won’t crash housing
Sellers: How to price your home to get the highest (and quickest) sale (do not overprice)
And So Much More!
Links from the Show
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Find an Investor-Friendly Agent in Your Area
On The Market 433 - New Data: U.S. Home Prices Are Hitting Their Floor
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-443.
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