233: Housing Market “Stuck” Until 2026 as Insurance Prices Rise, Rents Slow
On The Market
Shownotes Transcript
**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 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")
Henry's BiggerPockets Profile)
Kathy's BiggerPockets Profile)
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)
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)
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