On The Market

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 advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

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 advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

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 advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

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 advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

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 advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

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 advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

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 advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

“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 advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

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 advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

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 advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Will we finally get the rate cuts the Fed hinted at earlier this year? Has the job and housing market taken a big enough hit for us to still be concerned about inflation? And how are more Americans going mortgage-free during such economic uncertainty? The housing market is changing fast, but we’re here to break down all the latest data from recent headlines as we touch on inflation, rate cuts, housing market competition, foreclosure activity, and more! We know what you want to hear about—rate cuts. We’ll touch on the latest Fed update in our first headline, as the chance of a 2024 rate cut increases with last week’s promising inflation data release. This is good news for homebuyers but may make getting a job (or keeping one) challenging. What do we mean? We’ll explain it all at the start of the show. Next, housing competition begins to drop as inventory increases and homes sit on the market longer. Will this lead to a decrease in home prices over the next year? One top listing site believes so. With all this worry about mortgage rates, many Americans are going in the opposite direction as mortgage-free homeownership steadily increases. This could have long-lasting effects on housing inventory, but when will it hit? Finally, we touch on the increase in foreclosure activity and whether or not it’s a sign of a shaky housing market to come! In This Episode We Cover The Fed’s new rate cut prediction and how big the cut could be in 2024 Inflation rate updates and why financial markets celebrated last week How a spike in new listings could lead to lower competition and on-market houses sitting longer The steady increase in mortgage-free homeownership and what happens when these houses get inherited Why foreclosure activity is starting to rise, but it may not mean what you think 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 Henry's BiggerPockets Profile Henry's Instagram James' BiggerPockets Profile James' Instagram Kathy's BiggerPockets Profile Kathy's Instagram Property Manager Finder See Dave at BPCON2024 in Cancun! Headlines from Today’s Show: Rate Cuts Housing Competition Mortgage-Free Homeowners Foreclosures   Book Mentioned in the Show: Real Estate Deal Maker by Henry Washington Jump to topic: (00:00) Intro (02:11) Fed Gives New Rate Prediction  (08:41) Housing Competition Cools Off  (22:07) Homeowners Go Mortgage-Free  (31:06) Foreclosure Activity Increases  Check out more resources from this show on BiggerPockets.com and  https://www.biggerpockets.com/blog/on-the-market-227 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

Multifamily sales are at the lowest point in the past four years. We haven’t seen transaction levels this low since the start of the pandemic and after the last housing crash. But, for buyers, this could point to some tremendous opportunities. With fewer sales could come higher cap rates, lower prices, and more profit per dollar spent on your next multifamily deal. The question is, how low will prices go, and when WILL be the right time to buy? Xander Snyder, Senior Commercial Real Estate Economist at First American, joins the show to give us the latest update on multifamily sales, prices, cap rates, and even a prediction for 2025. Xander strongly argues that multifamily price declines could be far from over. With buyers patiently waiting for sellers to drop their prices and the cost of capital still so high, motivated sellers must act quickly to get a buyer, which could mean more price cuts. We’ll also discuss why cap rates are expanding and how they’ve already jumped fifty percent in some markets. Plus, what could happen to rents as the “oversupply” of multifamily investments hits the market? An even better question is what happens when all that supply gets used up? We’re answering it all in this episode. In This Episode We Cover 2024 multifamily transaction volume updates and why sales are so low Cap rate expansion and why this is great news for buyers (but NOT for sellers) Why multifamily price drops aren’t even close to finished Rent price growth predictions and why multifamily investors shouldn’t be too sure that they can increase rents How our multifamily “oversupply” could quickly become an undersupply  What to expect from the multifamily market in 2024 and into 2025 (significant changes!) 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! Multifamily Is Likely To Start Recovering in 2024—Here’s Why Follow Xander on X Why Apartment Rents are Poised to Decline in Former Pandemic Hot Spots (Graph) Jump to topic: (00:00) Intro (01:03) Multifamily Transactions at Rock-Bottom (04:34) Why Volume is So Low (06:29) Buyers Are Waiting for This (08:38) Cap Rates Expand  (13:53) Investors Will Have to Wait (14:57) Will Prices Keep Declining?  (17:38) Multifamily Rent Forecast (19:36) The "Oversupply" Could Flip (23:26) 2025 Predictions  Check out more resources from this show on BiggerPockets.com and  https://www.biggerpockets.com/blog/on-the-market-226 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

Zero-down mortgages are back. That’s right. You can now get into a home with (potentially) zero dollars out-of-pocket. But wait…this is starting to sound a bit like 2008. Remember the fully-funded mortgages that didn’t require income verification? Are we back to the days of NINJA loans as homebuyers struggle with affordability, forcing them to take on zero-down loans? Not quite. We’ll explain why on this headlines show! This time, we’re talking about the new zero-down mortgage loan. But that’s not all. One crucial housing metric has exploded, and if you sell, BRRRR, or flip houses, this is one metric you MUST pay attention to. Remember back in 2021 when lumber prices were so high that you needed to take out a personal loan to buy a toothpick? The mahogany tables have turned as we bring some good news for new construction investors and home renovators. Lastly, we look overseas at the international housing markets that are seeing the biggest price drops and increases. We also share where we would invest abroad and whether or not we think these markets beat the good ol’ USA. Stick around for your latest housing market update on this headlines show!  In This Episode We Cover New zero-down mortgage loans and whether they’ll lead to risky home purchases What you must know (and do) if you’re going to buy a home with low money down The one home price metric you should pay attention to when flipping, rehabbing, or buying new construction Good news for new builds and why lumber has finally returned to pre-pandemic price levels The international housing markets seeing the biggest price drops, and whether we’d buy there or not 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 Henry's BiggerPockets Profile Henry's Instagram James' BiggerPockets Profile James' Instagram  Kathy's BiggerPockets Profile Kathy's Instagram Property Manager Finder See Dave at BPCON2024 in Cancun! No Money Down Loans: How Do They REALLY Work? Zero-down mortgages are making a comeback A key home price metric has skyrocketed since 2019 Federal Reserve rate stagnation impacts wood products markets 3 International Locations Where Housing Prices Are Plummeting Post-Pandemic Jump to topic: (00:00) Intro (01:22) 0% Down Mortgages Return  (14:13) Crucial Housing Metric JUMPS (20:41) Lumber Prices Stabilize  (26:51) International Home Prices Drop  Check out more resources from this show on BiggerPockets.com and  https://www.biggerpockets.com/blog/on-the-market-225  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

Wholesaling real estate may be banned nationwide within a few short years. After a new law was passed in South Carolina prohibiting the practice, other states started to follow their lead, making their own laws that limit or completely restrict wholesaling real estate. Why is this happening now, and if a nationwide wholesaling ban does get passed, are there loopholes for wholesalers to still make money assigning properties? South Carolina real estate attorney Gary Pickren is on the show to explain. Gary is no stranger to wholesaling. He’s quick to tell you how crucial wholesaling has been to his business’s growth. But Gary isn’t trying to dance around the new laws and pretend that everything will be alright for real estate wholesalers. In fact, Gary believes that this new South Carolina law could change real estate wholesaling forever, and it may even be for the best. We’ll describe the new South Carolina law and the legal verbiage that spells out the wholesaling ban. Gary even gives a completely legal way of getting around the new wholesaling law, but the rules MUST be followed. If you’re a wholesaler anywhere in the United States, this law directly affects you and your livelihood. Not staying up-to-date on this could, at best, cost you money or, at worst, land you behind bars. In This Episode We Cover Wholesaling explained and why the practice is currently in jeopardy The newest South Carolina wholesaling law and its monumental effects on the industry Wholesaling “assignments” defined and the risk of marketing a property in the wrong way Whether or not this new law could lead to a nationwide ban on wholesaling  Gary’s savvy way to get around this wholesaling ban through this one type of “contract” Whether or not this new law applies to commercial real estate wholesaling as well 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 James' BiggerPockets Profile James' Instagram  Kathy's BiggerPockets Profile Kathy's Instagram Property Manager Finder A New South Carolina Law Would Severely Crack Down on Wholesaling Wholesale Real Estate – What Is It & How to Get Started For Beginners Is Wholesaling Legal? It’s Complicated Jump to topic: (00:00) Intro (01:38) What is Wholesaling?  (05:33) Working Against Realtors? (07:59) How Everything Changed  (13:52) The Real Problem with Wholesaling (16:27) The End of Wholesaling  (20:33) Tricky Legal Language  (28:01) A Nationwide Wholesaling Ban? (34:47) What About Commercial Real Estate? Check out more resources from this show on BiggerPockets.com and  https://www.biggerpockets.com/blog/on-the-market-224  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

House flipping vs. renting vs. build-to-rent: which real estate investing strategies could make you the MOST money in the second half of 2024? At the beginning of the year, many investors believed that interest rates would be coming down, housing inventory would finally return to the market, and inflation had been defeated. But that didn’t turn out to be the case. In this ever-changing housing market, what should investors like you do to make the most money possible with the fewest risks? We asked three of our expert panelists to give their take! So today, we’re having a friendly real estate investing strategy smackdown to pit house flipping against buy-and-hold against build-to-rent homes. Each strategy has BIG benefits but also comes with some serious risks rookie and expert investors should be looking out for. Plus, these investing strategies are NOT for everyone. We’ll discuss who should (and definitely shouldn’t) invest using each method. 2024 is not an easy real estate market, but our expert investors lay out the exact risks to avoid, how to get around them, and the best ways to build serious wealth while most Americans sit on the sidelines. We’ll talk about the enormous gains you can make even with high interest rates, what James calls the best way to find financial freedom, how to invest EVEN if you have very little time, and the one type of rental property with WAY lower insurance and repair costs.  In This Episode We Cover The three best real estate investing strategies of 2024 and which methods we’re using TODAY Buy-and-hold real estate and the CRUCIAL skill that will help you build a real estate portfolio faster  The costs that can kill your house flipping business, but the massive gains you can make EVEN in 2024 Build-to-rent investments and why this may be one of the easiest ways to invest in real estate Don’t have experience or money? How to form partnerships that’ll grow your wealth even if you’re a beginner  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 How to Build Wealth With Rental Properties Through Buy & Hold Investing Flipping Houses: How to Get Started and Everything You Should Know Investors Are Putting Their Money in Build-to-Rent Homes at a Record Rate—What’s Causing the Frenzy? Jump to topic: (00:00) Intro (01:18) Buy (Renovate) and Hold (08:32) Who Should Buy and Hold? (10:05) Biggest Risks  (12:04) Flipping Houses  (17:41) Who Should Flip? (20:01) Biggest Risks  (22:57) New Construction  (31:34) Biggest Risks  (34:36) Best 2024 Investing Strategy  Check out more resources from this show on BiggerPockets.com and  https://www.biggerpockets.com/blog/on-the-market-223 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

Millennials can’t afford homes, but somehow, their younger siblings, Gen Z, can. Even with over a decade more work experience than Gen Z, Millennials still feel priced out of the housing market. So how can the younger generation, only twenty-seven years at the oldest, already be on track to beat Millennials in the homebuying race, all while mortgage rates and prices are high, inventory is low, and inflation is eating away at Americans’ disposable income? We’ve got Redfin’s Chen Zhao back on the show to explain. Today, we’re trying to answer one question: Who is buying all the houses? With younger generations struggling to buy and more Baby Boomers aging in place, real estate investors want to know their competition and who they may be selling their homes to. In this episode, Chen breaks down the data behind age trends in homebuying, plus shares why Millennials fell behind past generations. But that’s not all. We’re getting into the changing landscape of the “buy vs. rent” debate and whether more renters now will mean fewer homebuyers in the future. Plus, with an aging Baby Boomer generation, will we finally see the “Silver Tsunami” of housing inventory hit the market as boomers “age in place,” especially with their large share of family-sized houses? Could our housing supply problems reverse if a sizable amount of inventory hits the market? We’re answering it all coming up! In This Episode We Cover Why Millennials can’t afford houses, and the reason so many still don’t own homes How Gen Z is already on track to get ahead of Millennials even with today’s economic turbulence Buying vs. renting a home and the “mismatch” between what renters want and what landlords supply A potential reversal of our massive housing shortage and when this could happen Whether or not the “Silver Tsunami” will hit the housing market as boomers get older How the increase of “aging in place” will affect home inventory as Gen Z/Millennials try to buy 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 On the Market 151 - The Math Behind Mortgage Rates and Why They’re Staying Put Real Estate Podcast 867 - Zillow and Redfin Top Economists Give Their 2024 Housing Market Predictions Why Are Millennials So Behind in Homeownership?   Connect with Chen: Chen’s LinkedIn Redfin News Redfin’s “From Our Economists” Redfin Report: Gen Zers and Young Millennials Took Out 40% of U.S. Mortgages in 2023 Jump to topic: (00:00) Intro (01:03) Are Millennials Priced Out? (04:29) Millennials’ Lost Decade (07:46) Gen Z is Getting Ahead (11:08) Is Homebuying Overrated?  (16:56) The Housing Shortage Could Reverse  (19:58) Boomers Ageing in Place  (25:20) Young People are STILL Buying!  Check out more resources from this show on BiggerPockets.com and  https://www.biggerpockets.com/blog/on-the-market-222 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

Home prices are still soaring as they hit a new record high, despite high mortgage rates and low inventory dampening demand. At some point, this unaffordable housing market must make Americans even a bit bearish on real estate, right? Well, maybe not, according to a new survey that shows what Americans view as the best investment in the long term. But these updates are just the tip of the iceberg on today’s headlines show! We’re back to discuss the housing market’s most hard-hitting headlines and share our opinions on whether they’re fact, fiction, or pure hype. First, Americans give their take on the best long-term investment, and one asset in particular reigns supreme (sorry, it’s not crypto!). Next, will record-breaking home prices push demand down even further, forcing house flippers and home sellers to get desperate? Our experts share exactly what they’re seeing in their local markets. Speaking of home sellers, are you selling right now? If so, there are five things you CAN control that’ll help you sell your home faster and for more, even in today’s tough housing market. Expert house flipper James Dainard gives even more tips on how he gets his flips sold at lightning speed, even during slow seasons. Finally, we touch on Airbnb’s latest party-pooping and how they’re putting hosts in the driver’s seat to protect their properties from ragers that could ruin their homes. Plus, an update on the end of endless shrimp (check out this episode for context). Just getting into real estate investing? Catch a FREE investing webinar on how you can get in the game as a complete newbie. Ready to invest? Join BiggerPockets Pro and use code “NEWMARKET24” for 20% off, plus get access to elite investor tools to help you get more deals done! In This Episode We Cover Why Americans think this asset is the best long-term investment  Home price updates and what the effects could be with housing prices hitting record highs Five tips to sell your home faster and for more money even in today’s housing market What an expert house flipper does on EVERY home he sells to get the best price possible Airbnb’s newest party ban and how hosts can protect their properties An unfortunate update on one of America’s most beloved seafood restaurant chains 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 Henry's BiggerPockets Profile Henry's Instagram James' BiggerPockets Profile James' Instagram  Kathy's BiggerPockets Profile Kathy's Instagram Property Manager Finder BiggerPockets Real Estate Podcast 959 - BiggerNews: 2024 Housing Market Update and Why Prices Are Still Rising Want to Sell Your Home Fast—for the Most Money? Do This Articles from Today’s Show:  Best Long-Term Investment  Home Prices  Home Seller Tips  Airbnb Parties Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-221 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

We may be close to some serious mortgage rate relief, according to today’s panel of top lenders. With interest rates finally starting to slide after cooling inflation and lackluster job growth, investors are gaining hope that we could see more affordable mortgage rates resurface after a very harsh past two years. So, what could come next? Stick around because we’ve got mortgage rate predictions and the best investor loans to look for coming up in this episode! Caeli Ridge, Krystle, and Kenny Simpson, our expert investor-lenders, are back on the show to give their take on the commercial and residential mortgage space. All are feeling a bit more optimistic as we see rates finally trend into the six-percent range for primary residence homebuyers, with rates up another percent or so for investors. But with today’s mortgage rates still relatively high, which loans should investors use? From DSCR loans (debt service coverage ratio) to HELOCs (home equity line of credit), construction loans, and more, we’ll get into each of these loan products and share which ones investors are taking advantage of today. Plus, if you’re struggling to find cash flow in today’s tough housing market, our lenders offer some simple but significant solutions to boost your ROI and help you build your portfolio. Do you have an adjustable-rate mortgage? If so, you MUST heed our commercial lender’s words, as you could get a surprise increase in your monthly mortgage very soon. In This Episode We Cover Top lenders’ mortgage rate predictions and updates on today’s rates Why mortgage rates haven’t fallen faster and why there’s hope on the horizon Trending loan products investors are using to build their real estate portfolios even with high rates Why commercial lenders are getting cautious and starting to deny this one type of loan ADU (accessory dwelling unit) lending updates and why it could be easier to get ADU funding soon How to boost your cash flow and maximize your ROI WITHOUT buying more properties 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 On The Market Podcast 185 - Top Lenders on Mortgage Rate Predictions + Loans You’ve NEVER Heard Of w/Caeli Ridge and Krystle and Kenny Simpson BiggerPockets Daily Podcast 1263 - Investors: Stop Worrying About Interest Rates—Here’s Why Right Now Is the Time to Buy On The Market Podcast 184 - Fannie Mae’s Mortgage Rate “Range” to Expect in 2024 and 2025   Connect with Caeli : Caeli's BiggerPockets Profile Caeli's Instagram Caeli's LinkedIn  Caeli's Website   Connect with Krystle and Kenny: Kenny's BiggerPockets Profile Krystle's Instagram  Kenny's Instagram  Krystle's LinkedIn Kenny's LinkedIn  Kenny's X/Twitter The Simpson Team's Website Jump to topic: (00:00) Intro (01:07) Mortgage Rate Predictions + Update  (08:16) Trending Loan Products  (11:29) Commercial Lenders Get Cautious… (19:41) Everyone’s Building ADUs! (26:29) Advice for 2024 Investors  (33:07) Work with a Solid Lender Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-220 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

If you’re like most investors, you’ve probably asked yourself, “Should I pay off my rental property early?” With today’s high mortgage rates, troublesome inflation, low inventory, and risky economy, many investors don’t know whether it’s the right move to pay off their mortgage, reinvest in their properties, or go out and buy more. Paying down your debt gives you a guaranteed return, but with home prices still climbing, you could miss out on the sizable appreciation of getting another rental. On today’s show, we’re going to debate which is the best move to make. Should you pay off debt, buy more investment properties, reinvest in your portfolio, or put more money down when you buy? Each investor has a different method for their next move, but thankfully, our expert panel gives their thought processes for figuring out which decision is best for your portfolio. Henry even shares his “three buckets” framework that EVERY investor should think through BEFORE investing or paying off a property. We’ll also discuss the crucial calculations you can use to help you decide and avoid analysis paralysis if you’re stuck between choices. Plus, how a high-risk house flipper like James protects himself from downsides even during tough markets like today. Don’t pause on making moves that could help you reach financial freedom; stick around, and we’ll show you exactly how to know which moves to make in 2024’s housing market!  In This Episode We Cover Whether to pay off your mortgage early, reinvest, or buy more properties Why EVERY investor needs to calculate return on equity (ROE) on their portfolio Is it too risky to invest today? Why James is making even more high-risk investments in 2024 The “three buckets” of your real estate portfolio that will help decide what you should do with your cash What to do with extra money and how to make some serious passive income with private money lending The only time when we would put a large down payment on a rental property 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 Henry's BiggerPockets Profile Henry's Instagram James' BiggerPockets Profile James' Instagram Property Manager Finder Should You Pay Off Your Mortgage Early or Invest? BiggerPockets Real Estate 622 - ROE over ROI and Why Your “Cash Flow” Number is Deceiving Books Mentioned in the Show Real Estate by the Numbers by Dave Meyer Start with Strategy by Dave Meyer Jump to topic: (00:00) Intro (02:06) Too Risky to Invest? (09:18) Pay Off Debt Instead? (15:56) Value-Add and Reinvesting  (23:55) Putting More Money Down Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-219 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

Owning real estate could get expensive—yes, even more expensive than it already is today. Insurance prices, property taxes, maintenance costs, and more are going through the roof, and there isn’t much stopping these costs from jumping even more. What’s accelerating the rise in these upkeep costs? Hotter summers, colder winters, and more natural disasters. Growing climate risk is making real estate deals harder and harder to pencil, and even some safer areas to invest are seeing sizable pricing upticks.  John Sheffield from ICE brings us the latest data on the financial impacts of climate risk in this episode. When we say “climate risk,” we know what you’re thinking: hurricanes, tornadoes, and wildfires. But that doesn’t even scratch the surface of what’s causing real estate expenses to jump. Areas of the US with once-cool summers are now experiencing record-breaking heat, increasing hail damage is denting roofs and breaking windows, and flooding has become the norm. These subtle climate effects have huge implications for your bottom line. So, what should you do to secure the profit you’re looking for on your next property? John hits on the expenses that are rising the most, the areas where home upkeep costs could almost mirror monthly mortgage payments, and what investors must do when underwriting their next deal to account for this massive jump in expenses. In This Episode We Cover The actual cost of climate risk and the expenses that are seeing the most significant pricing surges Why even areas without hurricanes, fires, or tornadoes are still at significant risk  Property tax problems and underfunded local governments that could quickly raise taxes Insurance underpricing that could lead to even more expensive home protection Areas where home prices could drop as a result of inflated home expenses Where to find and track climate data so you know where (and where not) to invest  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 BiggerPockets Real Estate 951 - BiggerNews: Why Low Mortgage Rates Can’t Solve Our Affordability Crisis BiggerPockets Real Estate 895 - BiggerNews: How Climate is Exploding Insurance, Building, and Investing Costs Growing Home Insurance Costs Will Destroy Your Cash Flow—Here’s What You Can Do About It Jump to topic: (00:00) Intro (01:31) Costly Climate Risk (07:56) A Huge Insurance Problem  (14:31) Property Taxes and Utility Costs (20:38) Maintenance Inflation  (22:54) What Investors Must Do (25:22) Prices Could Drop Here  (30:08) Where to Find Climate Data  Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-218 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