Deals Are HERE for These “Thawing” Real Estate Markets
Description
The housing market is changing. Some once-hot markets are showing signs of becoming buyer's markets, giving you a better opportunity to snag your next real estate deal. With days-on-market growing but underlying fundamentals looking strong, this could be one of the best times to buy houses in cities that have phenomenal long-term potential but haven't heated up again to become seller's markets.
Why not skip the competition and buy in great markets beginning to cool? Today, we share some of the best markets to buy in, with the biggest investment opportunities. Data scientist Austin Wolff is back to talk about the "coldest" markets that have the best buying potential and some affordable cities that still have below-average home prices but well above-average housing market metrics.
We're talking about why these buyer's markets are suddenly emerging, Dave's favorite "cold" market with serious potential, Kathy's famous money-making market seeing massive job growth, and what to look for when buying in these (temporarily) chilled housing markets.
In This Episode We Cover
The new buyer's markets that boast solid housing market fundamentals
Why some of the nation's top markets are seeing days-on-market rise
Have homeowners finally accepted this new normal and are ready to sell?
Kathy's number one tip when buying and rehabbing older homes
The neighborhoods Dave's looking to buy in (long-term rent growth potential)
And So Much More!
Links from the Show
Join the Future of Real Estate Investing with Fundrise
Find an Investor-Friendly Agent in Your Area
Grab the Housing Market Data from Today’s Show
Austin's BiggerPockets Profile
Know the Numbers Before You Buy with “Real Estate By the Numbers”
Jump to topic:
(00:00 ) Intro
(02:15 ) Why Housing is “Thawing”
(05:24 ) Signs Your Market is Slowing
(11:00 ) Buyer’s Markets Emerge
(15:19 ) New Buyer’s Markets
(21:10 ) Dave's Favorite “Cold” Market
(23:40 ) Do This Before Buying
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-289
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.
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