Air Quotes

In the Pacific Northwest, we've seen about a 25 to 28% drop off peak pricing. We're still sitting four to five percent over the median home price growth from last year. I don't really see this as like a crash. I just see that we're deflating things. This is like a slow or just let me air out.

Play episode from 24:43

chevron_right

Transcript

chevron_right

Transcript

Episode notes

The 2022 housing market doesn’t make a whole lot of sense. At the start of the year, competition was fierce, with bidding wars on every home and lines out the door just to view an open house. Now, in quarter three of this year, interest rates have hit decade-long highs, buyers are more in control, and days on market are starting to creep back up. As a homeowner, investor, or renter, you need to know what's on the horizon so you can build wealth while others run for the hills.

Joining us today are James Dainard, Jamil Damji, and Kathy Fettke, a gaggle of real estate veterans and the expert guests on BiggerPockets’ On the Market podcast. They’ve seen up markets, down markets, and confusing markets like today. As investors who touch almost all corners of the United States, with different areas of expertise, they bring the facts on what’s happening in today’s housing market.

We talk about interest rate updates, when the “inventory crisis” will end, why demand has taken a nosedive, and whether or not it’s still a good time to buy real estate. We also talk about the state of the economy, inflation, and how the Federal Reserve may be working to put us into another recession. This up-to-date episode will give you everything you need to make smart buying or selling decisions in today’s housing market.

In This Episode We Cover

Why interest rates are up and what it means for the housing market

Whether or not the Federal Reserve is trying to cause a real estate correction

When and where you can expect price drops and how long they’ll last

Is now still a good time to buy real estate (investments AND primary residences)

Adjustable-rate mortgages (ARMs) and why they’re worthwhile in times like today

The housing inventory crisis and how Millennial demand drove up prices

And So Much More!

Links from the Show

BiggerPockets Money Facebook Group

BiggerPockets Forums

Finance Review Guest Onboarding