Is some alleviation from inflated home prices headed our way? Over the past two years, sellers have taken the housing market for a ride, getting dozens of offers on every listed house. No matter the condition, area, or age of the property, buyers were filling open houses every weekend just to make an over-asking offer on what should be a reasonably priced house. Now, the tables are starting to turn, and as a result, sellers are getting desperate.
Interest rates are rising and buyers are backing out of the market by the dozen. Instead of twenty offers in a weekend, sellers are looking at two, and none of them are over asking price. This is good news for home buyers and great news for investors, as deals are becoming easier to come by while the housing market hysteria takes a breather.
We brought the entire On The Market panel in this week to see where they’re finding deals, how their own markets are fairing, and what investors should look for on the horizon as demand steadily starts to slow. We also go into the future of housing inventory and how another inventory crisis could be coming soon.
In This Episode We Cover
June housing market updates and why the housing market is starting to slow
Why fear-first sellers are dramatically lowering their asking prices simply to sell
Could we enter into another inventory crisis and why some investors think this dip is only temporary
Where to find deals in today’s market and why real estate agents may become a phenomenal deal source for you
How flippers and BRRRRers can prepare for housing prices to head back down
And So Much More!
Links from the Show
BiggerPockets Forums
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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
Find an Investor Friendly Agent in Your Area
Dave’s BiggerPockets Profile
Henry's BiggerPockets Profile
James' BiggerPockets Profile
Jamil's BiggerPockets Profile
Kathy's BiggerPockets Profile
Dave’s Instagram
Henry's Instagram
James' Instagram
Jamil's Instagram
Kathy's Instagram
Grab This Episode's Data Drop (Lead Indicator Data for US Housing Markets)
Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-21
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