The housing market is confusing, to say the least. In 2020, at the start of lockdowns, nearly everyone you spoke to had the opinion that the housing market was headed straight for a crash. Not only was this wrong, but it was the opposite of what the data was saying. While mainstream news outlets and “2008 crash bros” were painting a picture of foreclosures, price drops, and bottomed-out demand, Logan Mohtashami was singing a far different tune.
Logan had been looking diligently at the data (like he does most days over at HousingWire) and he saw patterns that didn’t at all reflect the last recession. Instead, Logan predicted a runup in prices, hot buyer demand, and very low rates of foreclosures. In a time when almost everyone with a public voice was calling for an apocalyptic housing scene, Logan predicted much differently.
Now, two or so years later, we can see just how right he was. We’ve brought this beloved data-first housing market deep diver onto the show to answer some of our most burning questions. Logan hits on how housing inventory got so low, what will force demand back down, why new property taxes are bad news for buyers, and the smartest move an investor can make in 2022.
In This Episode We Cover
How to dig ourselves out of the housing inventory hole we’ve created
The “forbearance” myth that most housing market forecasters missed
Why buying a home may be the smartest hedge against inflation of the decade
Property taxes and why homeowners should (or shouldn’t) start to worry about them
Housing markets to look out for that may see demand drop after huge appreciation pumps
Why investors need to look at data “the right way” instead of relying on prominent internet forecasters
And So Much More!
Links from the Show
BiggerPockets Forums
BiggerPockets Agent
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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
Dave’s BiggerPockets Profile
Dave’s Instagram
Kathy's BiggerPockets Profile
Kathy's Instagram
Mortgage Applications Decrease in Latest MBA Weekly Survey
Nearly 1 in 5 Sellers is Dropping Their Price
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Is The Housing Market About to Collapse? What Investors Need to Know
Connect with Logan:
Logan's HousingWire
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Logan's Website
Logan's Instagram
Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-14
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