Home prices are falling, recession fears resurface, and no one wants to sell their home. Once again, the 2023 housing market finds a way to confuse us all as economic indicators point in opposite directions. But don’t worry; with all the real estate turbulence you’re feeling, we have the data to ease your mind. This time, Dave Meyer, BiggerPockets VP of Data and Analytics, will bring up some of his top findings in the newest Q2 update of Dave’s 2023 State of Real Estate Investing Report.
From inflation to the job market, housing inventory, and home prices, Dave will touch on the most important factors affecting real estate today. Why are buyers jumping back into the market? Will the Fed raise mortgage rates again? Has inflation finally tapered off enough to stop the interest-based carnage on commercial real estate? It’s a confusing time for homebuyers, so stay in the loop with up-to-date data from BiggerPockets!
Grab Dave’s 2023 Q2 Housing Market Report for FREE: https://get.biggerpockets.com/q2-2023-market-update?utm_source=youtube&utm_medium=dedicated_episode&utm_campaign=q2-2023-market-update-meyer
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Join BiggerPockets for FREE 👇
https://www.biggerpockets.com/signup?utm_source=owned_media
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Find an Investor-Friendly Agent in Your Area:
http://biggerpockets.com/agentmatch
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Find Investor-Friendly Lenders:
http://biggerpockets.com/lendermatch
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Listen to The “On The Market” Podcast Wherever You Listen to Podcasts:
Spotify: https://open.spotify.com/show/2NlzZ9NtHtZ2uBuaDNoGzY
Apple Podcasts: https://podcasts.apple.com/us/podcast/on-the-market/id1615086704
BiggerPockets: https://www.biggerpockets.com/podcasts/on-the-market?utm_source=owned_media
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Watch Dave on the “On The Market” YouTube Channel:
https://www.youtube.com/channel/UCxDXuLvtjJ9Est8PrG3i2VA
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Check Out Last Week’s Episode on Home Foreclosures:
https://youtu.be/uwE6AjMiReQ
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Inventory Shortage Could Continue As Interest Rates Rise and Homeowners Feel “Locked-In”:
https://www.biggerpockets.com/blog/lock-in-effect-real-estate-market?utm_source=youtube&utm_medium=description&utm_campaign=none
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Multifamily Real Estate Is At Risk Of Crashing — Here’s Why:
https://www.biggerpockets.com/blog/multifamily-real-estate-is-on-the-brink-of-crashing?utm_source=youtube&utm_medium=description&utm_campaign=none
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Data Used in This Video:
FRED CPI: https://fred.stlouisfed.org/series/CPIAUCSL
FRED GDP: https://fred.stlouisfed.org/graph/?g=8eiT
FRED Mortgage Rates: https://fred.stlouisfed.org/series/MORTGAGE30US
Redfin Data: https://www.redfin.com/news/data-center/
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Connect with Dave on BiggerPockets:
https://www.biggerpockets.com/users/davem27?utm_source=youtube&utm_medium=description&utm_campaign=none
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Follow Dave on Instagram:
@thedatadeli or https://www.instagram.com/thedatadeli/
FRED® Graphs Federal Reserve Bank of St. Louis. 2022. All rights reserved. All FRED® Graphs appear courtesy of Federal Reserve Bank of St. Louis. https://fred.stlouisfed.org/
00:00 Q2 Housing Market Update
01:15 Economic Indicators to Watch
05:12 An Incoming Recession?
06:02 Why Are There NO Houses to Buy?
11:55 3 Tips You MUST Follow
15:59 Get the Full Report
