Episode #859
The Federal Reserve finally announced the end of rate hikes. It’s a day real estate investors have been eagerly awaiting. With lower mortgage rates on the horizon in 2024, buyers could gain more control of the housing market, and the seller standoff may finally break. What does this mean for the economy, and are we finally out of recession territory? On this BiggerNews episode, we’re breaking it all down!
Joining David and Rob are James Dainard and Kathy Fettke from the “On the Market” podcast. Today, all four housing market experts bring a breaking headline to dive into. From the Fed’s proposed plan for 2024 mortgage rates to the new jobs report that shows optimistic signs for the economy, there is a LOT happening before the new year rolls around. But that’s not all we’ll touch on.
A new bill targeting corporate landlords has been proposed, limiting the amount of hold hedge funds have on the housing market. But could this bill target ALL real estate investors, not just the Wall Street buyers? Finally, how the baby boomers bought the housing market and how their remarkable wealth has allowed them to make all-cash home purchases while the other generations sit on the sidelines.
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Articles from Today’s Show:
Fed Rate Cuts: https://www.businessinsider.com/federal-reserve-interest-rate-cut-outlook-economy-inflation-bond-yields-2023-12
Jobs Report: https://www.nytimes.com/live/2023/12/08/business/jobs-report-november-economy
Wall Street Landlord Bill: https://www.nytimes.com/2023/12/06/realestate/wall-street-housing-market.html
Baby Boomers: https://www.businessinsider.com/real-estate-market-sales-interest-rates-mortgages-baby-boomers-2023-11?utm_source=ground.news&utm_medium=referral
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Connect with James
BiggerPockets: https://www.biggerpockets.com/users/jdainflips?utm_source=youtube&utm_medium=description&utm_campaign=none
Instagram: @jdainflips or https://www.instagram.com/jdainflips/
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Connect with Kathy:
BiggerPockets: https://www.biggerpockets.com/users/kfettke?utm_source=youtube&utm_medium=description&utm_campaign=none
Instagram: @kathyfettke or https://www.instagram.com/kathyfettke/
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David: https://www.biggerpockets.com/users/davidgreene24?utm_source=youtube&utm_medium=description&utm_campaign=none
Rob: https://www.biggerpockets.com/users/robuilt?utm_source=youtube&utm_medium=description&utm_campaign=none
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Connect with Rob (Robuilt):
Instagram: https://www.instagram.com/robuilt/
TikTok: https://www.tiktok.com/@robuilto
X/Twitter: https://www.twitter.com/robuiltchannel
YouTube: https://www.youtube.com/c/Robuilt
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@biggerpockets or https://www.instagram.com/biggerpockets/
Show notes at: https://link.chtbl.com/BPRE
0:00 Intro
0:58 Fed Announces Rate Cuts
7:09 Strong Job Growth Won’t Stop
12:23 New Bill Targets Corporate Landlords
20:52 Baby Boomers Buy Up Housing
