Mid-Year 2024 Housing Market Predictions: Where Will We Be by 2025?
Mid-Year 2024 Housing Market Predictions: Where Will We Be by 2025?
Episode #1002
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Lower inflation numbers just mean that the cost of living just goes up slower. Prices of most items will usually not revert back to previous levels due to an increase in the money supply.
Home prices have not trended down just yet because supply has not risen past pre-pandemic levels.
Once unemployment rises, there will be an increase in foreclosures. This will lead to a decrease in home values, a decrease in home equity, and more selling of existing homes that will increase supply, thus snowballing into a hosuing correction/recession.
No market goes up forever, and a correction is healthy for the market to reset and flush out overleveraged buyers.
Once the correction plays out and the market weeds out the overleveraged burrowers, prices will stabilize, and the cycle begins again.
The housing market operates in years and decades, and with the recent injection of stimulus money within the last few years, it has thrown the cycle off by a couple of years. A downtrend in home values is required and necessary before home trends back up again.
fed rates should have been higher to begin with. they never even got close to actual inflation. Lowering them will just spike inflation again.
"we don't have the catalyst" I guess he's unaware that AI exists.
8hk my cutie jyc
Interesting episode, but just a few days in and your predictions are already wrong lol.
Is it just Me or are there just a Bajillion commercials now on bigger pockets can’t even get through a video without being interrupted 6 to 7 times with different advertisements
Absolutely unhinged takes
strat wightr amerikkkan de'jesus
This restructure is just like the Donut Media and other media companies being bought off by new investors and changing things around to only drive the business downward into the pits. I would have thought the new owner/s would try and use who they have to help them turn things around to what they expected in profits rather than cut David and Rob and who knows who else that operated behind the scenes. I don’t know what’s the difference in the show now with Dave Meyer all I see is the same style of podcast presentation. The only noticeable difference being the host that is hard to listen to. I’d rather listen to the current BP CEO as he has better flow of communication like a salesman/marketer. I like Mr. Meyer, but for his analytical skills providing short data dumps but not for a 30-60 minute conversation.
These people always complement this economic mess. I wonder what it’s going on
Be real please
Groceries are insanely expensive
Everything is expensive
Because it's an election year, my guess is that the Fed will not cut rates this year.
PRICES NEED TO DROP 50% at least so the first time buyers can afford a house.
Don’t care.. unsubscribed. Brandon gone and now David.
Wow without Brandon and David BP will soon lose there following and will eventually just go out of business. This is a problem with big businesses. They seem to want to change something that’s not broken. Fix unbroken things so they can fix what is broken. Just crazy I’m no longer following this and unsubscribe today . Good luck going to big to fail
I really appreciated how you broke down the reasons behind the steady home prices despite rising interest rates. The point about new construction trying to catch up was really interesting—it’s something that doesn’t get talked about enough. I loved how you emphasized the importance of looking at local market trends, not just national data.
You really think inflation is down to 2%? CMON MAN!! Look at your grocery bill…utilities…taxes….INSURANCE!… this video will NOT age well!
You really think inflation is down to 2%? CMON MAN!! Look at your grocery bill…utilities…taxes….INSURANCE!… this video will NOT age well
I'm sorry to hear you have dysfunctional crystal balls Dave, it's probably the micro plastics
What about lower rates will create more inflation. Groceries will be sky. People have max their credit cards just to pay food. Not sure what you guys talking about..
so summary is price will still go up.
A new builder sent me a message for a townhome listed at 315k. He said I can get it for 250k cash though the contract is going to show 315k. But seller is going to “credit” me the delta. Is this legal?
I just want to be able to afford a home…but realistically I don’t see a crash happening, just me being priced out of New Jersey.
Cameras over here bro!
That is one of my favorite type of videos from BP! Keep them coming man!!
Are you all getting feedback that the audience wants you all to do all these predications ? I’m in a bubble Probbaly but from my vantage point people basically want interviews with successful rehabber landlords . I’m not taking different actions depending on rate cuts . It’s the same business either way .
Biggest thing is home prices are STILL rising, even after appreciating almost 3x in such a short period. It really doesn't matter it's slowing down, what's needed is a call back to reality and prices to correct.
Hello