107: The 2023 Market Showdown: Which Area Offers Investors the MOST Opportunity?
On The Market
Shownotes Transcript
The** US real estate market) is a bit complex. In the South, homes are still quickly getting under contract as those from the North and West move to warmer climates. But demand is brewing in states that you probably haven’t even considered. Plus, a comeback no one expected could be on the horizon. In a market like 2023, anything and everything is up for grabs, and we could be back to the wild housing market** we thought was left behind in 2022.
To put each area of America head-to-head, we’ve got** Dave Meyer**, Henry Washington,** James Dainard**, and Kathy Fettke, representing the Northeast, South, West Coast, and Midwest, respectively. Each of these markets has its own set of benefits, ranging from affordability) to strong job growth, optimal climates, and appreciation). So which area could be the best bet for investors in 2023?
We’ll touch on the** latest housing market data** to see where each of these regions stand, where median home prices) are heading, why often overlooked markets are finally getting the attention they deserve, and whether or not the West Coast truly is the best coast. **If you want to invest but don’t know where, stick around! **
In This Episode We Cover
Pitting the Northeast,** South**,** West Coast**, and Midwest markets against each other
The surprising cities that are seeing HUGE competition even during a slow housing market
Tertiary markets outside of big metros that could be** solid investing areas) **
A West Coast comeback and why demand is increasing in traditionally high-priced cities
MASSIVE price jumps throughout the South (and the few cities where prices are falling fast)
Affordable appreciation and why markets with low-priced homes won’t stay that way for long
And So Much More!
Links from the Show
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)
Henry's BiggerPockets Profile)
Kathy's BiggerPockets Profile)
Hear Our Interview with Fortune’s Lance Lambert on the “Polarized” Housing Market)
The Top 10 Housing Markets Forecasted For Strong Demand This Decade)
Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-107
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