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cover of episode 132: Banks Cut Credit, Is The Housing Market “Recession” Really OVER?

132: Banks Cut Credit, Is The Housing Market “Recession” Really OVER?

2023/8/18
logo of podcast On The Market

On The Market

Shownotes Transcript

The housing market “recession”) is…over? At least, that’s what some economists think. But it doesn’t feel so stable for the rest of us real estate investors. Home prices are still dropping in some markets, teetering on stability in others, and hot as ever in growing areas. With** mortgage rates rising** and the** Fed**)** staying true to its word**, how can we be so sure that home prices won’t begin to fall across the nation?

We’re back with another headline show where Dave Meyer, James Dainard, Jamil Damji, Kathy Fettke, and “the only investor in Arkansas,” Henry Washington, give their take on some of the hottest housing market stories of late. We talk about the NAR (National Association of REALTORS) declaring the “housing recession” to be (potentially) over, why banks are tightening credit and **denying loans **more than ever before (and how to still get funding), why **lowball buyers **are actually in the right, and the cities across the US most poised for growth.

With** offers becoming harder and harder to get accepted**, interest rates rising, lending on lockdown, and sellers still living in 2022, you MUST invest smarter to build wealth in today’s market. Thankfully, all our guests are doing just that and dropping some gems on **beating the regular buyers **by being smarter, faster, and picking up deals for less!

In This Episode We Cover:

**The “housing recession)” **and why some economists think it may be over

Why investor buying activity remains high EVEN with **rising **mortgage rates)

The commercial credit crunch and why banks are refusing to lend on specific assets 

**Five reasons you’re getting **lowball offers) and why buyers NEED to stay reasonable

The** US cities most poised for growth **and Henry’s secret city to invest in (it’s NOT in NW Arkansas!?) 

And So Much More!

Links from the Show

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Henry's BiggerPockets Profile)

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Jamil's BiggerPockets Profile)

Jamil's Instagram)

Kathy's BiggerPockets Profile)

Kathy's Instagram)

James' BiggerPockets Profile)

James' Instagram)

Hear Our Episode with J Scott and Scott Trench)

Housing Recession)

Credit Tightening)

Lowball Offers)

Growing Cities)

Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-132

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