183: The "Frozen" Housing Market Reignites in 2024, Blackstone Buys Up BILLIONS
37:20 Share

The “frozen” housing market is about to get blowtorched as competition is set to heat up in 2024. With lower mortgage rates, bigger investor tax benefits, positive economic sentiment, and tight inventory, homebuyers will need to act fast unless they want to make the same mistakes of 2021 and 2022. Are the bidding wars)** and price hikes coming back**? Will we look back at 2023 as an “affordable” time to buy a house?

Welcome to the first On the Market Headlines Rumble Show! We’re putting Dave, Henry, James, and Kathy in a metaphorical cage match as they each bring hard-hitting headlines to knock each other out with bigger and better news. No physical punches will be thrown, but psychological piledrivers will be aplenty in today’s show.

We’ll talk about the** “frozen” housing market reigniting in 2024** due to stiff competition, low inventory, and falling mortgage rates. Next, why **Americans are giving up on **college degrees) and going straight into employment. A **MASSIVE investor tax write-off) could make a comeback as bonus depreciation) goes BACK on the legislative table. Plus, why Blackstone, everyone’s favorite hedge fund, is buying BILLIONS of dollars in housing in the US and Canada. **

In This Episode We Cover:

Housing market competition and what could cause higher prices, bidding wars, and more seller power

A 100% bonus depreciation comeback and whether investors should bet on bigger write-offs

**Sinking college confidence **and the surprising statistics showing Americans’ lost faith in higher education

New housing starts numbers that could signal even MORE competition to come

**Blackstone’s $3.5 BILLION bet **on the American (and Canadian) housing market

Newest consumer sentiment)** survey **results showing a surprising change of tune for Americans

And So Much More!

Links from the Show

Find an Agent)

Find a Lender)

BiggerPockets Forums)

BiggerPockets Agent)

BiggerPockets Bootcamps)

Join BiggerPockets for FREE)

On The Market)

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)

Dave's BiggerPockets Profile)

Dave's Instagram)

James' BiggerPockets Profile)

James' Instagram)

Henry's BiggerPockets Profile)

Henry's Instagram)

Kathy's BiggerPockets Profile)

Kathy's Instagram)

Frozen Housing Market)

Invitation Homes Rent-Gouging)

Mortgage Applications Soar)

College Degrees)

Tax Breaks and Depreciation)

Single-Family Construction Starts)

Blackstone)

Consumer Sentiment)

Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-183

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected]).

Learn more about your ad choices. Visit megaphone.fm/adchoices)