Last week, the Federal Reserve) both surprisingly and unsurprisingly raised rates. For weeks leading up to this meeting, investors had a glimmer of hope that the historical rate hikes would end and that we could finally look forward to a time of reasonable mortgage rates) and sustainable home prices.** But, even with high rates, the housing market has taken some surprisingly strong wins. We’ll get into today’s top real estate-related stories **in this episode!
Welcome back to another correspondents show where our “housing market data without the hysteria” expert guests bring in some of the most hard-hitting headlines that could affect real estate investors. Dave starts by professing his deep respect for** Jerome Powell’s decision to hike rates** even higher and goes into why the Fed could be playing “mind games” with the American people. Next, Henry hits on how home price drops just hit a new threshold** not seen in over a decade!**
Back on the residential side, James breaks down the** good news for February home sales**, but soon after, Jamil and Kathy touch on commercial real estate) stats that have banks, lenders, and investors starting to sweat. But, what could be bad news for some is great news for others, and if you’ve been looking to** pick up steals and deals during a time when competition is low**, now may be the PERFECT time to get in the market!
In This Episode We Cover
Interest rates rise again as the Fed plays “mind games” with the American public
Home price updates and why the housing market just crossed into 2012 territory
Housing market)** momentum** and why homebuyers have gotten back into the game
The commercial real estate crash) and why CRAZY deals could be around the corner
Liquidity tightening and why raising capital and** getting mortgages could become a lot harder **
The HUGE opportunity to invest in a certain asset class that could make a big comeback
And So Much More!
Links from the Show
Find an Investor-Friendly Real Estate Agent)
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)
Jamil's BiggerPockets Profile)
Kathy's BiggerPockets Profile)
Stories from Today’s Show: Home Prices Drop) February Home Sales) Commercial Real Estate Prices Slide) Liquidity and Commercial Real Estate)
Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-91
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