Shownotes Transcript
Zero-down mortgages)** are back.** That’s right. You can now** get into a home with (potentially) zero dollars** out-of-pocket. But wait…this is starting to sound a bit like 2008. Remember the fully-funded mortgages that didn’t require income verification? Are we back to the days of NINJA loans as homebuyers struggle with affordability, forcing them to take on zero-down loans? Not quite. We’ll explain why on this headlines show!
This time, we’re talking about the** new zero-down mortgage loan**. But that’s not all. One** crucial housing metric has exploded**, and if you sell, BRRRR), or flip houses, this is one metric you MUST pay attention to. Remember back in 2021 when **lumber prices **were so high that you needed to take out a personal loan to buy a toothpick? The mahogany tables have turned as we bring some good news for new construction) investors and home renovators.
Lastly, we look overseas at the)** international housing markets that are seeing the biggest price drops **and increases. We also share **where we would **invest abroad) and whether or not we think these markets beat the good ol’ USA. Stick around for your latest housing market update on this headlines show!
In This Episode We Cover
New zero-down mortgage loans and whether they’ll lead to risky home purchases
What you must know (and do) if you’re going to buy a home with low money down
The one home price)** metric you should pay attention to **when flipping, rehabbing, or buying new construction
**Good news for new builds **and why lumber has finally returned to pre-pandemic price levels
The international housing markets seeing the biggest price drops, and whether we’d buy there or not
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)
Dave's BiggerPockets Profile )
Henry's BiggerPockets Profile)
Kathy's BiggerPockets Profile)
See Dave at BPCON2024 in Cancun!)
No Money Down Loans: How Do They REALLY Work?)
Zero-down mortgages are making a comeback)
A key home price metric has skyrocketed since 2019)
Federal Reserve rate stagnation impacts wood products markets)
3 International Locations Where Housing Prices Are Plummeting Post-Pandemic)
Jump to topic:
(00:00) Intro
(01:22) 0% Down Mortgages Return
(14:13) Crucial Housing Metric JUMPS
(20:41) Lumber Prices Stabilize
(26:51) International Home Prices Drop
Check out more resources from this show on BiggerPockets.com) and https://www.biggerpockets.com/blog/on-the-market-225)
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