About this episode
Real estate markets are local, not national. When someone says, “ the housing market is about to drop ,” you have to ask, “which housing market?” Every city has different migration patterns, housing market activity, building codes, and inventory. One market in the Midwest could see price jumps while somewhere on the coast sees declines. So, which markets are getting hit hardest in the latest round of price cuts and which are still on their way up? You’ll need to know the different housing market metrics before making a prediction. But you don’t have to look into the data by yourself. You have Dave Meyer by your side! Dave has been looking at a few key markets to uncover which are seeing home price drops and which are seeing appreciation. Traditionally “strong” cities are getting hit the hardest as interest rates rise and inventory comes on the market. Some cities look like they’ll see double-digit price cuts over the next two years, while others that have already seen record price growth will continue to outshine their more well-known coastal counterparts. As an investor, this is the exact type of data you need to know when making housing market decisions . The right market could lead you to financial freedom , while the wrong one could burn your hard-earned capital! In This Episode We Cover The five most important housing market metrics to predict future price trends Why coastal cities are getting hit hard by recent home prices declines Which factors are causing increased prices and which are forcing down declines Looking at long-term and short-term growth rates to forecast prices Why some markets are starting to return to “pre-pandemic” housing market conditions The ongoing affordability crisis and why many homebuyers can’t afford homes in popular markets And So Much More! Links from the Show BiggerPockets Forums BiggerPockets Agent 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 Find an Investor Friendly Agent in Your Area Dave’s BiggerPockets Profile Dave’s Instagram Dave’s Housing Market Data Black Knight Moody’s Analytics Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-27 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page ! Learn more about your ad choices. Visit megaphone.fm/adchoices