Has housing market hysteria returned? For a few months, homebuyers took a sigh of relief as competition stayed low, prices began to drop, and the real estate market returned to reality. But it seems like the days of sweet deals and plenty of showings are now behind us as homebuyers are jumping back into the market. So what’s causing this housing market madness to refuel, and are we returning to 2020-2022’s crazy competition?
In this BiggerNews update, David Greene and Dave Meyer discuss some top headlines affecting the housing market in 2023. First, they’ll get into the nitty gritty of new inflation data and why prices are still high even after some good news. Next, they’ll talk about the newest real estate recovery and give their spring 2023 housing market predictions on whether or not home prices could rise and competition could return. Then, a debate over how the US dollar could be replaced as the world’s reserve currency and which countries are out to take its place.
Plus, if you’ve been waiting to get your hands on a new short-term rental property, you could be in luck. Recent data points to a stark shift in vacation home demand as the vacation rental market gets saturated and work from home starts to level off.
If you want up-to-date data on everything happening in the housing market and beyond, tune in and grab Dave’s FREE Q2 real estate report (https://get.biggerpockets.com/q2-2023-market-update/?utm_source=podcast&utm_medium=dedicated_episode&utm_campaign=q2-2023-market-update-meyer-re)!
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Grab The Q2 2023 Housing Market Report:
https://get.biggerpockets.com/q2-2023-market-update/?utm_source=podcast&utm_medium=dedicated_episode&utm_campaign=q2-2023-market-update-meyer-re
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Hear the “On the Market” Episode About De-Dollarization:
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Has the Housing Market Already Bottomed?
The Crash That Didn’t Come: Has the Housing Market Already Bottomed?
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Dave:
https://www.biggerpockets.com/users/davem27?utm_source=youtube&utm_medium=description&utm_campaign=none
David: https://www.biggerpockets.com/users/davidgreene24?utm_source=youtube&utm_medium=description&utm_campaign=none
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Show notes at: https://www.biggerpockets.com/blog/real-estate-760?utm_source=youtube&utm_medium=description&utm_campaign=none
00:00 Intro
02:17 Quick Tip
03:07 Inflation is Slowing…but Growing?
12:53 The Housing Market Recovery Has Arrived
21:22 The Dollar Loses Dominance
27:25 Vacation Home Sales Start to Tank
34:30 Grab the FREE Real Estate Report