The housing market is finally giving buyers a break. Home prices aren’t crashing, but many of them are dropping, or stagnating, as homes sit on the market and seller confidence drops, buyer control rises, and economic sentiment remains low. Americans aren’t feeling good about the economy, but this makes buying a home even better: lower mortgage rates, the ability to get seller concessions, and longer negotiation times put buyers in the driver’s seat. So, how should you take advantage?
Dave brought the entire expert investing panel from the On the Market podcast to the show to share what they’re buying, what they’re selling, and how they’re investing during this new buyer’s market.
Not every market in the US is experiencing a buyer’s market, but if you’re in one of the many major metros that is, we’re sharing how to take advantage of it. Fear means opportunity, and the opportunity is here. If you’re buying rentals, how does this affect your cash flow? If you’re flipping homes, when should you start dropping prices before your listing gets too stale? These investors are buying, selling, and managing rentals in THIS market and giving tips on the best moves to make.
Dave:
Is it finally a buyer’s market for houses after years of few listings, frequent bidding wars and skyrocketing prices, are we starting to see the tide turn? And if we are, what does that mean for investors who have maybe been waiting for market conditions to shift before making their next investment? Today, we’re going to break it all day. Hey everyone, I’m Dave Meyer, head of real Estate Investing here at BiggerPockets. I’ve been investing in real estate for a long time, more than 15 years, so I have definitely seen my share of markets cycles, both buyer’s markets and seller’s markets. And there is no question that we’ve been in mostly a seller’s market across most of the country for a while now. But I think that is starting to change. And today I want to talk…