Home prices are falling fast in some prime real estate markets across the country while others remain stubbornly stuck. What’s the defining factor between a stable housing market and one where sellers are actively cutting prices? Housing inventory! This metric defined the 2020 – 2022 run-up in home prices, but the rubber band of demand is snapping back as buyer power grows, housing inventory rises, and investors get even better buying opportunities.
Remember when people said, “I’ll buy when prices drop”? Well, now might be the time.
ResiClub’s Lance Lambert joins us to provide a holistic view of housing inventory, prices, demand, and emerging opportunities. Lance walks through the most up-to-date data on where housing inventory is rising fast, where prices are quickly declining, and which markets are holding on as sellers remain in control.
We’ll also talk about why homebuilding costs are about to JUMP and the reason Warren Buffett sold his homebuilding stocks shortly after buying them. Will construction slow down, limiting new inventory and leading us back into ultra-low supply? If so, this could push home prices higher, creating a prime opportunity for real estate investors.
Dave:
After years of a very tight housing market, more homes are finally coming up for sale, which means that anyone looking to buy a rental property or a primary home has more options to choose from and may be able to find better prices. We’ll get into all the reasons behind this emerging trend and how you can leverage it to benefit your own portfolio on today’s show. Welcome back to the BiggerPockets podcast. I’m Dave Meyer, head of real estate investing at BiggerPockets. My guest today on the show is Lance Lambert. Lance is co-founder and editor in chief of Resi Club, a really cool media company that tracks the US housing market, and Lance specializes in research and data. So I want to break down a few of the trends he’s seeing in the housing market right now that may…