What’s the best housing market for real estate investing? If this were 2022, we’d say cities like Boise, Austin, or Phoenix, but things have changed, and many of last year’s top real estate markets look like this year’s losers. So which cities are the ones worth investing in over the next year? Which will see population, job, and home price growth? And which markets can you expect to sink even lower as interest rates rise and the threat of a recession looms?
We’ve got a few housing market experts around to help you navigate the plethora of property markets in the United States. James Dainard, master house flipper on the west coast, has a surprising prediction on an often underrated east coast city. Jamil Damji, one of the nation’s largest wholesalers, is bearish on what was once a hot market and bullish on a “unicorn” city between two cultural capitals. Kathy Fettke, the Golden State’s home builder and investor, picks a fight with a familiar character and has her eyes set on another sunshine state.
And, of course, we also get Dave Meyer‘s take on where the data says will be the worst and best real estate market to invest in during 2023. So place your bets, get your MLS search ready, and prepare to see which markets will come out on top over the next year. If you’re thinking of buying or selling, these picks may completely change your plans!
Dave:
Hey, everyone. Welcome to On The Market. My name’s Dave Meyer. I’ll be your host today, joined today by Kathy Fettke, James Dainard and Jamil Damji. How are all of you?
Kathy:
We are all sick, woo-hoo. It was a great party.
Dave:
Every single one of us is sick. I think we’re going to have a lot of muting of microphones.
Jamil:
I might have to take responsibility for it.
Dave:
It was Jamil’s fault apparently, but I wasn’t even at the party and I’m sick too, so I don’t know.
Jamil:
Well, that’s because we mailed it to you.
Kathy:
Oh, yeah.
Dave:
Well, thank you. I appreciate that. I really…