718: BiggerNews: The State of Real Estate in 2023 and 3 Ways to Beat a Bear Market
01:04:33 Share

    <p>Most <strong>2023 housing market predictions</strong> sound like this, “<strong>The sky is falling! </strong>Sell everything! Houses will be worth $1 next year! This is just like 2008!” Look at the track record of those who shill predictions like this. These are the<strong> same forecasters </strong>who <strong>have been predicting a crash </strong>will happen at some point<strong> over the last ten years</strong>. Now, with a whiff of fear in the air, mainstream real estate journalists will do anything they can to convince you we’re having a repeat of 2008. <strong>However, this is far from the truth.</strong></p><p>But how could we forecast the 2023 housing market without data? And where there’s data, there’s <strong>Dave Meyer</strong>, VP of Data and Analytics at BiggerPockets and host of the <a href="https://www.biggerpockets.com/podcasts/on-the-market"><em>On the Market</em></a> podcast. Dave and his team have recently released “<a href="https://get.biggerpockets.com/state-of-rei-2023/"><strong>The 2023 State of Real Estate Investing Report</strong></a>,” which gives <strong>all the housing market data you need </strong>to invest successfully in 2023. In it, Dave shares <strong>how the </strong><a href="https://www.biggerpockets.com/blog/housing-market-predictions-review-2022"><strong>2022 housing market</strong></a><strong> flipped</strong> once the Fed raised rates, how supply and demand have been affected, and <strong>what we can expect for 2023</strong>.</p><p>Dave will also go over the<strong> three investing strategies </strong>he feels are more appropriate<strong> for investing in 2023</strong>, including a<strong> completely passive way to invest</strong>, a cash flow and appreciation combo, and how buyers can <strong>take advantage of this market</strong> to get deals at a steep discount. While we can’t predict the future, we can give you our best insight into what you can do to<strong> build wealth in 2023</strong>. So turn off the mainstream fear forecasting and tune into real news designed to make you richer!</p><p><strong>In This Episode We Cover:</strong></p><p>Why <strong>2023 is not a “normal” housing market </strong>and the details leading up to today’s state</p><p>The <strong>“levers” that affect home prices </strong>and why 2023 is NOT the same as 2008</p><p><strong>Seller’s vs. </strong><a href="https://www.biggerpockets.com/blog/its-hard-to-buy-in-this-buyers-market"><strong>buyer’s markets</strong></a> and where prices are most expected to dip</p><p><strong>Homebuyer demand </strong>and how unaffordability has caused most buyers to sit on their hands</p><p><a href="https://www.biggerpockets.com/blog/mortgage-rate-outlook-2023"><strong>Mortgage rate</strong></a><strong> increases</strong> and how the Fed is using high rates to combat inflation</p><p>The<strong> three strategies that work in today’s housing market </strong>and how to invest while others sit on the sidelines</p><p><strong>2023 housing market predictions</strong> and when we could potentially see home prices bottom</p><p>And <strong>So </strong>Much More!</p><p><strong>Links from the Show</strong></p><p><a href="https://www.biggerpockets.com/agent/match">Find an Investor-Friendly Real Estate Agent</a></p><p><a href="https://www.youtube.com/channel/UCVWDbXqQ8cupuVpotWNt2eg">BiggerPockets Youtube Channel</a></p><p><a href="https://www.biggerpockets.com/forums">BiggerPockets Forums</a></p><p><a href="https://www.biggerpockets.com/membership-types">BiggerPockets Pro Membership</a></p><p><a href="https://store.biggerpockets.com/">BiggerPockets Bookstore</a></p><p><a href="https://www.biggerpockets.com/blog/real-estate-investing-bootcamps">BiggerPockets Bootcamps</a></p><p><a href="https://www.biggerpockets.com/podcast">BiggerPockets Podcast</a></p><p><a href="https://bit.ly/biggerpocketsswag">BiggerPockets Merch</a></p><p><a href="https://www.biggerpockets.com/podcasts?utm_source=youtube&amp;utm_medium=description&amp;utm_campaign=none">Listen to All Your Favorite BiggerPockets Podcasts in One Place</a></p><p><a href="https://www.biggerpockets.com/podcasts?utm_source=youtube&amp;utm_medium=description&amp;utm_campaign=none">Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts</a></p><p><a href="https://www.biggerpockets.com/investment-calculators?utm_source=youtube&amp;utm_medium=description&amp;utm_campaign=none">Get More Deals Done with The BiggerPockets Investing Tools</a></p><p><a href="https://www.biggerpockets.com/forums/521-real-estate-events-meetups?utm_source=youtube&amp;utm_medium=description&amp;utm_campaign=none">Find a BiggerPockets Real Estate Meetup in Your Area</a></p><p><a href="https://www.biggerpockets.com/users/davidgreene24?utm_source=youtube&amp;utm_medium=description&amp;utm_campaign=none">David's BiggerPockets Profile</a></p><p><a href="https://www.instagram.com/davidgreene24/">David's Instagram</a></p><p><a href="https://www.youtube.com/c/DavidGreeneRealEstate">David’s YouTube Channel</a></p><p><strong>Books Mentioned in this Episode</strong></p><p><a href="https://store.biggerpockets.com/products/real-estate-by-the-numbers?utm_source=youtube&amp;utm_medium=description&amp;utm_campaign=none"><em>Real Estate by the Numbers</em></a> by J Scott and Dave Meyer</p><p><a href="https://store.biggerpockets.com/products/real-estate-note-investing?utm_source=owned_media"><em>Real Estate Note Investing</em></a> by Dave Van Horn</p><p><strong>Connect with Dave:</strong></p><p><a href="https://www.biggerpockets.com/users/davem27?utm_source=youtube&amp;utm_medium=description&amp;utm_campaign=none">Dave's BiggerPockets Profil</a>e</p><p><a href="https://www.instagram.com/thedatadeli/">Dave's Instagram</a></p><p><a href="https://www.biggerpockets.com/podcasts/on-the-market?utm_source=owned_media">“On the Market” Podcast</a></p><p><a href="https://www.youtube.com/channel/UCxDXuLvtjJ9Est8PrG3i2VA">“On The Market” YouTube Channel</a></p><p><br></p><p>Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-718</p><p><em>Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our </em><a href="https://www.biggerpockets.com/blog/sponsors"><em>sponsor page</em></a><em>!</em></p>
  <p> </p><p>Learn more about your ad choices. Visit <a href="https://megaphone.fm/adchoices">megaphone.fm/adchoices</a></p>