Home Prices Weakening FAST as Inventory Catapults Back in These Markets | Bigger Pockets Video
Episode #308
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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.
0:00 Intro
1:27 Hottest and Coldest Markets
8:00 Should We Be Worried?
11:00 Where Prices Are Dropping
14:54 What to Look For In YOUR Market
17:39 Homebuilding Costs To JUMP
21:48 Developer Profits Shrink
24:11 Older Renters, Better for Investors
