Most 2023 housing market predictions sound like this, “The sky is falling! 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 same forecasters who have been predicting a crash will happen at some point over the last ten years. 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. However, this is far from the truth.

But how could we forecast the 2023 housing market without data? And where there’s data, there’s Dave Meyer, VP of Data and Analytics at BiggerPockets and host of the "On the Market" podcast. Dave and his team have recently released “The 2023 State of Real Estate Investing Report,” which gives all the housing market data you need to invest successfully in 2023. In it, Dave shares how the 2022 housing market flipped once the Fed raised rates, how supply and demand have been affected, and what we can expect for 2023.

Dave will also go over the three investing strategies he feels are more appropriate for investing in 2023, including a completely passive way to invest, a cash flow and appreciation combo, and how buyers can take advantage of this market 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 build wealth in 2023. So turn off the mainstream fear forecasting and tune into real news designed to make you richer!

00:00 Intro
02:18 Quick Tip
03:06 Not a Normal Housing Market
05:54 Supply, Demand, and Differences from 2008
14:37 Buyer's vs. Seller's Markets
19:00 Homebuyer Demand
24:27 Mortgage Rates and the Fed
27:35 3 Things That Influence Affordability
29:42 Strategy 1. Private Lending
34:43 Strategy 2. Hybrid City Investing
44:49 Strategy 3. Buying Deep
50:57 2023 Housing Market Predictions
56:48 Grab the Report!

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Books Mentioned in Today’s Show:
Real Estate by the Numbers: https://store.biggerpockets.com/produ...
Real Estate Note Investing: https://store.biggerpockets.com/produ...
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David: https://www.biggerpockets.com/users/d...
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BiggerPockets: @biggerpockets or   / biggerpockets  

Episode 718

Show notes at: https://www.biggerpockets.com/blog/re...

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