Episode 278 – What’s going on in the real estate market in 2023? Should you wait to invest? Learn the real data and suggestions from Coach Carson and Dave Meyer from BiggerPockets.
? COMPANION ARTICLE/SHOW NOTES: https://www.coachcarson.com/realestatemarket2023/
Links:
2023 State of Real Estate Investing Report (BiggerPockets): https://get.biggerpockets.com/state-of-rei-2023/
Instagram: https://www.instagram.com/thedatadeli/
On the Market Podcast: https://www.biggerpockets.com/podcasts/on-the-market
Dave’s Instagram: https://www.instagram.com/thedatadeli/
John Burns demographics book: Big Shifts Ahead:
https://amzn.to/2GWsip7
Chad’s book summary: https://www.coachcarson.com/big-shifts-ahead/
Dave’s top 10 markets for cashflow in 2022: https://www.biggerpockets.com/blog/best-real-estate-markets-for-cash-flow
? TIMESTAMPS:
0:00 – Will it get worse?
1:57 – Behind the scenes
5:55 – Unreal appreciation
11:53 – Supply in the long term
15:54 – Zoning maps
20:36 – Inventory on pricing pressure
26:40 – Demographic shifts
30:00 – Household formation
33:08 – Interest rates & inflation
37:10 – Interest rate jump
41:41 – Analytics opportunities
48:05 – 2023 Local Market
55:39 – Stats that matter in 2023
59:04 – NEW SERIES OUT
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?RENTAL PROPERTY ANALYSIS?️
My online course teaches EXACTLY how I run the numbers and confidently analyze rental properties that produce cash flow and build wealth (and it includes my actual property analysis spreadsheet!): https://www.coachcarson.com/RPA-YT
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national real estate investors association
When is the next real state class?
Thank you coach for this interview! Full of insights
Coach Carson, sorry to be off topic – but how did you get your teeth so white?
Nice videos. I am watching them because I would like to start investing in real estate.
Please send me invite to spring class
" great time to buy " ? yeh maybe somewhere except the greater Clemson / Greenville area.. Hey Coach , send me a PM , I have a property that has good potential on the 'income – growth statement ' and not decided on what to do with it .
when can I sign up for real estate deal school!!?
Any predictions about Texas market, specifically Austin and San Antonio? Besides growing prices and so-so local incomes, we have crazy high property taxes. If you have homestead, then its limited at 10% increase per year, for example, house appraised value can be $450k but owner will pay based on $300k, say, $6000/year. However, for new owner it will be full amount and big sticker shock with immediate increase on 50%. Normally, high property taxes limit prices growing too fast, but right now prices gone up too high in very short period of time. Plus, new construction is picking up without many restrictions. I think, next couple years will be good to buy here
A whole lot of goal post moving and shifty data analysis from Dave to support the narrative that everything will be fine. I don't know why he is blind to the data. Either he is ignorant of it because he is only looking at what he wants to see or ne has to talk his book like a realtor. realtors livelihood is based on people buying so they will rarely ever tell you not to buy a house right now.