real estate trends

The real estate markets that have the highest populations tend to have the highest housing prices. Think of cities like New York, Los Angeles, San Francisco, and Seattle. Just a few years ago, these bustling metros were packed to the brim with tech workers, all of which contributed to housing shortages and sky-high home prices. Now, with remote work the new norm, these big cities are seeing their populations slowly start to siphon out to more affordable housing markets in America. As an investor, you may ask yourself, “where are the most people (and money) headed?” In this episode, Dave Meyer and David Greene will answer this exact question. But, it isn’t as easy as solely looking at population growth. Dave and David go deep into the data to see where businesses, tech jobs, and high salaries are moving so you can make the best bet for future equity plays. And even though it seems like Miami, Austin, and other booming markets have already priced out most investors, recent price drops could be a short-term loss that leads to your long-term gain. But even if you know where Americans are migrating, you’ll still need to know the “why” so you can find future markets fitting these criteria. Dave and David touch on how work from home changed the housing market, why the pandemic split the nation into affordable and unaffordable housing markets, and how something as simple as a warm day could heavily impact where the best investing opportunity is. So stick around if you’re planning on buying, investing, selling, or moving in 2023! In This Episode We Cover: The ten real estate markets that are seeing massive migration even in 2023  The “great reshuffling” and how a nomadic work culture changed America’s housing landscape Work from home’s effect on migration, high-paying jobs, and home prices  How political stances and low/no income tax enticed many Americans to leave their home states The housing markets seeing the BIGGEST population drops and where not to invest  Where businesses are moving, and the sneaky tax incentives states use to entice corporations  Why short-term price drops DO NOT predict the future of the housing market  And So Much More! Links from the Show Find an Investor-Friendly Real Estate Agent BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram David’s YouTube Channel Work with David Dave's BiggerPockets Profile Dave's Instagram Migration, Inflation, and Why Big Cities Are Losing Their “Desirable” Status Book Mentioned in the Show Long-Distance Real Estate Investing by David Greene Real Estate By the Numbers by Dave Meyer Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-729 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

When Zillow and Opendoor stopped their iBuying programs, home buyers didn’t find any deals. So, where did those homes go? Jamil Damji is the co-founder of KeyGlee, a real estate investment and wholesale company with more than 75 franchises. He’s also the star of “Triple Digit Flip” on A&E. Deidre Woollard caught up with Damji to discuss: - Why housing supply remains low, and its implications for homebuilders - How rents have stayed relatively stable - One player that’s fundamentally changed real estate investing -The changing role of the landlord Companies discussed: ZG, OPEN Host: Deidre Woollard Guest: Jamil Damji Producer: Ricky Mulvey Engineer: Tim Sparks Learn more about your ad choices. Visit megaphone.fm/adchoices

This week we’re taking a look at the real reasons why property prices go up

Many people think property prices rise due to supply and demand. Some think it’s to do with inflation, and some think it’s about location. 

So who’s right? 

Or, could it be a combination of them all? 

In today’s episode Rob & Rob are revealing everything!

Here’s what to expect on this week’s property podcast episode

A few weeks ago, on an episode of Ask Rob & Rob, we had a caller named Jonathan who wanted to know why property prices rise, after reading an article on housing supply. 

And while The Robs answered Jonathan’s question, they’re expanding on it today and are delving right into the detail.

To kick things off, did you know that each property is in two separate markets? 

You may have thought that there was only one market, the property market, but there’s actually two. The services and assets markets. 

So now you might be wondering what the difference is between the two, and how they work differently to increase property prices. 

And that’s exactly what Rob & Rob are digging into today. They’re taking a look into the report that Jonathan referenced and have dissected it so it’s more digestible. 

Make sure you tune into today’s episode for some more valuable knowledge bombs on why property prices increase from Rob & Rob.

 

In the news

This week’s news story is ‘demand for rental accommodation in London collapses’. 

Of course, this headline is somewhat misleading as the article is actually referencing a particular type of rental property, which is shared accommodation. 

In West Central London, demand is down 43% compared to last year and East London down 19%. This doesn’t come as much of a surprise as London is struggling and you’d expect shared accommodation to be the worst hit over the past 12 months. 

Another headline that caught our eye was from Letting Agent Today. ‘Victory for Airbnb in first round of battle for short lets regulation’. 

The Scottish Government had drawn up a licensing scheme that would give local councils the power to issue licences on homes that advertised on Airbnb and similar websites. 

Meaning that possible short-term lets and holiday lets could need planning permission before being allowed to let, along with stricter health and safety measures. 

 

Hub extra

This week’s Hub Extra resource is another book recommendation, but this time from Rob D. 

It’s called ‘Alchemy: The Surprising Power of Ideas That Don’t Make Sense’ by Rory Sutherland. 

He’s the vice chairman of WPP which is a massive advertising agency. The book is about how everyone in business makes their core decisions based on logic, however most people’s buying habits aren’t governed by logic. 

So by approaching things in a logical way you miss great solutions to problems that are often simpler and cheaper than the solution that logic directs you to. 

It’s a fascinating book that combines business, marketing and psychology so if you like any of those topics then we recommend you give this a read.

 

Let’s get social

We’d love to hear what you think of this week’s Property Podcast over on Facebook, Twitter or Instagram. You might even have a topic you’d like us to cover in the future - if so, pop us a message on social and we’ll see what we can do.

Make sure you’ve liked and subscribed to our YouTube channel where we upload new content every week! 

If that wasn’t enough, you can also join our friendly property community on the Property Hub forum.

See omnystudio.com/listener for privacy information.

In the summer of 2014, we started a letting agency called Yellow Lettings. Today, we’re sharing the lessons we’ve learnt from the process so far. In this wide-ranging discussion we talk about what’s happened, what we’ve learnt about property as a result, and the general business lessons that are applicable to property investment too. Discussion […]

The post TPP140: Lessons learnt from running a letting agent appeared first on The Property Hub.

See omnystudio.com/listener for privacy information.