Episode #867

You won’t find this ANYWHERE else! We’ve got Redfin AND Zillow on the podcast today to discuss their 2024 housing market predictions. And with so many doomsday headlines talking about housing market crashes, recessions, and the end of affordability, Redfin’s Chen Zhao and Zillow’s Orphe Divounguy have some optimistic and realistic outlooks to share with data to back them up!

We’ll get into home prices, the incoming “affordability correction,” mortgage rate forecasts, and why next year could be significantly better for buyers. But that’s not all. Both Chen and Orphe share their outlook for the 2024 economy, the state of the American consumer, and what could happen as student loans kick back in, credit card delinquencies increase, and cash reserves run dry.

Finally, we’ll end things with Chen and Orphe’s list of real estate markets to watch and the pricey areas that may see a revitalized post-pandemic boom. If you want to know what to expect, where to invest, and if the hot housing market will return in 2024, stick around!

~~~~
Join BiggerPockets for FREE 👇
https://www.biggerpockets.com/signup?utm_source=owned_media
~~~~
Expand Your Investing Knowledge With the BiggerPockets Books:
https://store.biggerpockets.com/?utm_source=owned_media
~~~~
Find an Investor-Friendly Agent in Your Area:
http://biggerpockets.com/agentmatch
~~~~
Find Investor-Friendly Lenders:
http://biggerpockets.com/findlenders
~~~~
Hear Dave on The “On The Market” Podcast Wherever You Listen to Podcasts:
https://link.chtbl.com/OTM
~~~~
Watch Dave on the “On The Market” YouTube Channel:
https://www.youtube.com/channel/UCxDXuLvtjJ9Est8PrG3i2VA
~~~~
Hear Past “On the Market” Episodes with Chen and Orphe:
Chen: https://www.biggerpockets.com/blog/on-the-market-151?utm_source=youtube&utm_medium=description&utm_campaign=none
Orphe (Ep. 1): https://www.biggerpockets.com/blog/on-the-market-150?utm_source=youtube&utm_medium=description&utm_campaign=none
Orphe (Ep. 2): https://www.biggerpockets.com/blog/on-the-market-170?utm_source=youtube&utm_medium=description&utm_campaign=none
~~~~
2024 Housing Market Predictions: Home Prices, Interest Rates, & Opportunities:
https://www.biggerpockets.com/blog/on-the-market-163?utm_source=youtube&utm_medium=description&utm_campaign=none
~~~~
Tune into “Everyday Economics” with Orphe:
https://podcasts.apple.com/in/podcast/everyday-economics/id1630985666
~~~~
Learn More from Chen:
https://www.redfin.com/news/
~~~~
Learn More from Orphe:
LinkedIn: https://www.linkedin.com/in/theecondoc/
Research: https://www.zillow.com/research/
~~~~
Connect with Dave:
BiggerPockets: https://www.biggerpockets.com/users/davem27?utm_source=youtube&utm_medium=description&utm_campaign=none
Instagram: @thedatadeli or https://www.instagram.com/thedatadeli/

Show notes at: https://link.chtbl.com/BPRE


00:00 Intro

01:59 2024 Economic Predictions

06:26 The State of The American Consumer

17:39 2024 Housing Market Predictions

25:24 Improving Affordability?

30:48 2024 Mortgage Rate Predictions

35:51 Home Prices & Markets to Watch

44:06 Learn More From Chen and Orphe!