BiggerPockets Real Estate Podcast - Were We Wrong About the Housing Market?

Episode #1,062 Check Out "On the Market": https://www.biggerpockets.com/podcasts/on-the-market?utm_source=youtube&utm_medium=description&utm_campaign=none Episode Show Notes: https://www.biggerpockets.com/podcasts/real-estate?utm_source=youtube&utm_medium=description&utm_campaign=none Join BiggerPockets for FREE 👇 https://www.biggerpockets.com/signup?utm_source=owned_media Grab James’ New Book “The House Flipping Framework”: https://store.biggerpockets.com/products/the-house-flipping-framework?utm_source=youtube&utm_medium=mention Find Investor-Friendly Lenders: http://biggerpockets.com/findlenders 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 Connect with Dave and Our Panel of Expert Guests: Dave Meyer: https://www.biggerpockets.com/users/davem27?utm_source=youtube&utm_medium=description&utm_campaign=none Henry Washington: https://www.biggerpockets.com/users/henryw22?utm_source=youtube&utm_medium=description&utm_campaign=none James Dainard: https://www.biggerpockets.com/users/jdainflips?utm_source=youtube&utm_medium=description&utm_campaign=none Kathy Fettke: https://www.biggerpockets.com/users/kfettke?utm_source=youtube&utm_medium=description&utm_campaign=none It’s what you’ve all been waiting for—our 2025 housing market predictions! We’re sharing where we think home prices, interest rates, and real estate will be over the next year. But we’re not just talking about 2025. We’re also going BACK and reviewing our 2024 housing market forecast, painfully detailing each part we got wrong and congratulating whoever got their predictions right. But how did top real estate companies like Zillow perform on their forecasts? Don’t worry; we’re rating their predictions as well! Last year, some of us thought home prices would decline year-over-year, while others were confident we’d still see rising prices. We also had surprisingly accurate mortgage rate predictions, so does that mean we could be right for 2025, too? Stick around to find out! Plus, we’re sharing where we think will become the country's best real estate investing markets and naming the cities we believe have the best potential for building wealth! 00:00 Intro 04:10 Zillow's 2024 Predictions 13:05 Home Prices 16:06 Recession Risk 17:56 Mortgage Rates 18:56 Best Markets to Invest 21:36 2025 Home Price Predictions 25:19 2025 Mortgage Rate Predictions