Why You’ll (Probably) Regret Not Buying a House in 2024

Episode #869

If you’ve been thinking about buying a house in 2024, you already may be too late. With mortgage rates dropping, listings increasing, and spring buying season only a short couple of months away, NOW is the time to act before bidding wars start up again. With so much pent-up buyer demand, agents and lenders are already seeing a spike in activity, and we haven’t even gotten to spring. So, if you want to know how to buy a house in 2024, even with fierce competition, we’re here to help.

Avery Carl, short-term rental expert and agent, and Caeli Ridge, President at Ridge Lending Group, join us to talk about what they’re seeing in the market NOW, what their housing market predictions are as buying season heats back up, and whether or not now is even the time to buy. Both Avery and Caeli work heavily with investors, so they know what does and doesn’t work when buying a rental property, NOT just a primary residence.

We’ll touch on the hottest markets that could see the most competition, why rookie investors need to snap out of analysis paralysis to win in 2024, and why this buying season could become red-hot in just a few months. Plus, David and Rob will answer a listener’s question about how to win in a competitive market without having the highest bid.

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5 Steps to Get ANY Home Offer Accepted (WITHOUT Being the Highest Bidder):
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Why Investors Are Giving Up Their “Golden 4% Interest Rates” w/Caeli Ridge:
https://www.biggerpockets.com/blog/on...
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Federal Housing Finance Agency:
https://www.fhfa.gov/
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Connect with Avery:
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Facebook:   / theshorttermshop  
Instagram: @theshorttermshop or   / theshorttermshop  
LinkedIn:   / averycarl  
Website: https://theshorttermshop.com/bp/
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Connect with Caeli:
BiggerPockets: https://www.biggerpockets.com/users/c...
Instagram: @ridgelending or   / ridgelending  
LinkedIn:   / caeliridge  
Website: https://ridgelendinggroup.com/
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Rob: https://www.biggerpockets.com/users/r...
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Connect with Rob (Robuilt):
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X/Twitter:   / robuiltchannel  
YouTube:    / robuilt  
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Show notes at: https://link.chtbl.com/BPRE



00:00 Intro

01:22 Hottest Markets and Who’s Buying

07:47 A VERY Active Buying Season?

10:31 Wait for Rates to Drop?

18:15 Spring Buying Will Be HOT

21:31 Mortgage Rate and Price Predictions

24:07 Should You Buy in 2024?

30:36 HOW to Buy in 2024

34:25 SG: How to Win in a Hot Market