869: Why NOW is The Time to Buy a House (BEFORE Rates Go Down) w/Avery Carl and Caeli Ridge

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.

In This Episode We Cover:

“Buying season” and why spring 2024 could bring back the hot housing market 

Most active real estate markets that are seeing inventory fly off the MLS

Why mortgage rates are NOT as important as you think they are

The “great stalemate” and what could cause homeowners to finally list their houses

Whether to buy or wait and the risk of holding out for lower mortgage rates

How to beat other buyers when bidding for investment properties

And So Much More!

Links from the Show

Find an Agent

Find a Lender

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

Expand Your Investing Knowledge With the BiggerPockets Books

Be a Guest on the BiggerPockets Podcast

Ask David Your Question

David's BiggerPockets Profile

David's Instagram

Rob's BiggerPockets Profile

Rob's Instagram

Rob's TikTok

Rob's Twitter

Rob's YouTube

Ask David Your Seeing Greene Question

5 Steps to Get ANY Home Offer Accepted (WITHOUT Being the Highest Bidder)

Why Investors Are Giving Up Their “Golden 4% Interest Rates” w/Caeli Ridge

Federal Housing Finance Agency

Connect with Avery and Caeli:

Avery's BiggerPockets Profile

Avery's Facebook

Avery's Instagram

Avery's LinkedIn

Avery's Website

Caeli's BiggerPockets Profile

Caeli's Instagram

Caeli's LinkedIn

Caeli's Website

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-869

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

Learn more about your ad choices. Visit megaphone.fm/adchoices