On The Market

The national debt just hit a dangerous new milestone, surpassing GDP—and the last time this happened, we just ended a world war. You already know the U.S. is heavily in debt—most Americans do—but nobody is asking the right question: at what point does this spiral out of control and force something in the economy to break?  Today, Dave is unpacking the next steps and the scenarios that could unfold...

U.S. home prices have officially turned negative. For many months, sellers have resisted adjusting to current market conditions—until now. This could bring short-term pain for flippers and sellers, but overall, it’s a step in the right direction for a housing market that desperately needs prices to soften before it can become unstuck.   We’re back with more headlines from last week, including new...

We’ve got new data on the Spring housing market, and it’s…well, complicated.   The monthly data shows more of the same: a sluggish housing market with negative home price growth.   But zoom in, and the weekly data tells a different story. Pending sales and mortgage applications are ticking higher, and we’ve just crossed into what could be the strongest buyer’s market we’ve seen in years, with sell...

Buyers are waiting out the market, mortgage rates are rising again, and the economy seems as unstable as ever. So why are house flippers feeling bullish about investing in 2026? A new report has surfaced showing an overwhelmingly optimistic view of flipping houses, with active flippers registering stronger bullish signals than in previous months.  The question is: what are house flippers seeing in...

Something is brewing at the Federal Reserve, and it’s starting to get ugly.   For many months, President Trump has been pressuring the Fed to lower the federal funds rate and has since named a new Fed chair nominee to take the reins after Jerome Powell's term ends. But what seemed like a straightforward transition has quickly evolved into a nasty political showdown—a “standoff” between the Departm...

For years, we’ve been promised that a “tsunami” of homes would hit the market as Baby Boomers age, move into senior housing, and pass away. We’ve been waiting…and waiting, but we’re still millions of housing units short. Yet, even without a “silver tsunami,” another trend could push us toward a housing supply glut in the future—new builds. Builder sentiment has dropped to a seven-month low. Homes...

This could have profound effects on the housing market, and if you work or invest in real estate, you need to know what's coming next. Energy shocks, high inflation, new job numbers, the worst consumer sentiment in 70 years…it’s all hitting us in a single week, and the housing market is already reacting. After months of affordability gains, mortgage rates jumped back to 6.4% in response to the oil...

Could today’s weak housing markets become tomorrow’s winners? One particular real estate demand “cycle” says that it’s more than possible. Everyone has written off real estate markets where inventory has risen, prices have dropped (substantially), and migration has slowed. But what happens when the pendulum swings in the other direction, and these dead markets return to life? ResiClub’s Lance Lamb...

Property taxes: banned.  There are now more than a dozen states across the country seeking to limit, reduce, or outright eliminate property taxes—and the support behind the efforts is growing. As property taxes explode across the U.S., homeowners are facing an average 30% increase, curbing affordability efforts. As a result, Florida, North Dakota, Indiana, Texas, and other states are considering b...

The housing market is locked up once again before the most important time of the year—the spring homebuying season. With interest rates flying back up to the mid-6% range and inflation anxiety rearing back, Americans are once again stuck. And it’s not just first-time homebuyers; accidental landlords are hitting a new high as homes get even harder to sell. So, is the spring homebuying season… cance...

Inflation is rising again, and everywhere on social media, we’re hearing people say, “Buy real estate!” Property is supposed to be the ultimate inflation hedge. The problem? Real estate may not save you from the inflation heading our way. In fact, home prices could get worse if things continue this way. But how? For decades, we’ve been told that real estate is the ultimate inflation hedge. It’s tr...

This could be the best real estate “buy” of 2026. While mortgage rates are climbing back up and everyone is waiting out the housing market—again—one man is going all in: James Dainard. If you’ve listened to On the Market for a while, you know James is never not buying—but what he’s buying changes by the week, or even by the day. Last year, James got burned (a bit) on house flipping and new develop...

A $3 trillion market is beginning to crack. JPMorgan CEO Jamie Dimon has sounded off, saying there are “cockroaches” in the system. Investors are pulling billions of dollars out of the market, and real estate could be affected in a massive way. This is the private credit crisis explained.  When big investors go to buy or build, they don’t always take money from a bank; instead, they get loans from...

Investors are pulling billions of dollars (yes, billions) out of real estate investments at a record pace as “bank run” style withdrawals return. Blackstone has already seen record withdrawal requests of over $3 billion. Could this be the first domino to fall that could set off a private credit crisis, pulling multifamily prices down even more?  We’re back with this week’s biggest headlines—from m...

A “structural shift” is happening in the housing market—one that will permanently change how home prices appreciate. We could be experiencing the last era of steady, rising home prices as we enter into a new reality—a reality without Baby Boomers owning real estate. For years, a “silver tsunami” has been predicted to “crash” the housing market. With Baby Boomers downsizing, aging in place, and pas...

A housing price correction “worse than 2008”? That’s the headline of Melody Wright’s widely-cited Newsweek interview, but today, she’s giving her full, honest take on what she really meant. Melody got into the mortgage industry in 2006, riding the subprime wave up until it popped two years later. The lender she worked for went bankrupt in 2012, as Melody witnessed the fallout firsthand. From there...

The next recession is already here. You may not see it, but you definitely feel it. Companies are quietly letting go of dozens or hundreds of workers at a time, interviews are getting harder to land, and those around you who made the most money are suddenly just trying to get by. This is the “white collar recession”—and a new report could prove that it’s about to get much more severe. And what hap...

Could the war in Iran reverse all the interest rate relief we’ve received throughout the past year? With oil shooting up in price, unintended consequences could trickle down to your mortgage rate—and Americans are already feeling the shock. The housing market is re-freezing as buyers (and sellers!) stay on the sidelines as the world feels more and more unstable. What does this mean for your mortga...

The housing market is split. Some real estate markets are seeing low inventory, rising prices, and fierce buyer competition. Others are seeing steep price cuts, desperate sellers, underwater owners, and delinquency rates creeping up.  So, which housing markets are the riskiest in the country? Which market has the highest chance of seeing home price growth while the rest of America struggles for ai...

Remember all those homes that were “delisted” in the fall and winter? The homes that sellers took off the market when they couldn’t get the price they wanted? Well, now, the frozen housing market is thawing, and 75,000 “relistings” could boomerang back into the market. With a new wave of inventory, would this be the catalyst for home prices to drop even more? Compass’s Mike Simonsen, friend of the...

There’s a ticking time bomb for the U.S. housing market that nobody is talking about. It’s the biggest existential threat to home prices and housing demand, and it (arguably) can’t be stopped. The question is, how long do we have until it happens? Today, we’re talking about population: what happens when the U.S. population begins to decline, and the need for housing falls year after year? Deaths a...

Many of President Trump’s tariffs have been canceled—and the housing market could stand to benefit. Could this be yet another sign that inflation is slowing and that mortgage rates can continue to fall?  This is big news for the housing market, but it’s not even the biggest news of this episode. Today, we’re going over everything you may have missed. From the Supreme Court striking down tariffs in...

Big economic news dropped last week: labor data, inflation rates, and huge jobs revisions. All of these are already impacting the housing market, but could new numbers cause an even greater shift that could affect your mortgage rate, your rents, and your next deal? Rental property owners, agents, sellers, and buyers: this news affects what you’re doing right now. New labor data beat the odds, with...

Rental property financing is becoming much easier. For years, seven and eight-percent rates made it brutal to make deals work. But now, things are changing—for the better. Mortgage rates in the five-percent range? HELOCs with no closing costs? Seller concessions to buy down your interest rate, and a smoother path to affordable properties? It’s all culminating in 2026, and this could be one of the...

This could be the most important shift in the housing market in years. Something truly remarkable just happened that will impact almost every facet of real estate. The “Housing for the 21st Century Act” just passed the House in a landslide vote, with bipartisan support from Democrats and Republicans. But unlike past housing proposals, this one focuses on the thing that could actually fix the housi...