Is The 'Hot Housing Market' Over? | Sept 2021 Predictions

We’ve been living in a crazy housing market for the past year. With 20%+ year over year growth, it may seem like home prices will continue to increase at a high rate forever, but this isn’t exactly the case. Dave Meyer, VP of Data and Analytics at BiggerPockets has brought in the newest statistics to give you a well-rounded forecast of what you can expect in the September housing market and beyond.

As of now, we’re still seeing an insane housing market, but less insane than it was before. Inventory is starting to crawl up, home appreciation has started to slow down, days on market is getting longer, and construction is starting to get back to normal. While this in no way signifies a crash or flipped housing market on the horizon, it does show that we may be going back to a normal (or a more normal) kind of growth.

What do you think will happen in the final four months of 2021? Do you predict something different? Let us know in the comments!

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00:00 What Will Happen in September?
01:27 The (Less) Insane Housing Market
01:47 Another New Home Price Record
02:51 Inventory is Improving
05:08 So...What Happens Now?
08:32 Millennial Housing Demand
09:28 Let's Review

[bldfinancial]

Got lots of value from this video, looking forward to more videos!

[kristincaudle]

Nice try. Wishful thinking never works.

[scottcrenshaw]

Am I mistaken? I thought you said total inventory increased from June to July, from 791k to 623k an increase of 4%. None of these numbers make any sense. This is a decrease from June to July and is substantially greater than 4%. Please clarify.

[mattweger]

If it doesn't crash harder than 2007 I'm adopting some dogs and going to camp on 40 acres of land in Minnesota. 1.6 mill for a quarter acre is ridiculous.

[ClaudiaTK]

Only we can not sell our big condo near the lake? Only because it is main floor? Our neighbor sold an identical one for 575, 000 and we can't sell it for less either? We do enjoy our private entrance while others wait for elevators! Can't understand this "crisis"....I don't see desperate buyers at all.

[williamcalhoun]

Thank you for all of the great info! Where do you find your data? Much love and lots of thanks!

[Vermonstered]

I don't understand why people like this continue to use the year over year metric. It's like they don't realize what happened last year from May through August. During the shutdown no duh sales plummeted from an artificial suppressor. Using year over year metric including those months is basing your understanding off the extreme outlier. It's absurd so much is being derived by this single metric.

[Je.rone_]

anyone reading this, i wish you success, fulfillment, wealth, and a life with no regrets

[AJ-gnqu]

Writing multiple un-contested no competition offers in Seattle, WA. Residential is slowing.

[jakea]

Great video, great data and I agree with your opinion a hundred percent. Very useful info, thanks!!!

[Notdinolove]

I love the view you have given us. I hope it doesn't crash but only time will tell.

[seanmorgan]

The cure for high prices is high prices. New buyers are priced out. When the mortgage moratorium is up we will have a bigger crash than 09. That's just if 10 percent can't refinance. Your blind it you don't see this as a blow off top.

[asolano]

@9:47 well said. Markets don't crash just because valuations are too high.

[financeisflippinfun]

Love the opening song! (Also, as always, love your videos)

[GotEmAll]

Regardless of what circumstances... as long as foreign billionaires can buy and flip American real estate to make a profit on our rapidly shrinking middle class, that's all that really matters. Especially to our glorious, uncorrupted leaders. To hell with working American citizens aMiRiTe??

[tarrafal]

I am waiting for the crash so I can buy more in Massachusetts

[paulbunyan]

At the height of the pandemic, more than 7.2 million homeowners were in the mortgage forbearance program. Now, just 1.7 million borrowers are enrolled in the forbearance program.
~ Fortune Magazine ~ Sun, September 5, 2021, 10:00 AM No Crash

[scottsherin]

These videos are really helpful. I’d suggest putting graphics and animations, would really elevate the production quality of this video and hold people’s attention better. Love it though

[SirJulioG]

Thank you for your time, video, and knowledge. Super dap to who ever picked the outro music @ 10:53, dope. 😎

[buyfixrentrepeat]

I am thinking that the fall ad winter is going to be slower but still decent. Before covid homes in my market sold for 90 days or less I think it will go back to that but I am fine with that. It’s been too hot and hard to buy.