A Turning Point for the Housing Market? | Nov. Housing Market Update - BiggerPockets Real Estate Podcast Recap

Podcast: BiggerPockets Real Estate Podcast

Published: 2025-11-14

Duration: 28 min

Summary

The housing market is experiencing a cooling trend, presenting new opportunities for investors. With improving inventory and affordability, understanding the market dynamics is crucial for making informed investment decisions.

What Happened

In this episode, Dave Meyer discusses the ongoing changes in the housing market as we enter November. With the market cooling down alongside the weather, he emphasizes the importance of understanding current trends to avoid potential pitfalls. The episode outlines the improvements in inventory and affordability, highlighting that while prices are still up year over year, the rate of appreciation is slowing down. For instance, Redfin reports a 2% year-over-year price increase, showing that, contrary to some media narratives, the market is not in a free fall.

Meyer notes that inventory has increased for the 24th consecutive month, providing investors with more options. He points out that while nationwide inventory is still below pre-pandemic levels, the growth rate of inventory, particularly in the West and South, suggests a shift towards a healthier market. He also discusses the regional variations in price trends, with the Midwest still seeing slight price increases while the South and West are experiencing declines. This awareness of inventory dynamics is vital for investors looking to capitalize on emerging opportunities in the market.

Key Insights

Key Questions Answered

What are the current trends in the housing market for November?

The housing market is cooling down as we enter November, with Dave Meyer noting that the realities of a housing correction are setting in. He highlights that inventory is improving, which is crucial for investors seeking opportunities. Affordability is also starting to enhance, making more deals viable. The episode emphasizes that understanding these trends is essential to navigate the market effectively.

How has inventory changed in the housing market?

Inventory has been on the rise for the 24th consecutive month, which means there are more homes available for sale. This increase gives investors more options when searching for properties. Meyer notes that while inventory is still below pre-pandemic levels, the growth indicates a shift towards a healthier housing market, especially in the West and South.

What does the current price trend look like in the housing market?

According to Meyer, while home prices are still up year over year, the rate of appreciation is slowing down. He cites Redfin's data indicating a 2% increase in prices, contrasting with the higher appreciation rates seen in previous years. This suggests that while the market isn't crashing, sellers are becoming more realistic about pricing, which may lead to better deals for investors.

What are the regional differences in the housing market right now?

Meyer points out significant regional variations in the housing market. The Midwest is still showing slight price increases, while the South and West are experiencing downward price trends. For example, the South has seen a decline in prices, while the West is down by 2.6%. Understanding these regional dynamics is key for investors looking to tailor their strategies.

Why is understanding the housing market important for investors?

Meyer stresses the importance of market understanding for investors, stating that it can separate those who will succeed from those who won't in the coming years. By grasping the current trends and shifts in the housing market, investors can avoid costly mistakes, like 'catching a falling knife,' and instead find valuable opportunities as the market evolves.