Foreclosures, Layoffs, and The Buyer’s Market Returns in 2024

Foreclosures, layoffs, and the buyer’s housing market returns. Those probably weren’t the 2024 predictions you were expecting to hear, but that’s because our wild card investor, Tarl Yarber, is back to share his real estate market forecast as someone flipping, investing, and buying in TODAY’s market. And even though Tarl’s predictions may seem extreme, he knows what he’s doing. After flipping hundreds of houses and building a sizable real estate portfolio, Tarl has been through over a decade of good markets, bad markets, and everything in between.

For a quick recap, Tarl will walk through the effects of the Global Financial Crisis, the infamous 2008 housing market crash, and the aftermath of massive price drops. And while it doesn’t look like 2024 will bring about another economic depression, there are still some surprising similarities to watch out for. High mortgage rates, buyer control, and increased foreclosures are just a few.

But that’s not all. Tarl will give his mortgage rate prediction and rental demand forecast, plus explain why white-collar jobs could face a MASSIVE drop off as blue-collar work and blue-collar markets explode. And if you want to know his most CRUCIAL advice, you’ll need to watch to the end.

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2024 Housing Market Predictions: Home Prices, Interest Rates, & Opportunities:
https://www.biggerpockets.com/blog/on-the-market-163?utm_source=youtube&utm_medium=description&utm_campaign=none
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The Next “Wave” of Foreclosures and Markets With the Deepest Discounts:
https://www.biggerpockets.com/blog/on-the-market-118?utm_source=youtube&utm_medium=description&utm_campaign=none
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A “New Era” of Unemployment is Coming:
https://www.biggerpockets.com/blog/on-the-market-88?utm_source=youtube&utm_medium=description&utm_campaign=none
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Connect with Tarl on BiggerPockets:
https://www.biggerpockets.com/users/tarl?utm_source=youtube&utm_medium=description&utm_campaign=none
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Follow Tarl on Instagram:
@tarlyarber or https://www.instagram.com/tarlyarber/

00:00 Tarl's Housing Market Forecast

01:17 2009: High Rates, Short Sales, Foreclosures

04:32 2023: High Rates, But NO Inventory

05:35 2024 Housing Market Predictions

05:51 Short Supply and Stable Rates

06:56 Rent Demand Will Soar

08:20 Buyers Take Control

09:25 Home Prices and Insurance Will Jump

10:18 Foreclosures and Layoffs Increase

11:10 HOLD Onto Your Properties!


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