On The Market

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 mortgage rate? Some people say this could cause a housing crash; others argue the opposite. What’s really going to happen next?

We’re back with a new headline episode, going through the top stories affecting the housing market. First, we’re talking about the Iran war and its effects on mortgage rates and the housing market. Then, the states leading the 'two-speed housing market': some are seeing significant price gains, while much of America's home prices are declining.

Do you use an AI calling agent in your real estate business? You need to hear this first. A new lawsuit shows you could land in hot water unless you follow the rules. 

In This Episode We Cover

Back to rising mortgage rates? Side effects of the Iran war on the U.S. housing market

The hottest markets still seeing 4%+ price growth even in 2026

AI agents lead to lawsuit: What you should not do if you’re using AI callers for real estate

Why so many Americans are moving from the coast inland to these cities

Is the housing market freezing again? Why buyers and sellers are backing off

And So Much More!

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Top 10 Markets Where Prices Will Rise and Fall in 2026

Headlines from Today’s Show:

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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 air?

We’re doing a nationwide deep dive today, looking at the metrics that matter most—home price appreciation, affordability, delinquency rates and owner distress, and underwater mortgage share. Each of these data points will allow you to predict which markets will grow, slow, and struggle over the next year.

Plus, Dave is sharing what each region of the country should be paying attention to as an investor, the riskiest markets of 2026, and the number one comeback city no one is expecting.

In This Episode We Cover

The riskiest housing markets in the U.S. that could see continued price declines

Cities seeing a return to “affordability” as buyers get a big break

Delinquency rates rising? Areas with these mortgage types see more owners fail to make payments

The “comeback” cities that have the greatest home price growth potential 

Why “underwater mortgages” aren’t as scary as you think they are (but investors should still be careful)

And So Much More!

Links from the Show

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On The Market 369 - Zillow Forecast: Best and Worst Housing Markets of 2026

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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 show and all-time inventory expert, is back to give a quite contrarian take on the relisting inventory about to hit the real estate market. With the spring homebuying season about to peak in just a couple of months, former sellers now get a new chance to put their properties up again, in hopes that lower mortgage rates entice buyers.

The crash predictors say that this new glut of inventory could cause prices to drop as the buyer’s market becomes even more one-sided. But Mike has a key piece of data that changes the story entirely, one that could be good for the future housing market and actually give transactions a modest boost.

Mike says a “new era” of real estate is upon us—and it could last a while.

In This Episode We Cover

The “relisting” wave of inventory that could hit the housing market this spring

Why home prices may not drop even with more properties on the market

A “new era” of real estate that makes it even better to buy a home

Why housing inventory is falling in states with the biggest home price corrections 

No forced selling? The reality that kills the housing crash narrative 

And So Much More!

Links from the Show

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On The Market 378 - The “Delisting” Wave Putting Years of Housing Market Gains at Risk

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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 are already set to outpace births by 2031, meaning we’re just five short years away from this risky scenario becoming reality. What happens to home prices? Will millions of homes sit empty? Which markets will see their values fall the fastest? Is real estate still safe to invest in?

Dave’s giving a masterclass on the population crisis, and how the housing market will be affected. From birth rates to immigration, baby boomers passing away (and passing down their houses), and cities that will face the biggest demographic headwinds, this is what every investor needs to know before 2031. 

In This Episode We Cover

What happens to the housing market once the population begins to decline?

Will our housing shortage flip to a supply glut as demand is forced to fall?

The one thing propping up our population and how it’s starting to falter

Short, medium, and long-term housing forecasts as population decline increases

Lessons from Japan, Germany, and Italy: Where do home prices fall the fastest once populations decline?

Markets that will be the safest when the population finally begins to flip

And So Much More!

Links from the Show

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U.S. Immigration Crisis: What It Really Means for Housing Markets and Investors

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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 a majority vote to a major housing bill moving forward, to cities seeing the most new corporate headquarters (a serious sign of job growth), we’ve been busy taking stock of the stories affecting investors.

We’ll get into how the tariff reversal will affect prices and mortgage rates (this may be great news), the new housing law that could make building, renovating, and financing even easier, Trump’s new “tokenized” real estate investments, and the markets that may see the biggest booms as jobs flood these areas.

In This Episode We Cover

Tariffs canceled: a win for the housing market as inflation risk reduces?

The new housing supply and affordability bill that could pass the Senate soon

The cities that are gaining (and losing) corporate headquarters (some are not so obvious)

Would you invest in Trump’s “tokenized” real estate investment? The “crypto for real estate” push continues

Will tariffs be returned to American citizens who paid them? One Supreme Court justice gives his honest take

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

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Join us at the BiggerPockets Conference October 2-4 in Orlando. Buy tickets

Sign Up for the On the Market Newsletter

Find Investor-Friendly Lenders

On the Market 399 - Buying (and Building) Houses Could Get a LOT Easier

WSJ: Supreme Court Strikes Down Trump’s Global Tariffs

NAR: Bipartisan Housing Bill Passes House of Representatives

BI: A crypto firm with ties to Trump will 'tokenize' some of the president's real estate empire

Visual Capitalist: The U.S. Cities Gaining and Losing Corporate HQs

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