237: National Rent Control, Falling Mortgage Rates, and Fleeing Homebuyers

A new nationwide rent control proposal could cap rent increases for any landlord with a certain amount of properties. But will it actually pass? How would landlords survive when rents can only marginally increase each year while expenses continue to see double-digit percentage price growth? We’re getting into this story and a few more hard-hitting housing market headlines on today’s episode! First, we’re talking about the new rent cap proposal coming straight from The White House. This could significantly affect anyone who owns a large real estate portfolio or plans to in the future. Is this proposal merely a grab for votes, or could it actually come to fruition? Next, great news for homebuyers, as mortgage rates fall once again, all while completed homes see a sizable boost. Is this a sign that a healthier housing market is to come? Why are international buyers fleeing the US housing market? Could this end up helping first-time homebuyers who have to fight off less competition? Finally, we talk about the twenty hottest housing markets that are seeing a BIG increase in home viewership. If you own a home in one of these markets, it might be time to consider selling. In This Episode We Cover The newest rent cap proposal that could stop landlords from raising rents higher than five percent each year Mortgage rates drop again, but are more rate cuts coming this year? Increased housing inventory and signs of a healthier housing market forming Why international homebuyers have had a significant pullback from the US housing market The hottest markets in America and whether homeowners here should consider selling And So Much More! Links from the Show Join the Future of Real Estate Investing with Fundrise Join BiggerPockets for FREE Find Investor-Friendly Lenders See Henry, James, and Kathy at BPCON2024 in Cancun! Henry's BiggerPockets Profile James' BiggerPockets Profile Kathy's BiggerPockets Profile Biden Proposes Rent Increase Limits, With Penalties for Landlords Who Don’t Listen White House Plan to Limit Rent Increases Nationwide Reignites Debate  Housing Market Gets Back-to-Back Good News  Here's why international buyers are pulling way back from the U.S. housing market  If You Live in One of These 20 Housing Markets, Consider Selling While It’s Still Hot Grab Henry’s Newest Book, “Real Estate Deal Maker” Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-237 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices