{"id":3794,"date":"2022-09-20T03:29:14","date_gmt":"2022-09-20T03:29:14","guid":{"rendered":"https:\/\/imsfund.com\/?p=3794"},"modified":"2022-09-20T03:29:14","modified_gmt":"2022-09-20T03:29:14","slug":"reviewing-housing-market-predictions-for-2022","status":"publish","type":"post","link":"https:\/\/imsfund.com\/index.php\/2022\/09\/20\/reviewing-housing-market-predictions-for-2022\/","title":{"rendered":"Reviewing Housing Market Predictions for 2022"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div :class=\"{ 'hidden': $store.proContent.showFullPrompt() }\">\n<section class=\"px-4 relative border border-slate-200 mobile-toc lg:hidden\" x-data=\"{open:false}\"><button class=\"flex items-center gap-4 my-2 border-none w-full\"><br \/>\n<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"h-6 w-6\" fill=\"none\" viewbox=\"0 0 24 24\" stroke=\"currentColor\" stroke-width=\"2\"><path stroke-linecap=\"round\" stroke-linejoin=\"round\" d=\"M4 8h16M4 16h16\"\/><\/svg><\/p>\n<h2 class=\"font-semibold text-slate-800 text-base m-0 js-toc-ignore\">In this article<\/h2>\n<p><\/button><\/p>\n<\/section>\n<p><span data-preserver-spaces=\"true\">As I begin gathering my thoughts about what might happen next year, I like to look back at my predictions for the previous year to see how I did. It\u2019s useful to look at what I got right and learn from what I got wrong to become a better investor.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">I\u2019m not a professional forecaster and don\u2019t maintain my own economic models. But as an analyst and an investor, I do study tons of data to form a thesis about what is likely to happen in the coming months and years. The point is not to get it all right\u2014that\u2019s impossible. Data is backward-looking, and we can never say for certain what will come next. The point is to understand the most likely scenarios and to form a thesis about the economy that enables confident decision-making.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">I create a lot of content and update my thesis regularly when new data emerges, so I don\u2019t have one concrete \u201cprediction\u201d from last year, but let\u2019s look at some of the themes that made up my 2022 thesis.<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">A Tale of Two Halves\u00a0<\/span><\/h2>\n<p><a class=\"editor-rtfLink\" href=\"https:\/\/www.biggerpockets.com\/blog\/housing-market-affordability-has-crossed-a-concerning-threshold-in-the-u-s\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">In January 2022, I wrote<\/span><\/a><span data-preserver-spaces=\"true\">,\u00a0<\/span><em><span data-preserver-spaces=\"true\">\u201cI don\u2019t think the dynamics of the housing market will change too much in the coming months. Demand is still strong, supply is still incredibly low, and prices will likely keep going up\u2026Ultimately, what happens in the second half of 2022 is more of a question mark for me. My estimate right now is that cooling will drop year-over-year appreciation to 2% to 7% appreciation rates by year-end.\u201d<\/span><\/em><\/p>\n<p><span data-preserver-spaces=\"true\">A major part of my thesis last year was my strong belief that 2022 would be \u201ca tale of two halves\u201d for the national housing market.<\/span><strong><span data-preserver-spaces=\"true\">\u00a0<\/span><\/strong><span data-preserver-spaces=\"true\">We knew the Fed wasn\u2019t going to start raising rates until March, and I felt that given the seasonality of the housing market, price appreciation would peak in Q2, and then the second half of 2022 would see cooling.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Overall, I think I nailed the timing of the market shift. It looked like home prices in many markets peaked in June (while others are still growing), and are now seeing month-over-month declines (which is different from year-over-year, which is how I made my prediction). The shift happened right at the halfway point!\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.redfin.com\/news\/data-center\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">The most recent weekly data from Redfin\u00a0<\/span><\/a><span data-preserver-spaces=\"true\">shows year-over-year appreciation at around 6%, which is right in range, but we\u2019ll just have to see if I was right about 2-7% by the end.<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">The Fed Playbook<\/span><\/h2>\n<p><a class=\"editor-rtfLink\" href=\"https:\/\/www.biggerpockets.com\/blog\/will-rising-interest-rates-tank-the-housing-market\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">In November of 2021, I wrote,<\/span><\/a><em><span data-preserver-spaces=\"true\">\u00a0\u201cIf rates rise quickly, it could cause a shock to the system, and housing prices could slide backwards. But, the Fed is not likely to do that. They will likely try to raise rates as slowly as possible to allow economic expansion and wage growth to counteract the impacts of rising rates. This is what happened post-Great Recession, which was one of the strongest periods of property price growth in American history\u2014despite rising rates. That said, if inflation stays high for too long, or even starts to accelerate, the Fed could be forced to raise interest rates faster than they want to, which could hurt housing prices.\u201c<\/span><\/em><\/p>\n<p><span data-preserver-spaces=\"true\">I think I got the logic here right, but with a caveat (more about that below). I believe the Fed\u2019s intention around the end of 2021 was to follow their old playbook from post-Great Recession and raise rates slowly. I believed that because they said that\u2019s what they would do!\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">This wasn\u2019t exactly a hot take. But, I did recognize the very real chance the Fed could be wrong about inflation, and they could be forced to break from its post-Great Recession playbook and raise rates rapidly. And as we all now know, that\u2019s exactly what happened.\u00a0<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">Mortgage Rates<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Although I recognized the Fed might be forced to raise rates quickly, I\u2019ll be honest, I did not think interest rates would rise as quickly as they did, as much as they did. I thought supply-side improvements would help moderate inflation sometime in Q1 or Q2 of 2022 (even though increased monetary supply and strong demand would keep inflation relatively high), and then the most likely course for the Fed was to follow their 2009 playbook and raise rates gradually.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">But that\u2019s not what happened. Instead, lockdowns across the globe persisted, and the Russian invasion of Ukraine caused even more supply-side issues. These events, coupled with the increased monetary supply and strong demand, sent the CPI higher than I believed it would go. It remains stubbornly high today, and mortgage rates are hovering around 6.25% as of this writing.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">About those mortgage rates, that\u2019s where things went off the rails for me. On November 21, 2021, I posted this on Instagram (I\u2019m @thedatadeli if you don\u2019t follow me):\u00a0<\/span><\/p>\n<figure class=\"wp-block-image size-full\"><picture class=\"wp-image-144767 sp-no-webp\" title=\"Did I Predict the 2022 Housing Market Correctly? What I Got Right and Wrong 2\"><source srcset=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2022\/09\/igpostdavemeyer.webp 456w,https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2022\/09\/igpostdavemeyer-267x300.webp 267w\" sizes=\"(max-width: 456px) 100vw, 456px\" type=\"image\/webp\"><source srcset=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2022\/09\/igpostdavemeyer.jpeg 456w, https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2022\/09\/igpostdavemeyer-267x300.jpeg 267w\" sizes=\"(max-width: 456px) 100vw, 456px\" type=\"image\/jpeg\"><img decoding=\"async\" src=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2022\/09\/igpostdavemeyer.jpeg\" loading=\"lazy\" class=\"wp-image-144767 sp-no-webp\" title=\"Did I Predict the 2022 Housing Market Correctly? What I Got Right and Wrong 2\" alt=\"instagram post datadeli\" height=\"512\" width=\"456\" srcset=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2022\/09\/igpostdavemeyer.jpeg 456w, https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2022\/09\/igpostdavemeyer-267x300.jpeg 267w\" sizes=\"auto, (max-width: 456px) 100vw, 456px\"\/><\/source><\/source><\/picture><figcaption><em>Average 30-Year Fixed-Rate Mortgage Predictions \u2013 @thedatadeli (Instagram)<\/em><\/figcaption><\/figure>\n<p><span data-preserver-spaces=\"true\">Wow. It burns my eyes just looking at that. When I can\u2019t fall asleep at night, it\u2019s this post that haunts me.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">To be fair to myself, this was posted before the Fed announced three rate hikes in 2022, and we were flying blind, but I figured I\u2019d give you all a good laugh at my expense. And, at least I was very slightly less wrong than Realtor.com, CoreLogic, and Redfin.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">But to be honest, even once the Fed announced three rate hikes in 2022, I still didn\u2019t think we\u2019d have rates as high as we do today. I figured we\u2019d still end 2022 somewhere around 5%. Given that rates are around 6.25% as of this writing, I think it\u2019s safe to say I missed badly on this one. I knew rates were going up to a more \u2018normal\u2019 level, but I just didn\u2019t think the Fed would be as aggressive as they have been. I expected inflation to come down sooner, not because of Fed action, but because the supply chain would open up. That didn\u2019t happen, and the Fed is going full throttle on rate hikes with limited success in containing inflation so far.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Given this, I see more downside risk in the national housing market than I did at the beginning of 2022. The decline in affordability accompanying this rapid rise in rates will weaken demand and put downward pressure on prices. It\u2019s hard to say what will happen from here, but I still believe that a \u201ccrash\u201d (20% decline or more) is not the most likely scenario on a national level, but some markets could see crash-level declines.\u00a0<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">The Inventory X Factor\u00a0<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">When we entered 2022, inventory (the number of homes on the market at any given time) was historically low. When inventory is super low, it signals a seller\u2019s market that is likely to see price appreciation. And sure enough, that\u2019s what we saw in the first half of 2022.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">I knew that as rates rose, affordability and demand would fall, typically sending inventory upward. But inventory is not just about demand. It\u2019s also about how many homes are listed for sale. There\u2019s a lot of seller psychology to account for. Most people don\u2019t want to sell their homes for a loss, so in a correcting market, many sellers opt to wait out the correction.\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.biggerpockets.com\/blog\/lock-in-effect-real-estate-market\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">I wrote about this idea in May if you want to understand more.\u00a0<\/span><\/a><\/p>\n<p><span data-preserver-spaces=\"true\">I honestly wasn\u2019t sure what would happen in the second half of 2022, which is why I considered it the X factor that would ultimately determine if the national housing market remained slightly positive or skewed negative by the end of the year. I landed on the side of \u201cslight modest YoY appreciation\u201d because I was skeptical we would see inventory hit pre-pandemic levels, which turns out to be correct. Whether my price prediction is correct remains to be seen.\u00a0<\/span><\/p>\n<figure class=\"wp-block-image size-full\"><picture class=\"wp-image-144766 sp-no-webp\" title=\"Did I Predict the 2022 Housing Market Correctly? What I Got Right and Wrong 3\"><source srcset=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2022\/09\/allhomesforsale-redfin-2022.webp 512w,https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2022\/09\/allhomesforsale-redfin-2022-300x176.webp 300w\" sizes=\"(max-width: 512px) 100vw, 512px\" type=\"image\/webp\"><source srcset=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2022\/09\/allhomesforsale-redfin-2022.png 512w, https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2022\/09\/allhomesforsale-redfin-2022-300x176.png 300w\" sizes=\"(max-width: 512px) 100vw, 512px\" type=\"image\/png\"><img decoding=\"async\" src=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2022\/09\/allhomesforsale-redfin-2022.png\" loading=\"lazy\" class=\"wp-image-144766 sp-no-webp\" title=\"Did I Predict the 2022 Housing Market Correctly? What I Got Right and Wrong 3\" alt=\"all homes for sale nationally redfin\" height=\"301\" width=\"512\" srcset=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2022\/09\/allhomesforsale-redfin-2022.png 512w, https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2022\/09\/allhomesforsale-redfin-2022-300x176.png 300w\" sizes=\"auto, (max-width: 512px) 100vw, 512px\"\/><\/source><\/source><\/picture><figcaption><em>All Homes for Sale (2012-2022) \u2013 <a href=\"https:\/\/www.redfin.com\/us-housing-market\" target=\"_blank\" rel=\"noreferrer noopener\">Redfin<\/a><\/em><\/figcaption><\/figure>\n<p><span data-preserver-spaces=\"true\">But the simplicity of this national-level chart betrays what\u2019s really going on in the market\u2014the housing market is splitting. Different metros are seeing very different inventory dynamics.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Just look at the difference in Active Listings between Austin and Boston.\u00a0<\/span><\/p>\n<figure class=\"wp-block-image size-full\"><picture class=\"wp-image-144765 sp-no-webp\" title=\"Did I Predict the 2022 Housing Market Correctly? What I Got Right and Wrong 4\"><source srcset=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2022\/09\/austin-home-stats.webp 512w,https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2022\/09\/austin-home-stats-300x212.webp 300w\" sizes=\"(max-width: 512px) 100vw, 512px\" type=\"image\/webp\"><source srcset=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2022\/09\/austin-home-stats.png 512w, https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2022\/09\/austin-home-stats-300x212.png 300w\" sizes=\"(max-width: 512px) 100vw, 512px\" type=\"image\/png\"><img decoding=\"async\" src=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2022\/09\/austin-home-stats.png\" loading=\"lazy\" class=\"wp-image-144765 sp-no-webp\" title=\"Did I Predict the 2022 Housing Market Correctly? What I Got Right and Wrong 4\" alt=\"austin housing market stats\" height=\"361\" width=\"512\" srcset=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2022\/09\/austin-home-stats.png 512w, https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2022\/09\/austin-home-stats-300x212.png 300w\" sizes=\"auto, (max-width: 512px) 100vw, 512px\"\/><\/source><\/source><\/picture><figcaption><em>Active Listings in Austin, Texas \u2013 Redfin<\/em><\/figcaption><\/figure>\n<p><span data-preserver-spaces=\"true\">In Austin, Active Listings are up 60% YoY, which indicates a rapid shift from a seller\u2019s market to a buyer\u2019s market. Pretty easy to see prices coming down in Austin.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">On the other hand, we have Boston, where active listings have been declining! Still a seller\u2019s market here. Prices could still moderate, but on a much smaller scale than in Austin.\u00a0<\/span><\/p>\n<figure class=\"wp-block-image size-full\"><picture class=\"wp-image-144764 sp-no-webp\" title=\"Did I Predict the 2022 Housing Market Correctly? What I Got Right and Wrong 5\"><source srcset=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2022\/09\/boston-housing-stats.webp 512w,https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2022\/09\/boston-housing-stats-300x212.webp 300w\" sizes=\"(max-width: 512px) 100vw, 512px\" type=\"image\/webp\"><source srcset=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2022\/09\/boston-housing-stats.png 512w, https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2022\/09\/boston-housing-stats-300x212.png 300w\" sizes=\"(max-width: 512px) 100vw, 512px\" type=\"image\/png\"><img decoding=\"async\" src=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2022\/09\/boston-housing-stats.png\" loading=\"lazy\" class=\"wp-image-144764 sp-no-webp\" title=\"Did I Predict the 2022 Housing Market Correctly? What I Got Right and Wrong 5\" alt=\"boston housing market stats\" height=\"361\" width=\"512\" srcset=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2022\/09\/boston-housing-stats.png 512w, https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2022\/09\/boston-housing-stats-300x212.png 300w\" sizes=\"auto, (max-width: 512px) 100vw, 512px\"\/><\/source><\/source><\/picture><figcaption><em>Active Listings in Boston, Massachusetts \u2013 Redfin<\/em><\/figcaption><\/figure>\n<p><span data-preserver-spaces=\"true\">So inventory really is becoming a major X factor! We\u2019ll still have to see this all play out, but it\u2019s definitely the number one thing I\u2019m watching these days.\u00a0<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">Conclusion<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Given the complexity of the economic climate in 2022, I think my thesis has held up pretty well so far. Of course, I wish I wasn\u2019t so far off on mortgage rates, but as I said above, the point of developing an investing thesis is not to be right about everything. It\u2019s about formulating an educated understanding of the market that helps you make informed investing decisions. In that respect, I\u2019m pleased with my 2022 thesis because my overall understanding of the market was good and allowed me to make solid investing decisions.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">I locked in low-rate financing on long-term fixed-rate loans, dove more into large multifamily investments to take advantage of long-term supply constraints, and underwrote deals with little to no market appreciation in the next few years, just to be conservative.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">As we approach another year of uncertain economic conditions, I encourage you all to start thinking about your investing thesis for 2023. Take the time now to take stock of the economic climate and the shifting market dynamics. Think about what might happen in your market in the coming year and how you can make strong investing choices given the realities on the ground. What will high rates do to inventory in your area? What asset classes will offer good returns? How do you protect yourself from a potential rise in unemployment rates?\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">You shouldn\u2019t be scared of these conditions just so long as you\u2019re prepared for them. There are always deals to be had. You just have to adjust your thesis to fit the market.\u00a0<\/span>To learn more about analyzing deals, be sure to check out my new book <em>Real Estate by the Numbers<\/em> <a href=\"https:\/\/store.biggerpockets.com\/products\/real-estate-by-the-numbers?_pos=1&amp;_sid=53d1ecd71&amp;_ss=r\" target=\"_blank\" rel=\"noreferrer noopener\">here<\/a>!<\/p>\n<div id=\"hero-block_62df1a82bfc88\" class=\"first:mt-0 hero-block    has-background has-slate-200-background-color has-text-color has-slate-900-color\">\n<div class=\" flex flex-wrap lg:flex-nowrap max-w-screen-xl mx-auto px-4 relative lg:items-center \">\n<div class=\"relative z-30 w-full \">\n<main class=\"py-4\"><\/p>\n<p class=\"has-slate-800-color has-text-color has-large-font-size\" style=\"font-style:normal;font-weight:800\">Run Your Numbers Like a Pro!<\/p>\n<p class=\"my-3 md:my-5 lg:my-8 has-slate-900-color has-text-color\" style=\"font-size:16px\">Deal analysis is one of the first and most critical steps of real estate investing. Maximize your confidence in each deal with this first-ever ultimate guide to deal analysis. <em>Real Estate by the Numbers<\/em> makes real estate math easy, and makes real estate success inevitable. <\/p>\n<p><\/main><\/div>\n<div class=\" first:mt-0 relative h-full lg:flex lg:items-center\">\n<picture class=\"object-cover w-full relative z-20 my-0  shadow-xl rounded-md sp-no-webp\" title=\"Did I Predict the 2022 Housing Market Correctly? What I Got Right and Wrong 6\"><source srcset=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2022\/08\/Real-Estate-by-the-Numbers_final-front-scaled-e1661971447625.webp\" type=\"image\/webp\"><source srcset=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2022\/08\/Real-Estate-by-the-Numbers_final-front-scaled-e1661971447625.jpg\" type=\"image\/jpeg\"><img decoding=\"async\" src=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2022\/08\/Real-Estate-by-the-Numbers_final-front-scaled-e1661971447625.jpg\" class=\"object-cover w-full relative z-20 my-0  shadow-xl rounded-md sp-no-webp\" title=\"Did I Predict the 2022 Housing Market Correctly? What I Got Right and Wrong 6\" alt=\"Real Estate by the Numbers book cover\" srcset=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2022\/08\/Real-Estate-by-the-Numbers_final-front-scaled-e1661971447625.jpg\"\/><\/source><\/source><\/picture><\/div>\n<\/div>\n<\/div>\n<p><span data-preserver-spaces=\"true\">I\u2019ll share my 2023 thesis with you all soon.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">In the meantime, I\u2019d love for you all to join me in this exercise in the comments. What did you get right about 2022? What did you get wrong? Let\u2019s all share and learn together.<\/span><\/p>\n<p class=\"italic\"><b>Note By BiggerPockets:<\/b> These are opinions written by the author and do not necessarily represent the opinions of BiggerPockets.<\/p>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.biggerpockets.com\/blog\/housing-market-predictions-review-2022\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In this article As I begin gathering my thoughts about what might happen next year, I like to look back at my predictions for the previous year to see how I did. It\u2019s useful to look at what I got right and learn from what I got wrong to become a better investor.\u00a0 I\u2019m not [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":3795,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"fifu_image_url":"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2022\/09\/housing-market-prediction-2022-1024x517.jpg","fifu_image_alt":"","footnotes":""},"categories":[9],"tags":[],"class_list":["post-3794","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog"],"_links":{"self":[{"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/posts\/3794","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/comments?post=3794"}],"version-history":[{"count":1,"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/posts\/3794\/revisions"}],"predecessor-version":[{"id":3796,"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/posts\/3794\/revisions\/3796"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/media\/3795"}],"wp:attachment":[{"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/media?parent=3794"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/categories?post=3794"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/tags?post=3794"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}