Key Differences: 2024 vs. 2023 Multifamily Market The Gray Report Podcast

Recent forecasts and expectations for the 2024 CRE and multifamily markets are not very much different than the discussions heading into 2023: Economic uncertainty, expense burdens, high interest rates, and historic amounts of new apartment supply will be major factors for multifamily asset performance next year the same as they were this year, but interest rate cuts on the horizon, lower inflation, and an uptick in consumer confidence are key differences from last year and possible glimpses of an end to stagnation for the apartment market.

Sources discussed in this episode:

RealPage: “What We Got Right - and Wrong - About the Apartment Market in 2023” - https://www.realpage.com/analytics/what-we-got-right-2023/

Yardi Matrix: 2024 Forecast: Multifamily Demand to Stay Positive, but Market Faces Hurdles - https://www.yardimatrix.com/publications/download/file/4915-MatrixMultifamilyNationalReport-Winter2024?signup=false&utm_source=hs_email&utm_medium=email&_hsenc=p2ANqtz-_GbAT2FAplKsj8izORE9R-sxnTxPU1EEyhw5Cid8Y1Jqqxgq1vbNojzBzzelmkUpqJHrTd

The Conference Board: “Consumers End 2023 with a Surge in Confidence and Restored Optimism For 2024” - https://www.conference-board.org/topics/consumer-confidence

University of Michigan: "Surveys of Consumers" - http://www.sca.isr.umich.edu/

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DISCLAIMERS: This video does not constitute professional financial advice and is for educational/entertainment purposes only. This video is not an offer to invest.