Thanks to sky-high interest rates, an uncertain economic climate, changing priorities, and ongoing hybrid- and remote-work policies, consumer sentiment towards home ownership is at an all-time low.
Housing prices and interest rates are making owning a single-family home more expensive than ever. And many consumers are choosing to avoid these costs by renting instead of buying.
In 2023, the Midwest emerged as the most competitive rental market in the U.S., with three cities in the top five, driven by its affordability, ample space for remote work, and easy access to nature.
As the real estate market adjusts to new norms in a post-pandemic world, the commercial and investment property sectors are shifting.
Despite concerns about uncertainties and a potential recession, the 2024 forecast for the rental market shows robust fundamentals for multifamily.
Distress in the commercial real estate market has bottomed out, and conditions will soon be on the upswing as more investors from the private equity world seize opportunities to jump into the space