BiggerPockets Real Estate Podcast BiggerNews: Renters Regain Control and a New Rent Price Forecast for 2025
5 snips
Sep 20, 2024 
Igor Popov, Chief Economist at Apartment List, dives into the evolving rental landscape with captivating insights. He discusses the dramatic shifts in rent prices post-pandemic and the surprising dynamics of oversupply and demand. Igor shares his unique 2025 rental market forecast, highlighting how new multifamily supply is granting renters more control. He also explores innovative shifts, including the influence of remote work on housing preferences and the potential impacts on single-family rentals. A must-listen for anyone invested in real estate!
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Normal Rent Growth
- Pre-pandemic rent growth was typically 3-4% annually, slightly exceeding inflation.
- However, the pandemic caused significant market fluctuations, with some cities experiencing both steep declines and subsequent increases in rents.
Rent Rebound
- Cities like New York and San Francisco saw significant rent declines during the pandemic but have since rebounded.
- The recovery in San Francisco has been slower due to the rise of remote work.
Suburban Investment Strategy
- Consider proximity to amenities when evaluating suburban investments, as renters prioritize these over work proximity.
- Develop a thesis based on local preferences, considering what draws people to specific suburban areas.
