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Real Estate Investing with Coach Carson

#325: Real Estate Investing in 2024: How to Prepare & Avoid Trouble

Jan 8, 2024
Discussion on the current state of the real estate market in 2024, including suppressed supply and cautious rent growth projections. Examining the impact of mortgage rates in 2023 and supply-demand dynamics, as well as exploring creative financing and rent growth. Analyzing factors affecting housing affordability in 2024 and the impact of multi-family construction. Tips for real estate investors in 2024, emphasizing the significance of credit and cautious underwriting. Importance of maintaining a balanced approach as an investor, considering market data and historical performance.
27:58

Podcast summary created with Snipd AI

Quick takeaways

  • Low supply and high interest rates in 2023 resulted in reduced demand and slower market activity.
  • Regional variations in price trends highlight the importance of affordability in determining market corrections.

Deep dives

Overview of the Real Estate Market in 2023

In 2023, the real estate market experienced a slow and grinding pace, with low supply and slow transaction volume. Prices rose modestly by 2-3% despite expectations of a decline. Mortgage rates remained relatively stable, but rose to about 8% in the latter half of the year.

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