Tax Smart Real Estate Investors Podcast
258. 2024 REI Forecast: Key Trends You Can't Afford to Miss & Why Start with Strategy w/ Dave Meyer
Jan 30, 2024
Real estate investor and best-selling author, Dave Meyer, joins the podcast to share his expert outlook on the 2024 real estate market. He emphasizes the importance of starting with strategy and provides tips for developing a strategy that aligns with long-term goals. They also discuss investment trends, the outlook for short-term rentals, and the power of clarity in achieving financial freedom. Don't miss this episode!
34:54
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Quick takeaways
- Real estate investor Dave Meyer predicts a relatively modest year in the housing market for 2024, with some markets experiencing a 2-3% increase in prices and others seeing a 1-2% decrease.
- Affordability plays a crucial role in determining market performance, with more affordable markets in the Midwest and certain areas in the Northeast expected to remain strong, while unaffordable markets and those with oversupply may experience a decline in demand and prices.
Deep dives
Outlook for the 2024 real estate market
According to real estate investor Dave Meyer, there are signs of improvement in the national housing market for 2024. While the market is not yet healthy, more people are listing their homes for sale and mortgage rates have come down slightly. Meyer predicts a relatively modest year in the market, with some housing markets seeing a 2-3% increase in prices, while others may experience a 1-2% decrease. He emphasizes the importance of understanding the relationship between interest rates and supply, as lower rates could lead to more supply and potentially balance the market.
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