2024 Real Estate Trends

The real estate market continues to evolve in response to economic conditions, demographic shifts, and societal trends. In 2024, several key trends are shaping the market, from rising interest rates to increasing demand for flexible living options.

Higher interest rates are having a significant impact on both buyers and investors. Mortgage rates have increased, making homeownership more expensive and pushing more people into the rental market. As a result, single-family and multifamily rental properties are experiencing heightened demand, with rents rising in many regions. This trend is likely to continue, especially in areas with high home prices and lower housing inventory.