In this episode of the Real Estate Takeoff podcast, hosts Shawn
DiMartile and Mike Tighe review the Marcus and Millichap 2024
Investment Outlook report. They examine the top multifamily markets
nationwide and dissect the factors influencing their standings. The
hosts investigate the balance between housing affordability and
rental rates and its implications on various rental markets. San
Diego's market dynamics are spotlighted, offering insights into its
notable ranking. The episode wraps up with a conversation on
interest rates and their potential repercussions on the real estate
landscape.
Here's what you can expect from the episode:
The Marcus and Millichap 2024 Investment Outlook report
evaluates top multifamily markets nationwide, considering job
growth, vacancy rates, construction, housing affordability, and
rent trends.
Dallas, Fort Worth, San Diego, and Tampa/St. Petersburg emerge
as top multifamily markets in the report, driven by robust job
growth, low vacancies, and strong rental demand.
San Diego's scarcity of new units, coupled with high demand from
young professionals and construction obstacles, solidifies its
position as a premier multifamily market. The city's pricey housing
contributes to rental affordability.
Cities like San Diego, Los Angeles, and San Francisco grapple
with significant gaps in housing affordability between owning and
renting, fueling rental demand and potential rent escalation.
Interest rates wield considerable influence in the real estate
market. Speculation on rate fluctuations sparks discussions on
potential impacts on transaction volume and investor sentiment.
The Real Estate Takeoff podcast hosted by Mike Tighe and Shawn DiMartile, where we'll talk all aspects of anything real estate investing related, as we host a variety of guests who are active in the real estate game. Past guests including Grant Cardone, Michael Blank, & more! Be sure to follow the show on instagram at @therealestatetakeoff.