2023 provided an exciting mix of good news, ugly news, just plain bad news, and some so-so news. We started the year in correction mode, with falling housing prices, falling demand, and persistent inflation. Then, a flurry of federal interest rate hikes came, and the market reached a slow crawl by Q4. Now that inventory has fallen off a cliff, the labor market has slowed, and inflation is treading below 4%, we will surely be in store for another interesting year of data and stories to share.
But for now, here’s a recap of our top stories from 2023 and what shaped this year’s narrative.
#Airbnbust
By Lindsay Frankel
The biggest story we published this year was #Airbnbbust: The Fall of Short-Term Rentals, which came out in early January. The story broke after reports of oversupply crunching markets that became oversaturated during the pandemic era, which drove down daily rates and occupancy. Paired with government crackdowns, which may continue to get worse, there were some fears that vacation rentals were in for a tough year.
Now, as we look back, the market didn’t collapse, and despite lower demand, hosts still found ways to make more money. But going forward, it’s the threat of government regulations that stands in the way of future growth. We’ll see how that plays out in 2024.
The Lasting Truths of Real Estate
By Lindsay Frankel
While not the flashiest of headlines, The 11 Lasting Truths Of Real Estate: These Experts Divulge Their Secrets To Success was a cornerstone in our catalog this year. It turns out that real estate has concrete rules and realities that never change, regardless of where you are or what year it is. Whether it’s tenant management, due diligence, or recognizing and reacting to market cycles, this article has something for everyone.
Top 10 Cash Flow Markets
By Dave Meyer
Who doesn’t love cash flow? Originally published in 2022, our Top 10 Cash Flow Markets got a refresh for 2023, and it was…