Multifamily real estate is still offering some significant opportunities to investors—you just need to know where to look! Although the past two years have been rough for multifamily, with falling rents, rising interest rates, and higher vacancy, we may be on the way out of this vicious multifamily market we found ourselves in just a year or so ago. With new multifamily construction predicted to dry up significantly over the next few years, current multifamily rents are already beginning to rise. So, where should YOU be buying to take advantage of this positive trend?
Thomas LaSalvia, from Moody’s Analytics CRE, joins us to give a multifamily real estate update and share where to find the best multifamily opportunities in 2024. With some markets still seeing more supply than demand, investors could pick up deals from distressed owners. Plus, one often-forgotten region may see demand pick up in a big way—if you invest here, you could get ahead of the curve!
We’ll also discuss how multifamily rents have been performing, why new multifamily construction will see a huge slowdown in 2025 – 2026, whether today’s sluggish economy will affect multifamily, and the one big danger multifamily real estate investors (and future investors) CANNOT overlook.
Henry:
A class apartments are on the rise, but is this what tenants actually want? How does multifamily fit into the bigger picture and how does this impact single family buy Andhold landlords? Today we are discussing the state of multifamily and its general impact on the housing market at large. What’s going on everybody? I am Henry Washington and with me today is our economics queen herself, Mrs. Kathy Feki. Kathy is the cos with me on the BiggerPockets on the market podcast. And so she’s stepping in as some of our other hosts are taking some PTO. What’s up Kathy?
Kathy:
Well, I love being called a queen, so thank you <laugh>
Henry:
<laugh>. And if you are new to the BiggerPockets podcast, welcome and if…