The 2024 housing market was nothing short of “wild,” to put it lightly. We came from years of unprecedented growth, rock-bottom mortgage rates, and fiery homebuyer demand. While some predicted a housing market crash, we were quite sure that real estate prices would stay stable—and that’s precisely what happened! So, before we enter the 2025 housing market, we’re recapping 2024 with all its trends and surprises so you don’t get caught off guard next year!
We’re touching on the big topics: prices, inventory, affordability, best and worst markets, and the commercial real estate crash. Why did prices RISE even when buyer demand fell significantly? Why did the existing housing inventory stay so low? And is now the best time to buy multifamily after its massive value drop in 2024?
Get prepared to make 2025 your best year yet, but don’t make the same mistakes of the past. Stick around; we’re giving you your 2024 housing market in review!
Dave:
If you’re gearing up for a successful investing year in 2025, you need to know what happened in the last 12 months. Today I’m recapping the biggest trends and storylines from one of the wildest years the housing market has ever seen 2024. Hey everyone, it’s Dave and welcome to the BiggerPockets podcast. If you’re anything like me, you’re probably winding down your year and starting to look forward to all the deals you’re hoping to do in 2025. But before you do that, at least for me, I find it very helpful to just take a minute to step back and look back at the year. That was because it helps inform what we’re going to do in the year to come. So today I’m going to break down the most important storylines that you all need to know from the residential real estate market, the commercial real estate market, and I’ll also provide some updates on the rental market as well.
Dave:
Before we get into it, I just want to say keep an eye out on your feeds the next couple of weeks because today we’re going to…