ilmscore | The 2024 Housing Market in Review (What’s Coming Next?)

The 2024 Housing Market in Review (What’s Coming Next?)

Published: 2024-12-06
Status: Analyzed

Predictions from this Video

Total: 7
Correct: 0
Incorrect: 0
Pending: 7
Prediction
Topic
Status
Multifamily unit construction is predicted to slow down in 2025.
"it is actually going to slow down as we head into 20125"
Multifamily Construction
Pending
Multifamily vacancy rates are expected to remain above pre-pandemic levels for one to two more years (through 2025 or 2026).
"vacancy rates back above prepandemic levels where they're actually expected to stay for another year or two"
Multifamily Vacancy Rates
Pending
Annualized rate of existing home sales in the US to be 3.8 million by end of 2024.
"this year is actually poised to end at an annualized rate of just 3.8 million home sales this is for existing homes"
US Existing Home Sales
Pending
Multifamily unit construction is predicted to slow down in 2025.
"It is actually going to slow down as we head into 2025"
Multifamily Unit Construction
Pending
Multifamily apartment vacancy rates are expected to remain above pre-pandemic levels for one to two more years from late 2024.
"vacancy rates back above prepandemic levels where they're actually expected to stay for another year or two"
Multifamily Apartment Vacancy Rates
Pending
Midwest multifamily unit increase in 2024 predicted to be a modest 20,000 units compared to pre-pandemic levels.
"the Midwest is expected to see a modest 20,000 unit increase in new units in 2024 compared to prepandemic levels"
Midwest Multifamily Unit Supply
Pending
Sun Belt multifamily unit increase in 2024 predicted to be 120,000 units more than 2019 levels.
"when you look at the Sun Belt it's expecting 120,000 more units than in 2019"
Sun Belt Multifamily Unit Supply
Pending