Episode #1,053

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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!



00:00 Intro
01:12 Sluggish Homebuying
03:03 REALLY Low Affordability
06:19 The "Lock-In Effect"
06:50 Home Prices Still Rising
07:55 Worst/Best Markets
10:54 Multifamily Crashed Hard
15:52 Commercial Real Estate's Big Problem
17:36 Rent Prices Still Growing
20:16 Key Takeaways

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