Key Differences: 2024 vs 2023 Multifamily Market

Recent forecasts and expectations for the 2024 CRE and multifamily markets are not very much different than the discussions heading into 2023: Economic uncertainty, expense burdens, high interest rates, and historic amounts of new apartment supply will be major factors for multifamily asset performance next year the same as they were this year, but interest rate cuts on the horizon, lower inflation, and an uptick in consumer confidence are key differences from last year and possible glimpses of an end to stagnation for the apartment market.