State of market
Market Trends 2024
The issue of inflation is an issue of the past, we have to start anticipating a market of economic disinflation.
Key Economic Indicators of Disinflation
Global Container Price
Raw Materials Index
9 of the last 12 recessions happen when the PMI index falls between 66-42.
Inflation Rate vs Federal Rate
When the Federal rate is above the inflation rate it indicates a future adjustment and economic disinflation.
2024 Forecast
3 Federal rate cuts by 2024
2023 Sales
2024 Sales
| Entity | Original Forecast | Actual Forecast |
|---|---|---|
| Goldman Sachs | 1.9% | 5.0% |
| Mortgage Bankers Association | 1.1% | 4.1% |
| Zillow | 0.2% | 3.5% |
| Fannie Mae | 2.8% | 3.2% |
| Freddie Mac | 2.6% | 2.8% |
| Home Price Expectations Survey | 2.2% | 2.4% |
| National Association of Realtors | 0.7% | 1.9% |
Average Income vs Mortgages
The monthly payment for a new purchase is more expensive than the average rent for an apartment.
The widest gap ever recorded
Overall housing demand remains strong
Even if home values continue to fall and mortgage rates decline in 2023, the relatively lower cost of rent will support multifamily demand.
Investment Opportunities 2024
Build to rent
Construction of residential houses to put them up for rent. The largest difference historically between the average mortgage and the average rent. The American dream changed:
more expensive than the average rent.
Multifamily
The highest rents have been since 1976. They rose up to 16% annually.
Deficit of departmental units per year.
Self Storage
Tasa de ocupación del:
Real Estate Industry Average ROI: 10% vs Self Storage Industry Average ROI: 22%
Of American families rent Self Storage.
Safe Haven Asset: 92% success.
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Recent Posts
State of market
Tendencias del Mercado 2024 El tema de inflación es un tema del pasado, tenemos que
Where has all the housing gone?
Construcción de Casas 1900-2021 La crisis del 2008 afecto el número de construcción de casas
