2024 Forecasts: Interest Rates and Multifamily Performance

On the heels of a CPI report showing inflation on the slow decline, Federal Reserve Chairman Jerome Powell announced that the FOMC would keep the federal funds rate at its current level, with 3 rate cuts expected in 2024. Stock markets reacted with the typical enthusiasm associated with the hope of lower interest rates, and some interesting buying opportunities could emerge in 2024 for investors tracking stronger long-term rent growth and lower financing costs in the multifamily market. Sources discussed in this episode: Bureau of Labor Statistics: “Consumer Price Index - November 2023” - https://www.bls.gov/news.release/cpi.nr0.htm GlobeSt: “Prediction: Multifamily Distress Will Start in H2 2024” - https://www.globest.com/2023/12/11/prediction-multifamily-distress-will-start-in-h2-2024/ Colliers: “2024 Outlook: Navigating Equilibrium, Distress, and Anticipated Policy Easing in Commercial Real Estate” - https://www.colliers.com/en/research/outlook-2024 Cushman & Wakefield: “2024 U.S. Macro Outlook: A Rolling Recession Is Here” - https://www.cushmanwakefield.com/en/united-states/insights/us-macro-outlook Harvard Joint Center for Housing Studies: “Move over Millennials, Gen Z Is Driving Rental Demand” - https://www.jchs.harvard.edu/blog/move-over-millennials-gen-z-driving-rental-demand For the latest multifamily news from across the internet, visit the Gray Report website: ⁠https://www.grayreport.com/⁠ Sign up for our free multifamily newsletter here: ⁠https://www.graycapitalllc.com/newsletter⁠ DISCLAIMERS: This video does not constitute professional financial advice and is for educational/entertainment purposes only. This video is not an offer to invest.