BiggerNews: Renters Regain Control and a New Rent Price Forecast for 2025

Rent prices have come down to earth after their meteoric growth of 2020 - 2022, but what will they do in 2025? Will we continue to see slow (or no) rent price growth, or could lower interest rates push more households to form and demand to jump? With so much multifamily housing supply and the Fed’s recent rate cut decision, we’ve got a lot to unpack on this BiggerNews episode. Thankfully, we have Apartment List’s Chief Economist, Igor Popov, to help us. We’re talking about rent prices: where they are, where they’re going, and what’s impacting them in 2024 (and into 2025). Unsurprisingly, we’ve got a lot of multifamily supply—apartments are giving huge concessions to lease up. But what if we told you we were oversupplied AND undersupplied at the same time, and in a few years' time, demand could heat up again? Igor gives a rare 2025 rental market forecast, his take on what’s impacting rent growth, and whether the “oversupply” of multifamily is hurting single-family rental investors’ chances to get higher rents. In This Episode We Cover: A 2025 rental market forecast and whether we’ll see rents grow, decline, or flatten next year The areas where all the rental money is moving to (things have REALLY changed) More renter control as the oversupplied multifamily market searches for tenants Why the housing market is currently in a dangerous flood-drought combination  Will sluggish multifamily rent prices push single-family rents down with them? And So Much More! Links from the Show Join BiggerPockets for FREE Let Us Know What You Thought of the Show! Apartment List Research Invest in Turnkey Properties with REI Nation Grab Dave’s Newest Book, “Start with Strategy” Find an Investor-Friendly Agent in Your Area See Dave at BPCON2024 in Cancun! What Happens to Rent Prices When 1,000,000 New Units Come Online in 2024? Connect with Dave (00:00) Intro (03:55) Anything But “Normal” Rent Prices (08:54) Money is in Suburbs (12:59) More Renter Control (17:00) Multifamily vs. Single-Family Rents (18:09) Lots of Supply, Not Enough Supply (23:08) 2025 Rent Prediction (25:52) Learn More from Igor! Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1020 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices