Rents Cheaper than Ever vs. Buying: What Happens in 2024?

While home buyers contend with higher costs, apartment renters have benefited from lower rent growth in 2023, with recent coverage of the housing market describing how rising mortgage rates and still-elevated home values have led to soaring costs of home ownership compared to the price of rent. Sources discussed in this episode: The Wall Street Journal: There’s Never Been a Worse Time to Buy Instead of Rent - https://www.wsj.com/economy/housing/theres-never-been-a-worse-time-to-buy-instead-of-rent-bd3e80d9 RealPage: “Which Markets Could Be Most—and Least—Impacted by Apartment Construction?” - https://www.realpage.com/analytics/markets-most-impacted-by-apartment-construction/ Freddie Mac: “Millennial household formation—potential for another 3 million households” - https://www.freddiemac.com/research/forecast/20231020-US-economy-continues-to-grow-at-a-pace-closer-to-long-term-trend 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.