Housing Market Outlook and Investment Strategies for 2024 with Dave Meyer

In Episode 62 of STR Data Lab, Jamie Lane, Chief Economist at AirDNA, welcomes Dave Meyer, Vice President of Data and Analytics at BiggerPockets, to share insights on the real estate market outlook for 2024.

BiggerPockets is a community of 2.5 million people dedicated to achieving financial freedom through real estate investing, offering tools to track macroeconomic trends and long-term rental data.

They take a close look at Dave's Year-End Report, which reviews the real estate market in 2023 and anticipates future trends. They explore the possibility of a recession and its potential effects on the housing market. The episode addresses the current market paradox where housing prices rise amidst recession fears. Dave clarifies this by explaining how affordability constraints are dampening demand.

Dave shares several investment strategies, including house hacking and investing in new construction. He also discusses policy changes that might influence investment decisions and suggests resources for keeping track of the housing market.

Don't miss this insightful episode for a deeper understanding of the real estate market's future trajectory!

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Dave’s 2024 State of Real Estate Investing Report:

www.biggerpockets.com/report24

www.biggerpockets.com/strategybook

https://www.instagram.com/thedatadeli/?hl=en

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https://app.airdna.co/data

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Connect with Jamie on LinkedIn and Twitter:

LinkedIn: https://www.linkedin.com/in/jamiehlane/

Twitter: https://twitter.com/Jamie_Lane

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Connect with AirDNA on LinkedIn, Twitter, TikTok, and Instagram:

LinkedIn: https://www.linkedin.com/company/airdna/

Twitter: https://twitter.com/airdna

TikTok: https://www.tiktok.com/@airdna.co

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A Reflection on 2023 and a Look Ahead to 2024 with Bram Gallagher

In this edition of the STR Data Lab podcast, Jamie Lane, chief economist at AirDNA, is joined by Bram Gallagher, fellow economist at AirDNA, to discuss the year-end numbers for 2023 in the U.S. short-term rental industry. They analyze the December figures, noting a 4.3% increase in demand compared to the same month last year, with supply growth cooling down to 10.8%. The occupancy rate settled around 49.9%, reflecting a return to pre-COVID levels. The Average Daily Rate slightly improved, signaling pricing adjustments amid changing occupancy.

The conversation delves into the supply dynamics in the STR market, exploring the impact of new listings and regulations. Gallagher expresses confidence in the forecast for a 10.9% increase in supply for 2024, emphasizing the industry's adaptability to changes in demand. The discussion also touches on the broader economic landscape, considering factors such as the Federal Reserve's monetary policy and its potential effects on interest rates. Gallagher anticipates a more conservative approach to rate cuts in 2024, aligning with the strong economic indicators.

The podcast concludes with insights into the international travel sector, identifying it as a growth area for 2024. The conversation highlights opportunities for the STR industry to cater to international travelers, particularly in urban locations. Overall, the podcast provides a comprehensive overview of key trends and factors shaping the STR market and its intersection with the broader economy.

You don’t want to miss this episode!

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https://www.airdna.co/outlook-report-2024

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Signup for AirDNA for FREE👇

https://app.airdna.co/data

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Connect with Jamie on LinkedIn and Twitter:

LinkedIn: https://www.linkedin.com/in/jamiehlane/

Twitter: https://twitter.com/Jamie_Lane

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Connect with AirDNA on LinkedIn, Twitter, TikTok, and Instagram: