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In Collier County, FL a three-bedroom apartment leases for $8,000 a month
Markets where supply is more reasonable and less drastic will have an advantage
One thing is clear: the recent, rapid three-year rise in home prices is unsustainable
The IMF is especially concerned about the potential effects on the nation's financial system
Both rent and housing costs escalated in 2023, but rents are rising faster
The six markets that broke the mold were dissimilar and spanned the country
The level of interest rates may no longer be the one-factor model for CRE prices
The year 2023 ended with just 4.6% of retail space available nationwide
The NRF cautioned that tighter credit conditions and higher borrowing costs remain a threat in 2024
A host of factors may continue to act as a drag – rather than a boost – to the markets though.