Apartment List has seven key predictions for 2024. The firm's economics team reviewed rental market analysis based on trends from 2023 and previous years.
Among the top forecasts is a surge in supply in 2024 following an impressive 2023. Rent growth will continue to remain low; however, well below the peak seen in 2021 and more in line with past years.
The presidential election will have an impact on housing, and the economy will take "center stage," according to the report. Sun Belt markets will stay hot population-wise, but the large boost in supply will likely cool any spike in rents.