Class 2: Real Estate Cycles & Market Drivers
Class 2: Real Estate Cycles & Market Drivers
Understanding the cyclical nature of real estate (expansion, peak, recession, recovery). Definitions: cap rate cycle, supply pipeline.
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Real Estate Cycles & Market Drivers
LINK TO VIEW DETAILED OUTLINE OF CYCLES AND DRIVER
The U.S. real estate market moves cycle
1) recovery → 2) expansion → 3) hyper-supply → 4) recession
Demand drivers
1) Economy,
2) Demographics,
3) Jobs
1) Economy,
2) Demographics,
3) Jobs
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2023 Data (from U.S. Census Bureau): The real median household income in 2023 was $80,610, marking the first significant annual increase since 2019.
Early 2024 Estimates: Motio Research estimated a median household income of approximately $77,397 for January 2024.
Supply drivers
1) Construction,
2) Credit
3) Regulation
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