What’s in store for real estate wholesalers in 2024?
Once again, the main theme of the year may be uncertainty. At least on the macro level. As well as especially when it comes to home prices and conventional retail home buyer activity.
However, what we do know for sure is that there are several factors influencing the economy and real estate in particular. As well as the opportunities they are likely to create.
Though it may not be until after the 2024 presidential election that real estate pros enjoy more clarity on the direction of the economy and property market, and are able to best plan, strategize and forecast their finances for the following four years.
Factors Impacting The Market For 2024
In 2024 we can expect to see the following factors influence the real estate market:
The impact of recent high inflation on living costs.
Living in a period of high interest rates.
AI and fast rising unemployment.
The ripple effects of escalating consumer distress.
Volatility in the stock market.
A high probability of new national or global crises.
Opportunities For Real Estate Wholesalers In 2024
The above is going to show in through a variety of opportunities for real estate wholesalers.
Firstly, we can expect a lot more distressed property acquisition opportunities, with highly motivated sellers who need to sell very fast.
The wealthy who are benefiting from recent trends will need to put more of their money into real estate to protect it. Both in the form of luxury residences and income properties.
Among the millions of those being negatively impacted by these trends will be many who need to get into real estate to make up for lost income. This may create a whole new pool of end buyers, partners, and potential workers for your investment business.
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