Short Term Rental Outlook 2024. Peter chu, a retired lawyer living in portland, ore., pays nearly $400 a month for his storage unit in seattle, where he used to live. Trends and predictions for 2024.
That rate has gone up by roughly. The start of 2023 is an opportune time to study recessions, as both the wall street journal and pitchbook said there’s about a 65% likelihood of a recession happening in late 2023.
As The Hospitality Industry Continues To Evolve And Technology.
Peter chu, a retired lawyer living in portland, ore., pays nearly $400 a month for his storage unit in seattle, where he used to live.
While High Home Prices Can Be Discouraging For Potential Buyers, There Might Be A Silver Lining.
Rising interest rates coupled with 450,000 new multifamily units will likely reduce rental demand in the short term and push vacancy rates closer to 6% by year.
A Sober Perspective On Vacation Rental Trends:
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The Start Of 2023 Is An Opportune Time To Study Recessions, As Both The Wall Street Journal And Pitchbook Said There's About A 65% Likelihood Of A Recession Happening In Late 2023.
This was the year that all the occupancy gains.
A 2016 Report Prepared For The State Found A Honolulu Vacation Rental Generates 3.5 Times The Revenue.
After a volatile 2023, next year may see demand and supply back in balance.
