Market data and other field intelligence indicates momentum is starting to build for a busier second half of 2024.  In fact, several rate cuts by the Fed between April and July would add to the likelihood of a rebound in the second half of 2024, according to a recent report from Lightbox.

This forecast alone is likely to deliver early indications of a modest uptick in property listings leading into the second half of 2024. In reaction to this activity, capital that has mobilized in anticipation of this new wave of investment opportunities will make a move. As a result of these new transactions, the demand for environmental due diligence and appraisals will follow. The forecast does, however, account for a potential short-lived pause in the third quarter, as is typical preceding a presidential election.

According to the report, there are several noteworthy market developments impacting this forecast.