Ninety-one percent of investors expect 2024 to be a growth year, according to new research from New Western. The survey, which focused on the single-family real estate market, included responses from 1,300 independent investors. Despite the ongoing challenges in the current market, the majority of investors remain optimistic about their business prospects in the coming year.

In addition to the overall growth expectations, the survey also found that 80% of investors are planning to flip one to five homes throughout 2024. This suggests that many investors are taking a proactive approach to capitalize on potential opportunities in the market.

New Western's report also provided insights into the specific market dynamics that are driving investor sentiment. The report noted that the company saw a significant influx of new investors in 2023, with 68,000 new investors looking for properties to rehab. This influx of new investors is likely to be a key factor in the overall growth expectations for 2024.