Multifamily and industrial lead investment preferences, with retail and office gaining traction.

Over a third of known office sales were at a discount in 2024, up from 2023.

An ongoing shift in the geography of talent, with the heartland doing better.

The all-cash home purchases have slumped to a three-year low.

The market as a whole has moved in a more renter-friendly direction.

Supply-chain problems and high interest rates remain barriers to construction.

In 60% to 70% of zones with more expensive homes, prices climbed

Some 400,000 units were absorbed in 2024, one of the highest years on record.