Current Market Update - May 2024 with Ben Young

Navigating Real Estate Investment Landscapes: Predictions for 2024 and Beyond

In his inaugural letter as Chief Investment Officer of Buckingham Companies, Ben Young dives into the current real estate market, touching on cycles, sectors, and future opportunities. He draws on Fred Foldvary's predictions, including the anticipated 2026 depression, to discuss how real estate cycles, particularly around 18-year intervals, have historically played out. 

Young highlights:

• the impact of cheap credit on boom and bust cycles 
• the potential for the multifamily sector to outperform in coming years
• the resilience of multifamily investments post-pandemic, emphasizing their less volatile nature and higher returns

Additionally, Young explores the broader dynamics of the real estate market, touching on office, retail, hospitality, industrial, and multifamily sectors, and makes predictions on distress, development, and acquisition opportunities in the current economic climate. 

He concludes by asserting the generational buying opportunities present in the market, emphasizing Buckingham's position to capitalize on these based on their multifaceted experience and robust network.

00:00   Welcome and Introduction to Market Commentary
00:50   Predicting the Market: A Historical Perspective
03:08   Real Estate Cycles and Predictions for 2024
04:17   Multifamily Sector: A Resilient Investment
06:09   Exploring Other Real Estate Asset Classes
10:44   Diving Deep into Multifamily Market Dynamics
18:07   Strategic Predictions: Distress, Development, and Acquisitions
22:24   Concluding Thoughts on Generational Investment Opportunities

Connect with Ben Young, Chief Investment Officer of Buckingham at Ben.Young@buckingham.com.