🎙️ Episode Summary
In this episode of A Canadian Investing in the U.S., Glen Sutherland speaks with data-driven investor Neal Bawa about where the U.S. real estate market is headed next. Neal explains why the past few years were defined by excess supply—and how the next cycle will emerge unevenly across U.S. metros. The conversation focuses on practical indicators investors can use today, including concessions, rent growth, and submarket-level supply trends, to better time opportunities in a late-cycle environment.
📌 Key Takeaways
- Real estate cycles turn by metro, not nationally.
- The last 2–3 years were an unusual supply-heavy downturn.
- Late-cycle strategy prioritizes occupancy over rent growth.
- Four-week concessions signal market normalization.
- Rent growth above 2% points to early recovery.
