Asking Rents Down 1.2% Year-over-year
Calculated Risk Real Estate
AUGUST 31, 2023
Tracking rents is important for understanding the dynamics of the housing market. For example, the sharp increase in rents helped me deduce that there was a surge in household formation in 2021 (See from September 2021: Household Formation Drives Housing Demand ). Our national rent index decreased 0.1
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