Asking Rents Mostly Unchanged Year-over-year
Calculated Risk Real Estate
APRIL 3, 2024
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 ). Now that household formation has slowed, and multi-family completions have increased, rents are under pressure. percent in February.
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