Asking Rents Negative Year-over-year
Calculated Risk Real Estate
AUGUST 1, 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 ). On a month-over-month basis rents continue to tick up, albeit slowly.
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