July update: Rents melt-up faster than Prices
Price appreciation accelerated to 5% in a week on Easter 2021 week.
Rents did not follow such increase until July, where Zillow estimate shows a 10% increase in market rent in one week.
The performance is registered on our usual portfolio of US sunbelt properties. Rents are typically more stick than prices, but higher prices may have convinced landlords to sell to homebuyers, squeezing rental inventory faster than home inventory.
Below is the zillow rent estimate on an affordable sun-belt portperty sample:
Inflation happened both on rent and price this year, though it is still much higher on price for now,
|Click here to share this on BiggerPockets.com!|