2021 Rent Inflation Really was Temporary
As per Appartment list's article, more data is available on rents.
- median rents increased 15% from Jan 2021 to Jul 2022
- this occurred in a context where low rates led to house price inflation, and market supply becoming tense
- since then, median rents have corrected down
- house price inflation was 40%, rents did follow with some delay but did not end up matching the price appreciation
image credit: Appartment list
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