By The Rapid Increase in Rents Continues
by Calculated Risk on 11/01/2021 02:31:00 PM
Today, in the Real Estate Newsletter: The Rapid Increase in Rents Continues New Leases up Sharply year-over-year in September
Excerpt:
The Zillow measure is up 9.2% YoY in September, up from 8.4% YoY in August. And the ApartmentList measure is up 15.1% as of September, up from 12.5% in August. Both the Zillow measure (a repeat rent index), and ApartmentList are showing a sharp increase in rents.
…
Clearly rents are increasing sharply, and we should expect this to spill over into measures of inflation in 2022. The Owners Equivalent Rent (OER) was up 2.9% YoY in September, from 2.6% in August – and will increase further in the coming months.
…
Clearly rents are increasing sharply, and we should expect this to spill over into measures of inflation in 2022. The Owners Equivalent Rent (OER) was up 2.9% YoY in September, from 2.6% in August – and will increase further in the coming months.
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