Asking Rent Growth Flat Year-over-year
Realtor.com: First Year-over-year Rent Decline in Their Data
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).
The surge in household formation has been confirmed (mostly due to work-from-home), and thi…