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Rents Falling Faster than "Seasonality Alone"
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Rents Falling Faster than "Seasonality Alone"

Expect YoY Rents to Slow Further in Coming Months

CalculatedRisk by Bill McBride's avatar
CalculatedRisk by Bill McBride
Dec 01, 2022
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Rents Falling Faster than "Seasonality Alone"
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The rental market is changing rapidly.

First, here are a few excerpts on rents from Fed Chair Jerome Powell’s speech yesterday:

Housing services inflation measures the rise in the price of all rents and the rise in the rental-equivalent cost of owner-occupied housing. Unlike goods inflation, housing services inflation has continued to rise and now stands…

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