Rents Still Increasing Sharply Year-over-year

Rent increases slowing seasonally

First, household formation and absorption are important topics. Here is a tweet from Jay Parsons, Deputy Chief Economist at Real Page on apartment absorption:

With 2021 in the books, it now goes down as the biggest year for apartment demand in the three decades we've tracked the market ... obliterating the previous high set in 2000 by 66%. A total of …