The Rapid Increase in Rents

What is happening? Why? And what will happen.

Over the last several months there has been a pickup in rents, especially for single family homes.

There are three key questions:

• What is happening with rents?

• Why are rents increasing rapidly?

• What will happen?

I don’t have all the answers, but I’ll offer some preliminary thoughts.

What is happening with rents?

Housing economist Tom Lawler has been sending me…