by Calculated Risk on 1/07/2022 12:44:00 PM
Today, in the Calculated Risk Real Estate Newsletter: Rents Still Increasing Sharply Year-over-year
A brief excerpt:
The Zillow measure is up 12.6% YoY in November, up from 12.0% YoY in October. And the ApartmentList measure is up 17.8% as of December, up from 17.7% in November. 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 continue to spill over into measures of inflation in 2022. The Owners’ Equivalent Rent (OER) was up 3.5% YoY in November, from 3.1% in November – and will increase further in the coming months.
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