Newsfeed: Key inflation gauge doesn’t fully capture cooling rent growth
A key component propping up consumer prices is cooling, but it’s not yet reflected in the government’s inflation measure, according to experts.
A key component propping up consumer prices is cooling, but it’s not yet reflected in the government’s inflation measure, according to experts.
In the earliest phases of the pandemic, many of the nation’s large cities saw sharp rent declines as a subset of renters with newly remote working arrangements moved away from expensive downtown areas that had temporarily lost their vibrancy, in search of more space in the surrounding suburbs.
The top 10 markets for annual rent growth have something major in common: they’re all in the Sunshine State. In the year-ending 2nd quarter 2022 …