Rents have declined only once – and then only at (0.1)% – yet economists keep predicting it will happen to cool inflation.

by mrmrmrj

Here are some recent “news” articles:

https://www.cnbc.com/2023/09/08/apartment-rents-on-verge-of-declining-due-to-massive-supply.html

• Rents in August were just 0.28% higher than August 2022, according to RealPage.
• Compare that to a year ago, when rents were posting 11% annual growth.
• The number of new units being built is at a 50-year high, with more than 460,000 being completed this year alone.

https://www.cnn.com/2023/06/26/economy/us-rents-may/index.html

https://www.realtor.com/news/trends/2023-cities-where-rent-prices-are-falling-the-most/

https://money.com/rent-to-fall-nearly-everywhere/

https://www.bloomberg.com/opinion/articles/2023-01-14/declining-rents-signal-a-crash-in-the-housing-market-lcvyhr01?utm_medium=cpc_search&utm_campaign=NB_ENG_DSAXX_DSAXXXXXXXXXX_EVG_XXXX_XXX_COUSA_EN_EN_X_BLOM_GO_SE_XXX_XXXXXXXXXX&gclid=CjwKCAiAu9yqBhBmEiwAHTx5p_3IMS-rppAmf_l5rv71X_kZgyufJa0OVWdnYKGmNhGS4rq9N9rJNRoCZKcQAvD_BwE&gclsrc=aw.ds&sref=Fbhig0fX

https://www.usatoday.com/story/money/personalfinance/real-estate/2023/03/03/apartment-rents-fall-nationwide-where-they-going-down-most/11389661002/