Economist discovers lagging variables. News at 11
According to the report, rents gained 0.4% in August from the previous month, slightly lower than July’s 0.5% increase. Meanwhile, owners’ equivalent rent was up 0.5% for the month, higher than July’s 0.4% rise. Owners’ equivalent rent is the estimated rent a homeowner would pay if they were renting their own property. “To see OER …