Rental Costs on the Rise Amid Diminished Supply, by Martin Armstrong, 23 Dec 2021
Demand for rentals in the US is increasing at an alarming pace. Single-family rentals rose 10.9% in October year-over-year, according to a report by CoreLogic. There are simply not enough rental properties available to meet demand. Vacancy rates are at a 25-year low as those priced out of the buyer’s market search for housing.