It is starting but it will only get worse.
Americans are paying more to rent homes again, reports The Wall Street Journal, ending a stretch during the pandemic when they enjoyed flat or falling rental prices and widespread landlord concessions.
Median asking rent rose 1.1% on an annual basis in March to $1,463 a month across the country’s 50 largest markets, according to a report from Realtor.com. That marked the first month where the pace of rent growth had increased since last summer, the report showed.
The mad money printing by the Federal Reserve is hitting the streets after blowing the stock market through the roof. That's how these types of inflation move.
But, I repeat, it is only the beginning.
-RW
No comments:
Post a Comment