Rent prices are still at an all-time high for many tenants, but data shows asking rent prices have begun to slow.
There are three factors that could lead to inflation which include demand-pull inflation, cost-push inflation and built-in inflation.
In the past year, home prices have soared in the U.S. alongside mortgage rates, keeping many home hunters on the sidelines. Non-homeowners have felt the pinch because of inflated rent prices, deepening America’s economic problems amidIn the 50 largest metro areas, median rent rose an astounding 19.3% from December 2020 to December 2021, according to aRents are still at an all-time high in the U.S. but data shows asking rent prices have been consistently slowing for the past several weeks.
This could signal an ending in sight to the massive rent hikes tenants across the country have been seeing.
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