Replies to post #996 on Inflation Nation

[Pro-Life]

Average US Rent Hits All Time High Of $1,412; Biggest Increase In 18 Months
by Tyler Durden - Tue, 09/04/2018 - 18:15

https://www.zerohedge.com/news/2018-09-02/average-us-rent-hits-all-time-high-1412-biggest-increase-18-months

According to RentCafe, much of the change in rent prices we see this year is driven by how much demand there is in a specific area and what that area does to deal with it. However, the underlying factors are more complex. The housing market continues to change as a result of the 2007 subprime crisis, according to Doug Ressler, Director of Business Intelligence at Yardi Matrix. Furthermore, markets are undergoing a significant change driven by dramatically different demographic trends. Trends vary by market and will be impacted by population aging, population growth, immigration and home ownership trends, says Ressler.

Naturally, they will also be impacted by the state of the economy, the Fed's monetary policy and the level of the capital markets.

However, should the current rental surge continue, the Fed will have no choice but to hike rates far higher than the general market consensus expects, especially following Powell's "dovish" Jackson Hole speech.

Tons of charts at the link above...