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Rents Still Increasing Sharply Year-over-year

by Calculated Risk on 2/01/2022 01:10:00 PM

Today, in the Calculated Risk Real Estate Newsletter: Rents Still Increasing Sharply Year-over-year

A brief excerpt:

Here is a graph of the year-over-year (YoY) change for these measures since January 2015. All of these measures are through December 2021 (Apartment List through January 2022).

The Zillow measure is up 13.9% YoY in December, up from 13.2% YoY in November. And the ApartmentList measure is up 17.8% as of December, down slightly from 17.9% in November.

Clearly rents are still increasing, and we should expect this to continue to spill over into measures of inflation in 2022. The Owners’ Equivalent Rent (OER) was up 3.8% YoY in December, from 3.5% YoY in November – and will likely increase further in the coming months.

There is much more in the article. You can subscribe at https://calculatedrisk.substack.com/

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