by Calculated Risk on 12/02/2021 02:12:00 PM

Today, in the Real Estate Newsletter: Rents Still Increasing Sharply Rent increases slowing seasonally

Excerpt:

The Zillow measure is up 11.2% YoY in October, up from 10.3% YoY in September. And the ApartmentList measure is up 17.7% as of November, up from 16.9% in October. Both the Zillow measure (a repeat rent index), and ApartmentList are showing a sharp increase in rents.
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Clearly rents are increasing sharply, and we should expect this to spill over into measures of inflation in 2022. The Owners’ Equivalent Rent (OER) was up 3.1% YoY in October, from 2.9% in September - and will increase further in the coming months.