Even in a housing market that has slowed significantly due to rising mortgage rates, the supply of homes for sale is about half of what it was in 2019.
Finding an affordable place to live has been a challenge for Americans in numerous parts of the country over the last several years after the pandemic supercharged competition for properties and a longstanding supply shortage sent prices upward.
Housing is perhaps the most consequential category in the consumer price index, a key inflation barometer.
Investors looking for attractive returns in the U.S. housing market need look no further than workforce rental housing. A chronic shortage of housing in the country, exacerbated by onerous zoning, land use, and environmental regulations, labor shortages, and demographic shifts, has created a prime opportunity for investing in this segment.
For prospective tenants, rent prices feel higher than ever before. But if you compare the numbers to this time last year? They’re reportedly lower, based on new data from Rentometer.
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