WSJ: Rents Are Still Rising and Pumping Up Inflation
April 13, 2024 Inflation has been ubiquitous in all conversation related to the economy; it has now found itself in talks regarding rents. Shelter inflation – deemed by the government as its measure of home and apartment rents – rose 5.7% in March compared to the prior year. Although housing analysts believe that new apartment constructions will suppress asking rent growth, many Americans going through the process of maintaining a place to live are experiencing the opposite. These consequences are coming in the modality of extended retirement, less discretionary income, and protracting the opportunity of home ownership. https://www.wsj.com/real-estate/rising-rents-housing-inflation-24a439e2