MidnightMadness
Oct 31, 12:47 AM
$ABR Some things to ponder on the weekend: (1) The U.S. housing market has stalled as elevated mortgage rates price out prospective buyers, forcing them to stay in the rental market and driving national rents to a three-year high of
$1,932! (2) Higher financing costs, labor shortages, and material expenses have slowed down new apartment and multi-family construction, reducing the pipeline of available units. (3) Surging Rental Demand: Rental demand has jumped sharply in major metropolitan areas—such as San Jose (up 82.5%), San Francisco (up 66.9%), and Austin (up 49.3%)—giving landlords renewed pricing power. https://www.nytimes.com/2026/10/28/business/housing-market-rent-pressure.html
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