195: What Happens to Rent Prices When 1,000,000 New Units Come Online in 2024? w/Chris Salviati
Rent prices peaked in 2022 after a double-digit percentage run-up. Due to more household formation, disposable income, and remote work availability, Americans were doing whatever they could to upgrade their housing to bigger, better, and often more expensive options. But, after interest rates shot up, the economy began to cool, and work-from-home became a not-so-sure thing, Americans became more budget-conscious. As a result, vacancies rose, and rent prices began to fall. So, how close are we to seeing rent growth return?
Apartment List’s senior housing economist, Chris Salviati, joins us to…
The skinny
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