ilmscore | Rent Prices Finally Break 20-Month Slow-Growth Trend (New Update)

Rent Prices Finally Break 20-Month Slow-Growth Trend (New Update)

Published: 2024-06-21
Status: Analyzed

Predictions from this Video

Total: 5
Correct: 5
Incorrect: 0
Pending: 0
Prediction
Topic
Status
Fed interest rate cuts in 2024 will be significantly less than public expectations.
"now they're going to cut interest rates by far less than people hoped for in 2024"
Interest Rates
Correct
The summer 2024 rental market will return to pre-pandemic equilibrium levels for vacancy rates and median rent growth.
"this may be the first summer that looks like what we were used to before the pandemic We are starting to return to equilibrium across Ross both the vacancy rate and the median rent growth rate"
Rental Market
Correct
Long-term, rent growth will return to being slightly above CPI inflation, but not more than 4% above CPI.
"we will go back over time to rent still being slightly ahead of CPI but not 4% ahead of CPI"
Rent Growth & Inflation
Correct
The CPI's shelter component will experience downward pressure for the next 6 months (from June 2024) due to lease agreements signed in the preceding 6 months.
"there will be a downward pressure from rents that were leases signed in the last 6 months for the next 6 months of the CPI"
CPI (Shelter Component)
Correct
The current warming of rents will appear as an increase in the CPI's shelter component within 6 to 12 months (from June 2024).
"now we're seeing rents start to warm up again and so then once again you're saying well crap that's going to show up in the CPI in 6 to 12 months"
CPI (Shelter Component)
Correct