Tldr large outlier in owner equivalent rent, which weighs heavily in the headline number, plunged in September. It increased by 0.13% while in the previous month it rose by 0.38%. It hasn’t been this low since about 2020.
DogBalls6689 on
Seems like a lot of weird economic lights are flashing and the people who know this stuff the best are afraid to speak up in case they lose their jobs by going against the GOP narrative that “the economy is amazing and everything is getting cheaper”, when we know that’s a lie.
Low-Award5523 on
Well cities near me are talking about big real estate tax increases, so from my vantage this will likely be rising. Hard to believe insurance prices have gone down.
SamanthaLives on
Does anyone have plausible ideas for why this may have happened, giving the data the benefit of the doubt? My best guess is that it’s because selling prices have cooled ever so slightly in some markets, but taxes and insurance seem to be up everywhere so this seems really strange to me.
4 Comments
Tldr large outlier in owner equivalent rent, which weighs heavily in the headline number, plunged in September. It increased by 0.13% while in the previous month it rose by 0.38%. It hasn’t been this low since about 2020.
Seems like a lot of weird economic lights are flashing and the people who know this stuff the best are afraid to speak up in case they lose their jobs by going against the GOP narrative that “the economy is amazing and everything is getting cheaper”, when we know that’s a lie.
Well cities near me are talking about big real estate tax increases, so from my vantage this will likely be rising. Hard to believe insurance prices have gone down.
Does anyone have plausible ideas for why this may have happened, giving the data the benefit of the doubt? My best guess is that it’s because selling prices have cooled ever so slightly in some markets, but taxes and insurance seem to be up everywhere so this seems really strange to me.