CPI Report Shows the True Power of Rent Growth

Stock markets fell after the latest CPI report showed higher-then-expected inflation, but the nominal increase—0.1% month-over-month—is relatively low. More significantly, the CPI shows that rental housing has become one of the most powerful drivers of inflation. Notably, market rate apartment rents remain below the 30% unaffordability threshold, and elevated mortgage rates have kept rental housing as a more affordable option than buying a home, suggesting that there may be room for further growth. For the latest multifamily news from across the internet, check out the Gray Report website: https://www.grayreport.com/  Sign up for our free multifamily newsletter here: https://www.graycapitalllc.com/newsletter/  DISCLAIMERS: This podcast does not constitute professional financial advice and is for educational/entertainment purposes only. This podcast is not an offer to invest.