Rising Labor Cost
Increased Government Spending
Prolonged housing shortages all equal the main pressure points
Inflation is picking up and looks like it will increase over the next 18 months
a half of a percentage point jump in mortgage rates is about an extra $60 per month
Rents have exceeded 3% annually over the last 4 years
low unemployment and rising house costs up 3% over the last year
I believe this is why there is such a demand for rentals right now. Some people are getting priced out of the for sale market.
And lastly, lets talk about tax write offs.
America, what a Country