It may not be the most widespread measure of housing prices, but if you want to follow a powerful driver, look at rents. Specifically, it’s the rents Americans pay on condos, apartments or houses that are about the same size, and share the same neighborhood as your ranch or colonial, that in the end determine what your house is worth. “If you look at the trend in rents to see where housing prices are headed, you’re looking at the right measure,” says Yale economist Robert Shiller.
Where’s housing headed? Follow rents
Most Popular Articles
Latest Articles
Acra CEO Keith Lind on staying the course amid choppy waters in non-QM
“It wasn’t pretty, I’m not gonna lie to you, but we got through it, and we ended up being profitable in 2022 and 2023.”
-
HUD walks back some proposed changes to HECM for Purchase program
-
Key housing markets are starting to buck national trends: Redfin
-
Median payment on purchase mortgage applications rises to $2,201: MBA
-
HUD, USDA reach accord on energy-efficiency standard for new construction
-
U.S. mortgage delinquency rates remain near historic lows: CoreLogic