If you need assistance, please call 702-476-0060

Rents Post Biggest Increase Since 2006

Tuesday, October 19, 2021   /   by Ken Couture

Rents Post Biggest Increase Since 2006

Rents Post Biggest Increase Since 2006.png
Demand is surging for rental units and that is pushing up prices. The amount homeowners could receive from renting their home increased by 0.4%, which may seem small but is the largest one-month increase since 2006, according to the latest Consumer Price Index. Rents of primary residences jumped by 0.5%, the largest one-month increase since 2001.
“This might just be an overshoot after a couple of relatively modest increases, but we can’t rule out the idea that the fundamentals—rapid house price gains, more aggressive landlord pricing, low inventory, and faster wage growth—are pushing up the trend,” Ian Shepherdson, chief economist at Pantheon Macroeconomics, told MarketWatch.
The end of the eviction moratorium in September may also have put pressure on rents to rise, housing analysts say. Home prices also have been on the rise as demand surges in the pandemic for housing. Real house prices have been increasing about 100 times faster than they did from 1955 to 1998, MarketWatch reports.
Also, demand for urban housing is recovering after last year’s exodus to the suburbs, says Will Compernolle, senior economist at FHN Financial Markets.
Housing prices are expected to continue to rise, analysts say.
“The rising cost of shelter, which is a significant component of overall inflation, is a result of higher construction costs and insufficient inventory,” Robert Dietz, chief economist for the National Association of Home Builders, told MarketWatch.

Follow us on:

FB: Ken Couture Realty Your Home Sold Guaranteed

IG: @kencouturerealtylv

Twitter: Ken Couture

Pinterest: Ken Couture

LinkedIn: Ken Couture Your Home Sold Guaranteed


Contact us at:



Your Home Sold Guaranteed Realty
Ken Couture
8367 W Flamingo Rd Suite 101
Las Vegas, NV 89147

UP5DB701E1507748.jpgThe data relating to real estate for sale on this web site comes in part from the INTERNET DATA EXCHANGE Program of the Greater Las Vegas Association of REALTORS® MLS. Real estate listings held by brokerage firms other than this site owner are marked with the IDX logo. The information being provided is for the consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. GLVAR MLS deems information reliable but not guaranteed. Copyright 2022 of the Greater Las Vegas Association of REALTORS® MLS. All rights reserved.
This site powered by CINC: www.cincpro.com