Even while it's cooling, the single-family rental market remains hot.
That's the word from the John Burns Real Estate Consulting (JBREC) and The National Rental Home Council (NRHC), which released its numbers from Q2 2021, showing rent growth accelerated in 2Q21, driven by still strong demand and tight supply.
The overall Single-Family Rental Market Index cooled slightly to 84 in 2Q21, down from an all-time high of 90 in 1Q21. While down sequentially, the index is still sharply higher year over year (YOY) from 76 in 2Q20.
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