People have been shocked, reports Money, over jumps in heating bills. Unadjusted energy prices from January 2020 to January 2021 were up 27% according to the Bureau of Labor Statistics.

It could have been much worse; you could have been renting a single-family house in Miami. SFR rents were up 35.7% year over year as of December 2021, according to Core Logic.

The firm released its look at single-family annual rent growth for 2021. The average was 12%—a new record, the CoreLogic Single-Family Rent Index (SFRI) says, as the fastest year-over-year increase in 16 years.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM Digital Member, you’ll receive:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.