Platform enables residents to discover, apply for, and move into their new home in as little as three hours.

High supply, which has always contributed to apartment cyclicality, will be a factor for single-family rental cyclicality as well.

Asking rents hit an average of $986, while the national vacancy rate declined by 0.1% in the second quarter to reach 2.5%.

Fitch's downside scenario assumes a cumulative 15% decline in property-level net cash flow.

Some experts say it's too early to fret.

Rising transportation costs is also helping to fuel record US warehouse leasing pace; third party logistics companies double their leasing activity.

US single-family rents up 8.5% year-over-year in July; Phoenix, Miami, Las Vegas are top-performing markets; Boston slips.

Supporting high volumes requires brick-and-mortar locations to accommodate a range of distribution and fulfillment options.