by Wolf Richter
Large-scale shifts triggered by work-from-home, staggering unemployment crisis, and oil-and-gas bust. Rents respond in real time.
Rental markets in the US are shifting in a massive way, with some of the most expensive cities, cities across the oil patch, college-focused cities, and tech and education hubs such as Boston booking sharp year-over-year rent declines. But 60 of the top 100 rental markets booked rent increases, and 23 of them booked double-digit increases.