The Real Signal Midweek - Good News: Wages Outpace Rents

Dec 16, 2023

∙ Paid

Good News: Wages Outpace Rents

“Wage growth has now topped apartment rent growth for 12 consecutive months.

I'd expect that trend to continue through 2024 -- which would erase the rent>wage hump from 2021-22.

Wages > rents helps widen the rental demand funnel = win/win for renters and operators.”

Scott Choppin Note:

The notable part of this ratio is that it’…

Keep reading with a 7-day free trial

Subscribe to The Real Signal - Housing + Real Estate + Macro to keep reading this post and get 7 days of free access to the full post archives.