The status of the rental market is buried beneath two seemingly different market indictor reports. However, after a little digging, a new Capital Economics report discovered the likely reason behind the two opposing indicators, noting things are not as bad as they appear.
Source: www.housingwire.com
A recent suggests the rental vacancy rate is currently overstating the true level of market tightness. The reason: A surge in the share of homes, which are vacant, but held off the market. Since the houses are not available to rent or buy, these homes are excluded from the rental vacancy rate calculation. While the numbers are inconclusive at this time, it is worth keeping an eye on to continue to gauge market tightness.