1. PRICES WILL RISE DUE TO A LACK OF INVENTORY
This indicated the demand was, and still is, high, and the early-mid pandemic lower rental prices were in the past. The housing market was a different story for 2021 where home purchases resulted in bidding wars and sales going for more than their asking price. We can’t say if the pre-pandemic price rebound will have staying power in the rental market into the fall and winter months, but time will tell.