CP Lie: US Rents Soar, Housing Prices Up Enormously In Last Year While CPI Says Rent Up Only 2.4%

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Owners’ equivalent rent of residences, which makes up almost a quarter of the consumer price index, rose 2.4% in July from a year earlier versus reality where rents on newly signed leases surged 17% in July when compared to what the prior tenant paid, reaching the highest level on record, according to RealPage.

What Is Owners’ Equivalent Rent (OER)? www.investopedia.com/terms/o/…

Housing hunt turns to desperation with record rise in US rents www.theedgemarkets.com/articl…

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