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The CPI Is Tracking All New Tenant Signs
Housing inflation is going to come down over the next year. We know that because, if you look at new tenant signs, so like the CPI is tracking all rentals in the United States. If you look at people who sign new leases, the prices are up between in the ballpark of four to six percent over last year. It would have a difference between what people are actually paying right now and what they would be paying if they got something new.