Ep. 27 : The Changing Dynamic of the Housing Market - John Burns - Founder & CEO of JBREC
The Distribution by Juniper Square
The Softening Rental Market and the Challenge of Limited Job Growth
The rental market is softening, with year over year rents declining, particularly visible in the single-family and multi-family housing sectors. This decline is sub-market specific and can be linked to new supply entering the market. Despite strong job growth reported in the labor market, there is a challenge due to a low unemployment rate, indicating a scarcity in available workers. The situation may lead to a slow job market unless there is a significant influx of immigrants to fill the employment gap, which poses a challenge due to existing laws and regulations.
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