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The number of households that are homeowners in the U.S. has fallen, ever so slightly, by 0.1% year on year. Still, today’s homeownership rate of 65% is par for the course.
In Monday’s Consumer Price Index report, rent prices rose 8.7% year-over-year in May. That sounds like a lot, but here’s why that number isn’t a reliable indicator of where rental prices are headed.