The U.S. rental market continues to transition following the initial outbreak of the pandemic.
The mass exodus from the expensive metropolitan cities in 2020, and people seeking larger spaces and more affordable monthly rents, caused an upheaval in the housing market. During that time, rental rates in traditionally expensive cities such as San Francisco, New York, and Boston drastically fell due to lack of demand barndominium.
Fast forward to April of 2021 and the housing market experienced another upheaval. As businesses began hybrid working and requiring a return to office at some level, people transitioned, again. Cities of all sizes were seeing increased demand and housing supply couldn’t keep up. The quick turn of events caused a major disruption for those relocating and seeking a rental in their new location.
Looking ahead to 2022, what should we expect in the U.S. rental market?
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