Here’s a chart from via The Big Picture about increasing rental costs vs. home costs in US cities. Check out MSP on the list:
According to Ritholtz, “Rental costs are increasing faster than home values for the first time since 2012.”
But here in the Twin Cities, things are different. If we have a tight rental market, as I hear repeatedly, why is MSP one of the only places where rental costs have gone down? Is this a one-year anomaly?