Cost Seg Capital

According to Yardi Matrix, national average asking rents rose by $5 to $1,736 in April, a minimal 0.9% YoY increase. Despite an onslaught of new supply, demand held firm, fueled by a strong labor market and unaffordable for-sale housing.

A Federal Reserve rate cut in September and another in December looks like a nearly sure thing after last week's consumer price index and producer price index data. The S&P 500 climbed in Friday afternoon trading after PPI inflation overshot estimates but looked benign below the surface.

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