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Rental Price Trends
During the mid 2000's many markets saw rapid home price appreciation while rents remained relatively stable by comparison. In the last few years we have seen some of the same rapid home price appreciation in many areas but this time rent appreciation is keeping pace with home price appreciation. Does this provide you confidence the market dynamics are more fundamentally sound in this cycle? What are thoughts about how much we can draw from historical charts comparing rental price trends with home price trends?