A few years ago a MF boom started (that is still going), and I realized my older units in cut up old victorians weren't going to cut it against new supply.

That's true of every market now, I suppose, with interest rates and supply problems, until either prices go down or rents go up.

This thesis statement was driven by the collective understanding that there are significant rental inventory supply issues in most markets in the country.

Market Supply remains relatively flat matching listing inventory indicating a stable buyer’s pool.

Market Supply indicates that buyer activity remains constant as the supply tracks the listing inventory near 1 for 1.

The buyer market remains consistent since the Market Supply metric tracks the Listing Inventory numbers.

This swing in inventory vs sales shows an increase in overall Market Supply.

Most of Reno is in high demand because of such low supply and new construction is limited by the surrounding mountains.

Not sure if higher purchase prices/rates have created this boom or if it's that all the new supply of rentals in Chicago is aimed at top end luxury *$3000 1br type builds etc. but rents have shot up on the north side.

Reno / Tahoe is not building out much because of the geography creating a supply issue over the next 2-5 years, there is strong tech, manufacturing (Tesla), and logistical job growth.