The Fed Paused its key interest rate at at its current range between 5.25% and 5.50%. Meanwhile a rate hike is expected on Fed next meeting on Oct 31- Nov 1.Officials cut forecasts for 2024 rate cuts, suggesting a "higher for longer" policy; benchmark rate above 5% by end of 2024....
Rent prices in the US ↑ 1.7% MoM in June and ↑ 3% since April. The median rent is $2,029, ↓ 1.8% than the peak in August 2022 but ↑ 5% from February 2023. The rental industry's slower pace of growth is attributed to new inventory....
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