Why Are Housing Prices Up, and Rents Down?
The Atlantic In America’s largest, richest cities, home prices and rents are going in opposite directions. March 5, 2021 Joe Munroe / Hulton Archive / Getty / The Atlantic If you think the U.S. housing market is behaving very, very strangely these days, that probably means you’re paying attention. In almost any other year, a weak economy would cripple housing. But the flash-freeze recession of 2020 corresponded with a real-estate boom, led by high-end purchases in suburbs and small towns. Even stranger, in America’s big metros, home prices and rents are going in opposite directions. Hom...
Source: theatlantic.com