Apartment rents soar 5% in 4th Quarter; vacancies decline back to generational low

This morning's release on the apartment vacancy rate and median asking rents was a true "Holy Cr*p!" moment.  To cut to the chase, the median asking rent for an apartment in the US jumped by over 5% in the 4th Quarter alone!  YoY the increase is about 7%.  Here's the graph showing the damage:  

 

 

 

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