Industry Experts Provide Insight on SFR Markets, Inflationary Pressures

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“Demand is weakening on purchase loan applications by about 20%, and new construction is dropping in price as well as existing leases —these are the numbers that really make a difference,” said Tesch. “That’s the reality; we’ve seen numbers way ahead of the norm, which would lead all of us to believe that going into November, we’ve got more price reductions coming.”