Home prices will weaken as rising rental supply creates more competition in the housing market, top economist says

Home prices will weaken as rising rental supply creates more competition in the housing market, top economist says

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None New supply is bringing down rents, which should help weaken home prices as well, he told CNBC. Growing rental inventory is bringing down rent prices, which should help weaken home prices too, Moody's Analytics chief economist Mark Zandi told CNBC on Monday. The trend is especially evident…

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