In recent months, the dour outlook on the U.S. economy has begun to shift. Economic growth, consumer spending, and employment rates have remained strong despite widespread expectations of a recession in 2023. The Federal Reserve has begun to signal that interest rate cuts are on the horizon in 2024. And perhaps most importantly in consumers’ minds, the pace of inflation has been falling back to historically normal levels after reaching a peak in mid-2022.
One area where many Americans continue to struggle, however, is the cost of housing. Increased rents have been one of the persistent factors underlying the price increases of the last two years, as a major component in several common measures of inflation. With high home prices and mortgage interest rates pricing many would-be buyers out of the residential real estate market, rentals have been highly competitive.
The Gwinnett Daily Post is a daily newspaper published in Gwinnett County, Georgia, and serves as the county's legal organ. The newspaper is owned by Times-Journal Inc. and prints Wednesday and Sunday each week.