Rental Appreciation Already Peaked According to New CoreLogic Index

http://www.mortgagenewsdaily.com/08042016_corelogic_rental_index.asp

`Khater, writing in the CoreLogic Insights Blog, says that the index shows that rent growth has softened during the last 18 months from the 4.6 percent year-over-year growth reached in December 2014.  As of May, single-family rents were up 3.3 percent over the prior 12 months, a 1.2 percentage point deceleration since that 2014 peak.'' -- The article includes a nice chart breaking the market into 3 tiers, which shows that the slowdown started in 2013 at the high end, 2014 in the mid-tier and 2015 at the low end.