This is a narration of our weekly Rent and Operating Trends Report. Inflationary pressures remain throughout the economy; however, a welcome sight may be emerging as oil prices appear to have stabilized around $100 per barrel. While the cost of a barrel of oil remains elevated above long-term trends, the current price reflects a decline from its peak in recent months. For the past 4 weeks, oil has remained range bound between $95 and $110 per barrel. Tune in to find out more information on multifamily dynamics during the week of July 24.
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