This is a narration of our weekly Rent and Operating Trends Report.

The U.S. economy had a surprisingly strong 2023, as prognosticators initially forecast a high chance of recession at the beginning of the year. Instead, equity indices performed very well, with the S&P 500 rising 24%, job growth continued its steady expansion, and economic growth outperformed nearly all expectations. A key driver through it all was the consistent decline in prices as inflation returned to the 2-3% range by the end of the year...

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