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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
US DATA
- Zillow asking rents fell -0.4% M/M in November in non-seasonally terms, the largest outright monthly decline in the seven-year history of the ZORI index.
- It equates to a seasonally adjusted increase of just 0.06% M/M as it cools notably from 1% pace over the summer and prior cycle highs of 2% last summer.
- That compares with a -1.0% M/M decline in ApartmentList non-seasonally adjusted data for Nov, also the largest outright decline in slightly shorter history.
- CPI measures of rents continue to heavily lag these asking rent measures whilst prior strength in renewed leases continues to feed through and could still take months to catch up, but nevertheless continued downward momentum in asking rents will be welcome relief to the Fed.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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