The fall in house prices will probably not affect the prices of rental units. The cost of acquiring a home should be roughly the same, considering an increase in interest rates.
Rental prices might fall if people are forced to sell their houses at lower prices. In my area, people buy houses on 30-year mortgages with variable rates and require an in-law suite to finance it partially. The margins are so thin that I encountered people who had to sell their homes because of increased property taxes.
Rental prices might fall if people are forced to sell their houses at lower prices. In my area, people buy houses on 30-year mortgages with variable rates and require an in-law suite to finance it partially. The margins are so thin that I encountered people who had to sell their homes because of increased property taxes.