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Conditions tighten in homeowner and rental markets

The second quarter Housing Vacancies and Homeownership survey showed market conditions tightening in both the homeowner and rental markets, with vacancy rates at 56-year and 37-year lows respectively. In the homeowner market that will act to constrain sales and support house prices. While in the rental market the lack of supply will help rental growth to recover quickly from its COVID-related dip.

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