Source: Starit Times

It is likely that home prices and rental rates will continue to rise due to increasing construction costs. Factors such as the cost of labor and materials, as well as land and zoning regulations, can all contribute to higher construction costs. This can make it more expensive for builders to create new housing, which can in turn lead to higher prices for buyers and renters. Additionally, there may be a shortage of affordable housing in some areas, which can also drive prices higher.