I suspect the rent moratorium spooked most small time owners from rentingtheir properties, so they sold and cashed out. Ideally those homes would have been sold

I suspect the rent moratorium spooked most small time owners from rentingtheir properties, so they sold and cashed out. Ideally those homes would have been sold to new owners, but it turns out big property management companies were waiting, flush with new COVID cash, and bought up those properties and increased rent. So we saw the markets percentage of home ownership go down, and rent go up.