Catalog / Macro & Inflation Nowcast / Data feed
Macro & Inflation Nowcast · monthly ban:none tA

Zillow Observed Rent Index (ZORI) delta

Month-over-month % change in ZORI smoothed, seasonally adjusted, by metro

Feed detail
Measures
Month-over-month % change in ZORI smoothed, seasonally adjusted, by metro
Source
Zillow Research published CSV downloads (zillow.com/research/data)
Access
csv
Cadence
monthlyupdates roughly monthly
Thesis
Asking rents lead OER/rent-of-shelter CPI by roughly 12-18 months due to lease-renewal lag baked into the BLS methodology; ZORI is the cleanest public leading proxy
Maps to
CPI Shelter / OER component, multifamily REITs
Crowdedness
contested
Tier
tA
Ban-risk
ban:none
Where this stands

This is a catalogued data feed with a research idea attached, not a validated edge. Being listed here means it has a specific source and a one-sentence causal mechanism mapped to what it should move — it doesn’t mean it has cleared the five-stage validation gate (point-in-time hygiene, out-of-sample holdout, multiple-testing correction, and the portfolio-layer backstop). As of today, every score on this site is prior-only; zero signals in the catalog have been promoted to “measured” status. See the methodology page for the full validation process and current counts.

Browse the rest of Macro & Inflation NowcastHigh-frequency price and activity series that nowcast CPI, GDP, and other macro prints before the official release.