Cooling in the Housing Market Reaches Rental Pricing

In a report from Apartment List Research Team, the national average of rents fell for the third consecutive month, this time by 1% which represents the largest decrease in one month since 2017. Builders are adding supply while inflationary impacts also have more people living with family and roommates, easing demand somewhat and leading landlords to rein in on rental rate hikes. Rents are a key cost tracked by the Federal Reserve.

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