Rents are Tumbling in 27 of the US’s Biggest Cities and Still Rising in 8
September 20, 2022
Article by: Alcynna Lloyd, Ben Winck, and Madison Hoff
- Rents fell 0.1% in August, snapping a 20-month streak of increases, according to Apartments.com.
- Prices fell in 27 of the 40 cities tracked by the firm, signaling the recent price surge is broadly easing.
- “We’re seeing a complete reversal of market conditions in just 12 months,” one analyst said.
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