Showing posts with label Apartment Rents Fall. Show all posts
Showing posts with label Apartment Rents Fall. Show all posts

Monday, February 27, 2023

Time to renegotiate your overly high rent | Apartment Rents Fall as Crush of New Supply Hits Market

Apartment Rents Fall as Crush of New Supply Hits Market

Snippet of Article: "Declines signal tenants may be maxed-out on how much income they can devote to rent...Apartment rents fell in every major metropolitan area in the U.S. over the past six months through January, a trend that is poised to continue as the biggest delivery of new apartments in nearly four decades is slated for this year. Renters with new leases in January paid a median rent that was 3.5% lower than they would have paid last August, according to estimates from listing website Apartment List. It was the first time in five years that rent fell every month over a six-month period, according to the same estimates. ..."

Source: Wall Street Journal

Overbuilt Apartment Market,Apartment Rents Fall, Rent vs Buy,