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Rents Are Plunging In These Major U.S. Cities

Posted on AllSides May 24th, 2024
From The Right

Rents Are Plunging In These Major U.S. Cities As everybody knows, during the early phase of the pandemic, both single-family and multifamily rental prices surged, fueled by the shift to remote work and changing migration trends - not the least of which was getting the hell out of the city by any means necessary... But, as CNBC/NBC now notes, the dynamics affecting rental prices have since shifted. Multifamily rents in April dropped by 0.8% compared to the same month last year, according to Apartment List data. This decline was triggered...

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