Rents Are Plunging In These Major U.S. Cities

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...