Article Image

IPFS News Link • Housing

Rents Are Plunging In These Major U.S. Cities

• Activist Post

...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 by a significant influx of new units hitting the market, with additional developments expected.