The for-rent housing market is starting to come back down, with growth as rents dropping in newest months.
“After 4 quarters of present additions outpacing demand, the market is shifting with nationwide asking rents declining over the past 90 days by 0.4%,” Jay Lybik, Nationwide Director of Multifamily Analytics, CoStar Group, acknowledged in a press launch.
CoStar Group Inc., by its Flats.com platform, found rents declined 0.4% between August and September as a result of the US median rental value declined from $1.641 in August to $1.634 closing month.
