Rents fall at their sharpest rate in years

Two consecutive months of declines bode well for inflation

(Source: @chris_salviati)

From Apartment List’s Chris Salviati:

October estimates are in the books, and our national index is down 0.7% MoM

This is the single largest MoM decline in the history of our index (starting in 2017)

Rents have now dipped for two straight months and are down 1.1% total since August

For more on rent inflation, read this.