Rents fall at their sharpest rate in years
Two consecutive months of declines bode well for inflation
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.
