Year-over-year Pace of Rent Increases Continues to Slow

Expect YoY Rents to Slow Further in Coming Months

The rental market is changing rapidly. This index from the National Multifamily Housing Council (NMHC) has been an excellent leading indicator for rents and vacancy rates, and this suggests higher vacancy rates and slower rent growth in the coming months.

From the NMHC: Apartment Market Softens, Sales Put on Hold Amidst Rising Rates and Economic Uncerta…