Year-over-year Rent Growth Continues to Decelerate

Expect YoY Rents to Slow Further

The rental market has changed significantly from 2021 and the first half of 2022.

First, a few brief excerpts from an article by Will Parker at the WSJ: Apartment Rents Fall as Crush of New Supply Hits Market

Apartment rents fell in every major metropolitan area in the U.S. over the past six months through January, a trend that is poised to continue as th…