Rents across the U.S. declined in August for the first time since December 2020, amid new apartment construction and weaker consumer sentiment WSJWhatsNow
Nationwide, rents declined on a monthly basis in August amid new apartment construction and weaker consumer sentiment
Economists have long said that renting and investing in the stock market is a better investment than owning a house, and in 2022 that could be especially true. WSJ’s Dion Rabouin explains. Photo illustration: Elizabeth Smelovacross the U.S. for the first time in nearly two years, offering the prospect of relief to millions of tenants who have seen steep increases during the pandemic.
August apartment asking rents nationally fell 0.1% from July, according to a report from property data company CoStar Group. It was the first monthly decline in rent since December 2020, the company said.
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