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(ZEROHEDGE) – The latest real-time rent data from the property research firm CoStar Group shows apartment rents in the US are fading from record highs for the first time in almost two years, according to WSJ.
CoStar said national US rents in August fell .1% from July. It was the first monthly drop since December 2020 -- a sign rents may have finally peaked. Two other property research firms, Rent.com and Realtor.com, recorded slight monthly rent declines last month.
Monthly rent declines are still minuscule compared with the 23% increase since August 2020, according to Realtor.com.
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