Following the normal seasonal pattern, U.S. apartment leasing activity has slowed from the frenzied pace recorded in the spring and summer months. In turn, rent growth levels are easing.
Effective asking rents for move-in leases climbed 0.6% during October, the slowest pace of growth recorded since February. At the peak seen in June and July, rents were rising more than 2% per month.
Read more...U.S. Apartment Monthly Rent Growth Slows in October via RealPage
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