National average asking rents stopped growing last month, according to the latest Yardi Matrix Multifamily Report. The average U.S. asking rent decreased by $1 in August—the first month-over-month decline since June 2020—to $1,718. For the second month in a row, year-over-year growth slid more than a full percentage point to 10.9%.
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Multifamily Rent Growth Stalls in August via Multifamily Executive Magazine
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