Rents have declined only once - and then only at (0.1)% - yet economists keep predicting it will happen to cool inflation.

  • Rents in August were just 0.28% higher than August 2022, according to RealPage.
  • Compare that to a year ago, when rents were posting 11% annual growth.
  • The number of new units being built is at a 50-year high, with more than 460,000 being completed this year alone.

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