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Rent growth slows to the lowest level in 18 months

Por: CNBC Business November 17, 2022

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A Now Leasing sign is displayed in front of an apartment complex in Washington, DC, on January 24, 2022.Stefani Reynolds AFP Getty ImagesThe red-hot rental market is finally starting to cool off along with the rest of housing.Rents are still higher than they were a year ago, but the gains are shrinking, as landlords lose pricing power in the face of inflation.Rents in October rose 4.7% compared with October 2021, the slowest annual increase in... + full article



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