U.S. Rent Prices Have The FED in a PICKLE | Hot Sheet 06/07/23
BAM Hot Sheet
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The Trends for Rent Prices in the Second Half of the Year
Rent prices are going to do nothing but go down in the second half of the year once we get out of this seasonality timeframe. Year over year growth, which peaked at 16.9% February of 2022 is now down to 4.8%. You can see the sharp decline there in the year over year, middle graph and month over month now we're at 0.6 for after dropping a couple of months ago. That suggests that overall leasing conditions are still somewhat cool for this time of year.
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