Rent is falling across the U.S. for the first time since 2020

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Don't like ads? Go ad-free with TradeBriefs Premium Rent is falling across the U.S. for the first time since 2020    Renters across the U.S. are getting some relief as rental prices fall for the first time in two years.  A new study from real estate website Realtor.com shows the median rent nationwide fell 0.5% in May from a year ago, the first dip over the trailing 12 months since the pandemic erupted in 2020. "This is yet another sign that rental-driven inflation is likely behind us, even though we may not see this trend in official measures until next year," Realtor.com Chief Economist Danielle Hale said in a statement. "Although still modest, a decline in rents combined with cooling inflation and a still-strong job market is definitely welcome news for households." Continued here

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