Rental rates across the country have been climbing for years now, but new data indicates that the trend could be cooling – at least in some major hot spots around the country.
Yardi Matrix data indicates that average apartment rents in the U.S. increased by just six dollars this past March, putting the national average monthly rent at $1,312.
Apartment rents are different from single family rents, and real estate is a highly localized type of investment. Even so, this national trend can be construed as a sign that a market shift or, at least a leveling-off, could be heading our way.
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