Rents Decline for Fourth Straight Month as Homebuying Costs Elevate

“Rents have registered steady declines for the past four months and, while they remain well above pre-pandemic levels, when you factor in the impact of record-high mortgage rates and high home prices, it’s understandable that many would-be homebuyers are choosing to remain on the sidelines,” said Danielle Hale, Chief Economist at Realtor.com.
Source: DS News