"September signaled a cooling off in the hot moving season as national one and two-bedroom rents both decreased on a monthly basis - a trend which we have not seen in the last five months," said Zumper CEO Anthemos Georgiades. This points to a return to pre-pandemic renting patterns.
"Rent has drifted downward along with interest rates, which the Federal Reserve slashed for the first time since early 2020, making buying a home more affordable," illustrating how market dynamics are influencing rent.
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