"Apartment dwellers scored a small but much-needed win on the affordability front in September, with median rent dipping to $1,743, $10 less than August."
"This increase is roughly on par with what has occurred in overall consumer prices (up 22.7% in the 5 years ending September 2024) and pales in comparison to the 50.8% increase in median price-per-square-foot of for-sale home listings."
"The relative steadiness in rents should translate into slower shelter inflation in the months ahead, alleviating one of the biggest recent drivers of rising prices."
"Eight of the 10 real-estate markets with the largest year-over-year drops in rent last month were in the South, led by Nashville's 4.8% drop."
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