Sun Belt markets experienced notable decreases in median rents, with Austin leading at -12.4%, followed by Tampa at -11.3% and Raleigh at -8.4%. This trend indicates a significant shift in the rental market in these areas.
Key points:
– Austin, Tampa, and Raleigh saw the largest declines in median rents
– Rental market in Sun Belt markets experiencing a downward trend
– Overall, asking rents have fallen to their lowest level since March 2022, pointing towards potential shifts in the real estate market.
– For more information, you can read the full article “Asking Rents Fall to Lowest Level Since March 2022” on Weekly Real Estate News website.
You can read this full article at: https://wrenews.com/asking-rents-fall-to-lowest-level-since-march-2022/
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