Rental prices experienced a decline in December, providing renters some relief after a year of escalating costs, according to Danielle Hale, chief economist at This development reflects a broader trend of softening rental prices observed throughout 2023. The decrease in median asking rents is seen as a positive development for renters, potentially allowing them to allocate their financial resources more effectively.

Important elements:
– Softening rental prices offered renters relief in 2023
– December saw a decline in median asking rents
– Danielle Hale, chief economist at, highlighted this trend
– The decrease in rental prices is expected to benefit renters financially

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