In recent reports, markets in the Northeast and Midwest have experienced rent increases, contrasting with rent declines observed in the “high-supply Sun Belt markets.” This shift in rental trends indicates varying levels of demand and supply across different regions of the country.

Key points from the report include:
– Rent increases in Northeast and Midwest markets
– Rent declines in high-supply Sun Belt markets
– Overall average asking rents up by $1 in February, according to Yardi data

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