Rent expected to drop in several US cities as markets near ‘oversupply’: real estate report
Written by Black Hot Fire Network on December 17, 2023
(NEXSTAR) – Renters may finally catch a break next year.
Of the 100 cities analyzed in Zumper’s Annual Rent Report, which was released this week, 55 have seen rent prices drop since last year. An additional 17 are flat year-over-year.
The report predicts rent prices will keep “softening,” at least through the first half of 2024.
Part of the reason for dropping prices, according to Zumper, is a recent . . .
