Rental Rates are Trending Down
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Nationwide, rents are trending down. One of the hallmarks of a recession is people doubling up on their housing, whether it be roommates or moving back in with parents. With supply increasing, rents start heading down.
We are in a summer-happy area. And we are also reducing prices in our vacancies at this moment. I expect strengthening demand next year.
Below is a relevant article:
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