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Housing Market Takes a Turn for Renters (rom Newsweek)
Prices for new apartments plunged to begin the year as the supply of properties entered the market, giving renters more options and, in turn, reducing the cost of leasing a home, according to real estate platform Redfin.
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Rental prices are dropping amid an influx of newly completed properties started amid the heightened demand during the COVID pandemic that is now becoming available in the market. The increased supply is not being matched by demand, leading to a fall in prices.
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read more here: https://www.newsweek.com/housing-market-takes-turn-renters-1919713
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