Across 50 major metros, median listed rents ↓~2% yearly in Early-Q2, marking 33 consecutive mo of yearly rent easing for renters watching budgets. A construction boom from 2021 to ~2024 added rental supply, and that extra inventory is still shaping today's rent landscape across markets. Sun Belt markets felt this most: pandemic-era movers chased limited...
Miami-Dade County has doubled its investments in affordable and workforce housing projects since 3-yr ago. The increased investment aims to create a supply-demand equilibrium, leading to an expected drop in rents as the supply of apartments outpaces demand.The county has committed $260M to affordable housing projects, a significant ↑ from $128M in 3-yr....
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