Apartments and condos in Austin. | Jay Janner/The Austin American-Statesman via Getty Images
Here is one narrative violation in the usual drumbeat of doom that we’re used to hearing about housing in America: The rent, in many cities across the US, is getting cheaper.
After soaring to Covid-era highs, rents have cooled. Last month, the national median rent was down 1.7 percent from one year prior, according to research from the rental marketplace Apartment List. This made it the biggest annual decline since the company started tracking rent data in 2017.
One success story stands out...
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