Average U.S. Monthly Rents Fell in November

The latest Yardi Matrix is reporting that the average U.S. monthly rent dropped $2 in November to $1,214 – marking the 3rd consecutive month of decline.  According to the report “rent growth normally slows or reverses in the latter part of the year, as fewer people move during the holidays,” offering reassurance that “the multifamily market is in good shape going forward.”  Indeed….

Click here to read the full report at Yardi.com.