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Rents Drop Where Housing Builds | Real Estate News
Rents are falling across the country after 35 straight months of decline, but the relief isn’t evenly felt—cities building new apartments fastest, like Columbus and Orlando, are seeing the biggest drops, while places like New York and Boston, stuck with old regulations and few new permits, keep prices stubbornly high. It’s clear: supply matters more than rent control when it comes to cooling markets. Exceptions exist—San Jose’s AI-driven job surge keeps rents climbing despite new construction, while Memphis, with minimal permits, surprises with steep declines. Bottom line: where you live and…
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