This is usually the time of year when monthly rent growth starts to peak. But this summer hits different.
According to the latest data from ApartmentList, the majority of metro-area cities—nearly two-thirds—reported slow (less than 1 percent) or flat (0.5 to -0.5 percent) month-over-month rent growth in June—good news for local renters after almost a decade of painfully high annual summertime price hikes.
Last month’s sluggishness is especially notable, because it all but seals the deal on a slow growth summer, which should make annual rent increases a teensy bit easier to stomach. It could provide some renters with the upper hand to negotiate, especially in areas with newly
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