Asking Rents Are Falling in Major Metros Across the U.S.

The amount a Property Manager or Landlord asks for rent has decreased year over year from April 2023 to April 2024. Metros in the Sunbelt have seen some of the biggest declines although a city not in the Sunbelt tops the overall list. I go over the top 10 metros and why the impact to the investment part of the housing market may continue to slow down until a few things change.