Is the Rental Market Softening?

Rental Housing Economist Jay Parsons @jayparsons put out a tweet recently that explains why we should not just be looking at asking rents but in-place rents as well. What is the data telling us about the rental market? I go over the national rental market, discuss the hottest and coldest rental markets in the U.S. and explain why this is very important factor in determining the future of interest rates.