The 11 U.S. cities where rent prices fell the most in January (via CNBCMakeIt)
Housing formation — a measure of how many households are created — has slowed, too,
. This means that fewer people are moving out on their own, such as young adults who live with their parents to save money.in the coming months as more rentals hit the market, which could put downward pressure on prices. "We're watching closely to see whether rents start falling year over year. That would be a welcome relief for renters because it hasn't happened since the onset of the pandemic," says Redfin chief economist Daryl Fairweather.
January rent prices for this study are based on 20,000 apartment listings from Rent.com for the 50 largest metro areas in the country.
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