The run of 20 consecutive months of apartment rent growth has ended, according to a report this week from Apartments.com – a CoStar Group company.

It went as far as saying in its release that this "paints the most striking picture of the deteriorating rental market."

Its August 2022 trends report stated that "the market finally witnessed negative asking rent growth on a monthly sequential basis from July to August, with rents down 0.1% in July."

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