Rents are cooling, but nowhere more greatly than in the Sunbelt markets, according to today's Realtor.com's November Rental Report, along with other analysts.

"Rent increases have far exceeded normal growth patterns for nearly two years," Doug Ressler, business manager, Yardi Matrix, said. "The slowdown is in line with our forecasts going into the year."

The weakening of demand can be seen in declining occupancy rates, Ressler said.

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