Apartment asking rents are rising at a double-digit place in 35% of 390 metro areas, NAR reported.

At 0.6%, the pace is more tepid than last summer's eye-popping increases but still above pre-pandemic norms.

Trey Korhn and Vince Chillura of Valley Bank are seeing challenges to tight deadlines every day.

This jump reflects the largest annual increase since February 2020.