In the last two decades, Florida’s downturns in the rental market have seen 7% average rent declines.
These potential risks may not be covered by current property insurance, says Saul Ewing Arnstein & Lehr’s Louis P. Archambault
Rents fell in 16 major markets in March, leading to the biggest slowdown in 30 days since 2014. According to Zillow’s real estate market report, the slowest rent growth were in Baltimore, where it was only up .4 percent from last year, and New York, up 1.1 percent from last year.
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