New data suggests that rent prices have begun to relax as inventory picks up, providing people with many more options than before. At the beginning of this year, 54,000 new apartments were created while the demand required approximately 27,000. As the number of vacant apartments increase, landlords will be forced to lower their rent prices in order to keep their units occupied. Experts warn that not all markets are experiencing the same decrease in rent as supply differs in many locales. More here
