For the first time this year, a slower pace of rent growth that more closely resembles historical norms is being reported in November by Zumper's National Rent Index.
While it's just one month of data, there are plenty of reasons to think rent growth is beginning to normalize, Zumper said.
"Rent tends to move in a seasonal pattern, where rent is generally up in the spring and summer, and then generally drops in the late fall and winter. This tracks with when people tend to move; the more people moving, the more landlords can charge in rent."
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