Florida and Atlanta spotlight how new supply pushes down rent growth.

But the top of the market needs at least another 12 months to catch up.

High interest rates and big monthly mortgage payments are keeping build-to-rent popular.

More stable conditions expected by year-end will lead to investment activity.

The Midwest is the hottest apartment region with three of its markets among the top five.

Other reasons: wanting to live where social values align and taxes are lower.

Six consecutive monthly gains drove prices up 5% from last February.

Meanwhile deliveries are roaring ahead with the year expected to surge 51.1%.