14 Cities Where Rent Will Decrease in 2016
Good news for renters: The Zillow Rent Forecast for December projects "a big slowdown in rents" over the course of 2016.
The bad news is that this slowdown isn't enough to negate rental affordability problems.
As Svenja Gudell, Zillow chief economist, says:
The slowdown in rental appreciation will provide some relief for renters who've been seeing their rents rise dramatically every single year for the past few years.
However, the situation remains tough on the ground: Rents are still rising, and renters are struggling to keep up.
