U.S. Rents Turn Slightly Negative | https://www.michelemovesmountains.com

In Late-Q3, US apartment rents edged ↓~0.1% MoM to $1,752, while Mid-Q3 was revised flat at $1,753 after an earlier slight decline estimate.
Yearly rent growth accelerated to ~1.5% in Late-Q3 from ~1.3% in Mid-Q3, showing firmer pricing even as the typical fall slowdown returned nationally.
Elevated supply remained a national constraint on rent momentum, though the inventory overhang was gradually easing as the summer leasing season concluded.