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But we saved everything 🙂.
Jay Parsons reports that apartment rents increased by 1.2% quarter over quarter in Q2'26, marking the strongest growth for any second quarter in four years. He observes that this uptick is moving closer to pre-COVID seasonal trends.
Despite the recent increase, Parsons states the market remains favorable for renters in much of the country. He suggests that Q2'26 may eventually be viewed as an inflection point for the rental market.
Earlier this year, Parsons noted that balance and stability were returning to the U.S. apartment market, with steady rent growth year to date, according to his previous report. He also covered Brin’s sale of a stake in New York City rent stabilized apartments for six cents on the dollar, marking a significant loss as reported here. Both developments contributed to the ongoing assessment of conditions for renters and property owners.