After skyrocketing during the pandemic, rent prices are beginning to come back down.
Why it matters: Raleigh renters might catch a break this year. (You read that right.)
- Raleigh rent was down for both average and upper crust apartments at the end of 2023.
Driving the news: Apartment construction hit record highs across the country in the past year — but Raleigh’s stood out nationally for how much supply was coming on the market.
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