US Rents Fall First Time Since Pandemic

There's good news for America's legions of renters who, thanks to the pandemic housing frenzy and, ironically, the policy actions taken to extinguish it, have seen the dream of homeownership drift even further out of reach. Rents are now falling on a YoY basis, which presumably means one could shop around for a better deal instead of renewing an existing lease, depending on locale. According to Redfin, the median asking rent in March fell to a 13-month low of $1,937, down 0.4% from the same mo