Jacksonville and Raleigh See Steepest Rent Declines as Sun Belt Cools 

A dearth of multifamily development in some East Coast and Midwestern cities buoyed apartment rents in the third quarter, even as rent growth cooled across the Sun Belt and Southern metros. According to a new report from Redfin, rents rose by double digits in several cities in the Mid-Atlantic and Great Lakes regions, but declined in parts of the East Coast, California, and the Sun Belt. 

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