''The Apartment List vacancy index currently stands at 6.7%. This is the cross between a softening of historically low vacancies in 2021 and the influence of increased new inventory from heavy construction deliveries in 2023 and this year. Construction drove falling rents in Sun Belt markets. The Northeast and Midwest saw positive growth. The fastest year-over-year rent change cam in these five markets: Honolulu, HI (+6.0%); Louisville, KY (+5.5%); Cleveland, OH (+5.3%); Hartford, CT (+4.0%); and Milwaukee, WI (+3.7%). The least growth were in Austin, TX (-7.4%); Raleigh, NC (-4.4%); Atlanta, GA (-4.4%); Jacksonville, FL (-4.3%); and San Antonio, TX (-3.6%).'' https://lnkd.in/eXBny7Cu