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SHOCKING: Apartment demand goes negative | Mind Blowing Facts

Data: RealPage Market Analysis; Note: Negative demand means more renters moved out than moved in; Chart: Axios Visuals

The rental market is chilling out after an explosive run last year.

Why it matters: Soaring rent prices have been a major driver of inflation. This could be a sign that those price pressures are starting to ease — but it could take time before the consumer price index numbers reflect the shift.

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