US apartment rents nearly flat in July despite eight-month gains
Rents fell -0.4% in the South and dropped -1.0% in the Mountain region, where new supply additions have outpaced demand absorption, according to Apartments.com. At the metro level, San Francisco recorded the strongest monthly gain among major markets at +0.59%, followed by San Jose at +0.39%, and led all metros annually with +10.9% year-over-year growth, reflecting…