A recent Business Insider report highlights a significant shift in the rental market:

📈 30% of rental listings now offer concessions - up from 24% a year ago. This includes perks like free rent months or parking.

🏗️ Why? A construction boom has increased tenant options, potentially signaling a stabilization in rent growth.

📊 This trend is not just isolated to rentals; homeowners are also increasingly offering concessions due to high mortgage rates and elevated home prices.

🔍 Insight: While the increase in construction is a positive step towards addressing the housing supply crunch, it's yet to significantly lower rent levels.

🤔 As we navigate these changes, what strategies are you employing to adapt to this evolving landscape?