Heard a lot of people saying the rental market was going to get better/ keep going up, but now it's cooling down. What is causing it to cool down so much?

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Sorry I thought you meant rental property purchases not people renting. No idea why the rental market is slowing.

People are not willing to pay as much considering the current prices so the demand is slowing

Btw, which indicators do look at? Is it MoM? YoY?

Less people looking to move/upgrade space given a pending recession. And in many markets, winter.

Middle class is broke. If you thought 2007 was bad, it's even worse now with the overleveraged working class.

1. People moving back to live with their parents is the reason I can think of.
2. Investors have cashed out on their inventory.

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