White House spokeswoman Karoline Leavitt touted the nationwide decline in rents amid President Trump’s crackdown on illegal migration and before the November midterm elections.
“Apartment rents just dropped to the lowest level in 4 years,” Leavitt posted on her X account.
“The national median rent in January was $1,353, a drop of 1.4 percent compared with one year ago,” CNBC.com reported January 29. It is reportedly “the lowest January rent since 2022 [and] rents are now 6.2 percent lower than their last peak in the summer of 2022.”
The White House released a statement celebrating the drop in rents nationwide and crediting Trump’s “comprehensive approach to housing — increasing supply, reducing bureaucratic barriers, and empowering builders to meet demand” [emphasis original], citing positive
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