Clickbait headlines or are you worried?

[Carrie Matuga]

According to Redfin, In the West, the median asking rent dropped 1.1% year-over-year to $2,469 in August. In the South, the median asking rent fell 0.3% to $1,673. However, the median asking rent rose 4.6% over the same period in the Midwest and 1.2% in the Northeast to $1,434 and $2,509, respectively... 

[Scott Trench]

No news to me on these points. And, the pressure will continue to crank on rental operators in the south and west. Historic amount of supply is currently under construction in those regions (obviously, sub-regions and individual cities will be impacted differently). 

This is a huge pressure cooker for multifamily operators in particular in the South and West, as everything is working against them. High and rising interest rates, falling rents, tons of new construction coming online, and rising costs for labor, insurance, taxes, etc.