Renters Hit Breaking Point in a Sudden Reversal for Landlords

After a record surge in housing costs and ballooning expenses for everything from food to energy, America’s renters have had enough. 

Rent gains are finally starting to slow in many parts of the US, cooling a years-long boom that sapped affordability from coast to coast. Landlords have little choice but to ease off big increases: Demand from tenants is suddenly sinking.