After years of rising housing costs, renters will see some relief in 2023 as supply rises and more tenant households stay put.

“Shifting supply and demand dynamics in 2023 will likely give renters the upper hand as they look to lease new units, tempering rent growth after a historic run-up in prices during the course of the pandemic,” reports Lynn Pollack in Globe St.
Despite record new inventory of multifamily units, experts expect that fewer renters will be trying to move, giving them more bargaining power, Pollack explains. “We’re on track to end 2022 with the weakest net apartment demand since 2009. Low consumer confidence and weak household formation tells us Americans are in ‘wait and see’ mode,” says Jay Parsons, Head of Economics and Industry Principals at RealPage.
According to ApartmentList, “This shift already appears to be underway, as evidenced by the recent declines in the national median rent. The factors that have driven that dip – namely, cooling demand colliding with rising inventory – are likely to persist into next year.” This is good news for renter households, particularly as pandemic-era eviction protection and rental assistance programs come to an end.
FULL STORY: Renters On Track To Have The Upper Hand In 2023

Trump Administration Could Effectively End Housing Voucher Program
Federal officials are eyeing major cuts to the Section 8 program that helps millions of low-income households pay rent.

Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.

Ken Jennings Launches Transit Web Series
The Jeopardy champ wants you to ride public transit.

Making Mobility More Inclusive
A new study highlights the challenges people with disabilities continue to face in navigating urban spaces.

Texas Bills Could Push More People Into Homelessness
A proposal to speed up the eviction process and a bill that would accelerate enforcement of an existing camping ban could make the state’s homelessness crisis worse, advocates say.

USGS Water Science Centers Targeted for Closure
If their work is suspended, states could lose a valuable resource for monitoring, understanding, and managing water resources.
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