Rental prices for the 46 million Americans who rent their homes are finally reversing, and there’s speculation President Donald Trump’s border security and deportation policies are a driving factor. With over three million illegal aliens either voluntarily leaving the country or deported since President Trump took office according to the Department of Homeland Security, rental homes are freeing up for U.S. citizens across major metro areas.
According to the latest Apartment List National Rent Report released May 27, rental prices are down 1.5 percent nationally compared to one year ago. This is the lowest year over year rent increase since 2017. For comparison, the year over year rent growth in 2022 during the Biden Administration was 17.7 percent.
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