1. In News Corp’s WSJ pre-market Monday:

    >[**Rents Drop for First Time in Two Years After Climbing to Records**](https://www.wsj.com/articles/rents-drop-for-first-time-in-two-years-after-climbing-to-records-11664135107)

    >*Nationwide, rents declined on a monthly basis in August amid new apartment construction and weaker consumer sentiment*

    >Will Parker — Sept. 26, 2022 5:30 am ET


    >August apartment asking rents nationally fell 0.1% from July, according to a report from property data company CoStar Group. It was the first monthly decline in rent since December 2020, the company said.

    >Other surveys also showed rent declines of various degrees. Apartment-listing website Rent.com showed a 2.8% decrease in rent for one-bedroom apartments during the same month. A third measure, by the listings website Realtor.com, also noted a slight monthly decline in rent this August.

    >News Corp, owner of The Wall Street Journal, also operates Realtor.com under license from the National Association of Realtors.

  2. How is this happening when the Fed claims that rents are raising the CPI? This article saying that rents are falling then the fed saying rents are rising. Who is telling the truth here?

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