Rents are dropping across the US
"across the US" as in "in expensive coastal cities."I don't know the broader trend but, anecdotally, I know people who have/are in the process of moving out of cities for more rural locations. One couple I know just moved out of a major Northeast city to the coast of Maine. Others are seriously considering vacating NYC etc.With many tech industry jobs mostly WFH until the end of the year and the future in general uncertain, a lot of people, especially those with leases coming up for renewal, are thinking this is a good time to make a move.ADDED: I suppose this is good news for people looking for cheaper city housing prices. Maybe not so good for those who were especially attached to either the vibrant city life or busy office life.