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Rents Are Falling -- Is This a Problem for Equity Residential?

Rents Are Falling -- Is This a Problem for Equity Residential?

Since the COVID-19 pandemic, residential real estate has been one of the best-performing asset classes. In some hot markets, like Phoenix and Austin, home prices rose 50% or more. Does this present a problem for apartment real estate investment trusts (REITs) like Equity Residential (NYSE: EQR)?