The 10 Cities Where Rental Prices Are Falling Most

After three years of booming, prices in the rental market have finally started to cool down across much of the US, with a number of cities experiencing significant declines, according to the latest data.

Las Vegas took the top spot nationwide for cities where rental prices are tumbling the most, with a 6 percent drop in the year to May—the latest data available—according to Realtor.com. It was followed by Riverside, California, with a 5.9 percent decline in rental prices from May 2022 to May 2023 and Phoenix, Arizona, with a 5.7 percent slide in the same period.

These are the 10 cities where rental prices have fallen the most, according to Realtor.com data.

1. Las Vegas, NV (Median rent price: $1,531; year-on-year change -6.0 percent)

2. Riverside, CA (Median rent price: $2,302; year-on-year change -5.9 percent)

3. Phoenix, AZ (Median rent price: $1,663; year-on-year change -5.7 percent)

4. Austin, TX (Median rent price: $1,641; year-on-year change -5.6 percent)

5. Tampa, FL (Median rent price: $1,793; year-on-year change -4.0 percent)

6. Charlotte, NC (Median rent price: $1,576; year-on-year change -3.5 percent)

7. Atlanta, GA (Median rent price: $1,660; year-on-year change -3.1 percent)

8. Denver, CO (Median rent price: $1,969; year-on-year change

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Real Estate Agents vs. Realtors vs. Brokers: What’s the Difference?

The process of choosing a real estate agent should be a careful one. You want to work with a professional…

The process of choosing a real estate agent should be a careful one. You want to work with a professional who will not only act in your best interest, but will also effectively guide you every step of the way so you feel confident about your home sale or purchase.

But when you’re browsing for potential agents, how do you decipher the differences between a licensed agent, a Realtor and a real estate broker? Does one guarantee you an unmatched level of service, and should you take the title into account when deciding who to work with?

— What real estate agents do.

— What brokers associates are.

— What brokers are.

— What Realtors are.

— Other types of real estate agents.

— What type of real estate agent should you choose?

[Related:How to Find a Real Estate Agent]

If you have trouble understanding the differences between a real estate agent, realtor or broker, don’t worry — you’re not alone.

To help you tell them apart, we’ve broken down the types of licensed real estate professionals based

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Why some Canadians are buying houses without the help of a Realtor

David McDonald says buying his first home in the latter half of 2021 was stressful — though maybe not for the usual reasons.

Even though he was working with a Realtor he trusted, he didn’t like that he couldn’t speak directly to the people selling their homes around North Bay, Ont., or that he’d repeatedly lost to other house-hunters in blind bids.

That’s partly why, when a friend forwarded a private listing in the area, he and his girlfriend jumped at the chance to see it.

“Being able to meet someone, look at the house and make an offer and have a handshake agreement right off the bat … that was, like, so much more of a transparent, clear process that I definitely found pleasing,” said McDonald, 38.

He closed the deal without his Realtor, which McDonald estimates saved both sides roughly $15,000 in commissions.

And while that might be reason enough for some to entertain the idea, industry insiders warn that going without a Realtor comes with risks.

A man sitting on a rocking chair looks and smiles at the camera.
David McDonald of North Bay, Ont., bought a house privately with his girlfriend in 2022. He estimates it saved both sides roughly $15,000 in commissions. (Submitted by David McDonald)

“It was

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Journal Club 01-20-23 – Passive Income MD

Here’s Journal Club 01-20-23! Every week, I hold a JOURNAL CLUB. After filtering through the articles on the web, I present a few that impacted my life this week. Be safe and stay well!


  • When it comes to investing in your child’s education, the most common option chosen by many parents is the 529 plan. There’s nothing wrong with it except that it may not be the most effective way to save for college… So, are there any other options? Fortunately, there’s more than one way to do it, and The White Coat Investor shares more about his preferred method of saving for college in the article – How to Use Real Estate to Pay for College.
  • Are you familiar with a Donor Advised Fund (DAF)? The concept behind a DAF is to set up an account to transfer funds today, which can be utilized for charitable donations in the future. Per the author of Physician in Numbers, you can also invest this money to be able to donate higher than what you put aside. Now that’s something! Curious to learn more about a donor-advised fund and if this could be a beneficial strategy for you? The author covers
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