Rents reportedly continue to fall according to StreetEasy’s Q1 2017 Real Estate Market Report.  According to StreetEasy’s chief economist, rents continue a downward trend due to the “surge in new construction, particularly from the higher end of the market.”

While renters may breath a sigh of relief for the time being, many won’t take much solace since this little downturn that StreetEasy sees is coming off record-breaking rental rates from just a few months ago.

Head over to their blog for an interactive map of rents (and sales).

StreetEasy Price Index