US Rent Prices Fall 0.2% in November, Largest November Drop in 15 Years

The statement is assessed as likely true with high confidence based on strong, consistent, and direct evidence from multiple authoritative sources.Two key pieces of evidence directly and fully support both parts of the claim. First, the press release from Apartments.com (CoStar Group), a primary source for this data, explicitly confirms the national rent decline and the 15-year record for the month of November. Second, an article from the industry publication Multifamily Dive corroborates this information, reporting the same 0.2% decrease and the 'steepest November decline in over 15 years,' importantly citing data from both CoStar and another major real estate data firm, Yardi Matrix. This provides independent verification from two of the industry's leading data providers.Further supporting evidence comes from a commercial real estate news article (credaily.com) which also highlights this as the 'Largest Drop in 15 Years.' Additionally, city-level data from Apartment List for Tampa, Jersey City, and San Francisco, while not providing the national figure, shows a consistent trend of rent decreases in November, which aligns with the national claim.There is no contradictory evidence among the provided sources. Some sources were either irrelevant (JLL's global outlook) or lacked the specific month-over-month data, but none disputed the claim. The convergence of information from primary data providers and multiple industry news outlets makes the statement highly credible.