Rents are finally flatlining in San Francisco and New York — here's what's causing it

Rents are finally cooling off in some of the most expensive cities in the US.
August marked the slowest annual growth rate for rents nationally in the last three years, according to data from RentCafé.
Manhattan saw a year-over-year decrease of 2%, while average rent in Brooklyn fell 1.3%.
In San Francisco, rents decreased 0.2% year-over-year — an otherwise unremarkable drop save for the fact that rents in the metro area have almost consistently been on the rise for several years.
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