There's pretty robust housing market data out there.
Anecdotally, an apartment in my building in SF with the exact same layout as mine (I got new terms and re-signed the lease in May) is now renting 10% cheaper than I signed two month ago.
Anecdotally, an apartment in my building in SF with the exact same layout as mine (I got new terms and re-signed the lease in May) is now renting 10% cheaper than I signed two month ago.