James Myall, an economic policy analyst at the Maine Center for Economic Policy, had a similar guess.
“One thing that could be playing a role is that we have seen inflation kind of cooling and wages continuing to rise,” Myall said. “I don’t know if that’s been enough to keep up with the rising cost of rent … but it is possible that if people are earning more and the unemployment rate is low, that’s it’s taking some of the pressure off of families, in terms of rent.”
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