J. D. Vance: “Rents have gone down over the past five months.”

“And in certain jurisdictions, it actually got way worse than that. There are certain places where the cost of a home in four years went up by 200%. What's happened over the last five months? Rents have gone down over the past five months. And so, though there's still a lot of work left to do. We're finally seeing more Americans being interested, especially our young families being interested in buying a home for the first time.” (13:14–13:18)

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.