Rent rates begin to slowly plateau
Rent rates begin to slowly plateau
(NewsNation) — Rental costs in the U.S. hit record rates over the summer due to inflation. Now, rental prices are starting to slowly plateau.
New data from Redfin shows the average cost of rent has begun to level out, and some experts say this trend could continue.
The national median asking rent was up 11% from August 2021 to August 2022, increasing the average rent to more than $2,000,…
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