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Realtor.com® Monthly Rent Report: Rents Fall for 37th Straight Month as Concessions Give Renters More Leverage

Source: PR Newswire

Housing & Real EstateConsumer Demand & Retail

Median asking rent across the 50 largest U.S. metro areas fell to $1,699 in August, while 43.5% of rental listings included concessions. An Avail survey identified elevated vacancy rates as the primary driver of landlord incentives, signaling continued rental-market softness and pressure on property-owner pricing power.

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