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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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