Rent Growth Moderates for Third Consecutive Month

October 3, 2022 Demetria Lester

Rent growth is likely to keep slowing as rising interest rates continue to cool the economy, as asking rents climbed to a record high in August, while rent growth moderated for the third-straight month. According to a new report from Redfin, the national median asking rent was up 11% year-over-year to $2,039, —the smallest annual ...

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