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Rent Growth Hits 10-Month High as Home Value Appreciation Drops Sharply (access required)

  Rent prices grew at their fastest rate in 10 months in February, reaching 2.4 percent year-over-year appreciation, according to the February Zillow® Real Estate Market Report[i]. The U.S. median monthly rent was $1,472 in February, up from $1,438 a year earlier. This translates to more than $400 in additional yearly expenses for the typical renter. Rents have steadily recovered since a slowdown in ...

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