Realtor.com® March Rental Report: Renters Get More Relief Amidst Lingering Inflation [Yahoo! Finance]
News Corporation - Class B (NWS)
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Source: Yahoo! Finance
SANTA CLARA, Calif. April 30, 2024 /PRNewswire/ -- Rents declined in March for the eighth consecutive month, with year-over-year prices dropping by -0.3% and declines seen across all unit sizes, according to the Realtor.com ® Rental Report released today. Even so, the median rent of was only less than the peak seen in August 2022 and was more than in March 2019 , before the pandemic, pointing to a resilient rental market. Top 10 markets with the largest yearly rent price declines include: Austin-Round Rock , Texas (-4.70%); Memphis, Tenn. -Ms.-Ark. (-4.40%); St. Louis, Mo. -Ill. (-4.00%); Atlanta Sandy Springs Roswell, Ga Miami Fort Lauderdale West Palm Beach, Fla. Phoenix Mesa Scottsdale, Ariz. (-3.20%); Nashville-Davidson–Murfreesboro–Franklin, Tenn. (-2.90%); Orlando Kissimmee Sanford, Fla. Tampa St. Petersburg-Clearwater , Fla. (-2.50%); and Cleveland Elyria, Ohio "Rising shelter costs have been a major driver of overall inflation, a top concern for the Fed as it meets this w
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