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Rents Increase by Double Digits for Sixth Month

The streak continues: as affordability concerns begin to price some buyers out of the purchase market, the latest data from the rental market shows that tenants are experiencing double-digit rent hikes as well.  According to Realtor.com’s year-end Monthly Rental Report, December saw rents increase for the sixth month in a row, led by surges in major metropolitan areas such as Miami, where rents increased by …

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