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Single-family rent growth hits lowest level in 15 years
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Single-family rent growth hits lowest level in 15 years

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Rents for both single- and multifamily homes are coming down, as more supply hits the market and demand weakens.

Rents for single-family residential homes rose just 1.4% in August compared with the year before, according to analytics and data firm Cotality, down from a 2.3% annual gain in July. That's also much less than the 3% average gain seen last year and i... [2473 chars]

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Source: CNBC

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