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US Single-Family Rents Up 3 Percent Year Over Year in July

US Single-Family Rents Up 3 Percent Year Over Year in July

Single-family rents climbed steadily between 2010 and 2018, as measured by the CoreLogic Single-Family Rental Index (SFRI). However, year-over-year rent price increases have slowed since February 2016, when they peaked at 4.1 percent, and have stabilized over the last year with a monthly average of 2.7 percent.  In July 2018, single-family rents increased 3 percent year over year, a 1.1-percentage-point decline in the growth rate since the February 2016 peak.  The SFRI index measures rent changes among single-family rental homes, including condominiums, using a repeat-rent analysis to measure the same rental properties over time.

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