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: This is where rents are rising the most. Hint: it’s NOT New York or San Francisco

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The lack of housing inventory for home buyers is having major ripple effects in the rental market, as more Americans seek to renew leases to buy themselves more time for their home search.

Rents for single-family homes increased nationwide by 9.3% over the past year as of August, according to a new report released Tuesday by property data company CoreLogic. Comparatively, in August 2020, rents had only increased 2.2% on an annual basis.

Notably,…

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