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Rent growth accelerates while listing concessions remain elevated
Zillow Research says rent growth accelerated in its June rent report, even as more rental listings continued to offer incentives to attract tenants.
The research highlights that the share of listings with concessions remains elevated, even though monthly rents are rising.
Zillow frames the current setup as a combination of faster rent increases and persistent promotional offers on available units.
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Sources
Zillow ResearchRent Went Up But So Did the Freebies (June Rent Report)