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Rent growth is pushing tenants toward cheaper U.S. markets

Zillow data links rising U.S. rent prices to more tenant moves, which could affect the path to future home sales.

Reported · Written up by our desk · Residential

U.S. rent prices are rising, and that is prompting more tenants to relocate to lower cost markets, according to Zillow data highlighted by CNBC Markets.

The report suggests that as renters move toward cheaper areas, it could have knock-on effects for demand and timing in future home sales.

CNBC Real Estate similarly points to this shift in rental demand as a factor to watch for how housing markets may move next.

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