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Podcast: BiggerPockets Daily
Episode: Rents Are Increasing Rapidly in These States Despite Flattening Nationally by Lindsay Frankel
Description: Rent prices tend to increase in spring and summer as more people seek new rental homes, but lower demand alongside new inventory keeps rent prices nearly flat nationally. In some states, however, an influx of new residents is causing median rents to grow, according to a May report from Rent.com. The trend is clear: People are moving to areas with strong economies that still have affordable rent and housing prices. In the states where rents are rising the fastest year-over-year, the median rent is still relatively low compared to the national median.Nationally, rents were up just...