fox29.com
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Massive rent hikes may finally be coming to an end, economist says
sweeping inflation. In the 50 largest metro areas, median rent rose an astounding 19.3% from December 2020 to December 2021, according to a Realtor.com analysis of properties with two or fewer bedrooms. Rents are still at an all-time high in the U.S. but data shows asking rent prices have been consistently slowing for the past several weeks. According to Redfin, the average cost of rent during July 2022 in the U.S.