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February 23, 2015

U.S. rents rise overall, but a few cities dip

WASHINGTON (AP) — U.S. home rental prices rose at a steady rate in January, but prices barely budged or even dipped in parts of the Midwest and Mid-Atlantic.

Real estate data firm Zillow said that prices increased a seasonally adjusted 3.3 percent in January compared with 12 months earlier. But some major cities are finding themselves with an excessive supply of apartments and houses, reducing price pressures for renters.


 
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