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U.S. median asking rent falls 0.9% to $1,699 as concessions hit 43.5%

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  • Realtor.com reported lower August asking rents across the 50 largest U.S. metropolitan areas.
  • August median asking rent was $1,699, down 0.9% year over year.
  • Concessions appeared on 43.5% of listings, compared with 40.4% a year earlier.
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