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Landlords in panic mode (Redfin reports massive rent cuts in U.S. Cities)

Rental rates are now dropping across the U.S. according to new data from Redfin, with the biggest decline occurring in Austin, TX, where rents are down nearly 10% over the last year.

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Rents are also dropping in markets like Minneapolis, Raleigh, Orlando, Jacksonville, Salt Lake, and Nashville, as Sun Belt boomtown housing markets continue to enter a correction in 2025.
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