California Market Values Flatline Against Backdrop of U.S. Rent Growth Acceleration

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U.S. rent values continued their growth streak, accelerating for the ninth-straight month, according to the June Zillow Real Estate Market Report. The median U.S. rent rose 3% on an annual basis to $1,483, with Las Vegas (up 10%), Phoenix (up 8.4%) and Orlando (up 7.4%) seeing the largest year-over-year growth.

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