Urban Rent Slowdown May Signal Renters are Edging Toward the Suburbs as Unemployment Surges During the Coronavirus Pandemic

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SEATTLE, WA – While the for-sale market has shaken off the early impact of the coronavirus pandemic and resumed its torrid pre-pandemic pace, rent growth hit the brakes this spring. Rent prices in urban areas have slowed more than those in suburban areas, Zillow data shows, a possible signal that renters’ preferred location is tilting toward the suburbs.

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