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Wealth
Economics

US Rents Surge by Another Record, Led by a 41% Jump in Miami

Views in Miami.

Views in Miami.

Photographer: Camilo Morales/Tetra images RF/Getty Images

Another month, another record for US single-family rents, which jumped 14% year-over-year in April, marking the 13th period of record-breaking annual gains.

Supply shortages and a strong job market are driving prices up, according to CoreLogic, a provider of real estate data.