Average monthly listed rents in the US increased 14.1% year over year to $1,877 in December, according to a report issued by real estate brokerage firm Redfin.

This was the largest annual jump since at least February 2019—the earliest month in Redfin's rental data.

Meanwhile, the national monthly mortgage payment for homebuyers climbed 21.6% year over year, also the biggest increase in Redfin's records.

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