The price of rent is giving the cost for a gallon of gasoline a run for its money in what's startling American consumers these days.
The median monthly asking rent in the US exceeded $2,000 for the first time in May, rising 15% year over year to a record high of $2,002, according to real estate brokerage Redfin.
Optimists will say that growth rate is smaller than March's (17 percent) while pessimists will note that it repeats April's annual increase.
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