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According to a new Redfin report, renter households rose by 2.7% in Q3 to 45.6 million—a growth rate nearly three times that of homeownership. This gain, which represents 1.18 million new renter households, marks the second fastest uptick since 2015, as sky-high homebuying costs have kept renting as a more affordable option.</p>","<p>While the median asking rent in September was just 0.6% higher than last year, home prices climbed 6% year-over-year and are up more than 10% since 2022. Home sales are also dragging, with only 2.5% of the nation's homes changing hands in the first eight months of 2024, marking the lowest rate in decades. 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