US home rental prices continued to climb at a modest pace in December, but rapidly escalating costs in cities such as San Francisco and Denver suggest that renters are facing more financial pressure.
Prices rose 3.3% in December compared with 1 year ago, according to real estate data from Zillow.
Although that increase is less than the recent appreciation in home values, the surge in rental rates in several of the hottest markets indicates that renters who aspire to buy homes face mounting financial challenges.
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