America’s rental market heats up as its housing market takes a breather

Although the housing market continues to experience a slowdown in home price appreciation, new data from Zillow suggests the nation’s rental market is thriving. According to the company’s Real Estate Market Report, U.S. rent prices accelerated for the ninth-straight month in June, climbing to $1,483. Unfortunately, home values grew only 5.2% annually, falling from last year’s growth of 7.6%.