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Redfin Reports Rents Up 13%, Outpaced by 17% Growth in Monthly Mortgage Payments

Redfin Reports Rents Up 13%, Outpaced by 17% Growth in Monthly Mortgage Payments

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SEATTLE, Nov. 23, 2021 /PRNewswire/ — (NASDAQ: RDFN) — Average monthly rents increased 13% nationwide over the past year, the highest growth rate in at least two years, according to a new report from Redfin ( www.redfin.com ), the technology-powered real estate brokerage. The national median monthly mortgage payment for homebuyers posted even bigger growth, climbing 17% since October 2020.

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