Single family rents were up 11.5% year-over-year in November, CoreLogic reported.

The increase hit a seventh consecutive record high.

"The November 2021 increase was more than three times the November 2020 increase, and while the index growth slowed in the summer of 2020, rent growth returned to its pre-pandemic rate by October 2020, CoreLogic Principal Economist Molly Boesel noted in unveiling the latest CoreLogic Single-Family Rent Index.

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