Majority of US renters saw price hike in the past year, study says

FILE - A "For Rent" sign is pictured in this file photo from April 15, 2015. Nearly 60% of...
FILE - A "For Rent" sign is pictured in this file photo from April 15, 2015. Nearly 60% of people were hit with a rent increase during the past year, according to a Freddie Mac study.(Elvert Barnes / CC BY-SA 2.0)
Published: Aug. 16, 2022 at 7:31 AM MST
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(CNN) - Renters in the U.S. are facing more worries about paying for housing.

Nearly 60% of people were hit with a rent increase during the past year, according to a study from Freddie Mac.

Just 38% of those renters said they saw an increase in take-home pay.

The study also found higher housing costs and inflation have altered the plans for many potential home buyers.

Nearly three-quarters of renter households who were planning to buy a home say that’s become more out of reach over the past year.

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