News Corp's subsidiary, Move, Inc., operates [Realtor.com](http://Realtor.com)®, a platform dedicated to delivering consumer connections and a comprehensive suite of marketing tools to foster business growth. Recent data from Realtor.com highlights a significant shift in the U.S. rental market, with renters spending an average of 23.4% of their incomes on rent in April, which is notably below the traditional 30% affordability rule. This improvement in rental affordability is attributed to a surge in multi-family new construction projects, which have contributed to easing rent rates. Markets such as Miami, New York, Los Angeles, Boston, and San Diego remain the least affordable, while cities like Oklahoma City, Austin, Columbus, Raleigh, and Minneapolis are considered the most affordable for renters. For media inquiries, contact Mallory Micetich at [press@realtor.com](mailto:press@realtor.com).
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