Listed rents are up 15% nationwide, and as much as 30% in some cities. At the same time, inflation and rising interest rates are pricing many buyers out of the housing market — increasing the pressure to rent. NPR's Jennifer Ludden reports that competition is so intense, some people find themselves in bidding wars.
The red-hot rental market could mean that more people face the threat of eviction at a time when most pandemic-era protections have disappeared. Carl Gershenson, Project Director of the Eviction Lab at Princeton University, explains how being evicted makes it all the more harder to find a new place to live.
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