Major Cities Are Experiencing Rise in Bidding Wars for Rentals

Rising mortgage rates and limited housing supply is forcing many to stay in the rental market. In the first three months of the year, the u-s apartment market set record highs for demand, occupancy and rent growth rose over 20%-- toppling previous multi-decade peaks from just one quarter earlier. Increased competition among renters means many tenants feel compelled to pay more than what landlords are asking. Meg Epstein, Founder & CEO of CA South, breaks down what to expect from the rental market and offers tips for those looking to move.
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