Renters face apartment bidding wars amid increased demand
Renters face apartment bidding wars amid increased demand
(NewsNation) — Bidding wars are popular when it comes to buying a home in hot markets. But now, renters are realizing the advertised rental rate for an apartment may not be enough to secure them a place to live.
The demand for rentals right now is high, according to data recorded by Real Page Market.
Rising mortgage rates, growing fears surrounding inflation and supply chain snags all contribute…