The Housing Market Squeeze Pushes Renters Into Bidding Wars

NPR, June 24, 2022–Jennifer Ludden
Many forces have combined to create a rental market that’s setting records for a lack of vacancies and high costs. A big one is a historic shortage of housing. Meanwhile, rising mortgage rates are making it more expensive to buy a home, forcing many to stay in the rental market. And adding to all of this, the massive cohort of millennials hitting their late 20s and early 30s are eager to move out on their own.
https://www.npr.org/2022/06/24/1106352611/housing-market-renters-bidding-wars-mortgages