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Nightly News
Skyrocketing rents rise at the fastest pace in decades
NBC News Clone summarizes the latest on: Skyrocketing Rents Rise At The Fastest Pace In Decades 138453573867 - Breaking News | NBC News Clone. This article is rewritten and presented in a simplified tone for a better reader experience.
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Rents are rising at the fastest pace in decades from coast to coast. A real estate research firm has reported a record 11.3 percent increase nationwide. The giant spikes hit the South, where many moved post-pandemic, enticed by the warmer weather. Realtor Storrie Ferrel says pandemic supply chain problems have made a shrinking market even smaller.April 24, 2022
