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MoneyWatch: The cost of rent is on the rise

Name: MoneyWatch: The cost of rent is on the rise
Uploaded: 2022-04-27T09:46:37-0400
Duration: 3 min 21 s
Description: Average rent in the United States is up 17% from last year. Southern Florida is getting hit especially hard, with rents averaging 55% higher than last year. Danielle Hale, chief economist for Realtor.com, shares what's causing these increases on "CBS News Mornings."

Average rent in the United States is up 17% from last year. Southern Florida is getting hit especially hard, with rents averaging 55% higher than last year. Danielle Hale, chief economist for Realtor.com, shares what's causing these increases on "CBS News Mornings."