U.S. Housing Market Making It Harder to Rent Than Buy a Home

In this unrelenting U.S. housing market, renting a home could be harder than buying a home. With a high demand and continuing low supply we have seen rental prices for single-family homes rise 7.8% last year. With people being priced out of owning a home, many resort to renting, only to find the same problems… a rental listing pops up, and an immediate flood of applications for that property. Allison McNeely, personal finance reporter at Bloomberg News, joins us for more. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com