Rent Continues To Surge Across The Country

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 Morning."

Monday, May 2nd 2022, 12:45 pm

By: CBS News

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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 Morning."