Real Estate
Renting a Home Is Even Harder Than Buying One in Unrelentingly Hot U.S. Market
Rental prices for single-family homes grew 7.8% in 2021, an all-time high, according to CoreLogic.
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For Atlanta real estate agent Jamie Douglas, a dearth of inventory has made it almost impossible to take on new clients hunting for affordable rental homes.
Now, she works with people who have at least $5,000 a month to spend on rent, double her usual base of around $2,500 because there’s just nothing available at lower price points. One house will get 15 to 20 applications and be rented within a day, she said.