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Why Rent Is Rising In The U.S.

The demand for housing is strong. As rental prices begin to reach a record high, market indicators suggest that the rise won't lessen any time soon.

According to the recent video from CNBC, most of the homes being built today are on the high end of the market. The pandemic has shifted the housing demand from sprawling urban cities to residential neighborhoods. This has created unique challenges for industry buyers and sellers alike; the high cost of construction makes for more expensive housing prices.

Some cities have even considered converting unoccupied office buildings into apartment complexes, as most necessary connections are already in place.