The next phase of America’s competitive housing market: Renters facing bidding wars

Econ & Housing

Renters diving into a white-hot housing market are over-bidding on available apartments, marking the death knell of pandemic-era deals and months of free rent — all while potentially imperiling tenants who can’t afford to compete. A realtor in Philadelphia, for example, told the Philadelphia Inquirer she “broke down and cried with my client” after losing a…

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