• Rents are skyrocketing in many of the small cities people fled to in 2020

    10 days ago - By Business Insider

    Americans across the country are struggling to pay rent during the coronavirus pandemic.
    Erik McGregor/LightRocket via Getty Images
    A Realtor.com report found that rent in some smaller cities saw double-digit growth over the past year.
    Larger cities, on the other hand, saw big drops in rents as working from home allowed residents to leave.
    The divergence in urban rents shows how the pandemic is reshaping the economy's housing sector.
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    In affordable cities near major tech hubs that would typically attract homebuyers, rent prices have...
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