A new report from a real estate research firm indicates that monthly rents across the country rose on average by roughly 11% last year a new record. And that increase was nearly doubled in the Triad.
most recent spikes. and monthly rents are also skyrocketing, pricing some people right out of their homes. cbs s nancy chen reports from south florida which is seeing the nation s largest rent hikes. here we go. reporter: it s hard enough for jamie jamie wolf a singm to raise three kids. the landlord is raising the rent by nearly $1,000 a month, a 30% hike. previously i got 5%, 6% increases. reporter: sure, but $1,000. impossible to prepare for. reporter: apartment sticker shock is happening nationwide, soaring 20% last year across the u.s. in the miami metro area, they re up nearly 50%, forcing wolf who lives in boca raton to make sacrifices. they go to aftercare for a couple of hours each afternoon so i can work, so we have to take that away for sure. this is about survival. reporter: die an flay stanley runs the lord s place in