sale that received 21 offers. in boise, idaho area, home prices are up nearly 40%, leaving out people like john evans, who was born and raised there but cannot afford the larger home his growing family is looking for. quote, i m not in a position to make an all cash, no contingency offer nor am i willing to go $100,000 over asking, which is what we re up against. newbies are literally throwing money at everything, leaving guys like me in the dust. diana olick is cnbc s real estate correspondent. she s been covering this insane housing market and she joins me now. it s great to have you, diana. there s sort of i think some slightly different dynamics happening in the for sale and rental market. i want to focus first on the rental market. what is going on broadly in the rental market in the united states in cities particularly right now? well, thanks for having me, for one. but what s going on is something we ve never seen in the rental market before, that s bidding wars.