{"id":56774,"date":"2022-07-02T13:00:00","date_gmt":"2022-07-02T13:00:00","guid":{"rendered":"https:\/\/omni48.com\/news\/every-apartment-we-get-we-re-going-over-ask-housing-shortage-brings-bidding-wars-to-rental-market"},"modified":"2022-07-02T13:00:00","modified_gmt":"2022-07-02T13:00:00","slug":"every-apartment-we-get-we-re-going-over-ask-housing-shortage-brings-bidding-wars-to-rental-market","status":"publish","type":"post","link":"https:\/\/omni48.com\/news\/every-apartment-we-get-we-re-going-over-ask-housing-shortage-brings-bidding-wars-to-rental-market","title":{"rendered":"&#8216;Every apartment we get, we&#8217;re going over ask&#8217;: Housing shortage brings bidding wars to rental market"},"content":{"rendered":"<p>Bidding wars are becoming more common for apartment rentals across the U.S. sturti&#8212;Getty ImagesSign up for the Fortune Features email list so you don&#8217;t miss our biggest features, exclusive interviews, and investigations.A few weeks ago, a two-bedroom apartment in Chicago listed for $1,600 per month caught Eric Patterson&#8217;s eye. While the apartment was at the top of the 43-year-old&#8217;s budget, he works from home most days, and the extra bedroom would be perfect to accommodate his desk.Patterson sent in his application and waited to hear from the agent who showed it to him. A few days later, he received a text asking how much he was willing to offer for the apartment, as there were other prospective tenants who were willing to pay more than the list price.&#8221;I replied back to her and said my offer was $1,600, because that&#8217;s what the rent is,&#8221; he says. &#8220;I&#8217;m sorry, this is an apartment. I&#8217;m not going to get in a bidding<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Sign up for the Fortune Features email list so you don&#8217;t miss our biggest features, exclusive interviews, and investigations. A few weeks ago, a two-bedroom apartment in Chicago listed for<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[80,27,436,76,49,55],"class_list":["post-56774","post","type-post","status-publish","format-standard","hentry","category-news","tag-advocacy","tag-economy","tag-house-rent","tag-housing","tag-real-estate","tag-society"],"acf":[],"_links":{"self":[{"href":"https:\/\/omni48.com\/api\/wp\/v2\/posts\/56774","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/omni48.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/omni48.com\/api\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/omni48.com\/api\/wp\/v2\/comments?post=56774"}],"version-history":[{"count":0,"href":"https:\/\/omni48.com\/api\/wp\/v2\/posts\/56774\/revisions"}],"wp:attachment":[{"href":"https:\/\/omni48.com\/api\/wp\/v2\/media?parent=56774"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/omni48.com\/api\/wp\/v2\/categories?post=56774"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/omni48.com\/api\/wp\/v2\/tags?post=56774"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}