Brian Carberry: Latest News

LOS ANGELES - With rent prices skyrocketing across the country, some renters and prospective renters are finding themselves squeezed financially due to tight inventory, significantly high rental costs and multiple offers on less-than-ideal one-bedroom apartments. If this sounds like you, well, you’re not alone.Rentals have exploded across the nation, causing many to dig deep into their savings and risk eviction now that the federal moratorium has ended.But could renters possibly see some relief in the coming months amid the ongoing COVID-19 pandemic? Will prices for apartments finally come down?Brian Carberry, an expert with leading national consumer resource Rent.com, says rental prices started to skyrocket last summer, and monthly payments remain high for renters. "It really boils down to supply and demand right now," Carberry told FOX Television Stations Group. "Occupancy rates are at an all-time high right now, so there’s just not a lot of available inventory on the market for all of these people that are looking for a place to live.