Blake Stargel News Today : Breaking News, Live Updates & Top Stories | Vimarsana

place to land troops and equipment in a crushing blow to russian morale. and later, it's been a blockbuster summer at movie theaters. audiences return for action on the big screen. >> having fun yet? >> so why is hollywood bracing for a big chill? >> the problem is there weren't enough blockbusters this summer for the theater chains to really say that we are back. >> announcer: this is the "cbs weekend news." from new york, with jericka duncan. good evening and thanks for joining us on this sunday. tonight, millions of americans from texas to louisiana are under threat of flash f...

Working remote are now coming back in. >> reporter: blake stargel listed this three-bedroom in l.a. for $4,700 a month. >> i got 50 inquiries in the first 24 hours. we had offers up to 5,500 on this property. >> reporter: rising mortgage rates are partly to blame, locking out would-be home buyers. >> all of those things will put upward pressure on rents. >> and so now those people are fighting for apartments in the rental market again. >> absolutely. >> reporter: and they're competing against renters like michael citrin, whose current lease is up. >> there's a possibility that i don't find som...

"I'd never have expected that there'd be a bidding war for a 12-month lease."

In metros where demand outstrips supply, renter competition has created bidding wars. A few landlords, in turn, ask competitors for their “highest and best offer.”