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The Philadelphia Inquirer
The Philadelphia Inquirer
Business
Michaelle Bond

Like home buyers, renters now are facing bidding wars in a fiercely competitive market

The licensed practical nurse couldn't afford a $400 hike in her rent. So she started hunting for a new place.

She wanted to rent a three-bedroom house for herself and two children and could pay up to $1,400 a month. She had always paid rent on time, and her landlord wrote her a recommendation letter. But as she searched in Philadelphia and Delaware County, Pennsylvania, she received denial after denial, said Liora Israel, a Realtor at Philadelphia-based eXp Realty who was helping her.

"Within two weeks, I'd shown my client 44 houses and applied to 30-something," Israel said. "And that is not an exaggeration."

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