Why rents are dramatically increasing across the United States

60 Minutes published this video item, entitled “Why rents are dramatically increasing across the United States” – below is their description.

Rents are increasing dramatically across the U.S., but what is the cause? “We didn’t build any housing for [millennials] in the last decade because we are still so traumatized by the last housing crisis,” Redfin chief economist Daryl Fairweather explains. https://cbsn.ws/3N4q3ml

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About This Source - 60 Minutes

The oldest and most-watched newsmagazine on television gets the real story on America’s most prevalent issues. CBS News correspondents contribute segments to each hour-long episode. Topics range from hard news coverage to politics, lifestyle, pop culture, business, health, and science. The correspondents and contributors include Sharyn Alfonsi, Anderson Cooper, Steve Kroft, Lara Logan, Norah O’Donnell, Scott Pelley, Charlie Rose, Lesley Stahl, Jon Wertheim, Oprah Winfrey and Bill Whitaker.

  • Presented by: Lesley Stahl; Scott Pelley; Bill Whitaker; John Dickerson;
  • Original release: September 24, 1968
  • Genre: News magazine
  • Related shows: 60 Minutes (Australia); 48 Hours; Face the Nation; CBS Overnight News
  • Networks: CBS News, CBS

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In This Story: United States

The United States is a country also known as the United States of America, USA, US or just America. There are fifty states in the union, which is a federal republic ruled by a representative democracy. Nearly ten million square kilometres are inhabited by over 300 million people. The majority of Americans speak English.

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