The Weekly: Here’s what’s causing Central Florida rent prices to skyrocket

News 6 Anchor Justin Warmoth discusses spiking rent on ‘The Weekly’

ORLANDO, Fla. – With record-breaking inflation, everything is more expensive right now.

Rent prices are no exception. In fact, they’re outpacing the inflation rate, and more and more families are getting priced out of their homes.

[TRENDING: EF-1 tornado damages buildings, vehicles in Ocala, authorities say | ‘I let you down:’ Disney CEO pauses political donations amid ‘Don’t Say Gay’ bill backlash | Become a News 6 Insider (it’s free!)]

Brian Carberry with joined anchor Justin Warmoth on “The Weekly” to discuss what’s causing prices to spike in Central Florida.

“There’s just a lot of people in the market right now looking for a new place to live and there’s not a lot of available inventory,” Carberry said. “Occupancy rates are near an all-time high. We point to supply and demand as the main factor.”

Carberry also explained some tactics tenants could use when negotiating prices with property managers and landlords, and whether the possibility of higher mortgage rates will influence the rental market.

Watch the full interview in the video player above.

About the Author:

Justin Warmoth joined News 6 in February 2013 as our Brevard County reporter. In March of 2016, after anchoring the weekend mornings since August of 2015, Justin was promoted to weekday morning anchor. You can catch him Monday through Friday mornings from 5-7 a.m. and at noon.