Yellen: Housing Prices Went Up Due to Pandemic Changes

On Wednesday's broadcast of CNBC's "Squawk on the Street," Treasury Secretary Janet Yellen said that housing and rental prices went up due to changes in living and working during the pandemic and that "If you're in the middle of a rental contract and it renews, you're likely to see the rent adjust up to current market levels, and that's a big expense, and people feel that."