Renters are moving back in with their parents at an eye-opening rate during the pandemic

The pandemic is forcing some young renters to move back home with their parents. Nearly 50% more renters are moving back in with their parents, with millennials moving back home the most often, up 75% from this time last year, according to a new report from Zumper. CNBC's Diana Olick reports on what this means for the housing and rental market.