Home prices and rents continued their massive climb, this summer, creating what real estate agents describe as a near-impossible market for buyers and forcing renters to fork over more money to stay in their homes.

"Its been very difficult for our buyers to find listings. The inventory is just not there," said Sandra Rose, a realtor with Motivated Connection Realty in West Palm Beach. "There are less homes on the market right now."

A study this summer by Florida Atlantic University and Florida International University found homes are selling for more than 20% above typical market trends. Researchers noted a shortage in homes for sale and a significant uptick in out-of-state buyers are two of the driving forces behind the trend.

Rose says her clients who are renters are also facing extreme difficulties, with landlords raising rent by hundreds of dollars to keep up with increased demand.

"For renters right now it is bananas. It is crazy," she added.

Iola Mosley, who represents Floridians facing eviction with the nonprofit Florida Rural Legal Services, says many of her clients are rebounding from difficult economic circumstances, caused by the pandemic, and simply can't pay what some landlords are demanding.

"[They're] facing double and sometimes triple the amount of rent that they were paying in the past prior to the pandemic," she said in an interview with CBS 12 News.

Florida's unemployment rate is low compared with other tourist-heavy economies. Additionally, many business owners say they're having difficulty finding workers for service industry jobs. But, wages have also not increased since the outset of the pandemic and steady inflation is increasing the price of necessities like groceries and gas.

"Their wages haven’t increased. There are no new jobs coming out, paying these fantastic wages, but the housing costs are going up and up and up," Mosley added.