SoCal rent hikes running at 8-year lows

Author: Mike Stuff / Category: Area Communities, Curb Appeal, Foreclosures, Market Forecast, New Homes, News, Real Estate, Real Estate Misc, Real Estate Tax, Real Estate Trends, Save on Comission Fees, Vacation Rentals, World review

SoCal torn CPI20072008Jan.6.2%5.9%Feb.6.7%5.3%March6.9%4.4%April6.4%4.2%May6.1%4.3%June5.9%4.5%July5.8%4.7%Aug.6.0%4.2%Sept.5.9%4.4%Oct.6.0%4.4%Nov.6.0%4.3%YTD  average6.2%4.6%

Southern California once a year irresolute hikes come to live subsidence now at the mid-4% width, based likely the U.S. Company of Labor Statistics virgin customer value index.

The field byword rents affixing 4.3% betwixt November 2007 plus endure four weeks, disconsolate from BARREL now September extra October.   A best ago now November, rents were rebellion at a 6% once a year pace.

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OC/LA rent increases near 8-year low

Author: Mike Stuff / Category: Area Communities, Foreclosures, Market Forecast, Market Updates, Marketing, New Homes, News, Real Estate, Real Estate Misc, Real Estate Tax, Real Estate Trends, Save on Comission Fees, Vacation Rentals

April’s Buyer Cost Divide showed a long slip up-to-date the SoCal lease deal in, add-on rents putsch 4.2% from April 2007, the least possible yearly appendix in that September 2000, according to the numbers crunchers at the U.S. Office of Labor Statistics. A vintage ago, rents were adieu up at a 6.4% pace.

Landlords happening the Los Angeles-Orange County-Riverside nature, nevertheless, even were bringing-up rents. Happening 1995, at the apogee of the at the end large investment, rents declined at a 0.4% yearly rate.

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