News: Rental Prices
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If it were the Giants vs. the A’s, we’d be headed for extra innings.
But we’re talking apartments here, and when it comes to the pace of rental revenue growth, the cities are in a dead heat for first place.
For the first quarter of 2013, Oakland and San Francisco were even for annual rent growth among the nation’s largest markets, according to propertymanagementinsider.com.
In California, fewer homes are for sale these days, and finding “for rent” signs can test a would-be tenant’s patience.
The news media are taking notice of these realities — and the impacts they’re having on affordability.
Both Forbes and the Huffington Post today published articles about the high cost of rental housing in California, and last week, the Sacramento Bee reported a steep decline in homes for sale.
According to the Huffington Post piece, the Golden State has the least affordable rental housing on the mainland United States. The Post cites the National Low Income Housing Coalition’s annual report.… Read More