May 4, 2018
Finally: Red-Hot Rental Market May be Cooling off
LOS ANGELES (KNX1070) - It may be hard to believe, but there are finally signs of relief for renters in Southern California.
After a rapid and relentless climb, rent prices appear to be stabilizing, staying mostly unchanged in the local area from the previous month according to the website Apartment List. Richard Green, director of the USC Lusk Center for Real Estate, tells KNX we're starting to see some more supply in the market:
Green says rent prices are facing downward pressure on both ends of the spectrum. Higher income renters are saving enough to buy, while lower income renters are leaving Southern California.
The original article can be found here.